Banco do Brasil SA (BBAS3.SA)
22 Feb 2018
|Market Cap(Mil.):||R$ 121,493.70|
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.
* SIGNS NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) TO UPDATE TERMS OF THE STRATEGIC ALLIANCE BETWEEN MAPFRE AND BANCO DO BRASIL
RIO DE JANEIRO, Feb 2 Brazilian pension fund Caixa de Previdencia dos Funcionarios do Banco do Brasil, known as Previ, is sticking to its plans for an initial public offering of power holding company Neoenergia SA, the fund's Chief Executive Officer Geitiro Genso said on Friday.
SAO PAULO, Feb 1 Brazilian steelmaker Cia Siderúrgica Nacional will renegotiate debt owed to lenders Banco do Brasil SA and Caixa Econômica Federal.
SAO PAULO, Jan 30 Brazil's Finance Minister Henrique Meirelles on Tuesday said economic reforms, reduction of the state's presence in the economy and higher productivity may boost the country's growth rate to between 3.5 percent and 4 percent.
BUENOS AIRES/SAO PAULO, Jan 12 Banco do Brasil plans to wait for better market conditions before listing shares of Banco Patagonia, in which it has a majority stake, the CEO of Brazil's state-run bank told Banco Patagonia board members on Friday, two sources familiar with the matter said.
SAO PAULO, Jan 4 The volume of Banco Santander Brasil's farm loans rose about 44 percent last year as the Spanish bank's local unit grew its presence in the country's booming agribusiness sector, an executive said on Thursday.
SAO PAULO/BRASILIA Brazil's strongest year for initial public offerings since 2013 finished on a flat note this week as one company canceled its plans and what promised to be 2017's biggest listing priced at the bottom of the range.