“We believe we have never been so well prepared to face any challenge” (Image: Disclosure)
THE Itaú (Itub4), such as the Bradesco (BBDC4), delivered strong results and above the projections themselves. The $ 11 billion profit even came from expectation, but the growth of the portfolio hit 13%, when expected to 2025 is 4.5%to 8.5%.
Already the financial margin was also above than expected, to 14%, against expectation of 7.5%to 11.5%. However, like their rival, Itaú is also comfortable with their projections.
In a teleconference with analysts, CEO Milton Maluhy recalled that the Selica basic interest rateis 14.75%, the largest level in two decades, which, of course, will weigh for accelerated portfolio expansion.
“This naturally discourages the economy – this is even the goal of monetary policy. It reduces, but everything is already considered in our guidance, because, when we budget, we already had the expectation that interest would have this behavior.”
It is hard to remember that the projections were made at the end of 2024, when the market lived stress period caused by the inspector. The dollar reached $ 6.3, while Selic projections hit 17%.
“We estimated a certain deceleration of GDP as a function of monetary restriction, although still with solid growth. Our best projection is growing above 2%, more precisely 2.2%, ”he says.
In the end, Maluhy repeated the same speech as Marcelo Noronha, CEO of Bradesco: optimistic, but with a good deal of caution.
“We believe we have never been so well prepared to face any challenge.”
And apparently the market bought the idea (and the action). The role climbed hard around 11am, at 4%.
Itaú numbers
According to the bank, the discharge was motivated by the combination of a healthy credit portfolio mix and controlled default.
Known for being a Swiss clock, due to its delivery of recurring results, Itaú thus confirms the good operational moment that has lived in recent years.
The bank is pointed out by analysts as the safest of the scholarship and, unlike its competitors, as Bradesco (BBDC4) and Santander (Sanb11), did not undergo a major deterioration of the main lines, such as default and ROE (return on equity).
And speaking of ROEthe bank was once again managed to overcome the profitability of its rivals, with a return of 22.5%, up 0.6 percentage point in the year, while SANB ended the period with ROE of 17%.
THE financial margin with customers It improved 14% compared to last year to $ 29.4 billion. Already the financial margin managementL It was R $ 30.3 billion, elevation of 12.8%.
Source: Moneytimes
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