BancoEstado gets $450m capital injection

BancoEstado gets $450m capital injection

Bonds Corporate & Sovereign Strategy Economy & Policy

Chile will inject $450m into BancoEstado to increase lending to small and medium-sized companies, the country’s government said on Monday. Finance Minister Alberto Arenas said the capital would allow the bank to grant up to $5bn in loans and credit lines in the next five years. “We’re giving a clear sign now that the economy is decelerating,” he said in a statement. “We’re going to use all the tools at our disposal, in this case BancoEstado, so that there are funding sources for small and medium

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