DOCSLIB.ORG

FACT SHEET 1H20 Sep-19 Dec-19 Mar-20 Dec-19 Mar-20 Jun-20

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FACT SHEET 1H20 Sep-19 Dec-19 Mar-20 Dec-19 Mar-20 Jun-20 INDICATORS Credit Portfolio 34,647 36,183 36,186 Total Assets 81,550 83,270 86,583 FACT SHEET 1H20 Sep-19 Dec-19 Mar-20 Dec-19 Mar-20 Jun-20 CORPORATE PROFILE Credit Portfolio 36,183 36,186 35,966 Founded in 1928, Banco do Estado do Rio Grande do Sul S.A. is a multiple-service bank controlled by the State of Rio Grande do Sul, with strong penetration among the population of the state that strengthens its identity as a regional bank. Dec-19 Mar-20 Jun-20 Funding STRATEGY 59,501 60,285 63,011 Conservative, sustainable loan portfolio; profitability in line with industry. Retail lending oriented – individuals and SME. Leadership position in Rio Grande do Sul. Strengthen Banrisul’s relationship with public entities and consolidate its presence in the public sector. Dec-19 Mar-20 Jun-20 Invest in technology to reduce costs, obtain economies of scale, promote productivity and expand Shareholders' Equity the range of products offered. 7,794 8,069 8,219 OWNERSHIP BREAKDOWN Dec-19 Mar-20 Jun-20 State of Rio 98.1% ON Free Float 1.9% ON Grande do 54.5% PNA 45.5% PNA Sul 0,0% PNB 100.0 % PNB 49.4% Total 50.6% Total Banco do Estado do Rio BANRISUL’S SERVICE NETWORK Grande do Sul S.A. 1,117 Service Network 514 Branches Banrisul S.A. Banrisul S.A. Banrisul Banrisul 181 Service Posts Adm. Corretora de Armazéns Cartões S.A. Consórcios VM e Câmbio Gerais S.A. 422 Electronic Service Points 99.5% Total 99.8% Total 99.7% Total 98.9% Total Rio Grande do Sul: 491 Branches Santa Catarina: 17 Branches Other States: 4 Branches Bem Promotora Banrisul Icatu VeroGo Abroad: Miami and Cayman Islands de Vendas e Participações Serviços S.A. S.A. 49.9% Total 6.0% Total FACT SHEET | 1H20 49.9% Total CORPORATE GOVERNANCE INCOME Listed on B3 S.A. - Brasil, Bolsa, Balcão (Brazilian Securities and Derivatives Stock Exchange) Corporate 1H20 1H19 Change Governance Level 1, Banrisul fully meets the requirements of its listing level and other corporate governance’s requirements as Adjusted Net Income 377.3 625.6 -39.7% well, in line with best market practices, on behalf of greater NII 2,506.9 2,697.3 -7.1% transparency, fairness and proper accountability, while Operational Income 568.8 906.8 -37.3% 1 enhancing credibility of investors and customers. Pursuant to Efficiency Ratio 52.6% 51.4% 1,2 pp. CVM (Brazilian Securities and Exchange Commission) Instruction 2 Return on Equity 9.4% 16.9% -7,5 pp. No. 381/2003, Banrisul informs that KPMG Auditores Independentes was hired in 2016 as the result of a bidding process (Public Bid 586/2015), as established by the Public Procurement Law No. 8666, provided services related to independent audit during the 1H20. TECHNOLOGICAL MODERNIZATION Banrisul’s technological modernization process Revenue Composition includes the digital transformation trend, the expansion of IT infrastructure and has been increasingly committed to the Financial Fees and security of information. In 1H20, Banrisul invested R$182.5 Revenue Services million in technological modernization. In the first half of 79% 15% 2020, several actions were performed aiming to improve security mechanisms, such as those related to employees internal accesses control, as well as the