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The company said in a securities filing it now expects full-year adjusted net profit to reach between 27 billion reais and 30 billion reais ($5.30 billion-$5.89 billion), up from 23-26 billion reais in the previous forecast.
The move came even as Banco do Brasil projected higher provisions for bad credit, which are now seen reaching between 14 billion and 17 billion reais this year, from the 13-16 billion range previously estimated.
In the second quarter, Banco do Brasil reported a 38% net profit increase from a year earlier to 7.62 billion reais, beating expectations of 6.48 billion from analysts polled by Refinitiv.
($1 = 5.0947 reais)
