Itau has no plans for additional provisions, CEO says

martes 3 de febrero de 2015 10:24 GYT
 

SAO PAULO Feb 3 (Reuters) - Itau Unibanco Holding SA has no plans to set aside extraordinary loan-loss provisions in the short term, Chief Executive Officer Roberto Setubal said on Tuesday, suggesting he is comfortable with provisions despite a deteriorating climate for the economy.

Guidance for provisions between 13 billion reais and 15 billion reais ($4.8 billion - $5.5 billion) this year "assume all potential scenarios for a difficult year," Setubal said at an event to discuss fourth-quarter earnings.

($1 = 2.7 reais) (Reporting by Guillermo Parra-Bernal; Editing by Chizu Nomiyama)