Banco do Brasil to raise Oi-related provisions, source says

Banco do Brasil to raise Oi-related provisions, source says

2:11 PM
SAO PAULO (Reuters) - State-controlled Banco do Brasil SA, the nation's largest lender by assets, plans to book additional loan-loss provisions of 650 million reais ($192 million) due to a decision by phone carrier Oi SA to seek bankruptcy protection this week, a source with direct knowledge of the situation said.


from Reuters: Technology News http://ift.tt/28O5xqI
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