February 14, 2019 / 9:30 AM / 2 months ago

Banco do Brasil beats Q4 profit estimates on lower provisions

SAO PAULO, Feb 14 (Reuters) - State-controlled lender Banco do Brasil SA beat fourth-quarter profit estimates as loan-loss provisions declined sharply and fee income increased.

Banco do Brasil reported a recurring net income of 3.845 billion real ($1.02 billion), 6.5 percent above average analysts’ consensus by Refinitiv and up 20.6 percent year on year.

$1 = 3.7543 reais Reporting by Carolina Mandl Editing by Edmund Blair

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