Banks continued to improve their indicators during April and recorded profits of $6.36 billionwhich represents a growth of 95.6% compared to the figures for the same month of 2021.
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According to the report of the Financial Superintendence, the set of credit establishments, which include banks, financial corporations, financing companies and financial cooperatives achieved results of $7.5 billion, higher by 82.9% to those of the same month last year, mainly driven by interest income.
Financial corporations had profits of $1.1 trillion, insurance companies financing $29.1 billion and financial cooperatives $28,500 million.
For its part, the insurance industry recorded profits of $870,200 million, followed by special official institutions, with profits of $481,100 million, trust companies with $158,000 million, infrastructure providers for $110,400, securities intermediaries with $62,500 million and Administrators. of Pension and Severance Funds with $37,000 million.
According to the Superfinanciera, the profitability of the assets of the credit establishments continues its path of recovery.
The entity said that the settlors of businesses managed by the trust companies reported accumulated returns so far in 2022 of $5.1 billion. That is, a increase of $4.9 billion compared to the previous year.
The investors of the 205 collective investment funds managed by the trust companies, the stock brokerage companies and the investment management companies reported an increase in the balance of $2 trillion so far this year, due to the net gains in the valuation of equity instruments. Investors in the 100 private equity funds managed by trust companies and securities brokers received returns of $718.7 billion.
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Compared to long-term savings, administered by the mandatory pension funds, the 18,270,289 affiliates received subscriptions in the last 12 months for the returns accumulated in their individual accounts equivalent to $14.5 billion.
A monthly increase of $15 billion in savings account balances and $837.2 billion in checking account balances was reported. Savings accounts closed with a balance of $296.3 billion, CDTs at $170.6 billion and checking accounts at $85.1 billion.
CDTs completed their second consecutive month of positive real growth in a context of higher interest rates.
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