Tag: CEO Fausto Ribeiro

Banco do Brasil: profit up 44.7% in 1st quarter, higher than expected

RT Staff Reporters -
RIO DE JANEIRO, BRAZIL - Banco do Brasil (BBAS3) on Thursday reported higher-than-expected net income, supported by lower provisions for losses with default. The recurring net income rose to R$4.9 billion (US$930 million), up 44.7% over a year earlier and...
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