SAO PAULO Jan 9 Shares in Banco do Brasil SA
took their biggest plunge in almost a month on Monday after the
country's largest bank by assets cut estimated profitability
targets and raised loan-loss provision metrics for 2016.
Shares of the state-controlled bank, which led
losses in Brazil's benchmark Bovespa stock index, fell as much
as 4.3 percent to 27.63 reais in early trading. The bank on
Saturday said provisions probably ended last year between 4.5
percent and 4.6 percent of average loan book, from a prior
interval of 4 percent to 4.4 percent.
(Reporting by Bruno Federowski)