The earnings of Caixa Econômica Federal in the first half of 2018 were announced by the management of the bank in São Paulo on Monday morning (20) and stimulated the financial market: R $ 6.7 billion. This figure represents the highest result ever achieved by the bank in one semester.
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In this way, the cash income
grew by 63.3% compared to the first half of 2017. On the other hand, the bank's loan portfolio ended the semester with a balance of R $ 695.3 billion, a decline of 2.9% in 12 months.
Meanwhile, the standard speed
2.5%, a decrease of 0.4% compared to the first quarter of the year, was stable compared to the first half of 2017. It is worth mentioning that the market average was 3.6% for the same period.
Caixa also maintained the public interest in the interest rates imposed by the government. Caixa also retained its leadership in the property credit sector, with a market share of 69.3%. The property portfolio recorded a balance of R $ 436.5 billion, an increase of 3.6% in 12 months.
Finally, the pop-up also helped with the positive result of the state bank in the first half. the savings account
grew by 8.4% in 12 months, with a registered balance of R $ 283.2 billion in the first half of the year, an increase of 8.4% in the past 12 months.
However, this result was already expected, as recently the Central Bank (BC) also announced that deposit deposits in the savings account would
across the country the recordings exceeded R $ 3.747 billion. In absolute terms, investments amounted to R $ 189.7 billion and withdrawals, R $ 186 billion.
Although the month of July was not on the first semester account, for example, the month was the fifth consecutive month in which the net savings saving – that is, the difference between deposits and withdrawals – shows a positive result. In total, the financial balance paid into the carnet throughout the year was R $ 755.6 billion.
Thus, according to the Central Bank, the accumulated value of the first seven months of 2018 is a positive balance of R $ 11.09 billion, representing the best result for the investment in the last four years.
See also: Deposits in savings exceed withdrawals by R $ 3.747 billion
Cash Profit is in line with Petrobras & profit
With the profits announced on Monday, Caixa will become the second largest state-owned company to achieve a very positive result compared to the first half of 2018. That's because Petrobras also made a profit of R $ 17 billion a few days ago in the first six months of the year.
In the second quarter alone, the oil business R's profit was $ 10.07 billion
, which, in addition to the best result since 2011, represents a growth of 45% compared to the first quarter of the year, when the State's profit was R $ 6.96 billion. The result was so positively assessed that Petrobras decided to anticipate the payment of R $ 652 million
to the shareholders.
The record profit and the breakdown of investors in the same period in which the company's pricing policy prompted Brazil to face a crisis of deficits caused by the strike of truck drivers that even affected national GDP
of the second quarter and the projections for the year generated criticism.
This is largely because, in order to find a solution, the federal government had to withdraw R $ 9.58 billion from the public treasury, including cutting off investments in areas such as health and safety, precisely in a year when the deficit on the public accounts
is estimated at R $ 148.171 billion.
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In the same way, the cash income
happens before a period in which the standard index has increased by 4.31%
* With information from Agência Brasil