CAIXA announced its consolidated results for the fourth quarter (4Q19) and balance sheet for 2019. The Company obtained a net profit of R$ 21.1 billion (US$ 4.83b) in 2019, an increase of 103.3% compared to 2018.
Recurring net income was R$ 14.7 billion (US$ 3.36b) in 2019, an increase of 20.6% over 2018. Accounting ROE of 25.0% in 4Q19, with an increase of 7.3 pp compared to 3Q19 and recurring ROE 17.5% in 4Q19, an increase of 3.5 pp compared to 3Q19.
There was a 25.7% reduction in the rate of housing TR to PF in 2019, with a minimum of 6.50% a.a. and a 29.7% reduction in the TR housing rate for PJ in 2019, with a minimum of 6.50% p.a. Caixa presented the new IPCA Real Estate Credit line, with rates starting at 2.95% p.a. + IPCA.
The company ended 2019 with a net worth of R$ 80.7 billion (US$ 18.48), stable compared to the same period last year.
Lotteries
CAIXA Lotteries raised R$ 16.7 billion (US$ 3.82b) in 2019, 20.3% more than in 2018. Among the amounts collected in the semester, approximately R$ 6.2 billion (US$ 1.42b) were transferred to the Federal Government's social programs in the areas social security, sports, culture, public security, education and health, which corresponds to 37.2% of the total collected.
Source: Games Magazine Brasil
