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Banco do Brasil’s Q3 Profits Down 23.3 Percent as Default Reserves Grow Apace

RIO DE JANEIRO, BRAZIL - Banco do Brasil's adjusted profit - which does not consider extraordinary items - has reached R$3.5 billion (US$700 million) in the third quarter this year, a drop of 23.3 percent compared to the same period in 2019. The downtrend was once again pushed by additional provisions, or reserves against default, which rose 40.5 percent, to R . . .

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