São Paulo – The Bank of Brazil registered net profit of 10.15 billion Brazilian reals (US$ 5.6 billion) in 2009, growth of 15.3% over the result for 2008. The figures were disclosed today (25) in the city of São Paulo by the organisation’s president, Aldemir Bendine, at a press conference.
The bank’s financial reserves totalled 65.3 billion reals (US$ 35.7 billion) in 2009, 11.9% over the total in the previous year. Of this total, 41.7 billion reals (US$ 22.8 billion) came from credit operations, growth of 21% over the 2008 result (R$ 34.5 billion – US$ 18.9 billion).
*Translated by Mark Ament
