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Banco do Brasil's return on equity could top estimates, CEO says
February 21, 2013 / 2:20 PM / 5 years ago

Banco do Brasil's return on equity could top estimates, CEO says

SAO PAULO, Feb 21 (Reuters) - Banco do Brasil SA could post return on equity above management estimates for the year, Chief Executive Officer Aldemir Bendine said on Wednesday.

Return on equity, a gauge of profitability for banks, rose to 21.2 percent in the fourth quarter from 18.1 percent in the third quarter. The average estimate in a Thomson Reuters earnings poll was 16.1 percent. Banco do Brasil is projecting ROE, as the indicator is known, between 14 percent and 17 percent this year.

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