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Bradesco Q2 Profit Hits US$1.4 Billion as Bad Loans Rise
['Juan Martinez']
The Rio Times
Bradesco Q2 profit reached R$7.05 billion (US$1.38 billion), up 16.2% on the year and the tenth consecutive quarterly increase.
The expanded cost of credit rose 22.6% to R$10.0 billion (US$1.95 billion) — faster than profit grew.
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Controlling shareholders have committed up to R$8 billion (US$1.56 billion), and the shares were priced about 6% below the pre-announcement price.