Banco do Brasil is the most profitable bank in the country, ranking first among the main retail banks in our country.
When we look at the national scenario, we realize that some banks are still very strong. Even if digital banks are growing a lot.
There is no way to leave the growth of digital banks unnoticed, with fee exemptions and simplicity, Nubank, Banco Inter and company gain space.
However, Banco do Brasil, as well as Bradesco and Itaú remain strong on the national scene. And among the main banks in our country, Banco do Brasil achieved the highest profit in the quarter.
Get to know the numbers and understand what provided this great result for Banco do Brasil.
How profitable was Banco do Brasil?
Firstly, Banco do Brasil's profitability reached 21%, thus being the highest among large retail banks.
Thus, its numbers are impressive, achieving an adjusted net profit of R$ 8.785 billion, something considerable. These numbers were achieved in the first quarter of 2023.
Very celebrated numbers, since they are 11.7% greater than the same period in 2022. A very large growth, even for a large bank like Banco do Brasil.
Surpassing even the expectations of experts who projected a lower profit, around R1TP4Q 8.663 billion.
Thus, Banco do Brasil was ahead of Itaú, Bradesco and Santander. But what brought about such growth?
Why did Banco do Brasil achieve this growth in profitability?
At first, these numbers were directly impacted by the growth in the bank's loan portfolio. In addition, the good commercial performance pulled the numbers up.
Considering only the expanded credit portfolio, it added up in the second quarter alone, the incredible mark of R$ 1.045 trillion.
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Which represents an increase of 13.6%, thus, the gross financial margin managed to reach the mark of R$ 22.887 billion. Representing a growth of 34.2%.
Like this, with advances, Banco do Brasil is the most profitable in the country. We cannot say that the result is unexpected, as the Bank has worked hard to achieve them.
However, the numbers exceeded expectations, bringing the top of profitability among the country's large banks.
Where do the banks' profits come from?
Finally, we need to understand where the banks' profit comes from, at first, we can say that bank loans are a great source of profit.
Once fees are charged, interest ends up bringing profit to banks. Also, when we have money deposited, banks use this money for loans.
In this way, what the banks end up generating is much greater, whenever any movement occurs. In addition, every transaction we make with a credit card, the bank has a share.
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When we swipe our credit card, the bank pays the shopkeeper and then receives it from us, however, at least 3% remains with the bank.
Another common thing among banks is to invest the money we deposit, making even more money. Anyway, there are many ways to make money with banks.
In addition to insurance, private pension and many other ways to increase your profits. Banks provide a great service, but not without cost.
See the website of Bank of Brazil and learn more about the fees the bank charges its account holders.
