Banco do Brasil sees faster growth in in­ter­est in­come

The Pak Banker - - FRONT PAGE -

SAO PAULO: State-con­trolled Banco do Brasil SA, Brazil's largest bank by as­sets, an­nounced on Thurs­day the fol­low­ing op­er­at­ing per­for­mance fore­casts for this year.

The bank kept fore­casts for loan book growth un­al­tered at be­tween 7 per­cent and 11 per­cent this year. In the 12 months through June, loan book growth was 6.4 per­cent.

It kept es­ti­mates for re­cur­ring re­turn on eq­uity un­al­tered at be­tween 14 per­cent and 17 per­cent this year. Re­cur­ring ROE is cur­rently 14.2 per­cent this year.

The bank in­creased its forecast for in­ter­est in­come growth this year to a range of be­tween 11 per­cent to 15 per­cent from the pre­vi­ous range of 9 per­cent to 13 per­cent an­nounced in Fe­bru­ary. An­nual growth to the end of June was run­ning at 14.2 per­cent. Banco do Brasil fore­casts fee in­come growth of be­tween 7 per­cent and 10 per­cent this year, un­changed from Fe­braury es­ti­mates.

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