Caixa has a net income of R $ 6.7 billion in the first half – Brazil's government



Caixa Econômica Federal achieved a net profit of R $ 6.7 billion in the first half of 2018, an increase of 63.3% in 12 months. The result was released by the institution on Monday (20) and is the largest ever achieved by the bank in one semester.

The figures for the second quarter of this year were also positive. Over the past three months, the net result amounted to R $ 3.464 billion. The figure is 33.9% higher than in the same period in 2017. The increase was 8.6% compared to the first quarter (R $ 3.2 billion).

According to the balance sheet, there was an increase in income from services and a decrease in administrative expenses in the first six months of this year. As a result, the operating result reached R $ 9.1 billion, an increase of 127.0% compared to the same period in 2017. For Caixa's president, Nelson de Souza, "the indices show that we are in line with the good market practices ".

Still according to Souza: "the result of the semester makes clear what the intention was of what we planned in 2016 and was intensified in 2018." Personnel costs decreased by 7.5%, mainly as a result of the decrease in staff due to voluntary redundancy program & # 39; s. The other administrative expenses decreased by 2.3%.

The bank also maintained a leading position in the real estate credit market, with a share of 69.3% in the first half of 2018. The property portfolio recorded a balance of R $ 436.5 billion, an increase of%. the savings in turn reached a balance of R $ 283.2 billion at the end of the semester, an advance of 8.4%.

The delinquency rate was 2.5%, a decrease of 0.4% compared to the first quarter of the year and remained stable compared to the first half of 2017. The market average is 3.6%.

In 12 months, CaixaI knew it 4.5 million new customers. In June there were 90.8 million account holders and savers, with 88.1 million private individuals and 2.8 million legal entities.


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