Net income for the BTG Pactual is up 25% in the 1st quarter and reaches R $ 1.071 billion

Net income for the BTG Pactual reached R $ 1.071 billion in the 1st quarter, 25.4% over the same period last year. The Bank recorded total revenues of R $ 3.612 billion in the first three months of 2016, representing an increase of 84.2% year on year and 2.7% compared to the 4th quarter of 2015. Net income for unit of the Bank stood at R $ 1.19 in the first quarter 2016, up 26.6% over the same period last year. Return on average equity (ROAE) reached 18.8% at the end of March. On March 31, 2016, total assets of BTG Pactual totaled R $ 234.5 billion. In the fourth quarter 2015, a reduction of 11.9% in total assets. Compared to the third quarter of 2015, the reduction was 30%.