Novo Banco Continental
in Brazil 🇧🇷
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About Novo Banco Continental in Brazil
Novo Banco Continental is a Brazilian banco múltiplo (multiple-purpose bank) headquartered in Porto Alegre, Rio Grande do Sul. The bank operates as a financial institution focused primarily on retail banking services, with a strong emphasis on payroll loans (crédito consignado) for civil servants and FGTS (Severance Indemnity Fund) advance loans. The institution represents approximately 12% of the total assets of Banco Continental, its Paraguayan parent company.
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