Earnings Release 3Q17
Earnings
Release 3Q17
This presentation may include references and statements,
planned synergies, estimates, projections of results, and future
strategy for Banco do Brasil, its Associated and Affiliated
Companies, and Subsidiaries. Although these references and
statements reflect the management’s belief, they also involve
estimates and unforeseen risks. Consequently, results may
differ from those anticipated and discussed here. These
expectations are highly dependent on market conditions, on
Brazil’s economic and banking system performances, as well
as on international market conditions. Banco do Brasil is not
responsible for updating any estimate in this presentation.
Disclaimer
Index
Strategic Guidelines 4
Net Income 5
Earnings Breakdown 6
Market Ratios 7
Commercial Funding 8
Loan Portfolio 9
Gross Disbursements 10
Individuals Portfolio 11
Loans to Companies 12
Agribusiness 13
Delinquency Ratios (+90 days) 14
Delinquency Ratio by Segment 15
ALL Balance and Coverage Ratio 16
Coverage Ratio by Segment 17
Average Risk and Loan Portfolio by Risk Level 18
Provision Expenses Flow / Loan Portfolio 19
NPL Formation 20
NPL Formation by Segment 21
Renegotiated Overdue Loan Portfolio 22
Net Interest Income 23
Spread by Portfolio 24
Net Interest Margin 25
Fee Income 26
Administrative Expenses 27
BIS Ratio 28
Full Application of Basel III Rules 29
Guidance 2017 30
Save the date 31
Appendix 32
Profitability,
efficiency, control of
delinquency and
capital
Customer
Experience
Digital
Transformation
Str
ate
gic
Gu
ide
lin
esHighlights 9M17 / 9M16
Fee Income
9.9% growth.
Administrative Expenses
Under control, 2.7% decline.
Cost to income ratio¹
Reached 38.5%.
(1) Cost to Income Ratio: Administrative Expenses / Operating Revenues accumulated in 12 months. Data from the Income Statement with
Reallocations.4
Net Income
+45.1%
9M179M16
5.424
2.337
2.708
3.087
7.872
5.164
Adjusted Net Income 1HAdjusted Net Income 3Q
+11.8%
9M179M16
7.070
2.246
5.062
7.903
2.841
4.824
Net Income 1HNet Income 3Q
5
3Q16 2Q17 3Q17 9M16 9M17
Shareholders ROE % 13.4 14.1 14.1 10.1 13.5
Market ROE % 12.0 12.8 12.8 9.1 12.3
Profitability Ratios
R$ billion
Earnings Breakdown
6
(3.24)
(4.68)
14.25
(6.26)
6.56
(7.92)
(3.93)
2.71 0.13 2.84
Personnel
Expenses
NII ALL
(9.38)
Fee Income
(14.17)
OtherAdministrative
Expenses
Adjusted
Net Income
One-Off Items Net Income
7.87
43.33
(19.63)
19.21
(23.55)
(11.48)
0.03 7.90
3Q17
9M17
R$ billion
Personnel
Expenses
Market RatiosDividend Yield² (%)Earnings per Share
Price/Book ValuePrice/Earnings 12 months
(1) Bloomberg estimative on November, 08, 2017 based on analysts’ projections average. Banco do Brasil is not responsible for this information. (2) Dividends and Interest on Capital 12 months / Market Capitalization. Source: Economatica.
Source: Economatica.
3Q16 4Q16 3Q171Q17 2Q17 2017E¹ 2018E¹
6.63
9.74
7.36
11.59
9.0210.96
8.58
1Q17
0.90
3Q173Q16 4Q16 2Q17 2017E¹ 2018E¹
0.74
1.05
0.820.93
1.04 1.03
3Q16 2Q174Q16
3.26
1Q17 3Q17 2017E¹ 2018E¹
4.86
3.012.57 2.68
3.213.670.84 0.86
2Q17 3Q173Q16 4Q16
0.34
1Q17
0.80
0.63
0.90 0.94 0.95 1.01 0.97
Earnings per Share - R$ Adjusted Earnings per Share - R$
4.50
2015 2016 2017E¹ 2018E¹
2.57
5.05
4.12
2.84
4.00
4.67
3.86
Source: Economatica.
