Mortgage-focused BM Sua Casa ups lending 82% in 2010

- Thursday, April 7, 2011

Mortgage-focused BM Sua Casa ups lending 82% in 2010

Brazilian mortgage lender BM Sua Casa increased lending by 82% in 2010, the company said in a press release.

BM Sua Casa closed last year with a loan book of 320mn reais (US$200mn).

The strong loan growth was due to market demand, the launch of new products and services and the company's geographical expansion, said BM Sua Casa director Elyseu Mardegan Jr.

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The lender focuses on the middle-class segment and operates in 61 cities in 15 states.

The company is the mortgage lending arm of Brazilian Finance & Real Estate (BFRE).