BTG Pactual has reported net income of BRL1.1 billion for the first quarter of 2016, up 25.4 per cent over the same period last year. Revenues were BRL3.6 billion, 84.2 per cent higher than in the first quarter of 2015 and up 2.7 per cent on the fourth quarter of 2015.
Net income per unit for the quarter was BRL1.19, up 26.6 per cent year on year, while annualized return on average equity (ROAE) totalled 18.8 per cent.
The Bank ended the quarter with total assets of BRL234.5 billion, 11.9 per cent lower than the previous quarter and 30 per cent lower than 3Q15. The Bank’s BIS ratio was 15.4 per cent.
“The performance in the first quarter demonstrates that we are on the right track. We have reorganised the business, preserved liquidity and achieved solid results,” says Persio Arida, Chairman of BTG Pactual.
Roberto Sallouti, Co-CEO of BTG Pactual, says: “We are in a comfortable position from a capital and liquidity perspective and we have returned to business as usual”.
Marcelo Kalim, Co-CEO of BTG Pactual, adds: “We work hard every day to provide the best results for our clients and we continue to demonstrate strong performance despite the challenging scenario.”