7
(1) Includes the balance of CRI (Certificates of Real Estate Receivables). (2) Includes part of the balances of the Private Securities shown on Notes to the Consolidated Financial Statements.
204.2
584.4
61.6
Sep/16 Sep/17
23.9
69.3
203.5
148.7
Jun/17
150.6
151.8
31.6
142.0
199.4
25.620.1
20.7
Dec/16
148.9
201.2
120.8133.7
64.0
18.3 19.6
Mar/17
61.8
210.5
151.0
62.424.919.0
154.5
113.0
22.0
619.9 613.6 588.5 572.1
Time Deposits Rep. Agreement with Private Securities²Savings Deposits Agribusiness Let. Credit + Mortgage Bonds¹ Demand Deposits Interbank Deposits
Commercial Funding
R$ billion
8
88.788.189.7 86.8 87.5
Adjusted Net Loan Portfolio / Commercial Funding
%
Loan Portfolio – Expanded View¹R$ billion
Jun/17
696.1
277.2
185.9
188.2
44.9
Mar/17
688.7
280.8
185.1
180.1
42.7
Dec/16
708.1
294.7
187.8
179.8
45.7
Sep/16
735.4
316.8
187.6
179.6
51.5
Sep/17
677.0
267.7
187.5
180.7
41.2
CompaniesIndividualsAgribusinessForeign Branches and Subsidiaries
-11.3 -11.4-7.6-6.9 -7.9
Growth in 12 months (%)
(1) It includes private securities and guarantees provided. 9
43.1
25.5
24.4
7.0
26.7
39.5
27.7
6.1
% %
136168
12312091
117100
3Q172Q171Q174Q163Q162Q161Q16
195217
184
139
97106100
3Q162Q161Q16 3Q172Q171Q174Q16
126
171
86
140
91
157
100
4Q163Q162Q161Q16 3Q172Q171Q17
123157
12111199107100
3Q172Q171Q174Q163Q162Q161Q16
10
Brazil
Disbursements – quarterly average¹ (1Q16 base 100)
Agribusiness
Individuals
Companies
(1) Does not include revolving lines of credit and overdraft.
+0.8%
Sep/17Jun/17
53.6
43.0
10.5
Sep/16
53.1
41.2
11.9
43.7
9.9
53.5
Mortgage - IndividualsMortgage -Companies
2.151.42 2.27
Individuals Mortgage NPL 90 (%)²
+4.4%
Sep/17Jun/17
64.2
87.8%
9.6% 2.6%
Sep/16
62.8
88.5%
8.5% 3.0%
87.7%
65.6
9.7% 2.6%
Civil Servants
INSS´s Retirees and Pensioners
Private Sector Employees
1.821.30 1.89
NPL +90 days (%)²
-2.0%
Sep/17Jun/17
19.8
Sep/16
20.3 19.9-25.1%
Sep/17Jun/17
5.4
Sep/16
6.8
5.1
4.942.78
4.86
NPL +90 days (%)²
1.290.97 1.06
NPL +90 days (%)²
R$ billion
Individuals Portfolio¹: Lower risk lines of credit
Individuals
Market
Share
7.8%
Market
Share
21.6%
(1) BB Organic Portfolio. (2) BB Classified Loan Portfolio.
PayrollMortgages
Auto LoansSalary Loans
11
6.1%
Chg. (%)
on Sep/16
Loans to Companies – Expanded View¹
-3.4%-15.5%
Sep/17
267.7
215.9
51.7
Jun/17
277.2
219.8
57.4
Sep/16
316.8
241.9
74.9
Middle Market, Corporates and GovernmentVery Small and Small Companies²
-30.9%
-10.7%
12
-9.9%
-1.8%
(1) It includes private securities and guarantees provided. (2) Companies with annual revenues up to R$ 25 million.
