Caixa Econômica Federal recorded recurring net income of R$1.8 billion for the second quarter, down 41% from the same period last year, with the result showing strong growth in loan provisions.
According to data released by the state bank this Thursday (18), provisions for losses associated with credit risk grew to R$4.6 billion, from R$2.6 billion a year earlier. In the first quarter, it was $ 3.2 billion.
The delinquency of the loan portfolio in the second quarter was 1.89%, a reduction of 0.57 percentage points over the same period last year.
The total credit portfolio grew 13.7%, to R$928.2 billion at the end of June, with R$127.8 billion in credit granted in the second quarter alone. The balance of credit to agribusiness grew 202.3%, while that of payroll loans advanced 20.7%
The real estate loan portfolio totaled BRL 595.2 billion, an 11% growth compared to the second quarter of 2021, with the highest volume of quarterly contracting in the history of the segment, of BRL 39.7 billion, an increase of 11% year-on-year the year.
The financial margin totaled R$12.7 billion in the second quarter, up 14.7% from a year earlier, a performance that the bank linked to growth in income from credit operations and securities operations.
The recurring return on equity (ROE) reached 45.5% in the second quarter, an increase of 11.6 points compared to the same period last year.
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