Edition:
India

Banco do Brasil SA (BBAS3.SA)

BBAS3.SA on Sao Paulo Stock Exchange

52.00BRL
19 Jul 2019
Change (% chg)

R$ -0.66 (-1.25%)
Prev Close
R$ 52.66
Open
R$ 52.25
Day's High
R$ 52.95
Day's Low
R$ 52.00
Volume
8,849,700
Avg. Vol
11,245,714
52-wk High
R$ 55.91
52-wk Low
R$ 26.76

Latest Key Developments (Source: Significant Developments)

Banco do Brasil CEO says there is room for higher profitability
Thursday, 9 May 2019 

May 9 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL CEO NOVAES SAYS BANK IS LIKELY TO REACH THE TOP RANGE OF ITS GUIDANCE FOR ALL ESTIMATES GIVEN.BANCO DO BRASIL CEO SAYS BANK INTENDS TO SELL ITS STAKE IN REINSURANCE CO IRB, BUT THERE IS NO DATE SET FOR IT.BANCO DO BRASIL CEO SAYS BANK HAS ALREADY HIRED ADVISORS TO SELL BB AMERICAS, BANCO PATAGONIA AND IRB.BANCO DO BRASIL CEO SAYS BANK HAS ALSO HIRED ADVISORS TO EXPLORE DEALS WITH ITS BROKERAGE AND INVESTMENT BANK UNITS.BANCO DO BRASIL CEO SAYS PRESIDENT BOLSONARO 'WAS JUST KIDDING' WHEN ASKED BANK TO REDUCE INTEREST RATES.BANCO DO BRASIL CEO SAYS BANK IS INDEPENDENT TO SET ITS INTEREST RATES.BANCO DO BRASIL CEO SAYS MARGINS ARE LIKELY TO BE UNDER PRESSURE AMID COMPETITION WITH FINTECHS.BANCO DO BRASIL CEO SAYS THERE IS ROOM FOR HIGHER PROFITABILITY IN THE COMING QUARTERS.BANCO DO BRASIL CEO RULES OUT DELISTING CARD PROCESSOR CIELO.  Full Article

Iberdrola will keep control of Brazil's Neoenergia after planned IPO
Thursday, 25 Apr 2019 

April 25 (Reuters) - Iberdrola chairman and CEO Ignacio Sanchez Galan, said: :Iberdrola's intention is to keep a majority stake after eventual IPO of Brazilian unit Neoenergia.  Full Article

Brazil's Petrobras to use cash position for early debt repayment
Monday, 18 Mar 2019 

March 18 (Reuters) - Petroleo Brasileiro SA Petrobras ::BRAZIL'S OIL COMPANY PETROBRAS SAYS TO USE PART OF ITS CASH POSITION FOR EARLY REPAYMENT OF 7 BILLION REAIS TO BANCO DO BRASIL.Further company coverage: PETR4.SA.  Full Article

Banco do Brasil CFO expects higher margins on consumer loans
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL EXEC SAYS HIGHER REVENUES FROM SERVICES WILL BE BANK'S MAIN SOURCE OF PROFITABILITY IN COMING YEARS.BANCO DO BRASIL EXEC SAYS EXPECTS IMPROVEMENT IN CREDIT SPREADS ON PERSONAL LOANS IN FUTURE QUARTERS.BANCO DO BRASIL EXEC SAYS EXPECTS IMPROVEMENT IN DELINQUENCY RATES RELATED TO CORPORATE LOANS MORE THAN 90-DAYS OVERDUE.  Full Article

Banco do Brasil CFO says fee income likely to grow above inflation in 2019
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL CFO SAYS FEE INCOME LIKELY TO GROW ABOVE INFLATION IN 2019.BANCO DO BRASIL CFO SAYS OPERATIONAL EXPENSES LIKELY TO GROW IN LINE WITH INFLATION NEXT YEAR.  Full Article

Banco do Brasil's CEO says bank still pursuing higher profitability
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL'S CEO SAYS BANKS STILL PURSUING PROFITABILITY CLOSER TO PRIVATE PEERS.BANCO DO BRASIL'S CEO SAYS THERE IS STILL ROOM FOR A LOWER DEFAULT RATIO.BANCO DO BRASIL'S CEO SAYS LOAN BOOK GROWTH SHOULD BE SIMILAR TO PRIVATE PEERS IN 2019.BANCO DO BRASIL'S CEO SAYS DIVIDENDS SHOULD BE AT THE TOP OF THE RANGE IN 2018.BANCO DO BRASIL'S CEO SAYS HE HAS NOT YET BEEN INVITED TO CONTINUE AT THE BANK BY PRESIDENT-ELECT.BANCO DO BRASIL'S CEO SAYS BANK SHOULD REACH PROFITABILITY SIMILAR TO PRIVATE PEERS IN TWO YEARS.BANCO DO BRASIL'S CEO SAYS BANK HAS BEEN STUDYING PARTNERSHIPS IN BROKERAGE AND INVESTMENT BANKING.  Full Article

BNDES CEO says clear bank should not have lent almost $1 bln to Cuba, Venezuela
Tuesday, 18 Sep 2018 

