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Lender Banco do Brasil posts 8% profit increase, higher loan-loss outlook

By Yahoo! Finance   |   Nov 13, 2024 at 06:14 PM EST
Lender Banco do Brasil posts 8% profit increase, higher loan-loss outlook

Brazil's state-run lender Banco do Brasil reported an 8.3% rise in Q3 adjusted net profit, exceeding analyst expectations. Despite increased provisions for loan losses, the bank's total assets and loan book also grew.

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