Brazil's Bank profits grows 16.8% in 2018 and R $12.8 billion

The Bank of Brazil registered accounting net income of $12.8 billion in 2018 R. The result represents an increase of 16.8% compared to 2017, when the institution profited R $11 billion. In the fourth quarter, net profit was R $3.803 billion, an increase of 22.3% in comparison with the same quarter of 2017. Already the Bank's adjusted net profit, which excludes extraordinary items, totaled 3.845 billion in the fourth quarter, 20.6% higher value compared to the same period in 2017. The recipes with rates rose 7.4% compared to the previous year, to $7.236 billion. Retreated 0.2% administrative expenses, to $8.220 billion. The return on shareholders ' equity (RSPL), which measures how the bank pays the capital from its shareholders, grew to 13.2%, compared to 12.3% in 2017. According to the Bank, part of this result was achieved by strict control of administrative expenses. The loan portfolio grows 1.8% expanded credit portfolio of the Bank finished the year R $697.3 billion and grew 1.8% in 12 months. Compared to the third quarter, there was a growth of 0.7%. Already the default rate of more than 90 days reached 2.53% in December 2018. Net expenditure with provisions for doubtful accounts (PDD) retreated 19 percent in comparison with the fourth quarter of last year, to $3.168 billion. Competitors ' profit in 2018 the Bradesco announced in late January that your profit R $19.085 billion in accumulated last year, a growth of 30.19% in comparison to 2017 (R $14.659 billion). In in 2018, Santander's net profit totaled $12.166 billion, R high of 52% in comparison as 2017 (R $7.997 billion). Already the management profit reached $12.398 billion, high R of 24.6%. Banco Itaú reported that ended with net profits of R 2018 $24.977 billion, an increase of 4.2% in comparison with the previous year ($23.965 billion).