BNDES had a net profit of BRL 11.7 billion in the second quarter, compared to a positive result of BRL 5.3 billion in the same period in 2021, the development bank said on Thursday (11).
The highlights in the period were dividend income (R$ 5.3 billion), sale of Eletrobras shares (R$ 1.5 billion) and reversal of the credit risk provision due to the full settlement of the Oi group’s debt ( BRL 4.6 billion).
The bank’s disbursements grew 46% compared to the second quarter of 2021 and totaled BRL 18.4 billion.
“This was an important quarter with a highlight for profit, credit recovery and payments to the Treasury of R$39.9 billion,” said Lourenço Tigre, the bank’s finance director. The payments did not include advance requests from the Treasury, he quoted. “We also had important revenue from Petrobras dividends,” he added.
Delinquency over 90 days stood at 0.17% at the end of June against 0.21% at the end of March.
In the semester, BNDES had a record profit of R$ 24.6 billion.
The bank will evaluate the destination of up to 60% of the profit for the semester, approximately R$ 15 billion, in interim dividends to be paid to the federal government, said the president of BNDES, Gustavo Montezano. The decision is expected to be taken by September.
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