Banco Itaú 2020 Q2 Net Profit Slumps 40 Percent, to R$4.2 Billion

The Bank also reported a 71.6 percent increase in provisions for default compared to last year, reaching R$7.561 billion.

RIO DE JANEIRO, BRAZIL - Itaú's recurring net profit was down 40.2 percent in Q2 2020, compared to the same period last year, to R$4.205 billion (US$841 million). Against the previous quarter (Q1), profit increased by 7.5 percent. The result was in line with analysts . . .

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