The company recorded revenue growth, improved returns and record profits in the last balance sheet released to the market. Even so, the company’s shares fell by around 15% after results.
According to Thiago Godoy, presenter of Resenha do Dinheiro, “among the factors that put the most pressure on the market were the increase in default and progress in private payroll card”.
Despite being considered a safer modality for banks, the increase in debt and high interest rates have put pressure on this segment.
Marilia Fontes, founding partner of Nord Investimentos and specialist in fixed income, assesses that credit risk has become the main focus of attention of analysts who follow the financial sector
“With interest rates at 14.5% and growth in the corporate sector, default has become one of the market’s main concerns”, he assesses.
Despite this, Marilia considers that the increase in Banco Inter was still relatively small, but occurred at a time of greater market sensitivity.
“The increase in default rates from 4.9% to 5.1% was not so significant, but it happened in a scenario of greater market concern about credit and debt”, he says.
According to her, part of the worsening occurred due to a strategic decision by the bank to change the composition of the credit portfolio to more profitable lines.
“The bank states that there was a change in the composition of the portfolio, with an increase in exposure to free credit and credit cards to increase margin and profitability”, he explains.
Furthermore, another challenge for the sector is the market’s difficulty in understanding which digital banks will be able to consolidate their business models in the long term, says Bernardo Pascowitch, founder and CEO of Yubb.
“The growth of digital banks has increased competition in the sector, but it has also shown that expanding this model requires scale, investment and profitability”, he adds.
Money Review
Carried out with the support of B3 and the investment manager BlackRock, the program is presented by Thiago Godoy, the “Finance Daddy”, Marilia Fontes, founding partner of Nord Investimentos; Bernardo Pascowitch, founder and CEO of Yubb, proposes a light, direct and uncomplicated approach to topics related to financial education and investments. The attraction addresses the main economic topics every week with the informality of a conversation between friends — without compromising on analysis.
The Money Review airs every Friday, at 7pm, on the channel CNN Money on YouTube and on Sundays at 3pm on CNN Brazil.
