SAO PAULO, Oct. 27, 2011 /PRNewswire/ -- Banco Daycoval (BM&FBOVESPA: DAYC4):
3Q11 Highlights
- Net Income of R$ 95.7 million in 3Q11, representing substantial growth of 27.3% compared to the previous quarter
- ROAE reached 22.0%, an increase of 4.4 p.p compared to the previous quarter and the net financial margin (NIM-AR) (1) was 11.7 % in 3Q11
- The balance of the expanded Loan Portfolio(2) increased 10.3% during the quarter, closing 3Q11 at R$ 7,794.0 million
- Total Funding reached R$ 7,041.7, an increase of 4.9% over the quarter
- The average maturity of funding operations is 499 days, whereas the average maturity of credit is 396 days, presenting a positive GAP of 103 days
- The Efficiency Ratio was 30.8%, which proves the adequate management of our operating costs
- Basel Ratio of 16.6%, down 1.8 p.p for the quarter
- First bank to conduct a public issuance of Banknotes, in the amount of R$ 249.9 million maturing in 2 years
(1) New methodology includes exchange-rate variations on passive operations and excludes the result of property protection operations, DAYC4 swaps, portfolio transfers to other banks and matched operations - repurchase agreements-tri-party repos outstanding
(2) Includes assignments, sureties and avals granted and the purchase of credit rights.
3Q11 Conference Call - Only in Portuguese
October, 28
11:00 AM (BR)|(9:00 AM US EST)
Other Countries/Dial In USA: (+55) 11 4688 6361*
Code: Banco Daycoval
About Banco Daycoval
Banco Daycoval S.A. is a financial institution that specializes in the middle market segment and has significant activity in the retail business. Established in 1968, headquartered in SaoPaulo, currently it has more than 100 points of Sale, 31 branches, exchange bureaus and retails stores. In the third quarter 2011, its total assets reached R$ 11.5 billion, with credit portfolio of R$ 7.8 billion and net income of R$ 95.7 million. Daycovalpursues a conservative strategy and stands out for high liquidity and low leveraging, as evidenced by its Basel Ratio of 16.6% (calculated based on the standardized approach and reflecting the changes required under Bacen circular letter 3515/2010) in September 2011.
- For complete earnings release access website: www.daycoval.com.br/ri (english)
CONTACT:
Erich Romani - IR Manager
Ph.: + 55 11 3138-1025
SOURCE Banco Daycoval