Chg. (%) on Sep/16 Chg. (%) on Jun/17
R$ billion
60.1 % Market Share²
158.2
Jun/17Sep/16
30.530.0
149.1
24.2
156.5
Sep/17
179.6188.2 180.7
+0.6% -4.0%
Agroindustrial Rural
Agribusiness¹R$ billion
(1) It includes Rural Product Bills and guarantees provided. (2) Source: Brazilian Central Bank – Sep/2017. 13
Disbursements in the 3rd Quarter
(R$ billion)
+5.0%
-20.7%
Chg. (%) on Sep/16
-19.2%
-1.1%
Chg. (%) on Jun/17
Crop 17/18
15.5%
Crop 16/17
18.8%
26.9%
54.3%
64.9%
19.6%
15.6
19.3
+24.1%
Medium Size Producers - Pronamp
Small Producers - Pronaf
Companies
3.50
Sep/16
4.11
3.29
Dec/16
3.94
Mar/17
3.89
Jun/17 Sep/17
BB
14
3.90
3.703.70 3.70
3.60
Banking Industry
Delinquency Ratio (+90 days)¹
(1) BB Classified Loan Portfolio.
8.93
5.26
5.97
8.47
Dec/16
6.94
1.811.79
9.29
Sep/16
11.09
2.30
Mar/17
2.59
6.46
9.41
2.24
Jun/17
6.58
Sep/17
6.70
Dec/16
2.56 2.67
0.96
5.26
Mar/17
5.83
1.61
Sep/16
0.99
3.09
Jun/17
6.83
1.28
3.34
7.35
1.39
3.49
Sep/17
NPL Ratio +90 days (%) NPL Ratio +15 days (%)
Individuals AgribusinessCompanies
Delinquency Ratio¹ by Segment
15(1) BB Classified Loan Portfolio.
159.4
143.3
167.7
146.5
152.3
178.4186.1186.5
175.7 174.4
ALL Balance and Coverage Ratio
R$ million
(1) Banking Industry: Ratio created through Average Risk Index available at SGS (Time Series Management System) of the Brazilian Central Bank. 16
34,535
Sep/16
34,728
1,535
37,806
Sep/17Dec/16
1,686
36,070
Mar/17
36,414
36,030
1,851
Jun/17
35,675
2,13037,514 37,881
Supplementary ProvisionMinimum ProvisionRequired Provision
%
BB +90 days BI +90 days¹
Coverage Ratio by Segment
4Q16
228.9
145.8
199.6
3Q16
295.6
141.0
190.9
3Q17
161.7
137.8
171.2
2Q17
167.0
126.0
177.1
1Q17
181.7
128.3
183.9
153.1
829.7
206.4435.0
118.9
ForeignAgribusinessCompaniesIndividuals
17
%
Average Risk and Loan Portfolio by Risk Level
Loan Portfolio by Risk Level
91.0% of the
transactions are
concentrated in
levels AA to C
(1) Required Provision / BB Classified Loan Portfolio. Source: SGS (Brazilian Central Bank). 18
9.0%
10.1%
20.9%
10.5%
49.5%
D-HCBAAA
Jun/17
6.90
5.89
Mar/17
6.80
5.70
Dec/16
6.60
5.52
Sep/16
6.50
5.58
Sep/17
6.01
6.70
Banking IndustryBanco do Brasil
Average Risk¹ (%)
Provision Expenses Flow / Loan Portfolio (%)0.70
0.270.450.41 0.39
0.55
0.75
1.66
0.99
0.66
0.87
0.55
0.94
1.70
1.04
0.46
0.91
1.83
1.05
-0.24
1.18
2.21
1.15
0.99
1.55
1,627
929
3,526
175
3Q16
6,644
1,411
4,370
132 730
2Q17
6,658
1,743
3,979
188 748
1Q17
6,713
1,677
4,370
60 606
4Q16
7,486
2,207
5,517
98
-336
3Q17
6,257
Individuals
Companies
Foreign
Agribusiness
ALL by Segment (R$ million)¹
(1) Quartely ALL expenses including the write-off recovery.