increase in the continuous processes for the evaluation of vulnerabilities. Others 6% HUMAN RESOURCES Banrisul ended 1H20 with 10,216 employees, 45% female and 55% male, and 766 graduate and undergraduate interns. In the first half of 2020, corporate education had a participation of 35.0 thousand hours in on-site courses made available to employees and 79.5 thousand hours in distance BASEL RATIO learning courses, totaling 114.5 thousand hours of training. BUSINESS STRATEGIES 15.8% 16.2% 15.1% 15.1% 16.0% 1.5% 1.3% 0.8% 1.3% 0.8% The Company reinforces services to retail customers in the individual segment and expand the service to small and medium-sized companies. The focus of commercial activity in 14.9% 15.2% 14.3% 13.8% 14.3% the individual segment prioritizes, within the public sector, particularly payroll credit lines offered to civil servants and INSS retirees, as well as the to improve relationship with self- employed professionals, young public and high net-worth Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 customers. As for companies, the commercial drive is towards Basel Ratio Tier I Basel Ratio Tier II medium, small companies and micro-enterprises. CONTACT IR IGC IFNC Alexandre Pedro Ponzi Camilo Mahfuz Head of IR Eveline Balestro Emiliano Luís Klein IBRX IDIV Fernando Manica IR Manager Geisi Cosman ITAG IGCT SMLL IBRA Economic and Financial Indicators in R$ Million. 1. Efficiency Ratio – 12 months. Personnel Expenses + Other Administrative Phone: +55 (51) 3215.3232 • E-mail: [email protected] Expenses/Financial Margin + Revenue From Services Rendered + (Other Operating Income - Other Operating Expenses). FACT SHEET | 1H20 2. Return on Equity – 12 months. .
Load more

Recommended publications
  • Parceiros Do Programa Inovacred Nos Estados
    CONTATOS DOS AGENTES PARCEIROS DO PROGRAMA INOVACRED NOS ESTADOS Acre, Amazonas, Amapá, Maranhão, Mato Grosso, Pará, Rondônia, Roraima & Tocantins Banco da Amazônia S. A. – BASA Oduval Lobato Neto – [email protected] Alagoas Agência de Fomento de Alagoas S. A. – DESENVOLVE ALAGOAS Laudeny Fábio Leão – [email protected] Bahia Agência de Fomento do Estado da Bahia S. A. – DESENBAHIA João Paulo Matta – [email protected] Espírito Santo Banco de Desenvolvimento do Espírito Santo S. A. – BANDES Gerência de Análise de Crédito – [email protected] Goiás Agência de Fomento de Goiás S. A. – GOIÁS FOMENTO Álvaro Augusto Fonseca dos Reis – [email protected] Minas Gerais Banco de Desenvolvimento de Minas Gerais S. A. – BDMG Assessoria de Inovação – [email protected] Paraná Agência de Fomento do Paraná S. A. – FOMENTO PARANÁ Gerência de Mercado - [email protected] Banco de Desenvolvimento do Extremo Sul – BRDE Juliana Dallastra (PR) – [email protected] Tatiana Henn (PR) – [email protected] Pernambuco Agência de Fomento do Estado de Pernambuco S. A. – AGEFEPE Luciano Vaz Lima – [email protected] Rio de Janeiro Agência de Fomento do Estado do Rio de Janeiro S. A. – AGERIO Cláudio Moraes – [email protected] – Tel. 21-2333-1212 Edson Macedo – [email protected] – Tel. 21-2333-1270 Rio Grande do Norte Agência de Fomento do Rio Grande do Norte S. A. – AGN Edílson Fernandes de Assis – [email protected] Rio Grande do Sul Badesul Desenvolvimento S. A. - Agência de Fomento RS – BADESUL Superintendência de Investimento e Inovação – [email protected] Banco do Estado do Rio Grande do Sul S.
