Banks distribute $12 billion in dividends to shareholders in 2019

The volume of dividends that large banks in Brazil paid out to their shareholders in 2019, with the exception of Itaú Unibanco, was R$52 billion ($12 billion), almost 26% more than in 2018. Itaú Unibanco distributed 66.2% of recurring net revenues for 2019, compared to 89.2% the previous year. The decrease in the proportion of dividends was reflected directly in the pocket of the shareholders of Itaúsa, the holding company that controls the bank.

Source: Istoé

Banco do Brasil’s net income grows 41% in 2019 to R$18.16 billion

Banco do Brasil recorded a net book income of R$18.16 billion in 2019, this is an increase of 41.2% compared to 2018. In Q4, net income was R$5.69 billion, an increase of 49.7% compared to the same period of 2018 and an increase of 33.8% compared to Q3. Among largest banks, Itaú was the one that registered the greatest benefits in 2019, with earnings of R$26.583 billion, an increase of 6.4% compared to 2018, the highest nominal annual result (not adjusted for inflation) ever recorded by Brazilian banks.

Source: G1 Globo