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Banco do Brasil eyes 26% profit surge by 2026
12 Feb
Summary
- Banco do Brasil anticipates profit growth up to 26% by 2026.
- Fourth-quarter net profit surged 40% year-on-year.
- The bank will distribute 1.2 billion reais in interest to shareholders.
Banco do Brasil is optimistic about its financial future, forecasting adjusted net profit growth of up to 26% by the end of 2026. This projection aims for a net profit between 22 and 26 billion reais for the year.
The lender's strong performance was evident in its fourth-quarter results, where adjusted net profit reached 5.74 billion reais, a 40% increase compared to the same period last year. This outpaced analyst expectations.
Further demonstrating its financial health, Banco do Brasil announced it will distribute approximately 1.2 billion reais in interest on equity to its shareholders. The bank also expects its credit portfolio to grow between 0.5% and 4.5% this year.