    [Show full text]
  • Sustainability Report 2012
    Sustainability Report 2012 Economic and Challenges and Corporate Technology and Relationships with Human Social and Environmental Profile ʡ ʡ ʡ ʡ ʡ ʡ ʡ Financial Scenario Opportunities Governance Innovation Stakeholders Development Development Contents ˭ Banrisul Sustainability Report 2012 2 of 88 Economic and Challenges and Corporate Technology and Relationships with Human Social and Environmental Profile ʡ ʡ ʡ ʡ ʡ ʡ ʡ Financial Scenario Opportunities Governance Innovation Stakeholders Development Development Introduction By releasing this sustainability report, which will be is- they were able to effectively contribute to the process. Reading the Manual sued on an annual basis, Banrisul continues an initiative first A total of 14 interviews were held – seven with external launched in July of 2012 when it released its first document stakeholders, and seven with internal stakeholders. As part referenced to the Global Reporting Initiative (GRI) G3 guide- of that consultative procedure, in addition to open-ended lines. In this second report, which covers the period running questions, the interviewees were encouraged to provide t Graphically, this report has been desig- from January 1, 2013 to December 31, 2012, the Bank rei- their perspectives on key issues pertaining to Banrisul’s ned so as to be functional and accessible terates its commitment to integrate sustainability into the sustainability management (the Materiality Test). for all stakeholders, including those with management of its businesses. GRI 3.1, 3.2, 3.3 Those issues were
    [Show full text]
  • Pension Funds and the Financing Productive Investment. An
    102 S E R I E financiamiento del desarrollo Pensionolíticas funds para canalizarand the financingmayores of productive investment An analysis based on Brazil’s recent experience Rogerio Studart Development Finance Unit International Trade and Development Finance Division Santiago de Chile, August 2000 This document was prepared by Rogerio Studart, consultant of the Joint ECLAC/GTZ “Pension Fund and Old Age Provision” of ECLAC. The author wishes to thank Andras Uthoff, Daniel Titelman, Felipe Jiménez and Günther Held for their enlightening comments. The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessarily reflect the views of the Organization. United Nations Publication LC/L.1409-P ISBN: 92-1-121271-5 Copyright © United Nations, August 2000. All rights reserved Sales No.: E.00.II.G.83 Printed in United Nations, Santiago, Chile Applications for the right to reproduce this work are welcomed and should be sent to the Secretary of the Publications Board, United Nations Headquarters, New York, N.Y. 10017, U.S.A. Member States and their governmental institutions may reproduce this work without prior authorization, but are requested to mention the source and inform the United Nations of such reproduction. CEPAL – SERIE Financiamiento del desarrollo No 102 Contents Abstract ............................................................................................... 5 I. Introduction ................................................................................
    [Show full text]
  • Annual Report 2006
    2006 Banco do Brasil Annual Report Table of Contents Foreign Trade .......................................................... 83 Foreign Trade Products and Services ..................................... 83 Presentation Foreign Trade Relationship Channels ...................................... 86 Corporate Profile ....................................................... 8 Foreign Market ......................................................... 88 Mission, Values and Main Leaderships ..................................... 9 Capital Market ......................................................... 92 Ratings ....................................................................................... 10 Asset Management. ................................................. 94 BB Highlights ............................................................................. 11 Message from the Chairman ..................................... 14 Internal Process Outlook .............................. 96 Messages from the CEOs ................................. 16 General Policies ....................................................... 99 Risk Management .................................................... 101 Introduction ................................................................ 20 Credit Collection and Recovery ............................... 105 Cost Reductions ...................................................... 105 Macroeconomic Panorama ........................... 22 Internal Controls ...................................................... 107 Technology,
    [Show full text]
  • Financial Statements
    FINANCIAL STATEMENTS December 2020 ______________________________________________ | 1 INDEX MESSAGE FROM THE CEO....................................................................................................................................................................................... 6 PRESS RELEASE ....................................................................................................................................................................................................... 8 COVID-19 PANDEMIC .................................................................................................................................................................................................... 10 OTHER INFORMATION .................................................................................................................................................................................................. 10 FINANCIAL HIGHLIGHTS ................................................................................................................................................................................................ 11 OPERATIONAL HIGHLIGHTS ........................................................................................................................................................................................... 12 GUIDANCE ....................................................................................................................................................................................................................
