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Brazil's BTG sees net income climb 52% in Q1

05/11/2021 05:12
Brazil's BTG sees net income climb 52% in Q1

- Brazilian bank BTG Pactual SA BPAC11.SA on Tuesday reported a first-quarter net income of 1.197 billion reais ($229.14 million), up 51.7% from a year earlier, driven by growth in most of its business units.

BTG's return on equity, a gauge of profitability, was at 16.8%%, a drop of 2.3 percentage points from the previous quarter.



($1 = 5.2238 reais)


(Reporting by Carolina Mandl, editing by Louise Heavens)

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