March 14, 2018 / 1:50 PM / 8 months ago

Brazil's BNDES posts slight fall in net profit in 2017

SAO PAULO, March 14 (Reuters) - Brazilian state development bank BNDES reported a 2017 net profit of 6.18 billion reais ($1.90 billion) on Wednesday, down about 3 percent from the year before.

BNDES said its results were helped by the improving performance of its equity investments, but hurt by a strong fall in profit in its financial intermediation business.

$1 = 3.25 reais Reporting by Gram Slattery Editing by Chizu Nomiyama

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