SAO PAULO, Aug 14 (Reuters) - Brazilian state-run lender

Banco do Brasil posted on Thursday a net adjusted

profit of 3.8 billion reais ($702.4 million) for the second

quarter, down 60.2% from a year earlier and below the 5 billion

reais expected in an LSEG poll.

The lender also said it expects adjusted net profit for the

year to reach between 21 billion reais and 25 billion reais,

after it had placed a previous estimate under review in May.

($1 = 5.4101 reais)