Caixa Econômica Federal announced this afternoon a managerial net profit of R$ 3 billion in the first quarter of 2022, down 3.8% compared to the same period last year.
The public bank ended March with total assets of BRL 1.5 trillion and a loan portfolio of BRL 889 billion, growth of 11.2% in 12 months.
When presenting the result, Caixa highlights that it had a historic result in real estate credit in the first three months of the year, releasing R$ 34.4 billion, an increase of 17.8% compared to the same period in 2021.
As a result, the segment’s portfolio ended March with a balance of R$ 570.5 billion, an increase of 10%.
The bank also highlights the 204.6% growth in contracts in the agribusiness portfolio compared to the first quarter of 2021, with loans reaching R$6.7 billion.
With the public bank’s strategy of focusing on the agricultural sector, the portfolio jumped 142.9% in 12 months, closing the first quarter at R$21.2 billion.
Also in terms of credit, Caixa reported growth of 20.2% in the payroll loan balance, that with payroll deduction, reaching R$ 85.7 billion.
The return on equity indicator (ROE) increased by 0.7 percentage point in 12 months, reaching 11.02%.
In microcredit, the bank reports having granted more than R$ 1.2 billion, in a total of 1.7 million contracts, of which more than 80% of the loans went to negative ones.
Source: CNN Brasil
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