Back in the Game

Nov 7, 2003

Unibanco, Brazil's third-largest private-sector banking group in terms of assets, has made a strong comeback in 2003, posting record first half pre-tax profits of $338.5 million. This was more than it earned in the whole of last year, when it announced just $314.8 million in pre-tax profits, its worst result since 1996.

Return on equity rose to 15.3% in the first half of this year, thanks to a combination of increased lending,...

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