Brazilian Access for Austrian Bank Through ABN Amro
ABN Amro has signed a partnership agreement with Raiffeisenlandesbank Oberoesterreich. The deal gives clients of the Austrian regional bank access to commercial banking and financial markets services in Brazil through ABN Amro and Banco Real, the Dutch banking group’s Brazilian subsidiary. Dr Ludwig Scharinger, director general of Raiffeisenlandesbank Oberoesterreich said: “The agreement will enable us to support our clients more effectively in Brazil. We can now support them in the region with local advice as well as providing a wide range of other banking services.” The agreement covers operating loan facilities; cash management; payroll; trade finance and financial markets services. In addition, ABN Amro will provide guidance to Raiffeisenlandesbank corporate clients who operate in, or are looking to enter, Brazil and the Latin American market.