May 3, 2018 / 2:57 PM / 20 days ago

Brazil's BTG Pactual increases funding in reais by 37 pct in Q1

SAO PAULO, May 3 (Reuters) - Brazil’s Banco BTG Pactual SA Chief Executive Officer, Roberto Sallouti, said on Thursday that its funding in local currency grew by 37 percent in the first quarter, a sign that investors may be recovering confidence in the bank.

On Wednesday, BTG reported recurring net income of 661 million reais ($185 million) in the first quarter 22 down from a year earlier.

$1 = 3.5556 reais Reporting by Carolina Mandl

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