Agribusiness
Individuals
Companies
Total
Foreign
19
NPL Formation
6.97
3Q16
7.12
2Q16
9.73
1Q16
7.39
4Q15
6.22
3Q15
5.59
3Q17
4.68
2Q17
6.84
1Q17
9.75
4Q16
0.731.07
1.49
1.041.031.38
1.030.870.81
133.6697.40
68.82107.4393.3285.05
123.80112.32104.30
2Q17
8.44
1Q17
10.10
4Q16
7.63
3Q16
7.55
2Q16
10.48
1Q16
7.93
4Q15
7.13
3Q15
6.16
3Q17
5.13
New NPL (R$ billion)¹
24.16% of the total
contracts in 3Q17 were 90
days past due transactions.
Including the past
due renegotiated
loan portfolio³
20
78.94
121.90
78.8766.4798.1488.03
115.3498.1094.70
0.80
1.321.551.131.09
1.491.101.000.89
New NPL / Loan Portfolio (%)²
(1) Quarterly change in the balance of transactions over 90 days past due + current quarter write-off. (2) It considers the Classified Loan Portfolio of the previous quarter.
(3) Flow of transactions over 90 days past due in the renegotiated loan portfolio.
Quarterly ALL/New NPL (%)
NPL Formation by Segment
4Q163Q15
1.28
3Q174Q15 1Q16 2Q16 3Q16 1Q17 2Q17
1.16 1.17
1.761.70 1.61 1.571.87 1.75
0.65 0.840.65 0.950.93 0.68 0.85 1.00 0.94
105.46 113.12 140.2082.97 87.75100.34 89.78 99.12 92.98
Ind
ivid
ua
ls
Ag
rib
us
ine
ss
2Q173Q163Q15 4Q15 4Q161Q16 2Q16 1Q17
4.71
3Q17
3.61 4.155.02 4.63 4.55
6.41
4.11
2.22
New NPL (R$ billion)¹
94.34106.13158.52
103.98 100.94 115.35 121.20 96.8668.14
Quarterly ALL/New NPL (%)
1.26 1.43 1.731.58 1.721.750.95
1.69 2.57
21
Co
mp
an
ies
0.98
2Q16
0.87
3Q15 3Q16
0.70
4Q15 1Q16 2Q174Q16 1Q17 3Q17
0.700.84
1.02
0.37
0.720.89
105.7276.26 113.28 106.18 104.44 86.40
-46.6159.35 104.54
0.42 0.480.21
0.49 0.56 0.400.38 0.57 0.47
New NPL / Loan Portfolio (%)²
(1) Quarterly change in the balance of transactions over 90 days past due + current quarter write-off. (2) It considers the Classified Loan Portfolio of the previous quarter.
Renegotiated Overdue Loan Portfolio
22
3Q16 2Q17 3Q17
Credits Renegotiated When Past Due - Changes
Initial Balance 25,050 26,618 27,042
Contracts 2,758 3,622 1,870
Amortization Net of Interest¹ (744) (1,211) (773)
Write-Off (1,370) (1,986) (2,273)
Past due Renegotiated Loan Portfolio (A) 25,694 27,042 25,867
ALL Balance (B) 10,784 12,924 12,415
NPL + 90 days (C) 6,370 7,094 6,360
Indicators - %
ALL / Loan Portfolio (B/A) 42.0 47.8 48.0
NPL + 90 days / Loan Portfolio (C/A) 24.8 26.2 24.6
ALL Balance/NPL + 90 days (B/C) 169.3 182.2 195.2
Credits Renegotiated/Classified Loan Portfolio 3.8 4.2 4.1
2Q17
1.67
1Q17
1.97
4Q16
2.37
3Q16
2.10
3Q17
1.54
New NPL (R$ billion)²
6.277.289.248.37 5.69
New NPL / Loan Portfolio (%)³
NPL Formation
R$ million
(1) Principal and interest payments net of interest accrued in the period. (2) Quarterly change in the balance of over 90 days past due transactions + current quarter write-off. (3) It considers the Classified Loan Portfolio of the previous quarter.
