Reported 10 days ago
Banco do Brasil announced an 8.3% increase in its third-quarter adjusted net profit, reaching 9.5 billion reais, while also projecting higher loan-loss provisions for the year. The bank's profitability measured by return on equity slightly declined to 21.1%, and its loan book expanded by 13% year-on-year. However, the delinquency ratio for overdue payments rose to 3.3%. The lender now expects to set aside between 34 billion reais and 37 billion reais for unpaid loans, an increase from prior estimates.
Source: YAHOO