Home Tech State-managed loan provider Banco do Brasil sees 2020 financial gain up 10%:...

State-managed loan provider Banco do Brasil sees 2020 financial gain up 10%: CFO By Reuters


SAO PAULO (Reuters) – Brazilian point out-managed lender Banco do Brasil SA (SA:) sees its profits most likely to improve 10% in 2020 from this 12 months, its Main Financial Officer Carlos Hamilton Araujo explained on Thursday in a meeting with analysts.

Up coming year, web money will be boosted by consumer lending and lower financial loan reduction provision costs, Main Government Rubem Novaes claimed. Nonetheless, its full bank loan book is very likely to existing sluggish advancement as corporate mortgage guide must drop.

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