Banco Bradesco S.A(NYSE:BBD) 
Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company offers leasing, investment banking, brokerage, and consortium management services, as well as credit cards, real e...
Website: http://www.bradesco.com.br
Founded: 1943
Full Time Employees: 97,329
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2020-06-30 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2013-03-31 | 2012-12-31 | 2011-12-31 | 2011-06-30 | 2010-12-31 | 2009-12-31 |
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Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-06-30 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2013-03-31 | 2012-12-31 | 2012-06-30 | 2011-12-31 | 2011-06-30 | 2010-12-31 | 2009-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||
cash and balances with banks | 146,614,670,000 | 151,053,972,000 | 122,521,755,000 | 108,602 | 109,610,999 | 107,209,743 | 72,554,651 | 20,256,755,000 | 65,430,300 | 67,450,363 | 59,992,777 | 29,790,832,000 | 93,777,577 | 80,960,127 | |||||||||
financial assets at fair value through profit or loss | 371,883,348,000 | 387,598,377,000 | 301,899,028,000 | 336,561 | 249,759,777 | 246,161,150 | |||||||||||||||||
financial assets at fair value through other comprehensive income | 156,292,584,000 | 212,849,606,000 | 215,588,278,000 | 193,517 | 192,450,010 | 178,050,536 | |||||||||||||||||
financial assets at amortized cost | |||||||||||||||||||||||
- loans and advances to financial institutions, net of provision for expected losses | 196,233,298,000 | 205,102,659,000 | 122,488,329,000 | ||||||||||||||||||||
- loans and advances to customers, net of provision for expected losses | 672,382,105,000 | 579,501,819,000 | 608,404,633,000 | ||||||||||||||||||||
- securities, net of provision for expected losses | 266,991,967,000 | 175,207,077,000 | 211,611,074,000 | ||||||||||||||||||||
- other financial assets | 81,195,242,000 | 56,958,860,000 | 65,705,559,000 | 64,411 | 56,101,781 | 43,893,309 | |||||||||||||||||
non-current assets held for sale | 3,494,950,000 | 1,328,530,000 | 1,236,931,000 | 1,196 | 1,357,026 | 1,353,330 | 1,520,973 | 1,578,966 | 350,419,000 | 1,006,461 | 832,546 | 533,062 | 264,705,000 | 445,351 | 412,142 | ||||||||
investments in associates and joint ventures | 11,029,012,000 | 9,616,840,000 | 8,970,513,000 | 7,558 | 7,635,612 | 8,125,799 | 8,257,384 | 7,002,778 | 1,634,023,000 | 3,983,780 | |||||||||||||
property and equipment | 10,220,444,000 | 11,118,009,000 | 11,971,122,000 | 14,659,222 | 8,397,116 | 1,546,668,000 | 4,700,518 | 4,501,967 | 4,532,355 | 2,250,648,000 | 4,267,218 | ||||||||||||
intangible assets and goodwill | 23,749,208,000 | 22,107,146,000 | 18,799,813,000 | 14,911 | 3,851,259,000 | 7,216,697 | |||||||||||||||||
current income and other tax assets | 11,764,176,000 | 12,964,018,000 | 14,440,840,000 | ||||||||||||||||||||
deferred income tax assets | 101,808,543,000 | 92,518,924,000 | 78,743 | 5,185,633 | 4,144,164 | 59,570,055 | 48,682,569 | 43,731,911 | 45,116,863 | 12,756,155,000 | 28,388,183 | 25,661,079 | 17,983,558 | 8,930,161,000 | 17,093,388 | 12,733,792 | |||||||
other assets | 15,824,815,000 | 9,597,412,000 | 10,909,757,000 | 7,995 | 32,520,375 | 32,246,419 | 7,441,888 | 7,372,866 | 50,853,987 | 47,170,370 | 11,272,780,000 | 35,099,280 | 35,367,715 | 36,564,543 | 18,156,988,000 | 30,705,887 | 22,374,249 | 43,353,000,000 | 39,203,000,000 | 23,467,000,000 | 19,087,000,000 | ||
total assets | 2,069,484,362,000 | 1,927,523,249,000 | 1,799,615,675,000 | 1,675,572 | 1,372,774,232 | 1,342,534,904 | 1,378,527,685 | 1,305,543,714 | 1,224,353,440 | 1,192,029,656 | 288,489,006,000 | 930,451,016 | 838,301,614 | 801,186,699 | 397,848,197,000 | 722,086,892 | 602,954,024 | 621,612,000,000 | 496,815,000,000 | 334,509,000,000 | 259,271,000,000 | ||
liabilities | |||||||||||||||||||||||
liabilities at amortized cost | |||||||||||||||||||||||
- deposits from banks | 361,818,310,000 | 323,422,783,000 | 281,948,038,000 | 279,009 | 315,905,917 | 297,754,653 | 227,819,611 | 247,313,979 | |||||||||||||||
- deposits from customers | 644,338,463,000 | 621,934,680,000 | 590,682,206,000 | 569,726 | 545,993,097 | 548,238,035 | 366,227,540 | 340,748,196 | |||||||||||||||
- securities issued | 257,977,344,000 | 244,966,258,000 | 222,257,328,000 | 166,229 | 143,653,201 | 153,764,739 | |||||||||||||||||
- subordinated debts | 57,458,927,000 | 50,337,854,000 | 52,241,332,000 | 54,451 | 47,570,546 | 53,255,401 | 49,313,508 | 53,643,444 | |||||||||||||||
- other financial liabilities | 101,086,011,000 | 82,619,532,000 | 92,556,433,000 | 86,407 | 82,336,181 | 67,250,888 | 79,121,127 | 62,598,235 | |||||||||||||||
financial liabilities at fair value through profit or loss | 16,240,611,000 | 15,542,220,000 | 13,341,324,000 | 14,265 | 14,244,083 | 16,152,087 | |||||||||||||||||
other financial instruments with credit risk exposure | |||||||||||||||||||||||
- loan commitments | 2,447,791,000 | 2,274,316,000 | 2,997,091,000 | 3,315 | 2,318,404 | 2,551,676 | |||||||||||||||||
- financial guarantees | 1,257,645,000 | 1,202,614,000 | 1,768,949,000 | 2,066 | 1,970,321 | 719,216 | |||||||||||||||||
insurance contract liabilities | 378,792,820,000 | 344,792,222,000 | |||||||||||||||||||||
other provisions | 20,033,774,000 | 22,337,844,000 | 22,647,973,000 | 18,292,409 | 4,317,153,000 | 13,864,401 | 13,752,577 | 21,047,193 | 10,451,481,000 | 17,926,450 | |||||||||||||
current income tax liabilities | 2,043,616,000 | 1,546,656,000 | 1,593,037,000 | 2,059 | 2,595,277 | 2,373,261 | 2,416,345 | 2,130,286 | 781,450,000 | 3,602,333 | 3,082,976 | 3,354,128 | 1,665,572,000 | 2,758,978 | 1,923,372 | ||||||||
deferred income tax liabilities | 1,664,666,000 | 1,607,527,000 | 1,080,603 | 1,762,948 | 216,960,000 | 808,178 | 799,824 | 3,091,667 | 1,535,240,000 | 2,246,508 | 1,980,544 | ||||||||||||
other liabilities | 55,381,892,000 | 47,924,619,000 | 41,052,291,000 | 35,684 | 35,370,089 | 26,337,090 | 34,023,453 | 34,157,435 | 97,816,824 | 96,965,515 | 21,927,578,000 | 69,185,709 | 63,321,405 | 61,527,214 | 30,552,793,000 | 50,761,157 | 41,816,088 | 54,237,000,000 | 44,772,000,000 | 34,316,000,000 | 26,348,000,000 | ||
total liabilities | 1,900,541,870,000 | 1,760,509,125,000 | 1,640,874,411,000 | 1,226,267,400 | 1,198,827,307 | 1,242,984,111 | 1,180,867,594 | 1,106,659,736 | 1,086,550,449 | 262,943,258,000 | 848,159,211 | 766,198,688 | 729,840,309 | 362,419,460,000 | 662,704,798 | 551,795,459 | 568,780,000,000 | 450,705,000,000 | 301,139,000,000 | 232,714,000,000 | |||
equity | |||||||||||||||||||||||
capital | 87,100,000,000 | 87,100,000,000 | 87,100,000,000 | 83,100,000 | 79,100,000 | 75,100,000 | 67,100,000 | 59,100,000 | |||||||||||||||
treasury shares | -568,728,000 | -224,377,000 | -226,449 | -440,514 | -440,514 | -440,514 | -440,514 | -440,514 | -121,118,000 | -298,015 | -269,093 | -197,301 | -97,974,000 | -183,109 | -10,049 | ||||||||
capital reserves | 35,973,000 | 35,973,000 | 35,973,000 | 11,441 | 11,441 | 35,973 | 35,973 | 35,973 | 35,973 | 10,108,000 | 35,973 | 35,973 | 35,973 | 17,863,000 | 35,973 | 87,146 | |||||||
profit reserves | 84,532,203,000 | 76,730,043,000 | 73,143,422,000 | 61,100,338 | 59,405,815 | 51,986,423 | 53,267,584 | 49,481,227 | 50,027,816 | 14,026,812,000 | 43,765,349 | 34,122,503 | 34,189,383 | ||||||||||
