Caixa Lotteries raise US$ 975m, reports growth of 30.4% in 1Q22

Caixa Econômica Federal released the consolidated results for the first quarter of 2022, when it reached managerial net income of R$ 3 billion (US$ 583.5m) in the period. Among the highlights, the Brazilian federal bank pointed out some remarkable results:

• Historic result in the contracting of mortgage loans in 1Q22, totaling R$ 34.4 billion (US$ 6.7b), an increase of 17.8% compared to 1Q21 and 92.7% compared to 1Q18;
• Growth of 817.4% in SBPE real estate credit contracts in the comparison between 1Q22 and 1Q18, and 31.2% in relation to 1Q21, totaling R$ 21.4 billion (US$ 4.16b);
• Balance of R$ 570.5 billion (US$ 110.9b) in the real estate loan portfolio, growth of 10.1% over 1Q21;
• 204.6% growth in agribusiness contracts compared to 1Q21, reaching R$6.7 billion (US$ 1.3b);
• Balance of R$ 21.2 billion (US$ 4.12) in the agribusiness portfolio, growth of 142.9% over 1Q21.

Lotteries

In the first quarter of 2022, Caixa Lotteries raised R$ 5 billion (US$ 975m), 30.4% higher than in the same period of the previous year.

The CAIXA Lotteries, in addition to feeding the dreams of millions of players, are an important source of funds to foster social development in Brazil.

In 1Q22, R$1.9 billion (US$ 370m), equivalent to 38.5% of the total, was allocated to the Federal Government's social programs in the areas of social security, sports, culture, public security, education and health, amounting to 27.9% higher than that allocated in the same period of 2021, in addition to income tax payments, which were 44.6% higher.

Source: GMB