Banco Do Brasil SaBMFBOVESPA: BBAS11

Banco do Brasil: 2024 profit guidance cut amid agribusiness stress; capital and liquidity remain strong

· Issued by Banco Do Brasil SA

Management revised 2024 profit guidance to BRL 18–21 billion due to higher agribusiness provisions, with confidence in delivering around BRL 20 billion net profit. Capital ratios remain robust, and a 30% payout is planned for next year, while lower tax rates are expected to persist.

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