Bras\u00edlia \u2013 This Thursday (3rd), the Bank of Brazil (BB) announced that it posted a net profit of 2.891 billion reais (US$ 1.657 billion) in the third quarter of the year. In the same period of last year, the bank\u2019s net profit stood at 2.625 billion reais (US$ 1.504 billion).<\/p>\n
From January to September, the bank posted a net profit of 9.154 billion reais (US$ 5.247 billion), 18.9% more than in the same period of 2010. The Bank of Brazil\u2019s total assets stood at 949.781 billion reais (US$ 544.477 billion) by late September 2011, a sum 19.2% larger than in September 2010 and 5% larger than the result as of June this year.<\/p>\n
The bank\u2019s credit portfolio, including warranty instalments and private securities, reached 442 billion reais (US$ 253 billion), representing a 21% increase over the preceding 12-month period and a 4.5% increase a quarter-on-quarter. According to a report issued by the bank, credit to legal entities contributed to the result, as did large and medium businesses.<\/p>\n
The bank\u2019s agribusiness portfolio reached 83.780 billion reals (US$ 48 billion) during the quarter, representing a 2.8% increase over the second quarter of this year.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The financial institution recorded a 10% increase in net profit in the third quarter this year as against the same period of 2010.<\/p>\n","protected":false},"author":2315,"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-39752","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The financial institution recorded a 10% increase in net profit in the third quarter this year as against the same period of 2010.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39752","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=39752"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39752\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=39752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=39752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=39752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}