Brazilian federal bank Caixa Econômica Federal (CEF) is to buy payroll and retirement loan books from 12 local banks, a spokesperson confirmed.
The number of banks in deals with CEF could reach 20, news service Agência Estado reported.
Brazil's largest bank, Banco do Brasil (BB), is also looking to buy loan books in this segment, in which it is the leader, the report said.
BB had 14.0bn reais (US$ 6.37bn) in payroll and retirement loans as of end-June, an increase of 37.9% compared to the previous June, according to its latest financial records.
Private sector bank Unibanco (NYSE: UBB) also has plans to take on this type of loan from other banks, a separate report from the agency said.
São Paulo state bank Nossa Caixa announced earlier this week it would be taking on loan books in this segment from six banks.
Last week, Brazil's central bank BCB changed rules to allow financial institutions to use up to 40% of their time deposits reserve requirements to take on other banks' loan portfolios.
Only banks with equity of up to 2.5bn reais can sell their loans through the rule change, which was expected to free up as much as 23.5bn reais for additional credit.
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