S\u00e3o Paulo \u2013 The ABC Brasil bank, controlled by the Arab Banking Corporation, posted a net profit of 55 million reals (US$ 27.1 million) in the second quarter of this year, according to information issued by the institution this Tuesday (31st). The result is down 8.6% from the same period of last year, which the bank ascribed to a variation in the line of spending on provision for doubtful debtors.<\/p>\n
The annualized return on net equity was 14.2% in the second quarter, down three percentage points from the same period of 2011, when the rate was 17.2%. According to the bank, fundraising remains its strong point, and was up 26.7% in the last 12 months, the highlight being local operations. <\/p>\n
The bank\u2019s expanded portfolio showed a 14.9 billion real (US$ 7.3 billion) surplus by the end of the second quarter, up 8.9%. According to the institution, the highlight was the \u201ccorporate\u201d segment, which comprises companies with annual revenues higher than 250 million reals. The portfolio includes loans, guarantees provided, and private bonds. <\/p>\n
The ABC Brasil bank is a financial institution specializing in medium-to-large businesses. Its controller, the Arab Banking Corporation, is a listed company based in Bahrain. It is active in 21 countries, and is focused on Arab international relations, especially investment projects originating in or targeting the region.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The institution, whose controller is the Arab Banking Corporation, posted a net profit of US$ 27.1 million from April to June, down 8.6% from the same period of 2011.<\/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-42179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The institution, whose controller is the Arab Banking Corporation, posted a net profit of US$ 27.1 million from April to June, down 8.6% from the same period of 2011.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42179","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=42179"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42179\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=42179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=42179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=42179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}