Banco do Brasil SA (BBAS3.SA)
25 May 2018
R$ -0.64 (-2.08%)
Fri, May 25 2018
SAO PAULO, May 25 Brazilian conglomerate Odebrecht SA's will use part of a 2.6 billion reais ($709.96 million) bank loan to repay a loan in arrears with state-controlled bank Banco do Brasil SA, two sources with knowledge of the matter told Reuters.
* BANCO DO BRASIL SAYS CHANGES IN PAYOUT RATIO DUE TO OUTLOOK FOR CREDIT GROWTH AND CAPITAL
SAO PAULO, May 10 Shares in Banco do Brasil SA were down 3.3 percent in midday trading Thursday, although the state-controlled bank beat profit estimates and announced a higher payout ratio.
* BANCO DO BRASIL CEO SAYS HE BELIEVES DEFAULT RATIO WILL MAINTAIN DOWNWARD TREND
SAO PAULO, May 10 Banco do Brasil SA beat first-quarter profit estimates on Thursday as a fall in defaults led the country's largest state-controlled bank to post lower loan-loss provisions.
SAO PAULO, April 12 Brazilian state-owned lender Banco do Brasil will seek an expansion of its credit card portfolio by issuing cards to non-clients, a top executive told Reuters on Thursday.
SAO PAULO, March 26 Brazilian state-controlled oil company Petróleo Brasileiro SA said on Monday it has hired a 2 billion real ($606 million) credit line from state lender Banco do Brasil SA expiring in Feb. 2023.
SAO PAULO, Feb 22 Shares in Banco do Brasil rose on Thursday after the state-controlled bank reported a surge in quarterly earnings, and said it would seek a core capital ratio of at least 11 percent in 2022, with a target of 12 percent.
RIO DE JANEIRO, Feb 22 Executives at Banco do Brasil SA said on Thursday that the state-controlled bank would seek at least an 11 percent core capital ratio in 2022, with the possibility of reaching 12 percent depending on its loan book. In a press conference following strong fourth quarter earnings, Chief Executive Officer Paulo Rogêrio Caffarelli also said the default ratio would be lower this year compared to 2017. (Reporting by Carolina Mandle and Aluisio Alves Editing by Chizu N
SAO PAULO, Feb 22 Banco do Brasil beat fourth-quarter profit forecasts as loan loss provisions fell, the state-controlled bank said on Thursday.