S\u00e3o Paulo \u2013 Bank ABC Brasil, controlled by Arab Banking Corporation, headquartered in Bahrain, registered net profit of R$ 236 million (US$ 137 million) in 2011, 16.7% more than in the same period in 2010.<\/p>\n
The growth was mainly due to greater margin, which was 20.5% last year, and also to expansion in services provided, where growth was 15.9%. <\/p>\n
In the fourth quarter of 2011, the bank\u2019s net profit reached R$ 60.6 million (US$ 35.2 million), growth of 3.5% over the previous quarter. ABC Brazil ended 2011 with 1,879 clients, 253 more than in 2010.<\/p>\n
ABC Brasil is a financial institution specialized in medium and large organisations. The institution operates in the corporate sector (organisations with annual revenues between R$ 250 million [US$ 145 million] and R$ 2 billion [US$ 1.2 billion]) and in the middle market sector (medium sized companies, with revenues ranging from R$ 30 million [US$ 17.5 million] and R$ 250 million [US$ 145 million]).<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The bank grew 16.7% in net profit in 2011 as against 2010. Among the main factors is expansion of revenues with services.<\/p>\n","protected":false},"author":2316,"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-40600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The bank grew 16.7% in net profit in 2011 as against 2010. Among the main factors is expansion of revenues with services.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40600","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\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40600"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40600\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}