SAO PAULO, Aug 7 (Reuters) - State-controlled lender
Banco do Brasil reported on Wednesday 8.2%
year-on-year growth in its second-quarter adjusted net profit.
The bank posted adjusted net profit of 9.50 billion reais
($1.69 billion) for the period, slightly above the 9.24 billion
profit estimated by analysts polled by LSEG.
WHY IT'S IMPORTANT
Banco do Brasil is one of Latin America's largest lenders by
total assets.
BY THE NUMBERS
The lender's return on equity stood at 21.6%, up from
21.3% a year earlier but just below 21.7% reported in the first
quarter.
Its total loan book stood at 1.18 trillion reais, up from
1.14 trillion in the first quarter, while delinquency over 90
days was at 3%, increasing from 2.9% in March.
It also raised its 2024 net interest income growth
forecast to between 10% and 13% from 7% to 11%. This year's loan
loss provisions guidance was hiked up to 31 billion to 34
billion reais, from 27 billion to 30 billion previously.
($1 = 5.6369 reais)