Brazilian Via Varejo Receives Lending License

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SAO PAULO, July 19. (Reuters) – Brazilian retailer Via Varejo has received a central bank lending license, securities filings showed on Monday.

The retailer, which has two million customers with checking accounts, said it has set aside R $ 300 million in capital to provide loans.

Via Varejo added that her clients have pre-approved loans of up to R $ 42.5 billion.

(Reporting by Caroline Mandle; editing by Jason Neely)



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