    [Show full text]
  • I the Brazilian Economy / 9 I
    ANNUAL REPORT 1997 ISSN 0104-3307 CGC 00038 166/0001-05 Boletim do Banco Central do Brasil Annual Report Brasília Volume P. 1 - 216 1997 October 1998 34 2 / Boletim do Banco Central do Brasil - Annual Report 1997 Boletim do Banco Central do Brasil Published monthly by the Banco Central do Brasil/Economic Research Department (Depec). The contents and their correspondent statistical tables are under the charge of the following component parts: The Brazilian economy - Consultative Group on Economic Analysis and Policy (Copec); Economic activity - Consultative Group on Domestic Economic Activity (Coace); Financial markets - Monetary and Banking Division (Dimob); Public finance - Public Finance Division (Difin); Balance of payments - Balance of Payments Division (Dibap). The international economy - Balance of Payments Division (Dibap). International financial organization - Department of Foreign Debt and External Relations (Derin). Balance sheet of the Banco Central do Brasil - Department of Financial Administration (Deafi). Information on the Boletim: Phone (061) 414-1016 Fax (061) 414-2036 Telex (061) 1299 (BCBR BR) E-mail: [email protected] Subscription request: subscribers should complete the accompanying form at the last page and send it with a cheque for the appropriate amount payable to the Banco Central do Brasil at the following prices: R$ 258.00 (domestic) and US$ 801.11 (abroad) to the General Control of Subscription. Subscription to the Boletim includes twelve monthly issues and the Annual Report. Reproduction permitted only if source is stated as follows: Boletim do Banco Central do Brasil, Volume 34, 1997 Annual Report. General Control of Subscription: Banco Central do Brasil Demap/Disud/Suimp SIG - Quadra 8 - Lote 2025 70610-400 - Brasília (DF) Phone (061) 344-1554 Fax (061) 344-2982 Single copy: R$ 19,05 Number printed: 300 (1,600 in Portuguese) Statistical Conventions: ..
    [Show full text]
  • Kit Gringo Bloomberg 2021.Xlsx
    BRAZIL: MACROECONOMIC MONITOR AND REFORM AGENDA June 24, 2021 Highlights • The Constitution and Justice Commission of the House of Representatives approved the proposal for administrative reform that passes to a special commission. • Brazil’s lower house approved a plan to privatize power utility giant Eletrobras, opening the door for the government to raise an estimated R$ 60 billion ($11.9 billion) through a share offering. The government plans to privatize Eletrobras in January 2022. • The government closed an agreement on the tax reform analysis by the Congress. Senators will be responsible for the unification of ICMS and ISS in an IVA and the new Refis. The House of representatives will appreciate the creation of the CBS, with the unification only of PIS/Cofins, and the changes in the IR and IPI. THE LAST PAGE THE PRIVATIZATION OF ELETROBRAS GOVERNMENT'S DIGITAL TRANSFORMATION Source: SPE 2015 2016 2017 2018 2019 2020 2021 GDP (% YoY) -3.55 -3.28 1.32 1.78 1.41 -4.06 5.00 (*) Consumer Inflation IPCA (% YoY) 10.67 6.29 2.95 3.75 4.31 4.52 5.90 (*) Current Account (USD bi) -54.8 -24.5 -22.0 -51.5 -65.0 -24.1 -0.5 (*) Foreign Investment in the Country (USD bi) 64.7 74.3 68.9 78.2 69.2 34.2 58.2 (*) International Reserves (USD bi) 356 365 374 375 357 356 352 (22 Jun) Unemployment rate (%) 8.9 12.0 11.8 11.6 11.0 13.90 14.7 (Mar) General Government Gross Debt (% GDP) 65.5 69.8 73.7 75.3 74.3 88.8 84.5 (**) Ibovespa Index (BRL, % chg.) -13.3 38.9 26.9 15.0 31.6 2.9 11.1 (ytd) CDS 5 years (year average) 475 293 165 208 108 151 181 Interest rate (Selic Target) (%, eop) 14.25 13.75 7.50 6.50 4.50 2.00 6.50 (*) Estimates: (*) Focus Survey, Central Bank of Brazil, Jun.
