BSBR · BSBR Q2 FY2026 earnings call record财报电话会记录

“This progress reflects our dynamic portfolio management and our ongoing focus on risk-adjusted profitability.”

“On a year-over-year basis, I would like to highlight growth of 13% in cards, 15% in customer finance, and 11.5% in small and mid-sized enterprises.”

“We have reduced our exposure to higher risk profiles, especially among customers with monthly income below BRL 4,000.”

“The portfolio of this segment has declined by approximately 30% over the past 12 months.”

“In credit cards, we continue to grow within our existing customer base, driven by increased transaction volume.”

“In checking accounts, the increase in transaction volume has expanded the benefits and waivers granted to customers.”

“We also continue to see pressure on the portfolios of smaller companies in the agribusiness segment and among low-income individual clients.”

“Fortunate or unfortunately, the more risky customers, maybe we have the possibility of getting more fees.”

“I do not expect a big change because probably we will have this impact, and we will have to factor that in the next quarter, if I'm not mistaken.”

“I just have a follow-up on this question, because Carlos, you said that Spain will be demanding of you better profitability, and they are very vocal saying that, especially when interest rates become more normal, we should see tangible equity or better returns and tangible equity approach by 20%.”

“I would like to focus on the mass market segment that still accounts for 40% of your portfolio, this is a segment that is going through a lot of pressures given the macro landscape we have, high interest rate, risk interest rates, high household debt level.”

“I think that government programs were not there all the time, and the conditions of these programs put even more pressure on margins.”