Ag\u00eancia Brasil*<\/STRONG><\/P> Bras\u00edlia \u2013 The Bank of Brazil posted net profit of 2.3 billion reals (US$ 1.3 billion) in the first quarter of 2008. According to a report disclosed today (14th) by the institution, the result is 66.6% higher than recorded in the same period of 2007. Compared with the fourth quarter of 2007, there was an expansion of 92.9%.<\/P> According to the bank, not taking extraordinary effects into account, profit during the period totalled 1.559 billion reals (US$ 940 million), a result 6.3% greater than recorded in the same period of last year and 20.9% higher than recorded in the fourth quarter of 2007. Extraordinary effects include the result obtained from the sale of a share of Visa International (US$ 183.9 million).<\/P> The credit portfolio of the Bank of Brazil also grew. By the end of March, the value reached 172.760 billion reals (US$ 104.1 billion), growth of 7.5% in comparison with the fourth quarter of 2007, and of 23.1% compared with the same period of last year. Of that total, 38.541 billion reals (US$ 23.2 billion) were granted to natural persons, the highlights being consigned credit, which rose 36.8%, and financing for purchase of vehicles, which increased 175.4%, both over a 12-month period.<\/P> The bank also loaned 25.675 billion reals (US$ 15.4 billion) to micro- and small-sized companies, 41.522 billion reals (US$ 25 billion) to medium- and large-sized companies, 56.524 billion reals (US$ 34 billion) to the agribusiness sector and 10.499 billion reals (US$ 6.3 billion) to foreign institutions.<\/P> In the face of the new results, the bank increased its share in the National Financial System from 16%, in the previous quarter, to 16.3%, and remains the leading credit-granting institution in the country. With regard to insolvency, the index stood at 2.8% during the period, lower than the index in the previous quarter (3.3%).<\/P> *Translated by Gabriel Pomerancblum<\/STRONG><\/P><\/p>\n","protected":false},"excerpt":{"rendered":" Ag\u00eancia Brasil* Bras\u00edlia \u2013 The Bank of Brazil posted net profit of 2.3 billion reals (US$ 1.3 billion) in the first quarter of 2008. According to a report disclosed today (14th) by the institution, the result is 66.6% higher than recorded in the same period of 2007. Compared with the fourth quarter of 2007, there<\/p>\n","protected":false},"author":1466,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-27212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/27212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/1466"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=27212"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/27212\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=27212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=27212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=27212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}