Thursday, July 26, 2007

UPDATE 1-Banco Azteca gets preliminary nod to open in Brazil

(Reuters) - Banco Azteca has grown rapidly since it was launched by
Elektra in 2002 to offer loans and other services
to working class Mexicans.




The bank doles out credit to customers who want to buy
products in Elektra stores and also takes deposits and handles
dollar remittances sent home by Latinos working in the United
States.


Read more at Reuters.com Market News

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