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Banco do Estado do Rio Grande do Sul: Net income dipped 1.1% in 1H2024, but capital and loan growth remained strong

Banco do Estado do Rio Grande do Sul: Net income dipped 1.1% in 1H2024, but capital and loan growth remained strong

Banco Do Estado Do Rio Grande Do Sul SaAugust 14, 20243
Banco do Estado do Rio Grande do Sul: Net income dipped 1.1% in 1H2024, but capital and loan growth remained strong

About this update from Banco Do Estado Do Rio Grande Do Sul Sa

Net income for 1H2024 was R$434.9 million, down 1.1% year-over-year, as higher loan loss provisions and administrative expenses offset gains in financial margin and service income. The bank maintained strong capital and liquidity, with robust loan and deposit growth despite severe floods in Rio Grande do Sul.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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