Banco Santander (Brasil) S.A. (BSBR) Q1 2024 Earnings Call Transcript Summary
Banco Santander (Brasil) S.A. (BSBR) Q1 2024 Earnings Call Transcript Summary
The following is a summary of the Banco Santander (Brasil) S.A. (BSBR) Q1 2024 Earnings Call Transcript:
以下是桑坦德银行（巴西）有限公司（BSBR）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Banco Santander (Brasil) S.A. reported a growth in its Net Interest Income (NII) by 14%.
A profit slightly above BRL3 billion was posted, indicating a quality turnaround in growth.
The Return on Equity (ROE) slightly exceeded its cost of equity.
A positive growth in net interest income (NII) of 14.5% compared to the previous year and 7.3% over the last quarter was reported.
The bank's loan portfolio grew by 5%, with emphasis on auto loans and SMEs.
Noted was a 10% growth in terms of liabilities over the past 12 months, mainly driven by time deposits and real estate LCI and agribusiness LCA credit notes.
Despite a slight contraction in quarterly fees due to seasonal factors, an overall year-on-year expansion of 12.8% was observed.
The net income for the bank was reported at BRL 3 billion, up 41% in 12 months with a year-on-year total revenue increase of 14%.
桑坦德银行（巴西）股份有限公司报告称，其净利息收入（NII）增长了14％。
公布的利润略高于30亿巴西雷拉，这表明增长出现了质量转机。
股本回报率（ROE）略高于其股本成本。
据报道，净利息收入（NII）与去年同期相比正增长14.5％，比上个季度增长7.3％。
该银行的贷款组合增长了5％，重点是汽车贷款和中小企业。
值得注意的是，在过去的12个月中，负债增长了10％，这主要是由定期存款和房地产LCI以及农业综合企业LCA信用票据推动的。
尽管由于季节性因素，季度费用略有收缩，但总体同比增长了12.8％。
该银行的净收入为30亿雷亚尔，在12个月内增长41％，总收入同比增长14％。
Business Progress:
业务进展：
Banco Santander is undergoing a major transformation that includes a redesigned store model and a unique service for Small and Medium Enterprises (SMEs).
Positive results in customer loyalty and satisfaction were observed via an increased Net Promoter Score (NPS) across all channels, products, and segments.
With a focus on mass retail, a repositioning strategy was launched to better communicate and establish relationships with clients.
Over 90% of their clients use their app, indicating an acceleration in their digital-first strategies.
The bank launched a comprehensive relaunch of its value proposition for a brand repositioning for mass retail with an aim of being more present in its client's lives.
There are projections of a consistent revenue growth for 2024 due to portfolio diversification, with strategies focused on gradually resuming business dynamics.
With an aim to improve customer relationships, a new positioning integrative of physical stores into its multi-channel approach was launched.
An improvement in cost of credit and business growth in select sectors is expected, aiming for a more profitable portfolio.
To maintain cost control, efforts in optimizing its footprint and cost-to-serve ratio will be maintained.
There is confidence in their redesigned strategies, particularly in the Select segment where growth is anticipated.
An improvement in the quality and mix of their portfolio and renegotiating written-off loans to reduce the renegotiated portfolio is expected.
Banco Santander Brazil expects to have a solid growth of 5% in portfolio year-over-year.
They are comfortable with the direction they are taking, focusing on quality portfolios and looking to accelerate focus on cards.
桑坦德银行正在进行重大转型，其中包括重新设计的门店模式和为中小型企业（SME）提供的独特服务。
通过提高所有渠道、产品和细分市场的净推荐值（NPS），在客户忠诚度和满意度方面取得了积极成果。
以大众零售为重点，启动了重新定位战略，以更好地与客户沟通并建立关系。
超过90％的客户使用他们的应用程序，这表明他们的数字优先战略正在加速。
该银行全面重启了其价值主张，以重新定位大众零售的品牌，以期更多地出现在客户的生活中。
由于投资组合的多元化，预计2024年的收入将持续增长，战略侧重于逐步恢复业务动态。
为了改善客户关系，推出了将实体店纳入其多渠道方法的新定位。
预计部分行业的信贷成本和业务增长将有所改善，以实现更有利可图的投资组合。
为了保持成本控制，将继续努力优化其占地面积和成本与服务比率。
他们对重新设计的战略充满信心，尤其是在预计增长的精选细分市场。
预计其投资组合的质量和组合将有所改善，并重新谈判注销贷款以减少重新谈判的投资组合。
巴西桑坦德银行预计，投资组合将同比稳步增长5％。
他们对自己的前进方向感到满意，专注于高质量的投资组合，并希望加快对卡片的关注。
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