Fintech PR

BTG Pactual ends 2023 with record revenue and net income, resulting in ROAE of 22.7% for the year and 23.4% in 4Q23

Published

10 months ago

February 5, 2024

AuM/AuM reached R$ 1.6 trillion, with a strong net inflow of R$ 205 billion for the year

SÃO PAULO, Feb. 5, 2024 /PRNewswire/ — BTG Pactual (BPAC11), the largest investment bank in Latin America, concluded 2023 with total revenues of R$ 21.6 billion and adjusted net income of R$ 10.4 billion, record results for the period, with a 25% growth compared to 2022 in both balance sheet lines. The adjusted return on equity (ROAE) was 22.7%. In the fourth quarter of 2023, total revenues reached R$ 5.7 billion, a 56% increase compared to 4Q22, when we recognized the impact of a non-recurring provision. Adjusted net income was R$ 2.8 billion, a 61% growth in the same comparison.

The bank reported significant growth in key business lines throughout the year, especially in the client franchises. In 2023, BTG net inflows were R$ 205 billion, reaching R$ 1.6 trillion in client assets under management and administration. In the quarter, the net inflows (NNM) were R$ 41 billion.

“In a challenging year in credit and capital markets, we were able to deliver record performance, with significant expansion of our client franchises. We continue to gain operational leverage in our platform, while strengthening our customer-centric culture.”, says Roberto Sallouti, CEO of BTG Pactual.

The Investment Banking division maintained its industry-leading position, despite a more restricted capital market in the first semester, closing 2023 with R$ 1.6 billion in revenues. In 4Q23, market activities improved, and revenue reached R$ 464 million.

The Corporate & SME Lending division reported record revenues in 2023, R$ 5.1 billion, an 88% increase year-on-year. In the fourth quarter, revenue was R$ 1.4 billion, well above the figure recorded in 4Q22 when we had the impact of a non-recurring provision. The credit portfolio reached R$ 171.6 billion in the year, a 19% increase from 2022, with R$ 20.5 billion referring to the SME portfolio, with attractive spreads and appropriate levels of provision.

The Sales & Trading division achieved its best result in history, with a strong contribution from client franchises, closing 2023 with total revenue of R$ 6.2 billion, a 17% growth for the year. In the quarter, the area’s revenue was R$ 1.4 billion, a 24% increase compared to 4Q22. The bank maintained efficient risk allocation, with VaR of 0.31% in the quarter and 0.35% for the year.

Asset Management reported record revenues in the quarter and for the year, R$ 509 million and R$ 1.85 billion, growth of 9% and 18%, respectively. The result was positively impacted by the increase in assets under management and administration (AuM and AuA), totaling R$ 856 billion in 2023, a 21% increase compared to 2022. Contrary to the market trend, the area had a net inflow (NNM) of R$ 14.5 billion in the quarter and R$ 80.4 billion for the year, while the fund industry recorded withdrawals of R$ 137.8 billion in 2023 (Source: Anbima).

Wealth Management & Consumer Banking reported record revenues for the 20th consecutive quarter, totaling R$ 862 million, a 26% increase compared to 4Q22, and R$ 3.1 billion for the year, a 21% increase compared to 2022. The total assets under custody (WuM) reached R$ 713 billion, with net inflows of R$ 26.9 billion in the quarter and R$ 124.3 billion for the year.

The Basel ratio closed the year at 17.5%, reinforcing the bank’s robustness and strong capitalization. The liquidity coverage ratio (LCR) was 172%.

ESG & Impact Investments

We were voted by Global Finance, for the 4^th consecutive year as:

Best Bank for Sustainable Finance in Latin America
Best Bank for Sustaining Communities in Latin America
Best Bank for Sustainable Financing in Emerging Markets in Latin America
Sustainable Finance Awards – Brazil

About BTG Pactual

BTG Pactual (BPAC11) is the largest investment bank in Latin America, operating in Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management, and Banking. BTG Pactual has established itself as one of the most innovative investment platforms in the country, with a complete transactional bank to support its clients’ life moments and history building. Moreover, it is a pioneer in the ESG agenda, offering financial products that support the transition to a greener and more sustainable economy. The institution is internationally recognized and awarded, with more than 7,000 employees in Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, Portugal, and Luxembourg.

View original content:https://www.prnewswire.co.uk/news-releases/btg-pactual-ends-2023-with-record-revenue-and-net-income-resulting-in-roae-of-22-7-for-the-year-and-23-4-in-4q23–302053136.html

Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

Photo – https://mma.prnewswire.com/media/2569264/image_5031553_31815944.jpg

Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-successfully-issues-senior-unsecured-green-bonds-302318389.html

Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

5 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media