2023-05-12 01:50:50
Caixa Econômica Federal recorded a net profit of BRL 1.9 billion in the first quarter of 2023, which corresponds to a drop of 23.9%
Lucas Bomba
Sao Paulo-SP
Caixa Econômica Federal registered a net profit of R$ 1.9 billion in the first quarter of 2023, which corresponds to a drop of 23.9% compared to the same period of the previous year, according to a balance sheet released this Thursday (11). ).
Compared to the last quarter of 2022, there was a decrease of 5.3%.
The bank’s credit portfolio reached BRL 1.037 trillion in March, up 16.6% compared to March 2022.
Highlight for the increase in the last 12 months of balances of portfolios referring to the real estate sector with SBPE resources (21.6%); payroll (20.4%) and agribusiness (125.8%).
The real estate portfolio balance ended the quarter at R$ 659.3 billion, growth of 14.4% compared to the same period of the previous year. The bank closed the month of March with a market share of 66.5% in total mortgages.
In agribusiness, the balance of the portfolio reached BRL 47.9 billion in March, an increase of 125.8% compared to the same period of 2022.
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In the Individuals (Individuals) segment, the growth, in 12 months, was 204.4%, totaling R$ 35.9 billion. In Legal Entity (PJ), the growth was 27.2% in relation, to R$ 12 billion.
The payroll credit line ended the quarter with a balance of R$ 103.2 billion, growth of 20.4% over the same period of 2022.
From January to March, the bank granted R$ 127.6 billion in credit, growth of 17.2% in 12 months.
In real estate credit, contracting totaled R$ 41.4 billion in the first quarter of the year, 19.6% higher compared to the first quarter of 2022 – there were R$ 21.3 billion in contracting SBPE real estate credit, a decrease of 0. 3% in the annual comparison; and R$ 20.1 billion in FGTS real estate loans, growth of 51.5%.
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The public bank’s default rate ended the quarter at 2.73%, an increase of 0.4 percentage points in 12 months, a result influenced by a specific customer in the sanitation/infrastructure segment. Disregarding the impact of this customer, the index would be 2.38%.
Infrastructure operations reached a balance of R$ 97.4 billion, growth of 5.7% compared to the same period of the previous year.
“Due to their great relevance and protagonism, and because they are intrinsically linked to national economic development, these operations are included in Caixa’s scope of strategic action”, informed the bank.
According to Caixa, the credit portfolio has 92% of its balance with real guarantees, with a large concentration in long-term operations, mainly due to the real estate portfolio, which corresponds to 63.6% of the total portfolio.
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