Download - Earnings Release
Earnings Release
3Q02
Net Income
R$ millions
750
1,428
Jan-Sept/01 Jan-Sept/02
Net Income
R$ millions
137167
446
349
474
605
1Q01 2Q01 3Q01 1Q02 2Q02 3Q02
ROE
Accumulated & Annualized (%)
12.2 12.9
16.6
20.622.8
3Q01 4Q01 1Q02 2Q02 3Q02
Income StatementCorporate Law (R$ millions)
++
++
Jan-Sept/01Jan/Sept/02
Gross Result from Fin. Brokerage 2,764 4,252 53.9
Service Income 2,721 3,285 20.7
Personnel Expenses -3,946 -4,030 2.1
Other Administrative Expenses -2,692 -2,884 7.1
Other Operating Components 1,973 1,669 -15.4
Operating Income 819 2,292 179.7
Non-Operating Income 70 70 0.0
Income Before Tax 889 2,362 165.6
Income Tax and Social Contribution -120 -832 593.3
Statutory Profit Sharing -19 -102 436.8
Net Income 750 1,428 90.5
Flow in the PeriodVar. %
Income StatementCorporate Law (R$ million)
2Q02 3Q02
Gross Result from Fin. Brokerage 1,374 1,002 -27,0
Service Income 1,138 1,118 -1.8
Personnel Expenses -1,324 -1,410 6.5
Other Administrative Expenses -936 -1,061 13.4
Other Operating Components 484 1,252 158.7
Operating Income 735 902 22,7
Non-Operating Income 11 28 154.5
Income Before Tax 746 930 24.6
Income Tax and Social Contribution -195 -300 53.8
Statutory Profit Sharing -77 -25 -67.5
Net Income 474 605 27.6
Quarterly Flow
Var. %
Balance SheetR$ millions
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++
++
Sept/01 June/02 Sept/02 x Sept/01x June/02
Assets 157,225 169,910 213,412 35.7 25.6
Liquidity Assets 57,504 72,245 95,653 66.3 32.4Loans & Leasing Operations 40,253 46,542 51,330 27.5 10.3
Other Assets 59,468 51,123 66,430 11.7 29.9
Liabilities 157,225 169,910 213,412 35.7 25.6
Demand Deposits 15,440 18,319 21,391 38.5 16.8
Savings Deposits 21,053 22,639 26,279 24.8 16.1
Interbank Deposits 4,738 5,165 5,571 17.6 7.9
Time Deposits 32,651 33,588 42,997 31.7 28.0
Open Market Funds 34,517 37,508 49,650 43.8 32.4
Other Liabilities 40,189 44,707 59,114 47.1 32.2
Shareholders’ Equity+3Q Profit 8,638 7,984 8,410 -2.6 5.3
Balance Var. %
++ Deposits 73,881 79,710 96,238 30.3 20.7
Coverage Ratio - Accumulated (%)(Service Income /Personnel Expenses)
69.0
81.5
Jan-Sept/01 Jan-Sept/02
Asset ManagementR$ billions
Customer Basemillions
13.514.5
14.9
Sept/01 June/02 Sept/0260.5
64.5
57.3
17.1 17.515.7
Sept/01 June/02 Sept/02
Net Equity Market Share (%)
Cost/Income Ratio - Accumulated (%)
(Administrative Expenses/Operating Income)
69.9
59.6
Jan-Sept/01 Jan-Sept/02
Variation %Region Sept/01 to Sept/02
Southeast 14.5Others 8.8Brasil 10.8
Distribution Network
7.1%24.3%
11.5%
36.8%
20.3%
8,3208,968 9,220
Sept/01 June/02 Sept/02
32,057
32,936 33,002
76.9
80.381.9
Sept/01 June/02 Sept/02
ATMs Transações Automatizadas (%)
ATMs
Securities PortfolioR$ millions
Var. % %June/02 Sept/02
Available for Trading 3,325 3,710 11.6 4.9
Available for Sale 40,377 45,991 13.9 60.7
Held to Maturity 24,542 25,669 4.6 33.9
Derivatives 346 400 15.6 0.5
Total 68,590 75,770 10.5 100.0
Balance
Sept/01
Credit Portfolio Profile(Multiple Bank Balances & Subsidiaries in the Country)
Retail25.9%Commercial
26.2%
Agribusiness29.2%
International15.1%
Others3.5%
Sept/02
Retail24.7%
Commercial27.5%
Agribusiness27.5%
International15.8%
Others4.5%
Main Retail OperationsR$ billions
6.36.9 6.8
1.9 2.0 2.1
1.2 1.4 1.5
Sept/01 June/02 Sept/02
Consumer Finance Overdraft Account Working Capital
Main Commercial OperationsR$ billions
4.1
5.8 6.0
1.7
2.6 2.6
1.32.0 1.9
Sept/01 June/02 Sept/02
Receivables Investments Conta Garantida(Working Capital)
Main Agribusiness OperationsR$ billions
6.26.7 6.8
3.0
4.0 4.1
1.11.7 1.9
Sept/01 June/02 Sept/02
Defrayal Investment Constitutional Fund for the Midwest Region (FCO)
Credit Risk
SFNSFN
BBBB
AA, A e B85,9%
C e D8,7%
E, F, G e H5,4%
AA, A e B78,4%
C e D14,6%
E, F, G e H7,0%
SFN - National Financial System
Credit RiskR$ millions 3Q01 3Q02
Total Credit Portfolio 48,358 63,017Non Performing Loans 3,212 3,879NPL/Total Credit Portfolio 6.6 6.2
NPL for more than 60 days 2,133 2,190NPL for more than 60 days / Total Credit Portfolio - % 4.4 3.5
Write-offs 381 537Credit Recovery 172 162Losses Balance 209 374Losses Balance / Total Credit Portfolio - % 1.7 2.4
Provisions/Total Credit Portfolio - % 5.6 5.3Provisions/ NPL for more than 60 days - % 128.0 153.8
DepositsR$ billions
32.6 33.6
43.0
21.022.6
26.3
15.418.3
21.4
Sept/01 June/02 Sept/02
Time Savings Demand
BIS ratio - %
11.0
12.1 12.4 12.7 13.111.6
8.0 8.8 9.0 9.2 9.37.8 7.4
Mar/01 June/01 Sept/01 Dez/01 Mar/02 June/02 Sept/02
Tier I Tier II
10.9
Capital Adequacy
R$ millions Balances
Sept/01 June/02 Sept/02
Risk weighted assets 89,019 95,374 107,797
Required Shareholders’ equity 10,568 11,179 12,472
Referential Equity 11,799 11,780 12,389
Shareholders’ equity surplus/deficit 601 -82
Leverage surplus/deficit 11,196 5,468 -749
K coefficient % 12.4 11.6 10.9
1,232
Treasury stocks - -126-
1st in Assets - R$213.4 billion; 1st in Asset Management - R$57.3 billion - 15.7% market share;
1st in deposits - R$96.2 billion;
Leader in the foreign exchange market - 22.3% market share
Largest service network in Brazil - 9,220 points of service; Retail leader - 14.9 million customers.
Leadership
Investor Relations Division
SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° andar70073-901 - Brasília (DF) - Brasil
Phone: 55 61 310.5920Fax: 55 61 310.3735
