Journal of Brazil – Economy



[ad_1]

The second largest private bank in the country, the
Bradesco, founded by Amador Aguiar, in
1943, announced today a recurring net income
R $ 5 161 billion in the second quarter,
9.7% increase over the same period
2017. Summing up the $ 5 102 billion reais
first quarter, the cumulative profit
the year reached 10.263 billion reais,
an increase of 9.7% compared to 9.3 billion reais
first half of 2017, a return
18.5% on equity.

With $ 5 161 billion reais earned by
Santander Brasil in the second quarter, the
two private banks that already have
in the second quarter added
net of 8.186 billion reais over the period.
ItaúUnibanco, bigger and more profitable
the country's bank,
after the closure of the markets in
Brazil and the United States. In the first
During the quarter, the 22 largest banks
profits of R $ 20.8 billion. Add
the Bradesco and Santander R $ 8,186 billion
Brazil has already exceeded 29 billion reais.

The disproportionate profit of banks
size and growth, in a period
the economy goes aside and sales
grow little, can be compared to the
result of AmBev, the largest company
Brazilian drinks, also released
yesterday: the quarterly profit was R $ 2,317
billion. That's 23.4% less than the
Santander Brazil and 55.1% lower than the
Bradesco in the period.

Based on the profits of the first
quarter, when Itaú earned R $ 6,289
billion in the first quarter, the R $ 3, .191
billion ECF and R $ 2.75 billion from the Bank
Brazil believes that banks
will win $ 18 billion in the first half seem outdated. Not to mention
Safra, BNB, Basa and Banrisul, and others
they raise to 21.5 billion reais.
The earnings of the five families who control
the four largest private banks in the country (Setúbal, Villela and Moreira Salles,
ItaúUnibanco; Aguiar, Bradesco; Botin
Santander and Safra, idem) are the
concentration of income in the country where the
the bank emphasizes. The five banks control more than 75% of
country and earn more than the budget
for the Bolsa Familia in 2018: R $ 30
with a readjustment of 5.67% in June,
to pay to 39 million families.

Charts show default rates and service revenues

Rates and Insurance

In the case of Bradesco, gains were made
insurance and social security activities
Bradesco Seguros, 100% controlled by
bank, accounted for 30.7% of the quarterly gain
and 30.6% of the half-year profit) and
bank charges. According to the balance sheet,
interest income decreased by 5.1%
comparison with the first quarter of
2017 and 3.8% in the first half. Already the results
non-interest-related activities (insurance,
administrative costs and revenues have fallen
7.9% in the quarterly comparison and increased
19.2% in the first half, compared to the same period
in 2017. In price, administrative fees
Increase of 12.1% during the quarter
and 10.6% in the first half. Current account
increased by 6.9% and 8% on the same basis
comparison. The general default index
down 4.9% in June 2017
at 3.92%. A The biggest decline was in small
and microenterprises (from 7.2% to 5.2%).
In large companies, there was an increase:

BNDES and Treasury

After a long negotiation between the ministry
Treasury and the Board of Directors
of the BNDES has been approved the anticipation
the schedule to anticipate
20 years (from 2060 to 2040) the discharge of
R $ 260 billion debt of the bank
National Treasury, contracted in the
Lula and Dilma. The disclosure comes from the BNDES CFO Carlos Thadeu de
Freitas. This equates to 1.2% of GDP. The disbursement
the total reached 4.3% of GDP

[ad_2]
Source link