additional paid-in capital | 70,496,000 | 70,496,000 | 70,496,000 | 70,496 | 70,496 | 70,496 | 70,496 | 19,808,000 | 70,496 | 70,496 | 70,496 | 35,006,000 | 70,496 | 70,496 | |||||||||
accumulated other comprehensive income | -250,645,000 | 3,159,773,000 | -3,104,199,000 | ||||||||||||||||||||
retained | -2,509,646,000 | ||||||||||||||||||||||
equity attributable to shareholders of the parent | 168,409,653,000 | 166,330,965,000 | 158,265,358,000 | 149,777 | 143,702,640 | 135,099,466 | |||||||||||||||||
non-controlling interests | 532,839,000 | 683,159,000 | |||||||||||||||||||||
total equity | 168,942,492,000 | 167,014,124,000 | 158,741,264,000 | 146,506,832 | 143,707,597 | 135,543,574 | 124,676,120 | 117,693,704 | 105,479,207 | 25,545,748,000 | 82,291,805 | 72,102,926 | 71,346,390 | 35,428,737,000 | 59,382,094 | 51,158,565 | |||||||
total equity and liabilities | 2,069,484,362,000 | 1,927,523,249,000 | 1,799,615,675,000 | 1,675,572 | 1,372,774,232 | 1,342,534,904 | 1,378,527,685 | ||||||||||||||||
retained earnings | -765,320,000 | 1,244,043,000 | 475,606 | 2,035,198 | 7,338,990 | 4,907,381 | 589,146,000 | 1,153,439 | 927,314 | 542,422 | 269,352,000 | 632,096 | 702,383 | ||||||||||
deferred tax assets | 85,068,043,000 | 80,991,346 | 82,102,508 | ||||||||||||||||||||
technical provisions for insurance and pension plans | 316,155,117,000 | 239,089,590 | |||||||||||||||||||||
deferred tax liabilities | 1,633,292,000 | 2,840,341 | 4,824,991 | ||||||||||||||||||||
non-controlling shareholders | 475,906,000 | 18,675 | |||||||||||||||||||||
- loans and advances to financial institutions, net of provision for losses | 83,427 | 59,083,791 | |||||||||||||||||||||
- loans and advances to customers, net of provision for losses | 573,033 | 423,528,716 | |||||||||||||||||||||
- securities, net of provision for losses | 178,819 | 166,918,360 | |||||||||||||||||||||
premises and equipment | 13,513 | 11,031,793 | 11,297,277 | 8,826,836 | 8,432,475 | 5,426,000,000 | 4,830,000,000 | 3,547,000,000 | 3,000,000,000 | ||||||||||||||
taxes to be offset | 13,287 | 15,685,801 | 13,498,264 | 10,524,575 | 7,723,211 | 1,915,599,000 | 6,130,191 | 5,293,116 | 5,346,693 | 2,655,027,000 | 4,572,927 | ||||||||||||
provision for expected credit loss | 5,381 | ||||||||||||||||||||||
insurance technical provisions and pension plans | 286,387 | 268,302,691 | 251,578,287 | 215,840,000 | 48,031,959,000 | 146,559,220 | 130,329,023 | 118,768,720 | 58,977,416,000 | 99,112,321 | 83,493,046 | ||||||||||||
other reserves | 25,537 | 25,239,929 | 19,802,171 | 18,490,727 | |||||||||||||||||||
non-controlling interest | 452 | 4,957 | 150,184 | 400,665 | 289,873 | 176,763 | 35,217,000 | 124,064 | 218,620 | 208,681 | 103,625,000 | 243,048 | 107,331 | ||||||||||
cash and due from banks | 24,192,876 | 22,978,342 | 15,775,000,000 | 5,485,000,000 | |||||||||||||||||||
financial instruments | 1,212,888,753 | 1,182,097,164 | |||||||||||||||||||||
- interbank investments | 116,576,082 | 190,604,202 | |||||||||||||||||||||
- compulsory deposits with the brazilian central bank | 85,377,496 | 83,757,533 | |||||||||||||||||||||
- securities | 379,045,089 | 328,704,315 | |||||||||||||||||||||
- derivative financial instruments | 29,747,639 | 23,905,679 | |||||||||||||||||||||
- loans | 465,546,707 | 445,665,923 | |||||||||||||||||||||
- other financial instruments | 136,595,740 | 109,459,512 | |||||||||||||||||||||
leases | 2,742,488 | 2,646,438 | |||||||||||||||||||||
expected credit loss associated with credit risk | -44,264,515 | -45,199,423 | |||||||||||||||||||||
- leases | -61,280 | -70,468 | |||||||||||||||||||||
- other receivables | -2,850,455 | -2,895,319 | |||||||||||||||||||||
investments in associates and jointly controlled entities | 53,370,882 | 54,216,070 | |||||||||||||||||||||
intangible assets | 31,642,774 | 30,725,354 | 5,412,088 | 3,652,000,000 | 3,643,000,000 | 2,917,000,000 | 2,163,000,000 | ||||||||||||||||
accumulated depreciation and amortization | -29,149,092 | ||||||||||||||||||||||
- premises and equipment | -6,441,419 | -6,444,355 | |||||||||||||||||||||
- intangible assets | -22,707,673 | -20,745,210 | |||||||||||||||||||||
accumulated impairment of assets | -3,193,448 | -3,385,680 | |||||||||||||||||||||
r thousand | |||||||||||||||||||||||
deposits and other financial liabilities | 1,156,689,690 | 1,138,080,543 | |||||||||||||||||||||
provisions | 29,021,988 | 30,265,510 | 13,327,866 | ||||||||||||||||||||
- other reserves | 29,021,988 | 30,265,510 | |||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||
other comprehensive income | 2,502,827 | 5,625,898 | 7,871,482 | 2,206,718 | 1,817,659 | -398,708 | -1,124,708,000 | -659,501 | -1,102,887 | 6,396,736 | 3,176,450,000 | 1,751,059 | |||||||||||
equity attributable to controlling shareholders | 146,488,157 | 124,275,455 | 117,403,831 | 105,302,444 | 25,510,531,000 | 82,167,741 | 71,884,306 | 71,137,709 | 35,325,111,000 | 59,139,046 | |||||||||||||
depreciation and amortization | -27,189,565 | ||||||||||||||||||||||
note | |||||||||||||||||||||||
net income for the year | 21,173,207 | ||||||||||||||||||||||
items that are or may be reclassified to the consolidated statement of income | |||||||||||||||||||||||
financial assets available for sale | 159,412,722 | 113,118,554 | 33,070,738,000 | 120,961,734 | 67,838,411 | 81,560,848 | 40,500,967,000 | 45,248,398 | 40,179,144 | ||||||||||||||
unrealized gains | 7,752,853 | ||||||||||||||||||||||
gains transferred to income | 651,428 | ||||||||||||||||||||||
tax effect | -3,609,375 | ||||||||||||||||||||||
unrealized gains on hedge | |||||||||||||||||||||||
cash flow hedge | 260,397 | ||||||||||||||||||||||
hedge of investment abroad | -119,635 | ||||||||||||||||||||||
exchange differences on translations of foreign operations | |||||||||||||||||||||||
foreign exchange on translations of foreign operations | 73,867 | ||||||||||||||||||||||
items that can not be reclassified to the consolidated statement of income | |||||||||||||||||||||||
gains on equity instruments at fair value through other comprehensive income | 1,482,384 | ||||||||||||||||||||||
other | -204,538 | 3,118,766 | 1,191,621 | ||||||||||||||||||||
total other comprehensive income | 5,664,764 | ||||||||||||||||||||||
total comprehensive income for the year | 26,837,971 | ||||||||||||||||||||||
attributable to shareholders: | |||||||||||||||||||||||
shareholders of the parent | 26,687,787 | ||||||||||||||||||||||
intangible assets and goodwill, net of accumulated amortization | 14,724,647 | 16,128,548 | 16,179,307 | 15,797,526 | 2,082,001,000 | 7,529,915 | 8,220,739 | 7,755,665 | |||||||||||||||
- funds from issuance of securities | 170,727,564 | 148,029,018 | |||||||||||||||||||||
financial assets held for trading | 241,710,041 | 213,139,846 | 44,851,906,000 | 78,498,311 | 96,092,523 | 111,839,567 | 55,536,581,000 | 96,597,077 | 75,234,191 | ||||||||||||||
- loans and advances to financial institutions, net of benefit from losses | 105,248,950 | ||||||||||||||||||||||
- loans and advances to customers, net of benefit from losses | 380,387,076 | ||||||||||||||||||||||
