Earnings Call Summary | Banco Santander (Brasil)(BSBR.US) Q4 2023 Earnings Conference
Earnings Call Summary | Banco Santander (Brasil)(BSBR.US) Q4 2023 Earnings Conference
The following is a summary of the Banco Santander, S.A. (BSBR) Q4 2023 Earnings Call Transcript:
以下是桑坦德银行（BSBR）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Banco Santander reported an almost 5% YoY and 4.8% QoQ growth in net interest income (NII).
The growth in net interest income in Q4 was 12.3%.
The loan book saw an increase of 9% YoY with a significant expansion in retail for individuals, vehicles, and SMEs.
The bank recorded a Q4 net income of R$2.2 billion with total revenues growing by 11% and net income by 30% in comparison to Q4 2022.
Managerial profitability was 12.3%.
Asset quality improved with a downward trend in the total cost of credit, closing the year at 4% and a downward trend in the renegotiated portfolio, reaching 6.3% of the total portfolio.
桑坦德银行报告称，净利息收入（NII）同比增长近5％，环比增长4.8％。
第四季度净利息收入增长12.3％。
贷款额同比增长9％，个人、汽车和中小企业的零售业大幅扩张。
该银行第四季度净收入为22亿雷亚尔，与2022年第四季度相比，总收入增长了11％，净收入增长了30％。
管理盈利能力为12.3％。
资产质量有所改善，信贷总成本呈下降趋势，全年收于4％，重新谈判的投资组合呈下降趋势，占总投资组合的6.3％。
Business Progress:
业务进展：
Banco Santander continues with its strategy of portfolio diversification, expanding its credit line and client base with 65 million customers.
The bank has been focusing on improving customer loyalty.
There is a strategic focus on the high-income segment with a target to achieve 2 million such customers and on the mass retail segment with simplified product offerings.
The bank has doubled its agribusiness portfolio and focuses on growing consumer finance operations.
The bank heavily invests in technological advancements with 95% operations running in the cloud and in Generative AI to encourage innovation.
The bank is planning to improve client satisfaction, reposition in the retail sector, and strengthen its digital capabilities for an enhanced customer experience in 2024.
Revenue expansion and client growth for 2024 are the top priorities of the bank, utilizing credit portfolio diversification to drive growth.
The bank also plans to increase the share of SME in the total portfolio, expand top-line growth, and digital footprint in 2024.
桑坦德银行继续推行其投资组合多元化战略，扩大其信贷额度和客户群，拥有6,500万客户。
该银行一直专注于提高客户忠诚度。
战略重点是高收入细分市场，目标是吸引200万此类客户，并侧重于通过简化产品供应的大众零售细分市场。
该银行已将其农业综合企业投资组合翻了一番，并专注于增长消费金融业务。
该银行大量投资于技术进步，95％的业务在云端运行，并投资于生成式人工智能以鼓励创新。
该银行计划在2024年提高客户满意度，在零售领域进行重新定位，并加强其数字能力，以改善客户体验。
2024年的收入扩张和客户增长是该银行的首要任务，利用信贷组合多元化来推动增长。
该银行还计划在2024年增加中小企业在总投资组合中的份额，扩大收入增长和数字足迹。
More details: Banco Santander (Brasil) IR
更多详情： 桑坦德银行（巴西）IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。