Brazil's Itaú CEO Setubal sees rising interest income this year
SAO PAULO Feb 5 (Reuters) - Itaú Unibanco Holding SA , Brazil's largest bank by market value, is likely to see net interest income, or revenue from lending-related transactions excluding bad loan provisions, rise in 2014, Chief Executive Officer Roberto Setubal said on a conference call on Wednesday.
Net interest income fell 8.6 percent in 2013 as the result of years of declining borrowing costs, rising competition from state-run banks and a more prudent loan disbursement policy by Itaú.
- U.S. immigration protesters drop U.S. border blockade plan
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- White House intruder was armed with knife: officials
- About 60,000 Syrian Kurds flee to Turkey from Islamic State advance |
- Man charged with killing NFL player Peterson's son released on bond: report