Inter announced on Wednesday their plans for the next few years, including that of achieving a net profit of 5 billion reais over five years.
The data reveals the digital bank’s signal to turn a profit, at a time when large global investors have stopped the flow of investments to companies based on accelerated growth – given the scenario of high interest rates – starting to charge the profitability. In 2022 up to September, Inter made a profit of 43 million reais.
Among the numbers presented by Inter to investors and analysts there is also the goal of increasing the customer base, to 60 million by 2027. Today the bank’s approximately 24 million customers are distributed between Brazil and the United States.
According to the executive, the resources necessary to maintain this pace of expansion, while increasing profitability, will come from the gradual increase in revenues per client, at the same time that Inter should gain scale, also reducing operating costs proportionally.
With this the bank, which has had shares listed on the Nasdaq since last June, expects to reach an efficiency level of 30% by the end of 2027 and an equity level of around 30%.
“Our plan does not hinge on us raising more capital,” Menin told Reuters in an interview.
The project, called 60-30-30, also provides for the achievement of a credit portfolio of 100 billion reais, which means almost quintupling the portfolio, which in September was 22 billion reais.
For Menin, even in a hostile macroeconomic scenario like the current one, Inter have superior conditions for sustainably expanding their loan portfolio because they have a lower cost of funding, having a large volume of free deposits, in addition to the higher loans are formats with guarantee.
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
