Brazil’s biggest bank, Banco Bradesco, has set up a corporate bank in Buenos Aires to service its existing clients as they increase trade with Argentina, the country’s leading partner in the Mercosur trade pact. It also intends to compete for trade finance mandates from Argentine exporters. Bradesco finances about 15% of Brazil’s foreign trade. Bradesco has appointed Antonio Bornia president of Banco Bradesco Argentina. Bradesco first entered Argentina in 1994 through Bradesco Argentina Seguros, a subsidiary of its insurance arm.