2013 Annual Report
ECONOMIC/FINANCIAL INFORMATION (BR GAAP)
LIABILITIES (R$ MILLION)
Dec/13
Dec/12
Change Dec13xDec12
Current Liabilities and Long Term Liabilities
421,751
384,373
Deposits
134,213
126,545
9.7%
6.1%
Demand Deposits
15,605
13,457
16.0%
Savings Deposits
33,589
26,857
25.1%
Interbank Deposits
Term Deposits
3,920
3,392
15.5%
81,100
82,839
-2.1%
Money Market Funding
78,462
72,529
8.2%
Credit portfolio
At year-end, the total credit portfolio amounted to
R$ 227,482 million, up 7.3% in 12 months. The foreign
currency credit portfolio, which also includes dollar-indexed
loans, was impacted by the devaluation of the Real against
the dollar, resulting in an increase in this portfolio. Excluding
the effect of the exchange rate variation, the total credit
portfolio would have grown by 5.7% in 12 months.
At the close of December, the foreign currency loan portfolio,
including dollar-indexed loans, totaled R$ 26.9 billion, 17.0%
more than the R$ 23.1 billion recorded at the end of 2012.
The expanded credit portfolio, which includes other credit
risk transactions, acquiring activities and guarantees, ended
the year at R$ 279,812 million, growth of 9.3% in 12 months.
Own Portfolio
Third Parties
61,711
56,655
8.9%
8,972
7,344
22.2%
Free Portfolio
7,779
8,530
-8.8%
MANAGERIAL BREAKDOWN OF CREDIT BY SEGMENT (R$ MILLION)
Funds from Acceptance and Issuance of Securities
69,061
56,294
22.7%
2013
Resources from Real Estate Credit Notes, Mortgage Notes, Credit and Similar
49,615
39,742
24.8%
Individuals
75,522
2012
71,287
Change 2013x2012
5.9%
Securities Issued Abroad
18,170
15,298
18.8%
Consumer Financing
37,849
36,806
2.8%
Others
1,276
1,253
1.8%
SMES
33,712
36,487
-7.6%
Interbank Accounts
64
19
244.0%
Interbranch Accounts
2,771
2,002
38.4%
Corporate
80,400
67,379
19.3%
Borrowings
17,975
16,001
12.3%
Total portfolio
227,482
211,959
7.3%
Domestic Onlendings - Official Institutions
11,757
9,385
25.3%
Other credit related transactions (1)
52,330
44,005
18.9%
Foreign Onlendings
19
41
-52.9%
Total expanded loan portfolio
279,812
255,964
9.3%
Derivative Financial Instruments
5,865
5,205
12.7%
(1) Includes Debenture, FIDC, CRI, Floating Rate Notes, Promissory Notes, acquiring activities related assets and guarantees.
Other Payables
101,563
96,353
5.4%
Deferred Income
308
222
38.8%
Minority Interest
Equity
987
829
19.1%
Total Liabilities
62,819
485,866
63,452
448,876
-1.0%
8.2%
Equity (excluding goodwill)
53,446
50,514
5.8%
Obs.: The 2012 figures were retrospectively impacted by the CVM Deliberation 695, issued by CVM on December 13th, 2012, which deals with employee benefits, mainly pension plans.
Securities
Securities totaled R$ 78,146 million in December 2013, growth of 1.7% in 12 months.
SECURITIES (R$ MILLION)
Public securities
Private securities, funds quotas / others
Financial instruments
Total
58 Annual Report 2013
Loans to individuals
Loans to individuals closed December 2013 at
R$ 75,522 million, up 5.9% (or R$ 4,234 million)
in 12 months. The two products that contributed
to the increase in this portfolio were the mortgages
and credit cards.
The credit card portfolio totaled R$ 17,221 million,
up 6.5% (or R$ 1,046 million) in 12 months.
The balance of mortgages closed the year at
12 months. It is worth noting that the reduced growth
pace of this portfolio was caused by adjustments to the
product's processes and strategy.
I INDIVIDUALS
(R$ Billion)
71.3
75.5
2013
2012
Change 2013x2012
51,743
56,573
-8.5%
R$ 15,702 million, up 32.9% (or R$ 3,890 million)
in 12 months.
65.6
19,142
15,428
24.1%
7,261
4,831
50.3%
78,146
76,832
1.7%
Payroll loans, excluding the acquired portfolio, totaled
R$ 13,058 million, down 3.6% (or R$ 490 million) in
Dec/11
Dec/12
Dec/13
59View entire presentation