November 8, 2018 / 9:33 AM / in 13 days

Banco do Brasil 3Q results in line with estimates on lower provisions

SAO PAULO, Nov 8 (Reuters) - State-controlled lender Banco do Brasil SA posted on Thursday third-quarter profit roughly in line with analysts’ expectations, helped by lower loan-loss provisions.

Recurring net income, which excludes one-time items, came in at 3.402 billion reais ($911.65 million), up 25.6 percent from a year earlier and 2 percent above a consensus estimate compiled by Refinitiv of 3.334 billion reais.

$1 = 3.7317 reais Reporting by Carolina Mandl; Editing by Mark Potter

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