Inter&Co announces ’60-30-30′ long-term growth targets

Inter&Co announced at its 2023 Investor Day its "60-30-30" growth targets. Inter revealed its ambitious targets for the next five years as it continues to implement its strategy, grow its Super App, expand into new markets and leverage its comparative financial advantages. By year-end 2027, Inter expects to: Achieve strong scale, more than doubling its current client base to 60 million clients; Operate more efficiently than its peers, with a target efficiency ratio of approximately 30%; Deliver high profitability, generating more than R$5 billion in net income with a R$100 billion loan book, bringing return on equity to approximately 30% "Inter has gone beyond banking to become the premier Super App in the Americas. By balancing the right combination of technology investment with unit economic growth and profitability, we have built a suite of capabilities that are unmatched in the market," said Joao Vitor Menin, CEO of Inter&Co. "We are still in the early stages in our evolution, but our impressive results showcase how we are taking Inter to the next level. We are confident that we have the right strategy, solutions and team in place to execute on our goals and deliver sustainable growth."