News
15 May 2018

BNDES profit rises with sale of Petrobras shares

Region:
Americas

Brazilian state-run development bank BNDES posted an increase in profits in the first quarter as it reversed loan-loss provisions and sold shares in oil giant Petrobras. The lender reported net income of 2.06 billion reais ($56.98 billion) for the quarter, more than five times its year-ago profit...

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