- securities, net of benefit from losses | 140,604,738 | ||||||||||||||||||||||
investments held to maturity | 39,006,118 | 43,002,028 | 11,240,428,000 | 25,071,031 | 23,069,026 | 3,715,673 | 1,845,105,000 | 4,110,987 | 3,394,307 | ||||||||||||||
financial assets pledged as collateral | 183,975,173 | 155,286,577 | |||||||||||||||||||||
financial liabilities held for trading | 14,274,999 | 13,435,678 | 5,435,873,000 | 3,315,573 | 1,826,382 | 4,049,982 | 2,011,114,000 | 747,210 | 732,967 | ||||||||||||||
benefit from expected loss | |||||||||||||||||||||||
cash and cash equivalents | 81,742,951 | ||||||||||||||||||||||
loans and advances to banks, net of impairment | 32,247,724 | ||||||||||||||||||||||
loans and advances to customers, net of impairment | 346,758,099 | 367,303,034 | 96,903,106,000 | 328,064,004 | 304,121,334 | 269,652,428 | 133,902,288,000 | 245,874,949 | |||||||||||||||
deposits from banks | 285,957,468 | 301,662,682 | 82,582,649,000 | 279,940,227 | 243,100,373 | 220,826,288 | 109,656,514,000 | 204,290,176 | 171,920,917 | ||||||||||||||
deposits from customers | 262,008,445 | 232,747,929 | 54,654,556,000 | 210,031,505 | 216,218,057 | 210,771,310 | 104,663,477,000 | 216,320,938 | 192,475,948 | ||||||||||||||
funds from issuance of securities | 135,174,090 | ||||||||||||||||||||||
subordinated debt | 50,179,401 | 52,611,064 | 14,128,786,000 | 35,821,666 | 35,885,003 | 34,851,714 | 17,306,443,000 | 26,910,091 | 26,314,946 | ||||||||||||||
loans and advances to banks | 94,838,136 | 10,008,826,000 | 72,974,619 | 78,719,723 | 92,821,233 | 46,092,578,000 | 72,663,890 | 64,715,412 | |||||||||||||||
funds from securities issued | 151,101,938 | 30,866,292,000 | 85,030,399 | 57,883,068 | 51,552,093 | 25,599,411,000 | 41,630,969 | 17,809,765 | |||||||||||||||
share capital | 51,100,000 | 12,110,484,000 | 38,100,000 | 38,100,000 | 30,100,000 | 14,946,867,000 | 30,100,000 | 28,500,000 | |||||||||||||||
total liabilities and equity | 1,192,029,656 | 288,489,006,000 | 930,451,016 | 838,301,614 | 801,186,699 | 397,848,197,000 | 722,086,892 | 602,954,024 | |||||||||||||||
income before income tax and social contribution | 10,333,648 | 4,596,638 | |||||||||||||||||||||
total burden of income tax and social contribution at the current rates | -4,650,142 | ||||||||||||||||||||||
effect on the tax calculation: | |||||||||||||||||||||||
earnings of affiliates and jointly controlled subsidiaries | 182,549 | ||||||||||||||||||||||
net non-deductible expenses of nontaxable income | -22,814 | ||||||||||||||||||||||
interest on shareholders’ equity | 652,941 | 310,968 | |||||||||||||||||||||
other amounts | -2,340,560 | -156,382 | |||||||||||||||||||||
income tax and social contribution for the period | -6,178,026 | -1,786,384 | |||||||||||||||||||||
current taxes: | |||||||||||||||||||||||
income tax and social contribution payable | -5,561,631 | -2,570,281 | |||||||||||||||||||||
deferred taxes: | |||||||||||||||||||||||
amount recorded/realized in the period on temporary differences | 663,850 | ||||||||||||||||||||||
use of opening balances of: | |||||||||||||||||||||||
social contribution loss | -742,318 | -76,594 | |||||||||||||||||||||
income tax loss | -956,005 | -97,650 | |||||||||||||||||||||
constitution in the period on: | |||||||||||||||||||||||
total deferred tax assets | -616,395 | ||||||||||||||||||||||
allowance for loan losses | 24,012,539 | 10,983,555 | -15,123,000,000 | -14,572,000,000 | -7,769,000,000 | -6,552,000,000 | |||||||||||||||||
civil provisions | 1,849,816 | 1,284,877 | |||||||||||||||||||||
tax provisions | 2,582,217 | 4,087,345 | |||||||||||||||||||||
labor provisions | 1,288,565 | 915,778 | |||||||||||||||||||||
provision for devaluation of securities and investments | 442,287 | 406,068 | |||||||||||||||||||||
provision for devaluation of foreclosed assets | 382,672 | 93,539 | |||||||||||||||||||||
adjustment to fair value of trading securities | 6,648,651 | ||||||||||||||||||||||
amortization of goodwill | 240,052 | 411,617 | |||||||||||||||||||||
provision for interest on own capital | |||||||||||||||||||||||
total deductible taxes on temporary differences | 40,565,565 | ||||||||||||||||||||||
income tax and social contribution losses in brazil and overseas | 5,765,368 | ||||||||||||||||||||||
subtotal | 46,330,933 | 19,903,991 | |||||||||||||||||||||
adjustment to fair value of available-for-sale securities | 2,983,663 | 841,421 | |||||||||||||||||||||
social contribution - provisional measure no. 2,158-35/01 | 113,783 | ||||||||||||||||||||||
deferred tax assets, net of deferred tax liabilities | 46,588,038 | ||||||||||||||||||||||
- percentage of net deferred tax assets on capital | 45.3 | ||||||||||||||||||||||
- percentage of net deferred tax assets over total assets | 4.6 | ||||||||||||||||||||||
data from the consolidated statement of financial position | |||||||||||||||||||||||
assets pledged as collateral | 40,599,601,000 | 152,612,689 | 117,740,225 | 106,133,299 | 52,702,999,000 | 97,122,080 | 79,700,612 | ||||||||||||||||
amounts stated in u.s. dollars have been translated from brazilian reais at an exchange rate of r3.5589 per us 1.00, the central bank exchange rate on march 31, 2016. such translations should not be construed as a representation that the brazilian real amounts presented have been or could be converted into u.s. dollars at that rate. | |||||||||||||||||||||||
investments in associated companies and joint ventures | 3,392,847 | ||||||||||||||||||||||
investments in associated companies | 2,754,998 | 1,368,059,000 | 2,390,466 | 2,298,200 | |||||||||||||||||||
revenue reserves | 16,977,546,000 | 26,732,531 | 19,481,986 | ||||||||||||||||||||
amounts stated in u.s. dollars have been translated from brazilian reais at an exchange rate of r2.0138 per us 1.00, the central bank exchange rate on march 31, 2013. such translations should not be construed as a representation that the brazilian real amounts presented have been or could be converted into u.s. dollars at that rate. | |||||||||||||||||||||||
total income tax and social contribution at rates of 25% and 15%, respectively | -1,838,655 | ||||||||||||||||||||||
equity in the earnings of unconsolidated companies | 16,067 | ||||||||||||||||||||||
non-deductible expenses, net of non-taxable income | -118,382 | ||||||||||||||||||||||
amount recorded/(realized) in the period on temporary additions | 885,753 | ||||||||||||||||||||||
recording/(utilization) in the period on: | |||||||||||||||||||||||
total deferred taxes | 783,897 | ||||||||||||||||||||||
adjustment to market value of trading securities | 16,195 | ||||||||||||||||||||||
provision for interest on shareholders’ equity | |||||||||||||||||||||||
total tax credits over temporary differences | 19,390,595 | ||||||||||||||||||||||
income tax and social contribution losses in brazil and abroad | 513,396 | ||||||||||||||||||||||
social contribution – provisional measure 2,158-35/01 | 144,643 | ||||||||||||||||||||||
total tax credits | 20,890,055 | ||||||||||||||||||||||
tax credits net of deferred tax liabilities | 16,065,064 | ||||||||||||||||||||||
- percentage of net tax credits over reference shareholders’ equity | 22.5 | ||||||||||||||||||||||
