Banestes 1H26 net income rises 16.7% to R$ 226 million
Reuters2026/08/12 20:25- Banestes posted 2Q26 net income of R$ 135 million, down 2.8% year-on-year, up 49.2% quarter-on-quarter.
- Net income for 1H26 climbed 16.7% to R$ 226 million, with ROE at 18.4%.
- 2Q26 net interest margin rose 4% year-on-year to R$ 381 million, while loan-loss provisions more than doubled to R$ 101 million.
- Total assets rose 9.1% year-on-year to R$ 42.55 billion; total deposits increased 12% to R$ 26.65 billion.
- Management cited treasury gains on securities, higher credit income, 2.7% NPLs over 90 days, and reaffirmed Fitch AA+(bra) stable, Moody’s AA.br positive.
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