Caixa’s Profit Soars 21.6% to R$9.4 Billion in First Nine Months of 2024

INSUBCONTINENT EXCLUSIVE:
The bank reported a recurring net profit of R$9.4 billion ($1.65 billion), marking a 21.6% increase from the previous year
profit of R$3.3 billion ($579 million), a slight 0.7% uptick from 2023
billion ($7.95 billion), growing 4.5% year-over-year
Service revenues climbed to R$20.4 billion ($3.58 billion), a 7.0% increase
First Nine Months of 2024
The sustainable finance portfolio reached R$832.6 billion ($146.07 billion), showing a 15.4% year-over-year increase.Caixa maintained its
dominance in the mortgage market with a 67.5% share in September 2024
The bank financed 627,200 homes in the first nine months, benefiting 2.5 million people
digital transactions surging 52.4%
This shift reduced physical branch visits by 7.9%
Caixa launched a new digital package for individual microentrepreneurs, offering loans up to R$10,000 ($1,754) with competitive
The bank disbursed R$11.3 billion ($1.98 billion) to states and municipalities
It also resumed 1,500 construction projects using federal budget resources
Caixa joined the Principles for Responsible Banking and the Partnership for Carbon Accounting Financials