Cash has a net income of R$ 3.2 billion in the 3rd quarter

This week, Caixa Econômica Federal released its balance of results for the third quarter. Thus, the bank informed that it recorded a balance of R$842.3 billion in its total credit portfolio. This represents a growth of 11.3% over the third quarter of 2020, and 3.2% over the second quarter of this year.

“Only in the third quarter, R$ 118.1 billion in credit were granted, an increase of 8.5% compared to the second quarter”, said Caixa.

Cash has a net income of R$ 3.2 billion in the 3rd quarter

Also according to data released, Caixa’s default rate for the period was 2.16%, a reduction of 0.30 percentage point compared to the second quarter of this year. Coverage of the provision ended the third quarter at 205.5%. In addition, the bank’s financial margin was R$12.2 billion in the third quarter, an increase of 27.8% in one year.

In its announcement, Caixa also highlighted that it is still the largest homeowner in the country, with a 66.3% market share. Proof of this is that, in the third quarter, the contracting of credit with resources from the Brazilian System of Savings and Loans grew by 47.7%. As a result, it totaled R$ 24.2 billion.

Finally, the bank added that, in the granting of financing for homeowners, it reached, in the third quarter, a balance of R$ 542 billion. “In August alone, R$ 14 billion were contracted (considering SBPE and FGTS resources), consolidating as the month with the largest contracting of real estate credit in Caixa’s history,” stated the institution.

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About Yadunandan Singh

Born in 1992, Yadunandan approaches the world of video games thanks to two sacred monsters like Diablo and above all Sonic, strictly in the Sega Saturn version. Ranging between consoles and PCs, he is particularly fond of platform titles and RPGs, not disdaining all other genres and moving in the constant search for the perfect balance between narration and interactivity.

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