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RECURRING NET INCOME OF R$ 2.9 BILLION IN 1Q24, UP 49.0% OVER 1Q23.
BRASÍLIA, Brazil, May 15, 2024 /PRNewswire/ -- CAIXA ECONÔMICA FEDERAL ("CAIXA"), the largest Brazilian bank in number of clients, credit, digital accounts, and savings deposits, announces its consolidated result for the first quarter (1Q24).
HIGHLIGHTS:
Recurring Net Income of R$ 2.9 billion in 1Q24, up 49.0% over 1Q23;
Accounting Net Income of R$ 2.5 billion in 1Q24, up 27.3% over 1Q23;
Financial Margin reached R$ 15.3 billion in 1Q24, up 9.9% over 1Q23;
Revenues from Services reached R$ 6.6 billion in 1Q24, up 6,9% in 12 months;
Assets under Management totaled R$ 3.3 trillion in Mar/24, up 10.7% in 12 months;
Total Loan Portfolio reached ...