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.
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