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Banking

Banco do Brasil's profits up 72.6%

Publication: BIS - Business Information Systems

Provider: Business Information Systems

Date: November 15, 2005

Banco do Brasil registers BRL 1.438 bln net profits

The Brazilian commercial bank Banco do Brasil registered net profits of BRL 1.438 billion in the third quarter of 2005, a growth of 72.6 percent compared with equal period of 2004. The performance beat the expectation of analyst, and the bank showed annualized return on stockholders equity of 40.8 percent. From January to September 2005 Banco do Brasil accumulated BRL 3.417 billion revenues, by 51.6 percent BIS - Business Information Systems

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