Financial Performance Update Q3'22
Total credit portfolio grew, with good performance in loans to individuals and SMEs
Total loans (Constant € bn¹)
851
897
918
952
973
YOY
(%)
16.3%
16.6%
17.8%
16.8%
16.1%
Sep-21 Dec-21
Mar-22
Jun-22
Aug-22
Total customer funds (Constant € bn 1,2)
1,911
1,985
1,944
2,044
2,090
10.8%
YOY
9.7%
9.1%
9.9%
8.5%
(%)
Sep-21
Dec-21 Mar-22
Jun-22
Aug-22
Total loans continued to grow (+16.8% YoY) driven by
privately-owned banks (+19.1% YoY)
By segment, credit to individuals continued its strong growth
(+20.7% YoY), driven mainly by credit cards, mortgages,
personal loans and agribusiness loans. Meanwhile, corporate
and SME loans grew at a solid pace (+11.5% YoY), mainly
boosted by SMEs (+14.4% YoY)
Funding from customers increased 13.9% YoY, while mutual
funds rose 6.6% YoY
Source: Central Bank of Brazil.
Santander
(1) End period exchange rate as of Aug-22.
(2) Total Deposits+ mutual funds + other funding (debentures, real estate credit notes - LCI, agribusiness credit notes - LCA, financial bills (letras financeiras) and
Certificate of Structured Transactions - COEs).
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