RIO DE JANEIRO, Sept 18 (Reuters) - Banco Nacional de Desenvolvimento Economico e Social BNDES [RIC:RIC:BNDES.UL]::DISBURSEMENTS AT BRAZILIAN STATE DEVELOPMENT BANK BNDES HAVE FALLEN CLOSE TO 10 PERCENT IN JAN-AUG PERIOD FROM SAME PERIOD LAST YEAR -CEO DYOGO OLIVEIRA.BRAZIL'S BNDES LOOKING FOR WAYS TO RESTART REGULAR REPAYMENT OF LOANS EXTENDED TO CUBA; CUBA HAS OUTSTANDING BALANCE OF ALMOST $600 MILLION -CEO OLIVEIRA.BRAZIL'S BNDES SAYS ALTERNATIVES FOR LOANS EXTENDED TO CUBA DO NOT NECESSARILY MEAN RESTRUCTURING -OLIVEIRA.BRAZIL'S BNDES SAYS DELAYS IN DEBT REPAYMENTS FROM CUBA ARE NOT AN ISSUE IN TERMS OF RESULTS OR PROVISIONS -OLIVEIRA.BNDES CEO OLIVEIRA SAYS INCREASINGLY CLEAR BANK SHOULD NOT HAVE EXTENDED LOANS TO CUBA AND VENEZUELA; COMBINED OUTSTANDING BALANCE ALMOST $1 BILLION.BRAZIL'S BNDES ALONG WITH OTHER STATE BANKS WILL LAUNCH PROGRAM TO PROMOTE SOLAR POWER NEXT WEEK -CEO OLIVEIRA.  Full Article

Banco Do Brasil Says Corporate Loans To Help Meet Loan Growth Target
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL CEO CAFFARELLI SAYS BANK SEEKING TO BRING PROFITABILITY TO THE LEVEL OF BRAZILIAN PRIVATE BANKS.BANCO DO BRASIL'S CAFFARELLI SAYS SECOND HALF OF THE YEAR WILL BE STRONGER IN TERMS OF LOANS, INCLUDING CORPORATE LOANS.BANCO DO BRASIL'S CAFFARELLI SAYS BANK IS COMFORTABLE WITH CAPITAL RATIO TARGETS FOR 2019.BANCO DO BRASIL'S CFO ROTHE SAYS CORPORATE LOANS WILL HELP BANK MEET TARGET FOR LOAN GROWTH.BANCO DO BRASIL'S CFO ROTHE SAYS MARGINS TO IMPROVE IN 2019.BANCO DO BRASIL'S CAFFARELLI SAYS BANK WILL INCREASE CAPITAL RATIO BY GENERATING FUTURE PROFITS.BANCO DO BRASIL'S CAFFARELLI SAYS PROFITABILITY IS MORE IMPORTANT THAN MARKET SHARE.BANCO DO BRASIL'S CAFFARELLI SAYS BANK WILL SELL 120,000 CARD READER MACHINES IN 2018.BANCO DO BRASIL'S CAFFARELLI SAYS BANK STILL CONSIDERING BANCO PATAGONIA IPO.BANCO DO BRASIL'S CAFFARELLI SAYS CIELO HAS TO ADJUST TO DIGITAL CHANGES TO PROTECT ITSELF FROM NEWCOMERS.BANCO DO BRASIL'S CAFFARELLI SAYS THERE IS NO PLAN TO DELIST CIELO.BANCO DO BRASIL'S CAFFARELLI SAYS 90-DAY DEFAULT RATIO LIKELY TO IMPROVE DUE TO WRITEOFFS IN THE CORPORATE SEGMENT.  Full Article

Mapfre Updates Terms Of Strategic Alliance With Banco Do Brasil‍​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Mapfre SA ::SIGNS NON-BINDING MEMORANDUM OF UNDERSTANDING (MOU) TO UPDATE TERMS OF THE STRATEGIC ALLIANCE BETWEEN MAPFRE AND BANCO DO BRASIL‍​.TO OWN 100 PERCENT (CURRENTLY 50 PERCENT) OF BUSINESS GENERATED BY AGENCY NETWORK, AUTOMOBILE AND LARGE RISKS BUSINESS IN BB BANK CHANNEL.SAME CURRENT SHAREHOLDER CONFIGURATION FOR LIFE AND AGRICULTURE INSURANCE TO BE MAINTAINED.TO KEEP EXCLUSIVITY IN BANCO DO BRASIL BANK CHANNEL FOR ALL THE BUSINESSES IN SCOPE OF THE ALLIANCE.  Full Article

Banco do Brasil sees better profitability, loan book in 2018
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Banco do Brasil SA ::BANCO DO BRASIL SAYS IT EXPECTS FEWER LOAN LOSS PROVISIONS IN 2018 -PRESENTATION.BANCO DO BRASIL SAYS FEE REVENUE LIKELY TO GROW ABOVE INFLATION IN 2018 -PRESENTATION.BANCO DO BRASIL SAYS ADMINISTRATIVE EXPENSES TO GROW BELOW INFLATION IN 2018 -PRESENTATION.BANCO DO BRASIL SAYS ITS PROFITABILITY SHOULD IMPROVE IN 2018 -PRESENTATION.BANCO DO BRASIL SAYS THE QUALITY OF ITS LOAN BOOK SHOULD IMPROVE GRADUALLY IN 2018 -PRESENTATION.  Full Article

Brazil's reinsurer IRB confirms 2.3 bln share offering, shares fall

SAO PAULO, July 11 Brazilian reinsurer IRB Brasil Resseguros SA said in a securities filing late on Wednesday that shareholders BB Seguridade Participações and the Brazilian Treasury will sell their stakes in the company in a share offering.