February 22, 2018 / 10:30 AM / 7 months ago

Banco do Brasil beats Q4 estimates on lower provisions

SAO PAULO, Feb 22 (Reuters) - Banco do Brasil beat fourth-quarter profit forecasts as loan loss provisions fell, the state-controlled bank said on Thursday.

Recurring net income, which excludes one-time items, jumped 82.5 percent to 3.188 billion reais, topping the 2.804 billion expected by analysts.

The Brasilia-based lender's loan book grew 0.6 percent amid Brazil's slow economic recovery. (Reporting by Carolina Mandl; editing by Jason Neely)

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