RECURRING NET INCOME OF R$ 9.4 BILLION IN 9M24, UP 21.6% OVER 9M23.

BRAZIL - Portuguese

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Nov 12, 2024, 20:31 ET

BRASÍLIA, Brazil, Nov. 12, 2024 /PRNewswire/ -- A CAIXA ECONÔMICA FEDERAL ("CAIXA"), the largest Brazilian bank in number of clients, credit, digital accounts, and savings deposits, announces its consolidated result for the third quarter (3Q24).

HIGHLIGHTS:

Recurring Net Income of R$ 9.4 billion in 9M24, up 21.6% over 9M23;
Financial Margin reached R$ 45.3 billion in 9M24, up 4.5% over 9M23;
Revenues from Services reached R$ 20.4 billion in 9M24, up 7.0% in 12 months;
Total Loan Portfolio reached a balance of R$ 1.209 trillion in Sep24, up 10.8% over Sep23;
Balance of R$ 832.6 billion of Sustainable finance portfolio in Sep24, up 15.4% in 12 months;
R$ 465.5 billion in total loan origination in 9M24, up 15.3% over 9M23;
Balance of R$ 812.2 billion in the mortgage loan portfolio in Sep24, up 14.7% over Sep23;
CAIXA is the leader in the Mortgage Loan segment, reaching a market share of 67.5% in Sep24;
R$ 176.0 billion in new mortgage loans in 9M24, up 28.6% over 9M23, marking a record number of new contracts;
Balance of R$ 104.5 billion in Infrastructure and Sanitation loans in Sep24, up 3.9% over Sep23;
Balance of R$ 101.1 billion in Payroll-deductible loans in Sep24, representing 75.9% of the total loan portfolio for individuals;
Balance of R$ 59.6 billion in Agribusiness loans in Sep24, up 13.8% over Sep23;
Balance of R$ 100.0 billion in commercial loans for Corporates in Sep24, up 4.8% over Sep23;
Balance of R$ 1.616 trillion in total funding in Sep24, up 18.0% over Sep23 and 5.6% over Jun24;
Balance of R$ 381.0 billion in savings deposits in Sep24, up 8.1% over Sep23, reaching a 37.4% market share;
Balance of R$ 193.8 billion in bonds in Sep24, up 32.1% over Sep23 and 4.9% over Jun24;
Basel Ratio of 16.2% and Tier I Capital of 14.2% in Set24, which are 4.7 p.p. higher, in both indicators, than the regulatory minimum;
Delinquency Rate of 2.27% in Sep24, down 0.40 p.p. over Sep23 and up 0.07 p.p. over Jun24;