Monday, June 03, 2019

Indusval must have losses in 2019, even with a contribution of R $250 mi

Banco Indusval must close 2019 still with loss despite the contribution of R $250 million which is receiving, the result of the latest restructuring of its operations, which began at the end of last year. The injection of money and the new arrangement in the bank were necessary, since not even the entry of the R $156 million of the sale of the broker Guide to the Chinese Fosun managed to rebalance the accounts. In the first quarter of this year, the Indusval closed with a loss of R $37,000,001, R $30 million is expected for each of the next quarters. The Basel index, which indicates the capacity of the equity to sustain the credit transaction, is negative at 13.7%. And it's not from today. In December 2018, it was already negative at 10.4%. In March last year, at-6.9%. To see. To try to solve the problems of the bank, which began in 2015, after the breakdown of the soy and corn market Ceagro, the Indusval contracted the financial advisory Estáter. In addition to the capital increase, the restructurers have a still secret operational plan planned to enter into force July. But this will depend on the approval by the Central Bank of the capital increase, still being awaited. Other changes: The executives who were in the administration of Indusval went to the board of directors and will be diluted in the capital increase. Wanted, Indusval did not comment.
O Estado de S.Paulo - 02/06/2019 News Item translated automatically
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