Itau Unibanco sees tough 2009
(For other news from the Reuters Latin American Investment Summit, click here)
* Tough 2009 for results on default rates, slower lending
* Bank sees no takeover targets, despite global crisis
* CEO sees Brazil benchmark Selic rate below 9 pct in 2009
(Adds takeover opportunities, Latin expansion, bond sales)
By Elzio Barreto
SAO PAULO, Brazil, May 7 (Reuters) - Itau Unibanco (ITAU4.SA: Quote, Profile, Research)ITU.N, Latin America's largest bank by assets, foresees a tough 2009 as growth in its credit portfolio slows sharply and default rates grow, Chief Executive Roberto Setubal said in an interview on Thursday.
"Evidently, it won't be a fantastic year in terms of results," Setubal said at the Reuters Latin American Investment Summit in Sao Paulo. Continued...
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