Chapter 1 – Corporate Profile
Main Indicators in 2013 (Result Highlights)
- Total assets came to R$8.09 million, 21.3% up on December 2012.
- Short-term interbank investments, securities and financial derivative instruments portfolio of R$5.48 million, 13.8% more than in December 2012.
- The loan portfolio amounted to R$2.12 million, gro wth of 39.4% over December 2012.
- Global funding totaled R$6.55 million.
- Deposits increased by 28% over December 2012, to R$1.3 billion.
- Equity came to R$665.7 million, versus R$640.7 million in December 2012.
- The capital adequacy ratio (Basel Index) stood at 14.2%, appropriate for the Bank's activities.
| 2013 | 2012 | 2011 | 2010 | 2009 | Chg. 2013/2012 |
|
| RESULT (in millions of Brazilian Reais) | ||||||
| Financial intermediation revenue | 720.3 | 655.9 | 788.0 | 362.9 | 352.0 | 9.8% |
| Financial intermediation expenses | (604.9) | (577.9) | (692.9) | (280.1) | (252.0) | 4.7% |
| Gross income from financial intermediation | 115.4 | 78.0 | 95.1 | 82.8 | 100.0 | 47.9% |
| Fee income | 44.7 | 48.4 | 70.0 | 44.2 | 37.2 | (7.6%) |
| Operating expenses | (93.2) | (72.3) | (72.4) | (61.7) | (65.5) | 28.9% |
| Personnel and administrative expenses | (81.9) | (64.2) | (59.9) | (49.9) | (45.7) | 27.5% |
| Tax expenses | (11.3) | (8.1) | (12.5) | (11.8) | (19.8) | 40.0% |
| Equity income | (1.4) | 3.1 | 12.0 | 37.2 | 54.1 | (143.9%) |
| Operating income | 67.2 | 63.6 | 114.2 | 88.0 | 125.1 | 5.6% |
| Profit before taxes and interest | 67.2 | 63.6 | 114.2 | 89.3 | 125.4 | 5.7% |
| Net profit | 41.0 | 31.1 | 70.8 | 71.1 | 94.2 | 31.9% |
| PROFITABILITY AND EFFICIENCY | ||||||
| Total assets | 8,096.4 | 6,673.4 | 6,631.5 | 6,007.8 | 4,131.9 | 21.3% |
| Equity | 665.7 | 640.8 | 522.2 | 476.4 | 421.5 | 3.9% |
| Net profit | 41.0 | 31.1 | 70.8 | 71.1 | 94.2 | 31.9% |
| Dividends and interest on equity distributed | 16.4 | 12.5 | 25.0 | 25.1 | 24.8 | 31.2% |
| Return on Average Assets (ROAA) | 0.6% | 0.5% | 1.1% | 1.4% | 2.5% | 0.1% pp |
| Return on Average Equity (ROAE) | 6.3% | 5.3% | 14.2% | 15.8% | 28.0% | 0.9% pp |
| Total equity/total assets ratio | 8.2% | 9.6% | 7.9% | 7.9% | 10.2% | (1.4%) pp |
| Efficiency ratio | 65.6% | 64.0% | 50.2% | 48.7% | 35.7% | 1.6% pp |
| SOLVENCY | ||||||
| Basel Index | 14.2% | 16.1% | 15.6% | 15.6% | 22.9% | (1.9%) pp |
| RATINGS | ||||||
| Standard&Poor's | BB- | BB- | BB | BBB- | - | |
| Moody's | Ba3 | Ba3 | Ba2 | Baa2 | Baa2 | |