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

About this update from 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.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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