Like Banco BGN and Banco BMG, BMC does a brisk business in personal lending, but it is unlikely to follow the lead of its peers in securitizing those assets. The word in Sao Paulo is that BMC has a commitment from Itau to purchase a sizable chunk, if not most, of its personal loan origination for a warehousing facility. That would eliminate the advantages of securitizing that asset. For auto and corporate loans, however, BMC could use the outside funding, according to one source.