BV has a profit of 480 million dollars in the 1st Tri with ROE at 16%

The BV closed the first quarter with a recurring net income of 480 million dollars, with an increase of almost 50% in the same period last year, according to the data published on Friday by the bank, which has the Otorantim group and Banco DO Brasil as a partner.

The return to the net heritage (Roae) remained in the 16%historic top, also recorded in the fourth quarter of last year. A year earlier, Roae was 10%.

“This is the new structural level of the bank,” said Reuters, Chief Financial Officer BV Ronaldo Helpe, observing that it translates the bank’s strategic paths of the strategic paths to further monetize the nucleus, the diversification of the business lines and the relational bank.

“Since BV changes the level in each of these, in the end, it could have a new structural scramble of this eggs, but at that moment I see more at this level,” he said.

The expanded credit portfolio grew by 2.1% year by year, to $ 90.4 billion at the end of March. If the effect of the sale of portfolio is excluded from the issue of an investment fund of credit rights (FIDC) in the fourth quarter, the expansion would be 5.8%.

The loan used light vehicles, a segment in which BV has been a leader for over 12 years, has increased by 1.8%. But if the effect of the Fidc were excluded, he would have grown by 9.3%.

Help works with a discouragement scenario in credit growth, following the sector as a whole, given the level of interest rates in the country. Wednesday, the central bank increased Selic to 14.75% per year, the highest level in almost 20 years.

“Given this trajectory of the interest rate, it will potentially be a lower growth, in fact, compared to what we saw it last year,” said the manager, adding, however, that he sees nothing that concerns him in terms of default.

“BV has already approved the resilience of its business model, its portfolio … a guarantee credit house, ends up having a predefined volatility less than the unpaid credit market,” he said, strengthening that the bank remains careful, but today it has nothing structural that worries.

In the first quarter, the default for 90 days of BV was 4.9%, stable year after year. The cost of the credit fell by 8%, to $ 868 million.

BV ended March with a Basile rate of 15.4%, with the level of capital I at 13.8%and the main capital at 12.1%.

Source: Terra

Rose

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