February 1, 2018 / 4:59 PM / 6 months ago

Bradesco chose to be conservative on loan-loss expense guidance- executive

SAO PAULO, Feb 1 (Reuters) - Brazil’s Banco Bradesco said that it chose to be conservative on its guidance for loan-loss expenses released on Thursday.

Carlos Firetti, Bradesco’s head of investors relations, said the bank decided to target a reduction in provisions of 3 billion reais ($947 million) from last year’s 21 billion reais, considering the economic recovery has just started. ($1 = 3.1690 reais) (Reporting by Carolina Mandl)

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