Bradesco Q2 profit rose 16.2% to US$1.38 billion, but the cost of credit climbed faster and bad loans edged up to 4.3% of the book.
Earnings · Brazil
Key Facts
—A tenth straight rise. Bradesco Q2 profit reached R$7.05 billion (US$1.38 billion), up 16.2% on the year and the tenth consecutive quarterly increase.
—Returns back in the teens. Return on equity came in near 16.2%, some 1.6 percentage points higher than a year earlier and 0.4 points above the first quarter.
—The loan book keeps growing. Credit reached R$1.14 trillion (US$222 billion) at the end of June, up 11.6% on the year and 4.3% in three months.
Resultado veio em linha com o esperado pelo mercado
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