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BNDES records an accounting profit of R$4,9 billion in the third quarter, driven by dividends from Petrobras (PETR4).

Written by Paulo S. Nogueira
Published 17/11/2023 às 11:34
BNDES, Dividends, Petrobras, Balance Sheet Season
Net worth rose 12,7% between December 2022 and September 2023, to R$148 billion

Net Equity increased 12,7% from December 2022 to September 2023, reaching R$148 billion.

In the 3rd quarter of 2023, the National Bank for Economic and Social Development (BNDES), with low default, had R$4,9 billion in accounting profit, due, in part, to the payment of dividends da Petrobras, according to the director of the institution, Alexandre Abreu.

Abreu also stated that the Basel Index was 34,4% on June 30, 2023, above the 10,5% required by the Central Bank, demonstrating a comfortable situation for the BNDES.

The director also pointed out an increase of 0,8 percentage points in Return on Equity (ROE), which reached 8,7% in the third quarter, due to a higher recurring result from the bank's main activity, which is credit. He highlighted that net equity rose 12,7% and that the equity portfolio appreciated by 14% in the first nine months of the year, comparing December 2022 and September 2023.

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The director of the National Bank for Economic and Social Development (BNDES) was low defaults, with profits driven by Dividends da Petrobras

In the 3rd quarter of 2023, the National Bank for Economic and Social Development (BNDES), with low defaults, had R$4,9 billion in accounting profit, due in part to the payment of Dividends da Petrobras, according to the director of the institution, Alexandre Abreu.

Abreu also stated that the Basel Index stood at 34,4% on June 30, 2023, above the 10,5% required by central bank, demonstrating a comfortable situation for the BNDES.

The director also pointed out an increase of 0,8 percentage points in Return on Equity (ROE), which reached 8,7% in the third quarter, due to a higher recurring result from Main activity of the bank, which is the credit. He highlighted that the net worth rose 12,7% and that the portfolio of holdings had a appreciation of 14% in the first nine months of the year, comparing December 2022 and September 2023.

Within the “Posts“, you will find content that is connected in some way to the subject being covered. This content can complement what you are reading, expanding the information and offering different perspectives on the topic. The section “Posts” is a way of navigation within the website, which aims to enrich the user experience, providing a immersion more complete in available content.

Source: InfoMoney

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Paulo S. Nogueira

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