Banco do Brasil cuts 2025 net income outlook as farmer defaults surge

Core Viewpoint - Banco do Brasil has lowered its outlook for adjusted net income for the year due to increased funding expenses and a rise in defaults among local farmers [1] Company Summary - Banco do Brasil is a state-run lender in Brazil [1] - The company is facing higher funding expenses, which are impacting its financial outlook [1] - There is a noted increase in defaults among local farmers, contributing to the revised income outlook [1]