- percentage of net tax credits over total assets | 2.1 | ||||||||||||||||||||||
loans and advances to customers | 210,280,182 | ||||||||||||||||||||||
tangible assets | 3,669,281 | ||||||||||||||||||||||
current income tax assets | 1,590,297 | ||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||
capital and reserves attributable to shareholders of the parent company | 51,051,234 | ||||||||||||||||||||||
accumulated comprehensive earnings | 2,219,272 | ||||||||||||||||||||||
data from the consolidated balance sheet: | |||||||||||||||||||||||
interest-earning deposits in other banks | 9,209,000,000 | 7,887,000,000 | |||||||||||||||||||||
federal funds sold and securities purchased under agreements to resell | 115,276,000,000 | 82,146,000,000 | 40,601,000,000 | 14,649,000,000 | |||||||||||||||||||
brazilian central bank compulsory deposits | 65,198,000,000 | 32,696,000,000 | 31,813,000,000 | 23,461,000,000 | |||||||||||||||||||
securities received in resale agreements | 15,637,000,000 | 1,256,000,000 | |||||||||||||||||||||
trading assets and available-for-sale securities, at fair value | 136,235,000,000 | 87,543,000,000 | |||||||||||||||||||||
held to maturity securities, at amortized cost | 3,394,000,000 | 3,883,000,000 | 2,981,000,000 | 3,265,000,000 | |||||||||||||||||||
loans | 219,283,000,000 | 179,934,000,000 | 133,137,000,000 | 98,724,000,000 | |||||||||||||||||||
equity investees and other investments | 3,114,000,000 | 2,284,000,000 | 761,000,000 | 527,000,000 | |||||||||||||||||||
goodwill | 1,183,000,000 | 1,234,000,000 | 883,000,000 | 667,000,000 | |||||||||||||||||||
deposits | 193,203,000,000 | 171,115,000,000 | 98,341,000,000 | 83,925,000,000 | |||||||||||||||||||
federal funds purchased and securities sold under agreements to repurchase | 160,701,000,000 | 108,357,000,000 | 69,015,000,000 | 42,875,000,000 | |||||||||||||||||||
short-term borrowings | 7,735,000,000 | 7,989,000,000 | |||||||||||||||||||||
long-term debt | 75,237,000,000 | 38,915,000,000 | |||||||||||||||||||||
pension plan investment contracts | 61,178,000,000 | 52,314,000,000 | 37,947,000,000 | 30,948,000,000 | |||||||||||||||||||
insurance claims and pension plans reserves | 16,489,000,000 | 15,354,000,000 | 14,616,000,000 | 12,787,000,000 | |||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||
common shares | 14,250,000,000 | 13,250,000,000 | 9,497,000,000 | 7,095,000,000 | |||||||||||||||||||
preferred shares | 14,250,000,000 | 13,250,000,000 | 9,503,000,000 | 7,105,000,000 | |||||||||||||||||||
capital stock | 28,500,000,000 | 26,500,000,000 | 19,000,000,000 | 14,200,000,000 | |||||||||||||||||||
total shareholders' equity of the parent company | 52,715,000,000 | 45,770,000,000 | 33,089,000,000 | 26,464,000,000 | |||||||||||||||||||
noncontrolling interest | 117,000,000 | 340,000,000 | 281,000,000 | 93,000,000 | |||||||||||||||||||
total shareholders' equity and noncontrolling interest | 52,832,000,000 | 46,110,000,000 | 33,370,000,000 | 26,557,000,000 | |||||||||||||||||||
total liabilities, shareholders' equity and noncontrolling interest | 621,612,000,000 | 496,815,000,000 | 334,509,000,000 | 259,271,000,000 | |||||||||||||||||||
average assets | 548,316,000,000 | 463,931,000,000 | 289,456,000,000 | 227,898,000,000 | |||||||||||||||||||
average liabilities | 503,584,000,000 | 424,149,000,000 | 261,552,000,000 | 206,466,000,000 | |||||||||||||||||||
total average shareholders' equity of the parent company | 44,340,000,000 | 27,731,000,000 | |||||||||||||||||||||
interest–earning deposits in other banks | 11,211,000,000 | 8,918,000,000 | |||||||||||||||||||||
trading and available-for-sale securities, at fair value | 143,331,000,000 | 86,614,000,000 | |||||||||||||||||||||
short–term borrowings | 7,976,000,000 | 5,709,000,000 | |||||||||||||||||||||
long–term debt | 50,817,000,000 | 30,122,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2021-06-30 | 2020-12-31 | 2016-06-30 | 2013-09-30 | 2012-09-30 | 2012-06-30 | 2011-09-30 | 2010-12-31 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||
income before income taxes | |||||||||
adjustments to reconcile income before income tax to net cash flow from operating activities: | |||||||||
expected loss on loans and advances | |||||||||
changes in the technical provisions for insurance and pension plans | |||||||||
net gains/(losses) on financial assets at fair value through other comprehensive income | |||||||||
expenses with provisions and contingent liabilities | |||||||||
(gain)/loss due to impairment of assets | |||||||||
depreciation | |||||||||
amortization of intangible assets | |||||||||
share of profit of associates and joint ventures | |||||||||
(gains)/losses on disposal of non-current assets held for sale | |||||||||
(gains)/losses from disposal of property and equipment | |||||||||
(gains)/losses on the sale of investments in associates | |||||||||
effect of changes in exchange rates in cash and cash equivalents | 178,323 | -407,727 | 6,045,045,000 | ||||||
(increase)/decrease in assets | |||||||||
compulsory deposits with the central bank | |||||||||
loans and advances to banks | |||||||||
loans and advances to customers | |||||||||
financial assets at fair value through profit or loss | |||||||||
other assets | |||||||||
(increase)/decrease in liabilities | |||||||||
deposits from banks | |||||||||
deposits from customers | |||||||||
financial liabilities at fair value through profit or loss | |||||||||
insurance technical provisions and pension plans | |||||||||
other provisions | |||||||||
other liabilities | |||||||||
cash generated by operations | |||||||||
interest received on financial assets at fvtpl and amortizated costs | |||||||||
interest paid | |||||||||
income tax and social contribution paid | -2,076,643 | -522,181 | -3,173,039,000 | -814,901 | -814,075 | -746,093 | -1,391,377 | -717,289 | -1,282,026 |
net cash provided by/(used in) operating activities | |||||||||
investing activities | |||||||||
(acquisitions) of subsidiaries, net of cash and cash equivalents | |||||||||
(acquisition) of financial assets at fair value through other comprehensive income | |||||||||
disposal of financial assets at fair value through other comprehensive income | |||||||||
maturity of financial assets at amortized cost | |||||||||
(acquisition) of financial assets at amortized cost | |||||||||
disposal of non-current assets held for sale | |||||||||
(acquisitions) of investments in associates | |||||||||
sale of investments in associates | |||||||||
dividends and interest on equity received | |||||||||
(acquisition) of property and equipment | |||||||||
proceeds from sale of property and equipment | |||||||||
(acquisition) of intangible assets | |||||||||
interest received on investing financial assets | |||||||||
net cash provided by/(used in) investing activities | |||||||||
financing activities | |||||||||
funds from securities issued | |||||||||
payments on securities issued | |||||||||
funds from subordinated debt issued | |||||||||
payments on subordinated debts | |||||||||
lease payments | |||||||||
income before income taxes and non-controlling interests | 4,075,489 | 12,867,228 | |||||||
changes in the insurance technical provisions and pension plans | |||||||||
