Itau has no plans for additional provisions, CEO says
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)
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