February 17, 2017 / 12:30 PM / a year ago

Banco do Brasil seeks faster digital banking rollout to fan returns

SAO PAULO, Feb 17 (Reuters) - Banco do Brasil SA will accelerate the rollout of digital banking products for 63 million clients as a way to boost profitability and reduce operational costs, Chief Executive Officer Paulo Rogêrio Caffarelli said on Friday.

In a conference call to discuss fourth-quarter results, Caffarelli reiterated that the state-controlled lender will focus solely on cutting the return on equity gap it has with private-sector lenders. (Reporting by Guillermo Parra-Bernal)

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