net gains on financial assets at fair value through other comprehensive income | |||||||||
impairment of non-financial assets | |||||||||
losses on disposal of non-current assets held for sale | |||||||||
losses from disposal of property and equipment | |||||||||
losses on the sale of investments in associates | |||||||||
changes in assets and liabilities: | |||||||||
decrease in reserve requirement - central bank | 1,142,914 | -2,762,877 | |||||||
decrease in loans and advances to banks | |||||||||
decrease in loans and advances to customers | |||||||||
decrease in financial assets at fair value through profit or loss | |||||||||
decrease in other assets | -342,555 | 75,670 | |||||||
increase in deposits from banks | |||||||||
increase in deposits from customers | |||||||||
increase in financial liabilities at fair value through profit or loss | |||||||||
increase in insurance technical provisions and pension plans | |||||||||
increase in other provisions | |||||||||
increase in other liabilities | 11,711,279 | -2,467,077 | 1,824,483 | -1,483,802 | 3,949,169 | 2,201,181 | -9,758,226 | 3,121,873 | |
interest paid on operating | |||||||||
net cash from operating activities | -64,322,710 | 37,898,878 | 7,917,825 | -1,436,387 | 14,310,253 | -25,595,856 | |||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | |||
free cash flows | -64,322,710 | 37,898,878 | 7,917,825 | -1,436,387 | 14,310,253 | -25,595,856 | |||
maturity of securities at amortized cost | |||||||||
(acquisition) of securities at amortized cost | |||||||||
dividends and interest on shareholders’ equity received | -2,056,526 | 2,064,664 | 846,999,000 | ||||||
sale of property and equipment | |||||||||
net cash from investing activities | -48,906,561 | 9,756,459 | 3,936,227,000 | 10,930,548 | 21,020,311 | -10,790,746 | 12,717,434 | ||
non-controlling shareholders | |||||||||
interest paid on financing liabilities | |||||||||
interest on shareholders’ equity/dividends paid | |||||||||
acquisition of treasury shares | |||||||||
net cash from financing activities | -3,031,783 | -19,402,307 | -3,438,428,000 | -1,243,237 | -587,187 | 3,722,933 | 712,226 | ||
increase in cash and cash equivalents | |||||||||
cash and cash equivalents | |||||||||
at the beginning of the year | |||||||||
at the end of the year | |||||||||
non-cash transactions | |||||||||
credit operations transferred to non-current assets held for sale | |||||||||
dividends and interest on equity declared but not yet paid | |||||||||
losses on financial assets at fair value through other comprehensive income | |||||||||
cash flow from operating activities: | |||||||||
adjustments for: | -3,549,367 | 9,688,960 | |||||||
- effect of changes in exchange rates in cash and cash equivalents | |||||||||
- allowance for loan losses | |||||||||
– depreciation and amortization | |||||||||
- constitution of asset impairment losses | |||||||||
- expenses with civil, labor and tax provisions | |||||||||
- result of investments in subsidiaries/associates and jointly controlled companies | |||||||||
- loss on sale of fixed assets | |||||||||
- loss on sale of non-financial assets held for sale | |||||||||
- foreign exchange variation of assets and liabilities overseas/other | |||||||||
decrease in interbank investments | -7,510,848 | -7,912,994 | 2,184,529,000 | 19,875,882 | -13,864,897 | 10,146,122 | 1,059,199 | ||
decrease in trading securities and derivative financial instruments | 9,049,919 | -18,382,107 | -8,787,109,000 | -17,675,342 | |||||
decrease in loans and leases | -5,706,405 | -22,846,763 | |||||||
decrease in deferred income tax assets | -2,599,595 | 1,423,716 | |||||||
decrease in other financial instruments | -40,507,837 | 13,748,412 | |||||||
increase in deposits and other financial instruments | -26,726,435 | 57,718,053 | |||||||
increase in deferred income tax liabilities | -667,923 | -807,065 | |||||||
increase in provisions | -614,703 | -1,922,097 | |||||||
cash flow from investing activities: | |||||||||
maturity of and interest on held-to-maturity securities | -12,647,246 | 14,809,009 | |||||||
sale of/maturity of and interest on available-for-sale securities | 36,976,350 | 27,063,080 | |||||||
proceeds from non-financial assets held for sale | |||||||||
sale of investments | 162,665,000 | 39,212 | 14,748 | 83,120 | |||||
sale of premises and equipment | -224,525 | 357,331 | |||||||
purchases of available-for-sale securities | -73,976,678 | -30,087,495 | -44,481,810,000 | -6,374,890 | |||||
purchases of held-to-maturity securities | |||||||||
purchase of premises and equipment | 13,386 | -537,181 | |||||||
intangible asset acquisitions | -447,042 | -759,336 | -738,062,000 | -299,091 | -966,638 | ||||
cash flow from financing activities: | |||||||||
securities issued | 11,081,389 | 29,975,218 | |||||||
settlement and interest payments of funds from issuance of securities | -5,063,919 | -48,061,186 | |||||||
subordinated debt issuance | |||||||||
settlement and interest payments of subordinated debts | -7,676,433 | -1,274,856 | |||||||
interest on shareholders’ equity paid | |||||||||
non-controlling interest | 14,728 | -13,167 | -3,440,000 | -12,624 | -21,115 | -1,154 | |||
net increase in cash and cash equivalents | -116,261,054 | 28,253,030 | 21,550,437,000 | 17,605,136 | 18,996,737 | 7,242,440 | -12,166,196 | -30,253,243 | -10,815,616 |
cash and cash equivalents - at the beginning of the period | 28,660,757 | 161,293,513 | 147,275,456,000 | 107,997,318 | 65,783,698 | ||||
cash and cash equivalents - at the end of the period | -88,237,428 | 189,954,270 | 162,780,848,000 | 125,602,454 | 84,780,435 | ||||
allowance for loan losses expense | 9,679,429 | ||||||||
accumulated depreciation and amortization | 2,490,124 | ||||||||
constitution impairment losses of assets | 2,771,478 | ||||||||
expenses with civil, labor and tax provisions | 1,943,943 | 1,941,782,000 | 829,836 | 916,845 | -585,092 | ||||
share of profit of unconsolidated and jointly controlled companies | -1,706,034 | ||||||||
loss on sale of investments | -29,829 | -162,665,000 | -30,205 | 1,147 | -5,361 | -55,999 | -166,895 | ||
loss on sale of fixed assets | 99,815 | 19,379,000 | 5,241 | 454 | 1,892 | 1,406 | 6,888 | -4,240 | |
loss on sale of foreclosed assets | 113,853 | 152,293,000 | 105,347 | 50,412 | 45,114 | 51,918 | 103,425 | 90,660 | |
foreign exchange variation of assets and liabilities overseas/other | -5,266,092 | -7,202,174,000 | |||||||
net income/loss before taxes after adjustments | 22,556,188 | ||||||||
disposal of subsidiaries, net of cash and cash equivalents, received | 80,300 | ||||||||
proceeds from sale of foreclosed assets | 340,952 | 299,467,000 | 170,783 | 83,343 | 6,061 | 56,053 | 50,695 | 27,178 | |
acquisition of subsidiaries, net of cash and cash equivalents acquired, paid | -3,163,441 | ||||||||
investment acquisitions | -411,424 | -271,121,000 | -8,829 | -7,247 | |||||
issuance of subordinated debt | 688,186 | ||||||||
dividends and interest on shareholders’ equity paid | -716,502 | -4,087,439,000 | -1,078,882 | -969,327 | -186,518 | -783,351 | -1,639,225 | ||
(reversion)/constitution impairment losses of assets | |||||||||
expenses/ reversal with civil, labor and tax provisions | |||||||||
