SAO PAULO Jan 30 Loan defaults at Banco
Bradesco SA , Brazil's No. 2 private-sector
lender, should remain stable or fall slightly this year, Chief
Financial Officer Luiz Carlos Angelotti said on Thursday.
Bradesco beat fourth-quarter earnings estimates on the back
of a prudent stance on credit, interest rates hikes in the
second half of last year and efforts to limit loan-loss
provisions. Recurring net income, or profit excluding one-time
items, came to 3.2 billion reais ($1.3 billion), up 9.6 percent
on a year-on-year basis, a filing said.
A Thomson Reuters poll of eight analysts predicted recurring
profit of 3.18 billion reais.