Caixa registers profit of R$ 1.9 billion in the first quarter

Caixa recorded recurring net income, which excludes extraordinary effects, of R$ 1.9 billion in the first quarter of this year, with a reduction of 5.3% over the result of the last period of 2022. Compared to the first quarter of last year, the decline was 23.9%.

According to the bank, the total loan portfolio, with a balance of more than BRL 1 trillion, grew by 16.6% compared to the first quarter of 2022.

The balance of the mortgage loan portfolio reached BRL 659.3 billion, with growth of 14.4% compared to the first quarter of 2022. Caixa’s market share in mortgage loans was 66.5%.

The balance of payroll loans reached R$ 103.2 billion, with growth of 20.4%.

Agribusiness credit grew by 18%, with a balance of R$ 8.1 billion.

In the case of financing for infrastructure, the balance reached R$97.4 billion, an increase of 5.7%.

The default rate was 2.73% in the first quarter of this year, an increase of 0.4 percentage points in 12 months, “influenced by a specific customer in the sanitation/infrastructure segment”. “Disregarding the impact of this client, the index would be 2.38%”, explained the bank.

Shareholders’ equity, the difference between assets and liabilities, reached R$124.5 billion, an increase of 5.4% in 12 months.

The Basel Ratio stood at 17.6%, 6.1 percentage points higher than the regulatory minimum. This percentage indicates the bank’s ability to lend, considering its own resources and the risk of loss weighting. The index is an international concept defined by the Basel Committee.

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