FILE PHOTO: A woman walks past an Itau branch office in Rio de Janeiro January 29, 2014. REUTERS/Sergio Moraes

SAO PAULO (Reuters) – Brazil’s largest private-sector lender Itau Unibanco Holding SA posted a first-quarter recurring profit of 6.87 billion reais ($1.73 billion) on Thursday, up 7.1 percent from the same period one year earlier.

Itau’s recurring net income roughly met analysts’ forecast of 6.81 billion reais, according to a Refinitiv consensus estimate.

Reporting by Carolina Mandl, editing by G Crosse

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