Banco do Brasil places some 2025 projections under review after profit miss
ReutersMay 15, 2025 10:05 PM
SAO PAULO, May 15 (Reuters) - Lender Banco do Brasil BBAS3.SA said on Thursday it has placed its 2025 projections for net interest income, cost of credit and adjusted net income under review, citing factors such as the worsening in the delinquency of its agribusiness credit book.
The announcement came as the state-run bank reported an adjusted net profit of 7.37 billion reais ($1.30 billion) for the first quarter, down 20.7% year-on-year and below the 9.23 billion reais expected by analysts polled by LSEG.
($1 = 5.6817 reais)
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