2013 Annual Report
ECONOMIC/FINANCIAL INFORMATION (BR GAAP)
Balance of allowance for loan losses /
coverage ratio
The balance of allowance for loan losses totaled
R$ 14,999 million in December 2013, up 2.8%.
The BR GAAP coverage ratio is obtained by dividing
the balance of allowance for loan losses by loans
overdue by more than 90 days. At the close of
December 2013, it stood at 179.4%, 53.9pp up
in 12 months, chiefly due to the substantial reduction
in the balance of loans overdue by more than 90 days
as a result of the improvement in the quality of
the portfolio.
COVERAGE RATIO
(Over 90 days)
136.8%
125.6%
179.4%
Delinquency Ratio (Over 90 Days)
The over-90-day delinquency ratio reached 3.7% of the
total credit portfolio, down 1.8 p.p. in 12 months. This
reduction reflects the improvement in the quality of the
portfolio. The delinquency ratio of the individual segment
stood at 5.1%, down 2.7 p.p. in 12 months. Delinquency
in the corporate segment reached 2.4%, down 0.9 p.p.
in 12 months.
Delinquency Ratio (Over 60 Days)
The over-60-day delinquency ratio came to 4.6% in
December 2013, down 2.0 p.p. in 12 months. The individual
delinquency ratio came to 6.3%, down 3.0 p.p. in 12 months,
while the corporate ratio fell by 1.0 p.p. in 12 months.
The 15-90-day delinquency ratio totaled stood at 4.7%,
0.2 p.p. down in 12 months.
Dec/11
Dec/12
Dec/13
Renegotiation portfolio
Credit renegotiations came to R$ 14,015 million in
December 2013, growth of 27.5% in 12 months. These
operations include loan agreements that were extended
and/or amended to enable their receipt under conditions
agreed upon with the clients, including the renegotiation
of previously written-off loans.
At year-end, 50.3% of the portfolio was provisioned,
versus 51.2% at the close of 2012. These levels are
considered to be adequate, given the nature of the
operations involved.
RENEGOTIATED PORTFOLIO (R$ MILLION)
2013
2012
Change 2013x2012
Renegotiated Portfolio
14,015
10,992
27.5%
Allowance for loan losses over renegotiated portfolio
Coverage
(7,050)
(5,633)
25.1%
50.3%
51.2%
-0.9 p.p.
62 Annual Report 2013
NPL RATIO(1)
(Over 90)
INPL RATIO(1)
(Over 60)
9.3%
9.3%
8.0%
8.4%
7.1%
7.8%
7.2%
6.0%
5.1%
6.8%
6.6%
6.2%
6.3%
5.8%
PF
5.4%
PF
5.2%
5.5%
4.5%
3.7%
4.4%
4.6%
4.0%
4.1%
Total
3.7%
Total
3.8%
3.1%
2.4%
3.0%
3.3%
3.5%
PJ
PJ
Dec/12
Mar/13
Jun/13
Set/13
Dec/13
Dec/12
Mar/13
Jun/13
Set/13
Dec/13
(1) Loans overdue by more than 90 days / Loan Portfolio in BRGAAP.
(1) Loans overdue by more than 60 days/Loan Portfolio in BRGAAP.
Funding
Funding from clients closed 2013 at R$ 222,067 million,
up 11.5% (or R$ 22,874 million) in 12 months. The best
performers were debentures, real estate notes (LCIs),
agribusiness notes (LCAs) and savings deposits, which
jointly accounted for more than 70% of the increase
in both periods.
FUNDING (R$ MILLION)
2013
2012
Change 2013x2012
Demand deposits
Savings deposits
Time deposits
Debentures/LCI/LCA (1)
15,605
13,457
16.0%
33,589
26,857
25.1%
81,100
82,839
-2.1%
60,920
49,548
23.0%
Treasury notes (Letras Financeiras)
30,854
26,493
16.5%
Funding from clients
222,067
199,193
11.5%
(1) Debentures repurchase agreement, Real Estate Credit Notes (LCI) and Agribusiness Credit Notes (LCA).
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