(gain)/loss on sale of fixed assets | |||||||||
(gain)/loss on sale of foreclosed assets | |||||||||
net income before taxes after adjustments | |||||||||
(increase)/decrease in interbank investments | |||||||||
(increase)/decrease in reserve requirement - central bank | |||||||||
(increase)/decrease in trading securities and derivative financial instruments | |||||||||
(increase)/decrease in loans and leases | |||||||||
(increase)/decrease in deferred income tax assets | |||||||||
(increase)/decrease in other assets | |||||||||
(increase)/decrease in other financial instruments | |||||||||
increase/(decrease) in deposits and other financial instruments | |||||||||
increase/(decrease) in deferred income tax liabilities | |||||||||
increase/(decrease) in provisions | |||||||||
increase/(decrease) in other liabilities | |||||||||
funds from issuance of securities | |||||||||
net cash provided by/(used in) financing activities | |||||||||
net increase/(decrease) in cash and cash equivalents | |||||||||
adjustments to net income before income taxes | |||||||||
allowance for loan losses | 10,637,956,000 | 3,260,373 | 3,551,857 | 3,650,406 | 3,905,934 | 2,299,160 | 2,159,287 | ||
depreciation and amortization | 1,368,061,000 | 710,277 | 700,276 | 673,855 | 610,225 | 557,502 | 456,388 | ||
decrease in interbank and interdepartmental accounts | -2,466,248,000 | 266,625 | 118,140 | 444,067 | -435,579 | 1,891,543 | -1,337,179 | ||
decrease in other receivables and other assets | -49,484,226,000 | 3,785,847 | 8,601,631 | -813,768 | |||||
increase in deposits | 8,291,870 | -4,200,333 | 3,193,384 | 11,103,049 | 7,006,341 | -351,411 | |||
increase in securities sold under agreements to repurchase | |||||||||
increase in borrowings and on-lending | |||||||||
increase in deferred income | -20,576,000 | 15,121 | 4,028 | -30,743 | 117,044 | 48,299 | -28,228 | ||
income before income tax and social contribution and non-controlling interests | |||||||||
adjustments to net income before income tax and social contribution | 6,822,328 | 7,692,437 | 6,823,546 | ||||||
(increase)/decrease in interbank and interdepartmental accounts | |||||||||
(increase)/decrease in other receivables and other assets | |||||||||
increase/(decrease) in deposits | |||||||||
increase/(decrease) in securities sold under agreements to repurchase | |||||||||
increase/(decrease) in borrowings and on-lending | |||||||||
increase/(decrease) in deferred income | |||||||||
impairment of loans and advances | |||||||||
net (gains)/losses from disposals of assets available for sale | |||||||||
(gains)/net realized losses on financial assets at fair value through other comprehensive income | |||||||||
deferred acquisition cost | |||||||||
impairment of assets | |||||||||
net incomees from disposal of property and equipment | |||||||||
(gains) on sale of investments in associates | |||||||||
(increase)/decrease in loans and advances to banks | |||||||||
(increase)/decrease in loans and advances to customers | |||||||||
(increase)/decrease in financial assets held for trading | |||||||||
(increase)/reduction in financial assets at fair value through profit or loss | |||||||||
increase/(decrease) in deposits from banks | |||||||||
increase/(decrease) in deposits from customers | |||||||||
increase/(decrease) in financial liabilities held for trading | |||||||||
increase/(decrease) in financial liabilities at fair value through profit or loss | |||||||||
increase/(decrease) in insurance technical provisions and pension plans | |||||||||
increase/(decrease) in other provisions | |||||||||
interest received | |||||||||
other changes in taxes | |||||||||
(acquisitions) of subsidiaries, net of cash and cash equivalents paid/received | |||||||||
(acquisitions) of financial assets available for sale | |||||||||
proceeds from sale of financial assets available for sale | |||||||||
maturity of investments held to maturity | |||||||||
(acquisitions) of investments held to maturity | |||||||||
consolidated financial statements in accordance with international financial reporting standards | |||||||||
impairment losses of assets | |||||||||
issuance of subordinated debts | |||||||||
expenses with adjustment for inflation and interest on technical provisions for insurance, pension plans and capitalization bonds | |||||||||
(increase)/decrease in loans and leasing | |||||||||
(increase)/decrease in insurance and reinsurance receivables and reinsurance assets | |||||||||
increase/(decrease) in technical provisions for insurance, pension plans and capitalization bonds | |||||||||
increase/(decrease) in technical provisions for insurance and pension plans | |||||||||
(acquisitions)/disposal of subsidiaries, net of cash and cash equivalents paid/received | |||||||||
dividends and interest on capital received | |||||||||
dividends received | |||||||||
increase/(decrease) of non-controlling interest | |||||||||
interest on equity and dividends paid | |||||||||
(decrease)/increase in cash and cash equivalents | |||||||||
unrealized (gains)/losses on securities available for sale | |||||||||
impairment losses of financial assets | |||||||||
equity in the earnings (losses) of affiliates and subsidiaries | |||||||||
(increase)/decrease in loan and leasing | |||||||||
increase/(decrease) in funds from issuance of securities | |||||||||
(increase)/decrease in held-to-maturity securities | |||||||||
increase/(decrease) in subordinated debts | |||||||||
increase of subordinated debts | |||||||||
maturity and interest in subordinated debt | |||||||||
equity in the earnings (losses) of investments in associates and joint ventures | |||||||||
effect of changes in exchange rates on cash and cash equivalents | |||||||||
others | |||||||||
(increase)/decrease in compulsory deposits with the central bank | |||||||||
dividends received from investments in associates | |||||||||
disposal of property and equipment | |||||||||
capital transaction | |||||||||
at the beginning of the period | |||||||||
at the end of the period | |||||||||
net profit before income tax and social contribution | 18,049,954,000 | ||||||||
adjustments to net profit before income tax and social contribution | 19,715,669,000 | ||||||||
write-offs through impairment | 108,294,000 | ||||||||
equity in the (earnings/losses) of unconsolidated and jointly subsidiaries | 6,807,698,000 | ||||||||
adjusted net profit before taxes | 37,765,623,000 | ||||||||
decrease in loan and leasing | 15,180,320,000 | ||||||||
decrease in reserve requirement - brazilian central bank | 6,627,542,000 | 774,371 | |||||||
decrease in deposits | -16,911,117,000 | ||||||||
decrease in securities sold under agreements to repurchase | -5,702,436,000 | ||||||||
decrease in funds from issuance of securities | 3,835,506,000 | ||||||||
decrease in borrowings and on-lending | -12,805,590,000 | ||||||||
decrease in other liabilities | 54,809,459,000 | ||||||||
net cash from by operating activities | 21,052,638,000 | ||||||||
decrease in held-to-maturity securities | -127,990,000 | -1,740,034 | |||||||
sale of/maturity of and interests on available-for-sale securities | 49,069,346,000 | 17,991,837 | |||||||
sale of premises and equipment of use | 1,226,102,000 | ||||||||
