BRIEF-Gemdale's Q1 net profit up 160.2 pct y/y
* Says Q1 net profit up 160.2 percent y/y at 870.8 million yuan ($126.32 million)
SAO PAULO Dec 2 State-controlled Banco do Brasil SA is considering curbing offshore lending activity as the nation's largest bank tries to boost returns and focus on its home turf, Chief Executive Officer Paulo Rogêrio Caffarelli said on Friday.
Caffarelli, speaking at an event with the bank's shareholders in São Paulo, said as much as half of outstanding loans made offshore could not be renewed. Ongoing efforts to reduce the bank's branch network and staff are likely to impact results as early as next year. (Reporting by Guillermo Parra-Bernal)