	libra bank expects brazil to reach debt accord london march london based libra bank plc said when announcing its annual results that it expected brazil to reach agreement with its creditors over debt repayments in recent years brazil has demonstrated its ability to generate surpluses sufficient to service its debt and i have no doubt that in due course it will reach an agreement with the banks and its other creditors libra managing director peter belmont said in a statement earlier the bank which specialises in providing finance to latin america and the caribbean announced pretax profits of mln stg for calendar against mln in libra s net worth increased by pct to mln stg last year and belmont said the improvement to the bank s balance sheet was due to profits being mostly retained in the bank and to the issue of mln stg of cumulative redeemable preference shares during the year libra is a consortium bank national westminster bank plc nwbl l chase manhattan bank n a cmb royal bank of canada ry to swiss bank corp sbvz z westdeutsche landesbank girozentrale welg f mitsubishi bank ltd bancomer snc banco itau sa credito italiano spa and banco espirito santo e comercial de lisboa all have shareholdings reuter 
