Banco do Brasil denies report of plan to extend farmer loan maturities

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Brazilian state-run lender Banco do Brasil BMFBOVESPA:BBAS3 on Monday denied a media report that it was considering extending loan maturities in additional relief to farmers affected by the U.S.-Israeli on ."Banco do Brasil informs there is neither a study nor any demand involving specific actions to extend loan maturities due to the conflicts in the ," the bank said in a statement.Bloomberg News reported earlier in the day, citing a source, that the bank was weighing fresh financial relief for farmers, including an option to defer part of their payments to the end of existing contracts.

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