Default ratio at Brazil's Bradesco to fall slightly - CFO

Reuters

SAO PAULO, Oct 21 (Reuters) - Loan delinquencies atBrazilian lender Banco Bradesco SA are likely todecline slightly in coming months and stabilize there, ChiefFinancial Officer Luiz Carlos Angelotti said on Monday.

Loan defaults for 90 days or more, the industry's benchmarkfor delinquencies, slipped in the third quarter to 3.6 percentof outstanding credit from 3.7 percent in the second quarter,the bank said in a statement earlier in the day. Analysts at aThomson Reuters poll had expected the ratio to remain stable.

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