    [Show full text]
  • 25 Economic Notes
    ............ ........ ....... ..... ...... ~~~...... ........................... ................ ............... 25 CountryDept. I LatinAmerica Region Economic Notes Effectivenessand Financial Costs of. Voluntary Separation: Programs in Brazil:. 1995-:1 997 Francisco G. Carneiro: Indermit S..Gill.- June 7, 1997 Th-World ----. k - e -World Bank- :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Country Dept. I Latin Americaand the CaribbeanRegion Economic Notes Effectiveness and Financial Costs of Voluntary Separation Programs in Brazil: 1995-1997* Francisco G. Carneiro Indermit S. Gill June 7, 1997 The World Bank *This background paper was prepared for the World Bank report "Brazil: Stabilization, Fiscal Adjustment and Public Employment Reform". under the immediate supervision of Gautam Datta. Senior Economist, LAtCI We would like to thank Homi Kharas. Chief. LAICI, and Mauricio Carrizosa. Principal Economist. LAIC I for useful commcnts I Effectiveness and Financial Costs of Voluntary Separation Programs in Brazil 2 1. INTRODUCTION AND OVERVIEW Brazil is in the process of consolidating the selected are from the states of Sao Paulo, macroeconomic stabilization begun in 1994. Rio Grande do Sul, and Pernambuco, thus The government is conscious about the representing a broad economic spectrum; dangers of persistent fiscal imbalances and is also included is the Federal Government and trying to promote fiscal discipline in public Banco do Brasil. The programs were chosen expenditures. One of the main concerns in so that the sample was representative: four this regard are personnel expenditures, which of the programs are for public have been long identified as an important administration, and six are for state-owned source of over-spending. But due to enterprises (three banks and three public constitutional constraints, little has actually utilities). The three public enterprises are been done.
    [Show full text]
  • The Effect of Simultaneous Sponsorship of Rival Football Teams BAR - Brazilian Administration Review, Vol
    BAR - Brazilian Administration Review E-ISSN: 1807-7692 [email protected] Associação Nacional de Pós-Graduação e Pesquisa em Administração Brasil Barbosa de Amorim, João Guilherme; Cunha de Almeida, Victor Manoel The Effect of Simultaneous Sponsorship of Rival Football Teams BAR - Brazilian Administration Review, vol. 12, núm. 1, enero-marzo, 2015, pp. 63-87 Associação Nacional de Pós-Graduação e Pesquisa em Administração Rio de Janeiro, Brasil Available in: http://www.redalyc.org/articulo.oa?id=84135383005 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Available online at http://www.anpad.org.br/bar BAR, Rio de Janeiro, v. 12, n. 1, art. 4, pp. 63-87, Jan./Mar. 2015 http://dx.doi.org/10.1590/1807-7692bar2015140059 The Effect of Simultaneous Sponsorship of Rival Football Teams João Guilherme Barbosa de Amorim Universidade Federal do Rio de Janeiro - UFRJ/COPPEAD Victor Manoel Cunha de Almeida Universidade Federal do Rio de Janeiro - UFRJ/COPPEAD Received 13 October 2014; received in revised form 12 February 2015 (this paper has been with the authors for two revisions); accepted 13 February 2015; published online 17 March 2015. Editor’s note. Valter Afonso Vieira served as Action Editor for this article. J. G. B. de Amorim, V. M. C. de Almeida 64 Abstract The present study investigated the impact of team identification and team-sponsor fit on the sponsor’s brand equity.
    [Show full text]
  • Contatos Dos Agentes Parceiros Do Programa Inovacred Nos Estados
    CONTATOS DOS AGENTES PARCEIROS DO PROGRAMA INOVACRED NOS ESTADOS Acre, Amazonas, Amapá, Maranhão, Mato Grosso, Pará, Rondônia, Roraima e Tocantins Banco da Amazônia S. A. – BASA (http://www.basa.com.br) Oduval Lobato Neto – [email protected] – Tel. 91-4008-3512 Alagoas Agência de Fomento de Alagoas S. A. – DESENVOLVE ALAGOAS (http://www.desenvolve-al.com.br) Laudeny Fábio Leão – [email protected] – Tel. 82-3315-3468 Bahia Agência de Fomento do Estado da Bahia S. A. – DESENBAHIA (http://www.desenbahia.ba.gov.br) João Paulo Matta – [email protected] – Tel. 71-3103-1137 Espírito Santo Banco de Desenvolvimento do Espírito Santo S. A. – BANDES (http://www.bandes.com.br) Gerência de Análise de Crédito – [email protected] – Tel. 27-3331-4255 Goiás Agência de Fomento de Goiás S. A. – GOIÁS FOMENTO (http://www.fomento.goias.gov.br) Álvaro Augusto Fonseca dos Reis – [email protected] – Tel. 62-3216-4950 Mato Grosso do Sul, Paraná, Rio Grande do Sul e Santa Catarina Banco de Desenvolvimento do Extremo Sul – BRDE (http://www.brde.com.br) Curitiba (PR) – Tel. 41-3219-8000 Juliana Dallastra (MS e PR) – [email protected] Eduardo Garcia (MS e PR) – [email protected] Porto Alegre (RS) – Tel. 51-3215-5306 Alexander Leitzke (RS) – [email protected] Ricardo Faria (RS) – [email protected] Florianópolis (SC) – Tel. 48-3221-8000 Rogério Penetra (SC) – [email protected] Richard Schmidt (SC) – [email protected] Minas Gerais Banco de Desenvolvimento de Minas Gerais S.
