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Banco do Brasil's Caffarelli sees defaults stabilizing by year-end

SAO PAULO May 11 Default indicators at state-controlled lender Banco do Brasil SA will fluctuate this quarter in light of loan book quality problems, and start stabilizing in the second half of this year, Chief Executive Officer Paulo Caffarelli said on Thursday.

(Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)

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