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Banco do Nordeste do Brasil sets interest on equity payment tied to 2016 profits

Shareholders of Banco do Nordeste do Brasil SA approved an interest on equity payment tied to its 2016 results amounting to some 118.6 million Brazilian reais.

The payment amounts to about 1.41 reais per share as of March 24, the bank said.

As of March 27, US$1 was equivalent to 3.13 Brazilian reais.