CPGE

18:45 Oct 31, 2020
This question was closed without grading. Reason: Answer found elsewhere

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Spanish press release
Spanish term or phrase: CPGE
A su vez, se permite a los bancos mantener la categoría de crédito existente al cierre de febrero para cada uno de esos clientes, con el fin de evitar realizar grandes previsiones, que podrían afectar la solvencia de los bancos.

Programa de estímulo al crédito lanzado por el BCB ***(CPGE)*** con el potencial de activar hasta USD 23.000 MM en préstamos a pymes, para atender necesidades de capital de trabajo para preservar la operatividad de estas.

Los créditos otorgados bajo este programa serán financiados con recursos propios de la banca, que a modo de estímulo quedará eximida de cumplir con los requisitos de capital exigidos en una de las capas de aprovisionamiento reglamentario (ativos decorrentes de diferenças temporárias).

This has to do with bank loans and the Brazilian Central Bank. I could not find this acronym anywhere.
Reed James
Chile
Local time: 20:51


Summary of answers provided
4CPGE (working capital to keep businesses afloat)
Shilpa Baliga


Discussion entries: 1





  

Answers


56 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
CPGE (working capital to keep businesses afloat)


Explanation:
I would leave the Portuguese acronym and explain it in English.


    https://valorinveste.globo.com/produtos/credito/noticia/2020/06/23/bc-anuncia-linha-de-crdito-direcionada-para-micro-pequenas-e-mdias-empres
Shilpa Baliga
Local time: 00:51
Works in field
Native speaker of: Native in EnglishEnglish
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