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Brazil’s government controlled Banco do Brasil posts record profit of US$4 billion in 2021

RIO DE JANEIRO, BRAZIL - Government controlled Banco do Brasil (BB), the oldest Bank in Brazil, and one of the oldest banks in continuous operation in the world, has posted a record adjusted profit of R$21 billion (US$4 billion) in 2021, a 51.4% growth compared to 2020.

According to the institution's financial statements released overnight today (14), profits totaled R$55.9 billion (US$1.1 billion) in the fourth quarter alone, up 60.5% from the same period last year.

According to BB, which is among the top three largest banking institutions in Brazil and Latin . . .

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