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1st Quarter 2019

Managerial Report and Financial Statements

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Managerial Report

Managerial Report and Financial Statements 2019 1st Quarter

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Belo Horizonte, May 08, 2019 – Banco Inter S.A. (B3: BIDI4), the only complete and free digital bank with financial products and services for individuals and companies, announces today its results for the first quarter of 2019. All

operational and financial information, except if otherwise indicated, are presented based on consolidated numbers and in millions of Brazilian Reais (BRL), in accordance to BACEN GAAP rules.

Letter to shareholders In a digital world - where everything is in rapid and permanent evolution - it is not always easy to notice the relationship between things. It is often difficult to see that in order to reach a goal, it was necessary to reach several milestones throughout the journey . Just over three years ago, we decided to pivot Banco Intermedium’s (as it was called at the time) strategy. Born as Intermedium Financeira 25 years ago, it had been on a gradual evolution since inception. But this time we wanted to move faster. We wanted to be 100% digital. And we were not talking about being a bank with an app, but actually being disruptive and living the digital transformation. We combined the experience of a solid bank with the essence of fintechs to offer a business model with a simple purpose: to revolutionize the banking experience. We started by eliminating the sacred banking fees of the traditional banking industry, and focused on what is most important to us: our customers. But what about the maintenance fees? Would we give up on revenues? We were not worried about that. We knew that breaking the main barrier to bankarization would be only our first step towards our goal. We wanted to change the banking experience and shift the way customers relate to their banks. We knew that with a high level of engagement we could establish a long-term and sustainable relationship with our clients. Today we bring over 2 million account holders to this journey, and see this number growing exponentially. With platform that is not only robust but profitable, we continue to advance. We focus on efficiency and deliver. And we do deliver. Only in 2018, we launched more than 10 products and released 26 updates of our mobile application. It was also last year that migrated to cloud and delivered one of Banco Inter's most important projects: Inter’s Open Investment Platform (PAI), the first large marketplace of the Digital Account. Unlike traditional banks, we started to offer our own investment products and third parties’, without brokers. PAI also provided a totally free stock trading platform, as well as private pension with 100% digital, direct in the application. PAI’s launch brought simplicity, transparency and autonomy our depositors. And that made Banco Inter's deposits client base grow 53 percent in the first quarter of 2019, proving the success of an open business model based on efficiency and partnership. Financial institution, multiple bank, digital checking account, investment marketplace. Each of these stages has pushed us forward. And we believe that the next steps of this journey will be based on partnerships that generate true value. Partnerships that go beyond establishing commercial agreements. We hope to join forces with players from the most diverse industries to create more efficient products and services. To establish a win-win relationship, in which 2 + 2 can actually become 6. This is the path that we began to draw in 2017, and should intensify with the release of a new app, which we call our Super App. With the purpose of offering an entirely new experience, the Super App will not only provide a banking solution, but of several different verticals, such as mobility, healthcare, food service and entertainment. The success of this platform is anchored in three pillars held by Banco Inter. On one hand, we have an audience of over 2 million account holders, who are recurring users of our app. On the other hand, we have payments and the ability to offer a broad spectrum of products and services through integration with partners. One example of these partnerships has just

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been announced: we signed a deal with Wiz that seeks to boost our sales of insurance products, consortiums and private pension funds. Another project that will give robustness to our Super App is Inter’s payments processor. Completed in the first quarter, it has the ability to perform thousands of financial and non-financial transactions per second, both on and out of our marketplace. In addition, it is the first in the world with the Vision Plus software to run on cloud. Our goal is to strengthen our marketplace architecture, explore open banking and join forces with partners who share the same principles as we do. With that will we be able to offer an ever better and more complete experience to our customers. A range of services that includes, but is by no means limited to, financial services. The wish to develop a Super App is the reflection of all our deliveries of the last few years. This will be our focus going forward. Although we know that it is just the beginning, we have already started to show positive results. And these are the results we want share with you below.

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Highlights

We made a deal with Wiz to create the largest digital distribution channel for insurance in

Brazil.

Wiz now has a 40% stake in Inter Seguros, joining the base of more than 2 million customers of Brazil's largest digital bank with the expertise of the country's largest insurance and banking distribution channel manager.

This partnership is another step to increase our Market Place, giving more robustness to our vertical insurance, pension and consortiums. For a better understanding of the operation, we have prepared a

presentation summarizing the main points that are available on our IR website.

o We surpassed 2.0 million digital accounts, an increase of 38% compared to December 2018;

o Net income of BRL 12.1 million in the quarter, up 15.7% over 1Q18;

o We have hit the record of accounts opened within a quarter with 489 thousand new accounts, and in March

we opened an average of 8.5 thousand new accounts opened per business day;

o Fee Revenues² recahed BRL 38.5 million in 1Q19, representing 26.5% of total net revenue;

o Inter’s Open Investment Platform (PAI) reached 176 thousand active customers in 1Q19, and 574 thousand

transactions in March;

o Demand Deposits totaled BRL 843 million, generating BRL 10.3 million in floating revenue, representing

203% and 360% annual growth, respectively;

o Cost of Funding reached 76.2% of CDI, presenting a reduction of 15.1 pp compared to 1Q18;

o The extended credit portfolio surpassed the mark of BRL 3.5 billion, an annual growth of 31%;

o The real estate credit portfolio grew by 28.5% over the same period last year, while revenues from

operations in the same segment decreased by 4.9% due to a negative calculation of the IGP-M in November and December. We are implementing a new hedge policy to have more stability in the results of operations

indexed to future price indexes;

o With the great expansion in the number of customers and the use of digital accounts, we saw growth in the

bank's expenses, especially withdraw expenses, which increased by 26.2% when compared to 4Q18. However, there is room for us to capture significant scale gains in this line from our direct integration with

Tecban (24-hour ATM Banking Network);

o Personnel expenses increased 31.6% year-on-year. This increase is in line with our strategy to strengthen

our team of employees.

