Reported 2 months ago
Banco do Brasil, one of Latin America's largest banks, announced an 8.2% year-on-year increase in its adjusted net profit for the second quarter, totaling 9.50 billion reais ($1.69 billion). The bank's return on equity rose to 21.6%, and its total loan book reached 1.18 trillion reais, despite a slight increase in delinquency rates. Additionally, Banco do Brasil revised its growth forecast for net interest income for 2024 upwards.
Source: YAHOO