UPDATE 1-Itaú feels pinch of weak Brazil economy despite profit beat
May 05, 2015 at 06:52 AM EDT
SAO PAULO, May 5 (Reuters) - Itaú Unibanco Holding SA felt the pinch of Brazil's shrinking economy during the first quarter despite beating profit estimates, as loan-loss provisions soared and weak demand for credit prevented the nation's No. 1 bank by market value from raising borrowing costs.