Brazil
News

Brazil's BTG posts higher Q1 earnings

Bnamericas Published: Friday, May 10, 2019
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.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: Gente Grande
  • Current stage: Blurred
  • Updated: 11 hours ago

Other companies in: Political Risk & Macro

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Gobierno de la República de Surinam
  • The Government of the Republic of Suriname is the public administration established under its Constitution in 1987. It is composed of the President's office, integrated by the P...