March 27, 2018 / 3:11 PM / 4 months ago

Brazil's Caixa predicts stable loan book in 2018

SAO PAULO, March 27 (Reuters) - Brazilian state-owned lender Caixa Economica Federal expects to maintain its loan book stable in 2018, as the bank faces capital requirements restrictions to expand, Chief Executive Officer Gilberto Occhi said in a press conference on Tuesday.

Caixa announced recurring net income of 8.6 billion reais ($2.58 billion) last year and its capital ratio reached 17.7 percent in the fourth quarter.

$1 = 3.3292 reais Reporting by Carolina Mandl; Writing by Tatiana Bautzer, Editing by Franklin Paul

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