July 26, 2018 / 8:58 AM / 4 months ago

Brazil's Banco Bradesco beats Q2 earnings estimates

SAO PAULO, July 26 (Reuters) - Brazil’s second largest private lender Banco Bradesco SA beat second quarter net income estimates on Thursday, as loan-loss provisions declined.

Bradesco reported recurring net income of 5.161 billion reais ($1.4 billion), 2.1 percent above a Reuters consensus estimate of 5.056 billion reais and 9.7 percent higher than a year earlier. The bank’s loan book grew 6 percent in the quarter, reaching 515.6 billion reais.

$1 = 3.6879 reais Reporting by Carolina Mandl; Editing by Susan Fenton

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