Brazil's Banco Inter reports third quarter profit
SAO PAULO, Oct 26 (Reuters) - Brazilian digital bank Banco Inter SA, backed by Softbank Group Corp, reported a sharp annual rise in quarterly profit on Tuesday, due in part to increased revenue in its credit operations.
In a Tuesday evening securities filing, the company posted a third-quarter profit of 19.2 million reais ($3.4 million), versus a loss in the same period of last year. The bank said it now had 14 million digital accounts, up 94% in annual terms.
Earlier in October, Inter said it had hired banks to manage a listing in the United States.
($1 = 5.64 reais) (Reporting by Aluísio Alves in Sao Paulo and Gram Slattery in Rio de Janeiro; Editing by Sandra Maler)