Credits Renegotiated Contracts %
0 to 14 days Past due 621 33.19
15 to 90 days Past due 588 31.43
Over 90 days Past due 452 24.16
Writen-Off Recovery 210 11.22
Total 1,870 100
Net Interest Income
(1) It includes senior bonds, subordinated debt, and Hybrid Instruments in Brazil and abroad.
(2) It includes the result from interest, tax hedging, derivatives, and other financial instruments that offset the effects of the exchange rate variation in the result.
(3) Series revised (Funding Expense for Institutional Funding and Treasury). Impact in all tables with those lines.
R$ million
23
Chg. (%) on
3Q16 2Q17 9M16
Net Interest Income 15,099 14,606 14,247 (5.6) (2.5) 44,008 43,330 (1.5)
Net Interest Income W/O Recovery 14,131 13,212 13,153 (6.9) (0.4) 40,796 39,886 (2.2)
Loan Operations 26,117 21,786 21,412 (18.0) (1.7) 76,506 66,809 (12.7)
Funding Expenses (11,366) (8,404) (7,814) (31.3) (7.0) (33,330) (25,972) (22.1)
Financial Expense for Institutional Funding¹ ³ (3,524) (3,040) (3,197) (9.3) 5.2 (10,358) (9,603) (7.3)
Treasury² ³ 2,904 2,870 2,753 (5.2) (4.1) 7,978 8,652 8.5
Recovery of Write-offs 968 1,394 1,094 13.0 (21.6) 3,212 3,444 7.2
9M16 9M173Q16 2Q17 3Q17Chg. (%) on
Spread by Portfolio
(1) Government loans not included.
2Q17
4.72
5.01
7.34
5.07
4.67
16.32
7.42
3Q17
6.10
7.86
16.48 16.12
1Q17
4.83
6.05
7.67
16.11
4Q16
5.00
6.34
7.98
16.60
3Q16
4.97
AgribusinessCompanies¹Loan OperationsIndividuals
24
%
Net Interest Margin¹
25
3T17
2.54
4.56
2T17
2.54
4.70
1T17
2.54
4.77
4T16
2.54
5.00
3T16
2.69
4.83
%
Spread Ajustado pelo riscoSpread Global
(1) Net interest income / average balance of earnings assets, annualized.
R$ million
Fee Income
26
Chg. (%) on
3Q16 2Q17 9M16
Fee Income 5,972 6,432 6,562 9.9 2.0 17,476 19,207 9.9
Checking Account Fees 1,600 1,712 1,777 11.1 3.8 4,569 5,087 11.3
Asset Management Fees 1,119 1,336 1,419 26.9 6.2 3,198 4,051 26.6
Insurance, Pension and Premium Bonds 751 665 809 7.7 21.5 2,283 2,237 (2.0)
Credit / Debit Cards¹ 460 486 487 5.9 0.1 1,342 1,460 8.8
Loan Fees 374 550 403 7.5 (26.8) 1,179 1,365 15.8
Collections 424 372 354 (16.3) (4.8) 1,264 1,109 (12.2)
Billings 254 270 270 6.4 0.0 771 813 5.4
Capital Market 165 180 198 20.1 10.4 485 548 13.0
Consortium 156 175 191 22.3 9.3 394 527 33.6
National Treasury and Manag. of Official Funds 151 171 177 17.7 3.8 432 515 19.2
Interbank 45 39 36 (18.6) (7.5) 134 117 (12.6)
Other 475 475 440 (7.3) (7.3) 1,424 1,377 (3.3)
3Q16 2Q17 3Q17 9M16 9M17Chg. (%) on
(1) Series revised in 3Q17 in accordance with Bacen Circular Letter No. 3,828/2017.
