Banco Do Estado Do Rio Grande Do Sul SaBMFBOVESPA: BRSR3

Banco do Estado do Rio Grande do Sul: Net income jumped 54.8% year-over-year in 3Q24, with improved asset quality and capital ratios

· Issued by Banco Do Estado Do Rio Grande Do Sul SA

Net income surged 54.8% year-over-year in 3Q24, driven by higher net interest income and improved asset quality. Loan portfolio and capital ratios strengthened, while default and cost of risk declined.

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