SAO PAULO Feb 16 Profitability will come first
over market share position for Banco do Brasil SA, as part of
efforts to reduce an existing return-on-equity gap with
private-sector peers, Chief Executive Officer Paulo Rogêrio
Caffarelli said on Thursday.
In an event to discuss fourth-quarter results, Caffarelli
said interest income at the state-controlled bank is expected to
grow faster than the average of rivals this year. Caffarelli's
comments helped shares reverse early losses, and the
stock was adding 1.3 percent to 32.27 reais in midmorning
trading in São Paulo.
(Reporting by Guillermo Parra-Bernal; Editing by Chizu