News: Banco do Brasil SA (BBAS3.SA)

BBAS3.SA on Sao Paolo Stock Exchange

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Wed, Jul 1 2015

Fitch Affirms Banco do Brasil at 'BBB'; Outlook Negative

(The following statement was released by the rating agency) RIO DE JANEIRO/SAO PAULO, July 01 (Fitch) Fitch Ratings, Rio de Janeiro/Sao Paulo, 01 July 2015: Fitch Ratings has today affirmed the Issuer Default Ratings (IDRs), National Ratings, Viability Rating (VR), Support Rating (SR) and Support Rating Floor (SRF) of Banco do Brasil S.A. (BdB). A full list of rating actions is at the end of this press release. KEY RATING DRIVERS IDRS, NATIONAL RATINGS AND SENIOR DEBT BdB's IDRs, National a

Banco do Brasil turning more conservative as economy deteriorates

SAO PAULO, May 15 - Banco do Brasil SA, the nation's largest bank by assets, said on Friday that efforts to reclassify some credits in its loan book were not solely related to a pick-up in defaults but to a more conservative approach as the economy loses traction.

Banco do Brasil sees default ratio stable through the year

SAO PAULO, May 14 - Loan delinquencies at Banco do Brasil SA should remain more or less stable at around current levels, Chief Financial Officer José Maurício Pereira Coelho said on Thursday.

UPDATE 1-Banco do Brasil slightly misses profit forecast on provisions

SAO PAULO, May 14 - State-controlled Banco do Brasil SA slightly missed first-quarter profit estimates on Thursday as loan-loss provisions soared amid an economic downturn and as an unexpected fall in fee income offset a decline in expenses.

Banco do Brasil slightly misses profit forecast on provisions

SAO PAULO, May 14 - State-controlled Banco do Brasil SA, the nation's largest bank by assets, slightly misses first-quarter profit estimates on Thursday in the wake of a stronger-than-expected surge in loan-loss provisions.

Banco do Brasil merges retail banking unit with human resources

SAO PAULO, April 6 - Banco do Brasil SA on Monday merged a division overseeing human resources into its retail banking unit in a move to raise efficiency as Latin America's largest economy faces a challenging outlook.

UPDATE 1-Banco do Brasil cuts outlook for fee income on Cielo partnership

RIO DE JANEIRO, Feb 27 - Brazil's state-controlled commercial bank Banco do Brasil SA said on Friday it cut its outlook for fee income as a result of a partnership with Cielo SA, Brazil's largest credit and debt card operator.

Banco do Brasil cuts outlook for fee income on Cielo partnership

RIO DE JANEIRO, Feb 27 - Brazil's state-controlled commercial bank Banco do Brasil SA said on Friday it cut its outlook for fee income as a result of a partnership with Cielo SA, Brazil's largest credit and debt card operator.

Banco do Brasil looks most exposed to Petrobras probe, UBS says

SAO PAULO, Feb 23 - Fallout from a corruption scandal at Brazil's state-controlled oil producer could hurt Banco do Brasil SA more than any other large bank, though quantifying damage from potential loan losses is difficult, UBS Securities said on Monday.

Banco do Brasil 'relaxed' about exposure to oil, gas sector-CEO

SAO PAULO, Feb 11 - Banco do Brasil is not worried about its exposure to the oil and gas sector, hit by a massive corruption scandal at state-run oil company Petrobras, new chief executive Alexandre Abreu said on Wednesday.

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