Itau Unibanco sees fall in its nonperforming loans outpacing market

SAO PAULO Tue Feb 5, 2013 12:11pm EST

SAO PAULO Feb 5 (Reuters) - Itaú Unibanco Holding SA , Brazil's largest lender by market value, sees its nonperforming loans declining at a faster pace than that of the broader market this year, Chief Executive Officer Roberto Egydio Setúbal said in a press conference on Tuesday.

Setúbal added that Itaú Unibanco sees faster credit growth for investments in 2013 and would like to offer more long-term credit, although it needs the proper conditions to compete against state development bank BNDES.

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