September 13, 2018 / 12:34 PM / 3 months ago

Banco do Brasil may incur in $72 mln in additional health insurance costs in 2018

SAO PAULO, Sept 13 (Reuters) - State-controlled Banco do Brasil said in a securities filing on Thursday that it may incur an additional 300 million reais ($72 million) in costs in 2018 related to employee’s health insurance.

The bank said these expenses depend on employees approval to changes in the health insurance bylaws. That would not change Banco do Brasil’s expenses target for this year, according to the filing.

$1 = 4.1526 reais Reporting by Carolina Mandl

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