CTT SIGNS AN AGREEMENT WITH CORREIOS OF BRAZIL AND BANK OF BRAZIL
CTT and the Brazilian post, ECT, have signed with the Bank of Brazil an agreement to allow the purchase on line of Brazilian products
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Brazil Correios Posts Record $180.28 Mln Net Profit 2005
Brazilian state-run postal service company Correios recorded a record-high net profit of 400 mln Brazilian reais ($180.28 mln/143.8 mln euro) in 2005, up 30 pct year-on-year, the local media reported on June 29, 2006.
The company’s net revenue hit 8.7 bln reais ($3.921 bln/3.128 bln euro) in 2005, a 7.5 pct year-on-year increase.
Read MoreBanco Postal to reach 5 million checking accounts by end-month
Brazilian financial services provider Banco Postal will be managing 5 million checking accounts by the end of this month, local financial daily Gazeta Mercantil reported.
Banco Postal is a joint venture between Brazil’s largest private bank Banco Bradesco (NYSE: BBD) and the Correios national post office. The bank offers loans and checking and savings accounts to low-income customers with monthly salaries around 500 reais (US$224), among other services.
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Presentation by Post Office at WME E06
P:LibraryWME Europe 06 presentationsKhutso_Mampeule.ppt
TNT wins logistics contract from Brazilian GE Plastics
TNT NV won a contract to manage a 15,000 sq m warehouse in Brazil from GE Plastics, a division of US General Electric, TNT said on April 18, 2006. The deal will be carried out by TNT’s logistics unit TNT Logistics. No financial details were disclosed.
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