2022 was a positive year for our expanded credit portfolio, which totaled BRL 13.5 billion on December 31, for 31% growth compared with a year earlier.
Corporate Credit performed best of all. The economic segments with the largest shares of the portfolio were Agriculture, with 23%, and Sugar and Ethanol, with 19%.
Net income rose 50.3% to BRL 221 million in 2022, and we celebrated strong growth of return on average equity (ROAE), which reached 23.8%, up from 18.4% in 2021.
We undertook different actions to promote integration of our teams in 2022. They include the now traditional Panda Cup, a multisport tournament held in a climate of cooperation and friendship by our staff in Rio de Janeiro and São Paulo.
Family Day is also an important action for Banco BOCOM BBM. Once a year, the children of our staff members have the opportunity to spend a day observing our activities. The initiative creates a welcoming and informal environment, enabling staff to share pleasant moments and strengthen ties with family members, and reinforcing the sense of belonging to the company.
Besides these actions, in 2022 we celebrated the Mid-Autumn Festival, one of China's four most important traditional festivals. During the event, we savored mooncakes, which are typical Chinese delicacies widely enjoyed as part of this festival, as a way to celebrate cultural diversity and promote an inclusive and respectful atmosphere.
Members of our staff in one of the editions of the Panda Cup
Banco BOCOM BBM was the master sponsor of ESALQSHOW 2022, an event focusing on innovative solutions for agribusiness.
During the event, we undertook several actions to publicize our services and products, such as presentations, round tables and a recruitment desk. We also took the opportunity to find out more about the latest trends in the agricultural market.
To foster high-quality inclusive education, and believing in the capacity for transformation exerted by education on society, we maintained our support for universities in Rio de Janeiro with which we frequently interact in our talent selection process.
We awarded scholarships to a group of undergraduate and graduate students in engineering and economics in the mentoring program of the Pontifical Catholic University (PUC-RJ). We also awarded scholarships to undergraduate and master’s students in economics at Getúlio Vargas Foundation (FGV-RJ).
In 2022, to stimulate the performance of computer engineering students at the Military Institute of Engineering (IME), we began a new partnership with this university involving a prize awarded to the best student on the course.
We sponsor the athlete Hugo Calderano, one of the world’s star table tennis players. We share with him a passion for this sport, the pursuit of excellence, and the dissemination of values such as teamwork, dedication, and overcoming challenges.
Hugo Calderano, the table tennis player sponsored by BOCOM BBM
In line with the UN’s Sustainable Development Goals (SDGs), we believe our actions in the communities where we operate can strengthen and prepare people to realize their productive potential. Our sponsorship and donation policy calls for investment in projects and actions that promote social welfare via support for cultural, sporting and educational initiatives, as well as actions with a positive environmental impact.
Total sponsorships and donations:
BRL 990,833.00Projects and actions supported: 15
Sponsorship: 5 projects
(via tax incentives: 4; direct investment: 1)
Donations: 10 projects and actions
In 2022, we supported the production and publication of a book on the history of different water sports, evidencing the relationship between successful athletes and Brazil’s vast coastline. The book, entitled Brasil esportivo por natureza (“Brazil – sporting by nature”), will also be available as an audio book so that it can be appreciated by the visually impaired. The result of the project will be disseminated to public schools and philanthropic institutions.
Last year we also supported the activities conducted by Entre o Céu e a Favela, an NGO in Morro da Providência, enabling it to offer more vacancies in cultural workshops and vocational training courses for children and young adults in the community adjacent to our Rio de Janeiro offices.
Besides investing in culture, we maintained our support for the project Destemidas (“Fearless Women”), which promotes wellness and sports for girls and young women in Rio de Janeiro’s Complexo da Maré neighborhood. In 2022, 72 members of the community took part in running events, and in discussions about sexual harassment and violence against women.
Our Women's Engagement Committee's initiatives continued in 2022. They included the first lecture cycle by nine renowned guest speakers who shared with our staff the experiences of their successful careers.
The WE mentoring program also continued, and we began monitoring a number of recruitment and selection metrics relating to inclusion and gender equity.
Lecture cycle held by the Women’s Engagement Committee (WE)
Recognizing the challenges faced by the market in the search for qualified professionals in the field of technology, and thinking of the City of Rio de Janeiro’s plan to transform the port area into a technology hub, we support projects by two institutions that meet these needs:
42 | Rio: this computer programming school is free and has a unique methodology. It took in 173 new students in 2022. We awarded four six-month scholarships to students who will help us with a data integration project in 2023.
Arte Tech: this project develops socio-cultural perception, logical reasoning and creativity in children and youngsters enrolled with the NGO Gamboa Ação, in weekly chess, English and digital creation classes. In 2022 we sponsored the project, which had 70 participants.
Created by a former member of our staff, Viver Solidário (“Solidarity Living”) is an NGO that helps the poor in Rio de Janeiro by distributing food and personal hygiene products in several actions during the year. Banco BOCOM BBM and its staff donated to one of these, called “Christmas of Emotions”, benefiting seven philanthropic institutions.
Also celebrating Christmas, we supported events held by two neighboring partner NGOs, Gamboa Ação and Entre o Céu e a Favela, for participants in social projects and their families, offering food, gifts and entertainment.
In April we celebrated the World Health Day at Gamboa Ação by distributing personal hygiene products to all participants and delivering presentations on the importance of caring for one’s physical and mental health.
Given the environmental impact of the disposable plastic cups used in our offices, we decided to replace them, giving our people stainless steel insulated reusable cups.
This action was performed on September 21, National Tree Day, and no disposable plastic cups have been available in our offices since then. Every staff member received a personalized cup with their name, plus a seed card and an ecobag.
