Brazil's Bradesco sees stable provisions for coming quarters

Reuters

SAO PAULO, Oct 22 (Reuters) - Banco Bradesco SA,Brazil's No. 2 private-sector bank, expects provisions on badloans this quarter to stay around levels seen in the thirdquarter.

The bank, which set aside about 2.881 billion reais ($1.33billion) from earnings in the July-to-September quarter to coveroverdue credit, is likely to "see the indicator fluctuatingaround this number," Chief Financial Officer Luiz CarlosAngelotti said on a conference call on Tuesday.

Management cut provisions on bad loans for the fifthstraight quarter as loan delinquencies fell, especially inconsumer lending. The reduction in provisions, which directlyboosts earnings by freeing up capital, was 7 percent on aquarter-on-quarter basis and 13 percent from a year earlier.

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