UPDATE 2-Brazil's BTG profit jumps driven by fees and loans
Brazil's Banco BTG Pactual SAis likely to post higher profitability in the nexttwo years, driven by the bank's newly launched retail unit andloans, Chief Executive Roberto Sallouti said on Tuesday. The bank posted a recurring net income of 1.23 billion reais($229.24 million), up 24.6% year-over-year, as its revenues grewin most of its business units. BTG's total loan book rose by 7.9% in the fourth quarter, to73.7 billion reais.
Source: yahoo.com