(Repeats story to additional customers with no change to text)
SAO PAULO, July 31 (Reuters) - Second-quarter profit at Itaú Unibanco Holding SA beat expectations, as Brazil’s largest bank by assets cut provisions amid declining corporate defaults and smaller bad loan writedowns.
In a securities filing on Monday, Itaú said recurring net income, or profit before one-time items, totaled 6.169 billion reais ($2 billion) last quarter, slightly down from 6.176 billion reais in the prior three months. The number surpassed average consensus estimate of 6.053 billion reais for the indicator.
$1 = 3.1268 reais Reporting by Guillermo Parra-Bernal; Editing by Chris Reese