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Itau Unibanco Sees NPL Spike

May 6, 2009

Leading Brazilian bank Itau Unibanco suffered a sharp rise in non-performing loans in Q1 as a result of the global financial crisis. Loans overdue for more than 60 days and without generation of revenues on the accrual basis amounted to BRL13.4bn at the end of March, up 28%...

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