BB profits R$ 7.8 billion in the 2nd quarter, up 55%


BB (Banco do Brasil) reported adjusted net income of R$ 7.8 billion in the second quarter of 2022, which is equivalent to a growth of 54.8% compared to the same period last year and 18% compared to the same period last year. to the immediately preceding quarter, according to balance sheet released this Wednesday (10).

In the first half of the year, profit was R$ 14.4 billion, up 44.9% over the same period last year.

The result led the bank to review the projection for profit expansion in 2022, from a range between R$23 billion and R$26 billion, to between R$27 billion and R$30 billion.​

The public bank’s loan portfolio reached R$919.5 billion at the end of June, an increase of 19.9% ​​year-on-year and a 4.1% increase in the margin.

Considering the period from January to June, BB’s loan portfolio grew 20.8%, with the projection for the year’s evolution changing from a range between 8% and 12%, to between 12% and 16%.

“The sustainable and healthy increase in credit is one of the pillars of the result presented”, says the bank in the results report.

The individual portfolio grew 14.1% compared to June 2021, to R$274.5 billion, with emphasis on the positive performance of the credit card modalities (51.7% growth in the annual comparison), personal loan (29 .3%) and payroll-deductible loans (10.5%). In the quarter, the portfolio grew 2.1%.

The corporate loan portfolio ended the quarter with a balance of R$ 336.8 billion, an annual growth of 19.1%. In this case, we highlight the growth in working capital operations (6.5%). In the quarter, the evolution was 4.9%.

The bank’s agribusiness loan portfolio reached R$262 billion, up 27.3% year-on-year, driven by items such as agribusiness credit rights certificates (463.4%). In the quarter, the portfolio grew 2.9%.

The delinquency rate over 90 days, in turn, rose to 2% in the second quarter, against 1.86% in June 2021 and 1.89% in March this year.

“BB has the lowest delinquency rate over 90 days among large banks and maintains a robust coverage level, enabling the gradual transition of the portfolio mix in search of the best risk-return ratio”, said Fausto Ribeiro, president of BB, in a statement.

Among individuals, the late payment rate ended the quarter at 4.31%, compared to 2.96% in the same period last year, and 3.82% in the first quarter of 2022.

The PCLD (Provision for Doubtful Accounts) totaled BRL 2.93 billion and increased 2.3% compared to the second quarter of last year, and 6.5% compared to the first quarter of 2022.

Banking service fees totaled R$7.84 billion in the second quarter, up 8.9% year-on-year, mainly influenced by the performance of fund administration (+8.7%) and credit operations (+26%). In the quarterly comparison, revenues grew 4.3%.

As a result of the numbers presented, BB’s RSPL (Return on Shareholders’ Equity), an indicator that measures the profitability of the financial institution’s operation, increased to 20.6% in June, against 14.5% in June 2021 and 18, 1% in March this year.

“With the delivery of robust results over the last six quarters, we have reached the level of profitability of private peers”, said the bank’s president.


Foundation 1808
Net income in the 2nd quarter of 2022 BRL 7.8 billion
agencies 3,986
Employees 86,313
Mainly competitors Itaú Unibanco, Bradesco, Santander and Caixa Econômica Federal

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