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SÃO PAULO – Santander Brasil recorded a net operating profit of 3.025 billion reais in the second quarter of this year, up 29.5% over the same period last year. previous calendar year. The result has exceeded market expectations. The average badyst estimate collected by Value showed an adjusted profit of R $ 2.971 billion during the quarter. Corporate profits were R $ 2.972 billion, an increase of 58.1% over the second quarter of 2017.
Santander's gross financial margin reached R $ 10.460 billion between April and June, up 15% from the second quarter of 2017. The gross margin on lending was R $ 7.117 billion, an increase of 20.1%.
The resumption of credit growth and a change in the composition of the portfolio – with greater retailer participation – guarantee Santander Brazil a higher financial margin in the second quarter, despite the lower Selic rate
. net amount of allowance for doubtful debts (DPs) raised to 2.604 billion reais. The number shows an increase of 10.3% over the second quarter of last year, but decreased by 1.8% compared to the first quarter of the current year.
Santander obtained a 12.7% increase in revenue for
General expenses totaled R $ 4.867 billion in the first quarter of June, compared with R $ 4,550 billion in the same period of 2017. [19659008] Santander Brazil generated a return on average annualized equity, excluding the goodwill, of 19.5% in the second quarter, compared with 19.1% in the first three months of the year. . In the second quarter of last year, the profitability indicator stood at 15.8%
The revenue generated by customer financing reached 900 million R $ between April and June, a decrease of 12.3% compared to the same period. last year, reflecting a lower average interest rate over the period.
Loan Portfolio
The expanded loan portfolio of Santander Brasil amounted to R $ 368,245. The loan portfolio increased by 11.8%. in June, up 4% from March and 13.3% from June 2017. The total portfolio, which does not include debentures, the Credit Investment Fund ( FIDC), the certificate of real estate and other claims
"Our performance over the last few quarters has always been superior to that of the system, particularly in the individual finance and consumer segments, which has allowed us to increase our market share, "says Santander.By the bank, the small and medium-sized business segment continues to make a positive contribution for the fifth consecutive quarter, and in large companies the growth in the second quarter is mainly due the impact of the exchange rate
At the end of June, the individual portfolio accounted for 41.3% of the total portfolio, an increase of 3.3 percentage points in 12 months. who accounted for 15.6% of the total balance, also gained 1.2 points. Over the same period, the large business segment fell 4 points to 31.0% and the small and medium-sized business segment declined 0.5 percentage points to 12.2%.
Default
O default rate of more than 90 days recorded the lowest historical level, 2.8% at the end of June, a reduction of 0.1 point at a time 12 months and 3 months. "This performance is a reflection of our badertive models and preventive risk management," said Santander
. The individual's failure rate was 3.8% over the period, a 0.1 point reduction in 12 months and a 0.1 point increase over the previous quarter. The corporate default index was 1.7%, a reduction of 0.3 point in 12 months and in three months.
The default of 15 to 90 days was 4.2%, a decrease of 0.6 point in 12 months and a high of 0.1 point in three months. In the individual segment, the index stood at 5.7%, representing a reduction of 0.6 point in 12 months and 0.3 point in three months. The corporate default rate was 2.4%, a 1.0 point decrease in 12 months and a 0.2 point decrease from March.
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