Banco do Brasil achieves BRL 17.3 bi profit in first semester
Maintaining its annual profit projection within the range of BRL 33 billion to BRL 37 billion, Banco do Brasil has accomplished a remarkable feat in the initial six months of the year. The financial institution attained a net profit of BRL 17.3 billion from January to June, showcasing a surge of 19.5 percent when compared to the corresponding period in the prior year.The bank attributed this surge in profits to multiple factors, notably the expansion of the credit portfolio crafted to mitigate default risks. Additionally, a diverse array of revenues, primarily stemming from services and a control over expenses played pivotal roles in this achievement.By the conclusion of June, the extended credit portfolio had reached BRL 1.045 trillion, demonstrating an ascension of 13.6 percent in co...