The third-quarter profits exceeded expectations not only on a lower cost of risk but, more importantly, on an impressive net interest margin recovery driven by international operations. The end of regulatory limitations will enable the group to return accumulated excess capital to shareholders over the coming months.
29 Oct 2021
Net interest margin recovery and benign asset quality trends
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Net interest margin recovery and benign asset quality trends
- Published:
29 Oct 2021 -
Author:
David Grinsztajn -
Pages:
2
The third-quarter profits exceeded expectations not only on a lower cost of risk but, more importantly, on an impressive net interest margin recovery driven by international operations. The end of regulatory limitations will enable the group to return accumulated excess capital to shareholders over the coming months.