Gustavo Binsfeld's questions to Banco Santander (Brasil) (BSBR) leadership • Q4 2023
Question
Inquired about the outlook for provisions and cost of credit in 2024, asking if it will be another transition year or if normalization is expected. He also asked if the specific corporate provision case in Q4 was a one-off event.
Answer
The executive stated that the cost of credit percentage has been improving and is expected to continue this trend. While absolute provisions (ALL) will grow with the loan portfolio, the cost of this new credit should be lower. They confirmed the corporate case was a one-off event and they do not foresee any other relevant similar cases in their portfolio for 2024.