39.738.5
Cost to Income Ratio (12 months)
9M17
9,380
15,028
9M16
9,173
14,173
24,201 23,553
-2.7%
Personnel Expenses Other Administrative Expenses
R$ million
Administrative Expenses and Cost to Income Ratio¹
27
2Q17
5,283
3,137
3Q16
3,236
4,6794,817
3Q17
3,047
8,419 7,864 7,915
-6.0%
38.539.7 38.9
(1) Cost to Income Ratio: Administrative Expenses / Operating Revenues. Data from the Income Statement with Reallocations. (2) Very Small and Small Companies.
Sep/16 Sep/17
Points of Service
Employees
Branches
109,159 99,305
5,430 4,871
1,736 2,062
Own Service Network 17,092 15,085
Exclusivo Office
216 249
Estilo Office - 9
Customer Service
Points326 762
Estilo Branch
11 63
MPE² Office 11 39
-0.3
-0.3
-2.6
-6.3
-0.4
200.0
-5.9
61.5
21.9
5,192 4,511Traditional Branches -1.1
238 360Digital Service 11.1
∆ Sep/17 (%)
on Sep/16 on Jun/17Jun/17
99,603
4,885
2,117
16,098
250
3
810
39
32
4,561
324
-9.0
-10.3
18.8
-11.7
15.3
133.7
472.7
254.5
-13.1
51.3
-
%
BIS Ratio
28
17.5918.48 18.15 18.01
19.15
12.18 12.79 12.41 12.4213.29
9.07 9.59 9.20 9.18 10.04
Sep/16 Dec/16 Mar/17 Jun/17 Sep/17
Tier II Tier I Common Equity Tier I
Use of Tax Credits
0.4
BIS Ratio with Fully
Loaded Basel III Rules
18.2
RWA Rules Anticipation
-0.3
BIS Ratio with
full deductions
18.519.1
BIS Ratio
-0.6
Deductions Schedule
Anticipation
Simulated BIS Ratio
under complete
Basel III Rules
18.6
0.3
Simulated Tier 1
under complete
Basel III Rules
12.7
Use of Tax CreditsTier 1 with Fully
Loaded Basel III Rules
12.4
RWA Rules Anticipation
-0.2
Tier 1 with full
deductions
12.6
Deductions Schedule
Anticipation
-0.7
Tier 1
13.3
BIS
Full Application of Basel III Rules
9.3
Deductions Schedule
Anticipation
-0.7
Common Equity
Tier I (CET1)
10.0
RWA Rules Anticipation
-0.2
CET1 with full
deductions
Simulated CET1
under complete
Basel III Rules
9.5
Use of Tax Credits
0.3
CET1 with Fully
Loaded Basel III Rules
9.1
Tie
r1
CE
T 1
%
29
Guidance 2017
30
Guidance
2017
9M17
Performance
Adjusted Net Income - R$ billion 9.5 to 12.5 7.9
NII (Net of Recovery of Write-offs) - % -4 to 0 -2.2
Organic Domestic Loan Portfolio - Broad Definition - % -4 to -1 -6.9
Individuals - % 2 to 5 1.1
Companies - % -11 to -8 -16.0
Rural Loans - % 6 to 9 5.0
ALL Expenses net of Recovery of Write-offs - R$ billion -23.5 to -20.5 -16.2
Fee Income - % 6 to 9 9.9
Administrative Expenses - % -2.5 to 0.5 -2.7
December, 6th – 2:30 p.m.
