SAO PAULO, Feb 9 (Reuters) - Banco Bradesco SA , Brazil's second-largest lender, reported a 75.9%
dive in its fourth-quarter net income on Thursday, as it booked
nearly 15 billion reais ($2.83 billion) in provisions for bad
loans amid high interest rates.
Bradesco's recurring net income, which excludes one-off
items, landed at 1.59 billion reais ($300.5 million) for the
last three months of 2022, it said, also warning that the growth
of its loans portfolio should slow down this year.
($1 = 5.2911 reais)
(Reporting by Peter Frontini; Editing by Sarah Morland)
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