foreclosed assets received | -900,079,000 | ||||||||
increase in subordinated debts | 661,917,000 | -86,783 | 415,621 | 3,968,869 | 1,616,749 | 617,703 | 436,752 | ||
acquisition of own shares | -9,466,000 | -64,948 | -12,366 | -120,018 | -10,049 | -4,740 | |||
(gain)/loss on sale of investments | |||||||||
(increase)/decrease in reserve requirement - brazilian central bank | |||||||||
(increase)/decrease in deposits | |||||||||
(increase)/decrease in securities sold under agreements to repurchase | |||||||||
(increase)/decrease in funds from issuance of securities | |||||||||
(increase)/decrease in borrowings and on-lending | |||||||||
(increase)/decrease in other liabilities | |||||||||
net cash provided by/(used in) by operating activities | |||||||||
net income before income tax and social contribution | 4,587,070 | 4,254,891 | 2,898,213 | 4,214,067 | 2,689,696 | ||||
equity in the earnings (losses) of subsidiaries and associated companies | |||||||||
other | 19,760 | 36,119 | 101,696 | -95,088 | 236,794 | 46,622 | |||
adjusted net income before taxes | 11,409,398 | 11,947,328 | 9,721,759 | 9,945,168 | 8,076,906 | ||||
decrease/(increase) in trading securities and derivative financial instruments | |||||||||
(increase) in interbank and interdepartmental accounts | |||||||||
(increase) in loan and leasing | -8,153,457 | -7,819,043 | |||||||
decrease/(increase) in other receivables and other assets | |||||||||
(decrease) in deposits | |||||||||
(decrease) in securities sold under agreements to repurchase | |||||||||
increase in funds from issuance of securities | 1,606,046 | 2,652,282 | 2,675,581 | 3,835,088 | |||||
(increase) in held-to-maturity securities | -844,002 | ||||||||
disposal of premises and equipment and leased assets | |||||||||
acquisition of premises and equipment and leased assets | -687,239 | -170,547 | |||||||
net cash (used in) investing activities | |||||||||
net losses from disposals of assets available for sale | |||||||||
expenses with other provisions | |||||||||
deferred selling expenses | |||||||||
equity in the earnings of associates | |||||||||
net losses from disposal of property and equipment | |||||||||
decrease in compulsory deposits with the central bank | |||||||||
increase in loans and advances to customers | |||||||||
decrease in financial assets held for trading | |||||||||
increase in other assets | |||||||||
increase in financial liabilities held for trading | |||||||||
decrease in insurance technical provisions and pension plans | |||||||||
decrease in other provisions | |||||||||
acquisitions of financial assets available for sale | |||||||||
acquisitions of investments held to maturity | |||||||||
redemption of investments held to maturity | |||||||||
acquisitions of investments in associates | |||||||||
disposal of investments in associates | |||||||||
acquisition of property and equipment | |||||||||
acquisition of intangible assets | -414,618 | -474,350 | |||||||
decrease of non-controlling interest | |||||||||
credit operations transferred to non-current assets | |||||||||
unrealized losses on securities available for sale | |||||||||
net losses from disposals on assets available for sale | |||||||||
amortization of goodwill | |||||||||
(gain) on disposal of investments in associated companies | |||||||||
decrease in compulsory deposits in the central bank | |||||||||
(increase) in loans and advances to customers | |||||||||
(increase) in other assets | |||||||||
acquisitions of subsidiaries, net of cash and cash equivalents paid | |||||||||
acquisitions in investments in associated companies | |||||||||
disposal of investments in associated companies | |||||||||
dividends received from investments in associated companies | |||||||||
payment of funds from securities issued | |||||||||
payment of subordinated debts | |||||||||
premium on share subscription | |||||||||
capital increase in cash | |||||||||
(decrease) of non-controlling interest | |||||||||
expenses with adjustment for inflation and interest on technical reserves for insurance, pension plans and capitalization bonds | 1,923,706 | 2,479,917 | 1,496,462 | ||||||
equity in the earnings of unconsolidated companies | -2,007 | -44,590 | -18,610 | -40,667 | -60,562 | -28,755 | |||
(increase) in insurance and reinsurance receivables and reinsurance assets – technical reserves | -72,206 | ||||||||
decrease in technical reserves for insurance, pension plans and capitalization bonds | -188,904 | ||||||||
(increase) in other receivables and other assets | -3,181,788 | -6,209,857 | -3,509,918 | ||||||
increase in federal funds purchased and securities sold under agreements to repurchase | -8,245,187 | 19,563,366 | 12,044,214 | 7,253,080 | 14,488,423 | 14,898,929 | |||
increase in borrowings and onlending | 2,185,814 | -2,495,836 | 782,034 | 3,849,846 | |||||
(purchases)/proceeds from held-to-maturity securities | -64,537 | 26,388 | -666,064 | ||||||
proceeds from the sale of premises and equipment and operating leased assets | 92,159 | 63,521 | 96,629 | 7,662 | |||||
foreclosed asset acquisitions | -460,577 | -230,253 | |||||||
premises and equipment and operating leased asset acquisitions | -250,722 | ||||||||
dividends and interest on shareholders' equity received | 95,203 | 17,179 | 44,732 | 15,891 | 4,820 | 5,190 | |||
net gains from disposals on assets available for sale | |||||||||
gain on disposal of investments in associated companies | |||||||||
increase in loans and advances to banks | |||||||||
acquisition of investments in associated companies | |||||||||
increase of non-controlling interest | |||||||||
unrealized gains/losses on securities available for sale | |||||||||
losses from/provisions for asset impairment | 146,914 | 7,422 | |||||||
(increase) in trading securities and derivative financial instruments | -18,500,401 | ||||||||
(increase) in insurance premiums receivable | -14,373 | -273,531 | |||||||
increase in technical reserves for insurance, pension plans and capitalization bonds | 3,538,433 | 3,339,510 | |||||||
decrease in compulsory deposits in the brazilian central bank | 6,146,949 | -990,407 | |||||||
(purchases)/proceeds from available-for-sale securities | 22,333,285 | -9,379,757 | |||||||
premise and equipment and operating leased asset acquisitions | -314,015 | ||||||||
capital increase in cash and share premium | |||||||||
(reversal)/expenses with civil, labor and tax provisions | 878,092 | 993,161 | 1,117,271 | ||||||
decrease in securities and derivative financial instruments | -12,613,127 | -14,444,072 | -2,902,350 | ||||||
(increase) in loan and leasing operations | -11,121,829 | -12,080,021 | -15,409,448 | ||||||
acquisition of foreclosed assets | -211,634 | -171,831 | -184,877 | -221,585 | |||||
acquisition of investments | -824 | -2,371 | -5,476 | -701 | |||||
acquisition of premises and equipment and operating leased assets | -348,391 | -438,464 | |||||||
capital increase | |||||||||
decrease/increase in non-controlling interests | -59,418 | ||||||||
cash and cash equivalents – at the beginning of the period | 58,541,258 | 42,279,824 | 82,720,913 | ||||||
cash and cash equivalents – at the end of the period | 65,783,698 | 30,113,628 | 71,905,297 | ||||||
