Brazil's BTG posts higher Q1 earnings
Brazilian investment bank BTG Pactual saw its net profits expand 12.5% in the first quarter thanks to an increase in revenues.
Net profits totaled 675mn reais (US$173mn) in January-March, up from 600mn reais in the year-ago period.
Total revenues rose to 1.48bn reais from 1.31bn reais in 1Q18, the bank said in a results statement.
Revenues from investment banking operations, corporate lending, and asset management, were up 59%, 9% and 34%, respectively, and offset a revenue contraction of 21% in sales and trading activity.
BTG saw its corporate loan book increase 36% to 30.8bn reais at the end of March.
To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.
News in: Political Risk & Macro (Brazil)
Brazil’s Cosan steps on the brakes amid economic, political risks
The holding company said a worsening macroeconomic situation has forced it to adopt a more conservative investment strategy for 2022.
BNamericas webinar: Staying ahead in the Brazilian infrastructure sector
Multiple sector and government players shared their views and plans during a webinar organized by BNamericas and ApexBrasil.
Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Tineo substation - Nueva Ancud substation transmission system
- Current stage:
- Updated:
19 hours ago
- Project: Cerro Caliche
- Current stage:
- Updated:
19 hours ago
- Project: El Tigre
- Current stage:
- Updated:
24 hours ago
- Project: Groete
- Current stage:
- Updated:
1 day ago
- Project: Improvement and expansion of the health services of the tomas lafora support hospital, guadalupe, district of guadalupe - province of pacasmayo - department of la libertad
- Current stage:
- Updated:
2 days ago
- Project: Acaray-Yguazú hydro plant rehabilitation and modernization
- Current stage:
- Updated:
2 days ago
- Project: Avenida das Cidades (Via Transbrasilia)
- Current stage:
- Updated:
1 day ago
- Project: Junction to the main access of the Felipe Ángeles international airport (AIFA)
- Current stage:
- Updated:
1 day ago
- Project: Coquimbo Potable Water Desalination Plant
- Current stage:
- Updated:
1 day ago
- Project: Oxum del Tamarugal solar park
- Current stage:
- Updated:
1 day ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Coastoil Dynamic S.A. de C.V.
- Company: Witt O'Brien's LLC
- Company: Porto Sudeste do Brasil S.A. (Porto Sudeste do Brasil)
-
Porto Sudeste do Brasil S.A. is a Brazilian private port terminal, located in Ilha da Madeira, Itaguaí, in Rio de Janeiro state. The port is focused on exporting iron ore and ot...
- Company: Terra Ignota Consultores (Terra Ignota)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: C&C Acústica SpA (CyC Acústica)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio Viaducto Ciénaga del Magdalena
-
The Ciénaga del Magdalena Viaduct Consortium is a company made up of Mincivil SA (75%) and SP Ingenieros SAS (25%) for the execution of the Ciénaga - Barranquilla Double Lane pr...
- Company: Fauna Chile Ltda. (Fauna Chile)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Inmac Peru S.A.C.
Get access to special content, reports and daily news items about projects, regulations and investments in Latin America.
