Banco de la República reports $2.67 trillion profits for February

Banco de la República posted profits of $2.67 trillion for February 2026, a drop of 8.49% from the same period in 2025. Total income reached $3.10 trillion, down 9.12%. The decline stems mainly from weaker performance in international reserves.

Banco de la República announced profits of $2.67 trillion through February 2026, compared to $2.92 trillion in the same period of 2025.

Total income amounted to $3.10 trillion, a 9.12% contraction from $3.42 trillion the previous year. The drop is largely due to poorer performance from net international reserves, which yielded $2.02 trillion, down 21.56% from $2.57 trillion. Meanwhile, active monetary regulation operations totaled $1.08 trillion, up 28.65%.

Within these, TES investments rose to $629.523 million, a 38.81% increase, and Repo operations grew 19.50% to $451.806 million. Commissions increased 14.91% to $35.719 million, and exchange differences surged 89.44% to $2.554 million.

Net face value of metallic currency in circulation jumped 291.16% to $49.615 million, though other income fell 31.45%. For context, the bank generated $13.9 trillion in profits for all of 2025.

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Banco de la República board announcing 100 basis point interest rate hike to 10.25% due to inflation from minimum wage increase, with concerned Finance Minister.
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Banco de la República hikes interest rate to 10.25% amid inflation surge and minimum wage controversy

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Colombia's Banco de la República raised its intervention rate by 100 basis points to 10.25%—the highest in over a year—in its first 2026 board meeting, citing persistent inflation above 5% for nearly six months and unanchored expectations from a 23.8% minimum wage hike decreed by President Petro's government. The decision, with a split 4-2-1 vote, drew market surprise and government criticism over economic contraction risks.

The Banco de la República reported record profits of $13.9 trillion for the end of 2025, mainly driven by net income from international reserves. These earnings surpass Ecopetrol's transfers for the second consecutive year. The bank will transfer $13.8 trillion to the National Government, partly in debt securities and partly in cash.

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Banco do Brasil disclosed a 45.4% drop in adjusted net profit for 2025, totaling R$ 20.7 billion, affected by new accounting rules and rising default rates. In the fourth quarter, profit reached R$ 5.7 billion, down about 45% to 47% year-over-year. The bank forecasts recovery in 2026, with profit between R$ 22 billion and R$ 26 billion.

A total of 648 companies reported their 2025 financial results to the Comisión para el Mercado Financiero (CMF) on Tuesday, March 31, totaling profits of US$32.231 million, a 28.57% year-over-year increase. Codelco posted the highest earnings at US$2.422.4 million, boosted partly by its lithium business. Overall revenues reached US$373.920 million, with cash equivalents rising to US$49.667 million.

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Itaú Unibanco announced a net profit of R$ 46.8 billion in 2025, a 13.1% increase from the previous year, renewing the historical record for the highest profit by a Brazilian bank adjusted for inflation. The result reflects delinquency control and credit portfolio growth, with profitability at 23.4%. In the fourth quarter, profit was R$ 12.3 billion.

Nu holdings reported a net profit of us$2.9 billion for all of 2025, marking a 51% increase from the previous year. Total revenues reached us$16.3 billion, up 45% year-over-year. The company added 17 million new customers, reaching a total of 131 million.

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