Public banks

In the third quarter, the institution obtained a gain of R $ 998.1 million. bank balance was released on Monday (14)

The Federal Savings Bank reported net income of R $ 3.4 billion in the year to September. Only in the third quarter, the institution obtained a gain of R $ 998.1 million.

The bank's balance sheet, which was released on Monday (14), presents advances in generating income credit, portfolio quality and control of spending.

The figures also show that more than 90 days delinquency was within the institution's planning. According to the balance sheet, the index ended September at 3.48%, the number below the market average, currently at 3.73%.

The bank also said that the administrative expenses grew at a slower pace than inflation in 2016, increased by 3.2% from January to September.

"We continue to maintain discipline in relation to administrative costs," said Vice President of Finance and Controlling, Osvaldo Cavalcante.

more efficient management

"The growth well below inflation shows the effort of the entire organization and consolidation of the economy of culture," said the vice president.

He also noted that it was positive for the institution to create a board of renegotiation and credit repricing to monitor large loans in housing, large corporations and infrastructure.

Source: Portal Brazil, with information Cash