    [Show full text]
  • Nagios Helps Brazilian Bank Improve IT Infrastructure Availability
    Partner Success Story Nagios Helps Brazilian Bank Improve IT Infrastructure Availability Customer Profile Banrisul (Banco do Estado do Rio Grande do Sul) is the 12th largest bank in Brazil. Located Banrisul in Porto Algre, the bank has more than 460 agencies around the country to serve around 3 Porto Alegre, Brazil million customers and more than 9,000 employees. www.banrisul.com.br Industry: Business Needs Banking Banrisul uses a very complex IT infrastructure due to sophisticated Brazilian banking system and regulations. The bank also has a large and distributed agencies network. Banrisul has a mix of IBM mainframes and a large number of Linux, Microsoft and HP- UX platforms to support their financial operations. The management of this complex IT environment was handled using proprietary tools from the Big Four (IBM, HP, CA and BMC) in IT management solutions. Challenge Banrisul needed an integrated, centralized and scalable management tool to manage the Nagios Partner: whole IT infrastructure from a single point of view - replacing some of the proprietary platforms due their high cost of maintenance and upgrades. Additionally, Banrisul needed a more flexible platform capable of managing their legacy applications and IT environment without the high costs required to develop and customize proprietary tools. OpServices www.opservices.com.br For more information about other Nagios success stories, please visit: www.nagios.com/casestudies Copyright © 2009 Nagios Enterprises. Nagios and the Nagios logo are registered trademark of Nagios Enterprises, LLC. Other trademarks and graphics are the property of their Page 1 respective owners. This case study is provided for informational purposes only.
    [Show full text]
  • Conditional Approval 1010
    O Comptroller of the Currency Administrator of National Banks and Federal Thrifts Northeastern District Office Licensing Division 340 Madison Avenue, Fifth Floor Telephone No.: (212) 790-4055 New York, New York 10173-0002 Fax No.: (301) 333-7015 October 6, 2011 Conditional Approval #1010 November 2011 Brian D. Alprin Duane Morris 505 9th Street, N.W., Suite 1000 Washington, D.C. 20004-2166 Re: Application by Banco do Estado do Rio Grande do Sul, S.A., Porto Alegre, Rio Grande do Sul, Brazil to establish a limited Federal branch in Miami, Florida Control Number: 2010 IB 10 0001 Dear Mr. Alprin: The Office of the Comptroller of the Currency (“OCC”) hereby grants preliminary conditional approval of the application by Banco do Estado do Rio Grande do Sul, S.A., Porto Alegre, Rio Grande do Sul, Brazil (“Banrisul” or “Applicant”), to establish a limited Federal Branch, with the title of “Banrisul, Miami Branch”, to be located at 1390 Brickell Avenue, Suite 210, Miami, Florida 33131 (hereinafter “Miami Branch”). This preliminary conditional approval is based on a thorough review of the application and its supporting documentation, and other information available to the OCC, including representations and commitments made in the application and by Applicant’s representatives during the application process.1 This approval is also subject to the conditions set out herein. Background Banrisul is a banking company organized and existing under the laws of the Federative Republic of Brazil with its head office in Porto Alegre, Rio Grande do Sul, Brazil. The establishment of the Miami Branch is the first step in a multi-step process to transfer the New York Federal Branch (“NY Branch”) operations to Miami, Florida.2 Following establishment of the Miami 1 On October 6, 2011, 2011, Banrisul received approval from the Federal Reserve Board to establish the Miami Branch.
    [Show full text]