Brazil’s prime 5 banks noticed a 3.1% enhance in income, reaching R$ 28.4 billion (roughly $5.8 billion) within the third quarter in comparison with final yr.
This rise is highlighted in knowledge from Broadcast. Main this development are Itaú Unibanco, Banco do Brasil, and Caixa Econômica Federal, primarily by way of credit score revenues.
The banks displayed assorted credit score development. Caixa’s portfolio grew by 11.7%, pushed by agribusiness and housing credit.
Banco do Brasil skilled a ten% enhance, largely in agribusiness . . .