Banco do Brasil SA (BBAS3.SA)
25 May 2018
R$ -0.64 (-2.08%)
|Market Cap(Mil.):||R$ 86,220.40|
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, May 7 Brazilian financial startup Neon Pagamentos SA said on Monday it has formed a partnership with Banco Votorantim SA, seeking to quickly normalize operations with its 600,000-client base after suffering a regulatory blow last week.
RIO DE JANEIRO Top Brazilian funds and banks like Itaú Unibanco Holding SA, Banco Bradesco SA and Banco Santander Brasil SA have joined a collective arbitration action against Petróleo Brasileiro SA seeking compensation for graft at the state-controlled oil giant, a newspaper report said on Thursday.
RIO DE JANEIRO, May 3 Top Brazilian funds and banks like Itaú Unibanco Holding SA, Banco Bradesco SA and Banco Santander Brasil SA have joined a collective arbitration action against Petróleo Brasileiro SA seeking compensation for graft at the state-controlled oil giant, a newspaper report said on Thursday.
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.