Apimec Meeting¹
Renaissance Hotel - São Paulo
Save the
date
(1)The meeting will be broadcasted live through the Investor Relations website.
Appendix
Guarantees and Provisions 33
One-Off Items 34
Income Statement with Reallocations – Main Lines 35
Earning Assets Breakdown 36
Guarantees and Provisions
Jun/17
356
15,254
Mar/17
379
17,178
Dec/16
431
17,957
Sep/16
491
18,241
Sep/17
324
13,928
ProvisionsGuarantees Provided
2.32.22.42.7 2.3
Provisions/Guarantees
R$ million
33
One-Off ItemsR$ million
34
Chg. (%) on
3Q16 2Q17 9M16
Adjusted Net Income 2,337 2,649 2,708 15.9 2.2 5,424 7,872 45.1
One-Off Items (91) (30) 133 - - 1,646 31 (98.1)
Economic Plans (323) (64) (280) (13.3) 336.0 (890) (571) (35.9)
Extraordinary Provision for Law suits 147 6 10 (93.4) 72.2 813 103 (87.3)
Additional Allow ance for Loan Losses - - - - - 3,257 - -
IPO - IRB - - 173 - - - 173 -
Neonergia - - 183 - - - 183 -
Tax Eff. and Stat. Prof. on One-Off Items 85 28 47 (44.5) 66.3 (1,532) 142 -
Net Income 2,246 2,619 2,841 26.5 8.5 7,070 7,903 11.8
Chg. (%) on3Q16 2Q17 3Q17 9M16 9M17
Income Statement with Reallocations – Main LinesR$ million
Chg. (%) on
3Q16 2Q17 9M16
Net Interest Income 15,099 14,606 14,247 (5.6) (2.5) 44,008 43,330 (1.5)
Allowance for Loan Losses (6,644) (6,658) (6,257) (5.8) (6.0) (24,065) (19,628) (18.4)
Net Financial Margin 8,455 7,948 7,990 (5.5) 0.5 19,943 23,702 18.8
Fee income 5,972 6,432 6,562 9.9 2.0 17,476 19,207 9.9
Contribution Margin 13,153 13,149 13,294 1.1 1.1 33,630 39,158 16.4
Administrative Expenses (8,419) (7,864) (7,915) (6.0) 0.7 (24,201) (23,553) (2.7)
Commercial Income 4,613 5,157 5,251 13.8 1.8 9,100 15,231 67.4
Other Operating Income 87 30 (135) - - 536 (9) -
Income Before Taxes 4,126 4,731 4,330 4.9 (8.5) 7,800 13,274 70.2
Income and Social Contribution Taxes (1,079) (1,334) (799) (26.0) (40.1) (408) (3,128) -
Statutory Profit Sharing (303) (354) (362) 19.5 2.1 (734) (1,024) 39.4
Adjusted Net Income 2,337 2,649 2,708 15.9 2.2 5,424 7,872 45.1
One-Off Items (91) (30) 133 - - 1,646 31 (98.1)
Net Income 2,246 2,619 2,841 26.5 8.5 7,070 7,903 11.8
3Q16 2Q17 3Q17Chg. (%) on
9M16 9M17
35
Earning Assets Breakdown
36
4.7%
44.9%50.4%
Other Secur. + Interbank Invest. w/o Hedge Loans and Leasing Operations
4.9%
45.5% 49.5%
Agribusiness32.2%
Retail Operations¹35.3%
32.4% Wholesale Operations²
32.6%
33.9%
33.5% Retail Operations¹
Wholesale Operations²
Agribusiness
3Q172Q17
(1) Includes loans with individuals, very small and small companies. (2) Includes loans with Government and remaining companies.
Av. Paulista, 1230
18th. floor – Bela Vista
São Paulo/SP - Brasil - CEP 01310-100
www.bb.com.br/ir [email protected] +55 (11) 4298-8000