May 4, 2017 / 1:26 PM / a year ago

Meeting Itaú's annual guidance looks feasible, CEO says

SAO PAULO, May 4 (Reuters) - Itaú Unibanco Holding SA will be able to meet operational targets for this year, as a gradual pickup in demand for certain types of credit and an economic recovery are expected to offset potential loan-loss cases, Chief Executive Officer Candido Bracher said on Thursday.

Bracher said on a conference call to discuss first-quarter results that growth in interest and fee income, non-interest expenses and lending will come in within targeted ranges for the year. He also expects loan-loss provisions around the mid-point of a goal range of 14.5 billion reais to 17 billion reais ($4.56 billion to $5.35 billion) for the year.

$1 = 3.1778 reais Reporting by Guillermo Parra-Bernal; Editing by Chizu Nomiyama

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