	republicbank rpt to reclassify brazil loans republicbank corp said it has placed mln dlrs of all intermediate and term loans to brazil on a non accrual basis as of march it said the reclassification will reduce first quarter ings by mln dlrs after taxes and mln dlrs after taxes for all of if brazil does not change its position of a moratorium on interest payments republicbank also said its net income for the first quarter is expected to be about mln dlrs or cts a share on a fully diluted basis in the year ago first quarter the company ed mln dlrs or cts a share the company also said its first quarter results are expected to include a provision for loan losses of mln dlrs about mln dlrs over net loan charge offs of about mln dlrs it said the provision will increase loan losses to about mln dlrs or pct of loans republicbank with total assets of about billion dlrs announced in december an agreement with interfirst corp ifc to form first republicbank corp if the merger is approved by regulatory agencies and stockholders it would create the th largest bank holding company in the united states reuter 
