Brazil's Bradesco sees expense growth at bottom of forecast

SAO PAULO Tue Oct 23, 2012 7:54am EDT

SAO PAULO Oct 23 (Reuters) - Brazilian lender Banco Bradesco SA expects operating expenses growing at around 9 percent this year, near the bottom of its forecast range for the item, Chief Financial Officer Luiz Carlos Angelotti said in a conference call on Tuesday.

The bank expects payroll, sales and administrative expenses to increase between 8 percent and 12 percent this year.

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