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The National Bank for Economic and Social Development (BNDES) announced on this Tuesday (11) its results for the first quarter of 2023.
According to the report, the bank recorded a recurring net income of R$1.7 billion for the period, representing a decrease of 28.4% compared to the same period last year.
The accounting profit, which includes non-recurring results, amounted to R$4 billion in the quarter, primarily driven by dividends received from Petrobras.
Regarding credit, BNDES’s expanded portfolio reached R$479 billion, showing an increase of 8.2% compared to Q1 2022. Total disbursements reached R$19.1 billion, representing a growth of 29.1% on the same basis of comparison.
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New credit for Uber, 99, and taxi drivers can pave the way for car ownership, reduce the burden of car rental costs in their budget, and change the math for those who make a living from traffic every day.
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Canadians are disappearing from the United States: The US feels the absence of Canada financially, while hotels, casinos, and tourist destinations try to attract visitors back with promotions.
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WEG from Jaraguá do Sul was awarded in New York for strengthening relations between Brazil and the United States, employs over 2,250 people in American territory, operates 10 factories and 9 distribution centers in the country, and boosts the energy infrastructure of the U.S. with locally manufactured products and solutions.
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Unclaimed funds will enter a new phase this Tuesday: banks must send funds to the government, while R$ 10.5 billion in idle funds could help finance Desenrola 2.0 and ensure debt renegotiation within the financial system.
One positive point presented in the report was the reduction in BNDES’s delinquency over 90 days, which fell to 0.06% in Q1 2023.
In the last quarter of 2022, the index was at 0.13%, while in the first quarter of the previous year it was 0.21%.
However, the return on recurring equity (ROE) was 5.3% from January to March of this year, representing a decrease of 2.7 percentage points compared to the previous year, and 5.3 percentage points on a quarterly basis.
Even with the decline in recurring profit, BNDES remains committed to its mission of promoting the economic and social development of the country. The institution reported that it is working on new long-term financial solutions to help Brazilian companies overcome the challenges of the current economic situation.
BNDES Results – 1st Quarter of 2023
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