Brasília – Caixa Econômica Federal, a state-owned bank, announced this Thursday (27th) that it has registered a net profit of R$ 3.5 billion (US$ 986 million) in H1, an increase of 2.8% over the same period of 2014. According to the institution, in Q2 of this year, the net profit was of R$ 1.9 billion (US$ 535 million), an increase of 25% over Q1. The average return over the net profit, year-to-year, was of 12.5%.
The bank reported that, among other operations, the extended credit portfolio reached R$ 648.1 billion (US$ 182.68 billion), which represents 20.7% of the market and an increase of 17.4% in 12 months. The housing credit remained a highlight, with an increase of 20.8% to R$ 366.6 billion (US$ 103.33 billion) and 67.9% of market share.
Loan operations in the areas of sanitation and infrastructure amounted, at the end of June 2015, to R$ 63.3 billion (US$ 17.84 billion), an increase of 36.8% over the same period of the previous year.
The data released by Caixa indicate that commercial operations with individuals and legal entities totaled R$ 196.1 billion (US$ 55.27 billion), an increase of 4.9% year-to-year.
Caixa reported that in H1 it pumped R$ 363.2 billion (US$ 102.38 billion) into the country’s economy through credit acquisition, distribution of social benefits, investments in its own infrastructure, staff remuneration, social destination of lotteries, among other programs. The state-owned bank’s client base reached 80.8 million of account holders and savers, an increase of 6.7% year-to-year.
*Translated by Sérgio Kakitani with information from the ANBA Newsroom
