Itau Unibanco Q2 Profits Jump as Provisions Fall

Itau Unibanco Q2 Profits Jump as Provisions Fall

Itau Unibanco reported a net income increase of 55.6% to BRL 6.54bn ($1.26bn) in Q2, boosted by a sharp drop in provisions for pandemic-related bad loans, roughly in-line with forecasts of BRL 6.42bn ($1.24bn), according to Refinitiv. Itau’s provision for loan losses...
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