Central Banking

Banco do Brasil accumulates a profit of R$919.4m

Banco do Brasil, the Brazilian central bank, accumulated a net profit of R$59.8m in November, down from R$94.7m during the same month in 1999. However, accumulated profits for the first eleven months of 2000 stand at R$919.4m, up on the consolidated profits of R$863.5m that the bank made during the whole of last year.

According to the bank, its results for the last two months have been affected by the value in the real against the dollar. This is because the value of many of the shares in its

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