Digital banks lead profitability gains among Brazilian lenders, says central bank

Quick Summary:

BRASILIA : Brazilian banks' profitability improved in the first half of this year, led by digital banks, and net interest income and service revenues should continue to rise in the second half, the central bank said on Thursday.

The group includes institutions such as Nubank, Banco Inter, and C6 Bank.

Between April 2020 and the end of last year, digital banks consistently reported single-digit or negative 12-month ROE.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazil

Topics: Banks Provisioning Expenses Cent 2020 Brasilia Bank Note Profitability Central Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:21:22 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23739292

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