impairment of intangible assets | |||||||||
gains on sale of investments in associated companies | |||||||||
increase in compulsory deposits in the central bank | |||||||||
net increase in deposits from banks | |||||||||
net increase in deposits from customers | |||||||||
income and social contribution taxes paid | |||||||||
net cash provided by/ | |||||||||
increase/(decrease) in cash and cash equivalents | |||||||||
exchange of shares on acquisition of odontoprev | |||||||||
net income before income tax and social contribution and non-controlling interest | 2,349,238 | ||||||||
adjustments to net income before taxes and non-controlling interest | 5,521,706 | ||||||||
expenses for principal and interest from technical provisions for insurance, private pension plans and savings bonds | 1,582,155 | ||||||||
adjusted net income before taxes and non-controlling interest | 7,870,944 | ||||||||
(increase) in interbank investments | -14,279,607 | -16,987,225 | |||||||
(increase) in securities and derivative financial instruments | -27,103,427 | ||||||||
decrease in insurance premiums receivable | -58,964 | 71,444 | 295,236 | ||||||
increase in technical provisions for insurance, private pension plans and savings bonds | 1,578,313 | 3,060,105 | 619,521 | ||||||
decrease in reserve requirements in the brazilian central bank | -4,545,508 | ||||||||
cash flow from investment activities: | |||||||||
(purchases)/proceed from available-for-sale securities | 14,388,515 | ||||||||
(purchases of) held-to-maturity securities | -668,913 | ||||||||
divestments | 5,242 | 104,275 | -534 | ||||||
capital increase in cash and goodwill in share subscription | |||||||||
net income before income tax | |||||||||
adjustments to reconcile net income to net cash flow from operating activities : | |||||||||
net losses from disposal of intangible assets | |||||||||
gains on sale of non-consolidated investments | |||||||||
increase in loans and advances to financial institutions | |||||||||
decrease in current income tax assets | |||||||||
decrease of deferred tax assets | |||||||||
net increase in deposits from financial institutions | |||||||||
increase in isurance technical provisions and pension plans | |||||||||
increase in provisions for contingencies | |||||||||
decrease in current income tax liabilities | |||||||||
increase of deferred tax liabilities | |||||||||
dividend received | |||||||||
acquisitions of financial assets held to maturity | |||||||||
redemption of financial assets held to maturity | |||||||||
acquisition of non-consolidated investments | |||||||||
disposal of non-consolidated investments | |||||||||
acquisition of tangible assets | |||||||||
disposal of tangible assets | |||||||||
unrealized gains on securities available for sale | |||||||||
translation adjustment in foreign subsidiary | |||||||||
adjustments to net income before taxes | 5,731,101 | 5,387,210 | |||||||
expenses with restatement and interest from technical provisions for insurance, private pension plans and savings bonds | 1,754,206 | 1,493,549 | |||||||
minority interest | -235,500 | 1,200 | |||||||
net cash from/used in operating activities | -33,933,570 | -4,307,270 | |||||||
(increase) in reserve requirements in the brazilian central bank | -16,098,624 | -17,501,089 | |||||||
(increase) in available-for-sale securities | -3,384,164 | -4,128,146 | |||||||
proceeds from the sale of premises and equipment and leased assets | 18,919 | 114,989 | |||||||
investment in intangible assets | -1,122,554 | -233,654 | |||||||
net cash from/used in investing activities | -22,148,227 | -23,796,588 | |||||||
increase in funds from issue of securities | 3,924,567 | 1,067,929 | |||||||
increase in borrowings and onlendings | 198,235 | 2,880,008 | |||||||
capital increase by share merger | |||||||||
dividends and interest on shareholders' equity paid | -396,666 | ||||||||
net cash from/used in financing activities | 25,828,554 | 17,288,242 | |||||||
cash and cash equivalents at the beginning of the period | 66,493,625 | ||||||||
cash and cash equivalents at the end of the period | 36,240,382 | ||||||||
the notes are an integral part of the financial statements | |||||||||
goodwill amortization | 58,873 | ||||||||
impairment losses/losses on assets | -2,445 | ||||||||
decrease in loan and leasing operations | -11,117,654 | ||||||||
decrease in intangible assets | 52,345 | ||||||||
capital increase by merger of shares | |||||||||
net income | |||||||||
adjustment to reconcile net income to net cash from operating activities: | |||||||||
provision for loan losses | |||||||||
provision for other investments | |||||||||
provision for insurance, pension plans, certificated savings plans and pension investment contracts | |||||||||
equity in earnings of unconsolidated companies | |||||||||
losses on foreclosed assets | |||||||||
net realized gains on available for sale securities, including impairment losses | |||||||||
losses on sale of premises and equipment | |||||||||
(gains) on sale of unconsolidated companies | |||||||||
deferred tax benefit | |||||||||
dividends received from unconsolidated companies | |||||||||
changes in assets and liabilities | |||||||||
net decrease in interest receivable | |||||||||
net increase in interest payable | |||||||||
decrease in trading assets | |||||||||
net increase in foreign exchange portfolio | |||||||||
net decrease in brazilian central bank compulsory deposits | |||||||||
net decrease in federal funds sold and securities purchased under agreements to resell | |||||||||
purchases of available for sale securities | |||||||||
proceeds from sale of available for sale securities | |||||||||
purchases of held to maturity securities | |||||||||
proceeds from maturities of held to maturity securities | |||||||||
net increase in loans | |||||||||
acquisition of subsidiaries, net of cash and cash equivalents paid | |||||||||
purchases of unconsolidated companies | |||||||||
purchases of premises and equipment | |||||||||
proceeds from sale of premises and equipment | |||||||||
proceeds from sale of unconsolidated companies | |||||||||
net increase in deposits | |||||||||
net increase in federal funds purchased and securities sold under agreements to repurchase | |||||||||
net increase in pension plans investment contracts | |||||||||
net increase in short-term borrowings | |||||||||
borrowings under long-term debt | |||||||||
repayment of long-term debt | |||||||||
noncontrolling interest | |||||||||
sale of shares by a subsidiary | |||||||||
purchase of own shares | |||||||||
dividends and interest paid on shareholders' equity | |||||||||
at beginning of the year | |||||||||
at end of the year | |||||||||
decrease in cash and cash equivalents | |||||||||
supplemental cash flow disclosure | |||||||||
cash paid for interest | |||||||||
cash paid for taxes on income and social contribution | |||||||||
non-cash transaction | |||||||||
loans transferred to foreclosed assets | |||||||||
dividends and interest on shareholders' capital declared but not paid | |||||||||
issuance of shares for bmc acquisition | |||||||||
issuance of shares for banco ibi acquisition | |||||||||
exchange of equity interest in odontoprev |