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Highlights

(1) Considers Demand Deposits, Time Deposits, Savings Deposits, DPGE, Real Estate Credit Bill, LF, Agribusiness Credit Bills and Real Estate Guaranteed Letters;

(2) Commissions of correspondents deducted from revenue;

(3) Considers revenues from operational agreement related to services provided and floating revenues;

(4) Net Revenues = NII + Fee Income.

1Q19 4Q18 ∆ 1Q18 ∆

Number of Digital Accounts 1,935,671 1,452,035 33.3% 535,565 261.4%

Total Assets 5,947 5,641 5.4% 3,800 56.5%

Extended Credit Portfolio 3,545 3,338 6.2% 2,711 30.8%

Funding¹ 4,334 4,140 4.7% 3,113 39.2%

Cost of Funding 76.2% 81.6% -5.4 pp 91.3% -15.1 pp

Shareholders' Equity 948.1 948.8 -0.1% 387.4 144.7%

1Q19 4Q18 ∆ 1Q18 ∆

Gross Income Financial Intermediation2 95.2 104.4 -8.9% 63.3 50.5%

Fee Income3 38.5 35.0 10.0% 18.7 106.5%

Fee Income ÷ Net Revenue4 26.5% 23.2% 3.2 pp 19.3% 7.2 pp

NII 117.5 121.7 -3.4% 79.3 48.1%

Net Income 12.1 22.3 -45.9% 10.4 15.7%

ROAE (%pa) 5.1% 9.5% -4.4 pp 10.8% -5.7 pp

ROAA (%pa) 0.8% 1.7% -0.8 pp 1.1% -0.3 pp

NIM (%pa)¹ 8.8% 10.0% -1.2 pp 9.4% -0.6 pp

Efficiency Ratio 79.7% 66.7% 13.0 pp 61.7% 18.1 pp

Basel Ratio 25.8% 29.9% -4.0 pp 15.4% 10.4 pp

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Managerial Report Growth In 1Q19, Banco Inter surpassed the mark of 1.9 million digital accounts, number 3.6 times the one presented on the same period of the previous year, and in April we surpassed the mark of 2 million customers.

In 1Q19 489 thousand accounts were opened, record of accounts opened within a quarter, with a 205% growth versus 1Q18. The average accounts opened per working day reached 7.9 thousand in the first quarter of 2019, 3 times higher than the number presented in 1Q18.

We also saw acceleration in the number of active customers¹ in the month, reaching 1.1 million in March, up 235%

over the same period of the previous year. Maintaining a high activation rate over time shows the potential we have

to monetize these customers.

Below we see the evolution of active customers per vintage - the opening period of the current account - and we

notice that there is a growth of activity over time and that our Churn Rate tends to zero.

(1) Customers who generate revenue

535.6

1,452.0

1,935.7

1Q18 4Q18 1Q19

Digital Checking Accounts In Thousand +261% YoY

Accounts Opened In Thousand +205% YoY

Average Accounts Opened per Working Day In Thousand +205% YoY

160.2

414.0 488.8

1Q18 4Q18 1Q19

2.6

6.7 7.9

1Q18 4Q18 1Q19

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Active Customers Evolution

We attribute this constant evolution of the activity index to our ability to offer a complete platform and to accelerate

the pace new products and services launch. The diversity of product offerings enables us to fully exploit the

customer's value in different moments of life, represented by the flow below.

In addition, the more than 41 thousand requests for salary portability in the first quarter of 2019 allow us to observe

the trend of greater use of the Digital Account as the main customer account.

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

201701 201703 201705 201707 201709 201711 201801 201803 201805 201807 201809 201811 201901 201903

201612 201701 201702 201703 201704 201705 201706 201707 201708 201709

201710 201711 201712 201801 201802 201803 201804 201805 201806 201807

201808 201809 201810 201811 201812 201901 201902 201903

Active Customers 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19Until 2016 58.6% 61.2% 62.3% 63.2% 63.6% 63.9% 64.0% 64.6% 64.7%1Q17 43.1% 63.4% 65.9% 67.9% 69.4% 70.1% 70.4% 70.5% 70.9%2Q17 46.4% 66.3% 68.8% 70.6% 71.7% 72.3% 72.4% 72.8%3Q17 44.5% 65.3% 67.8% 69.1% 69.9% 70.2% 70.6%4Q17 45.4% 67.9% 70.1% 70.8% 71.4% 71.9%1Q18 49.6% 69.0% 70.4% 70.8% 71.4%2Q18 47.4% 65.9% 67.0% 67.7%3Q18 44.8% 61.6% 62.8%4Q18 36.3% 52.3%1Q19 41.8%

Acc

ount

Ope

ning

Per

iod

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Throughout 2018 we completed the offering of financial services. In 2019, we're going to grow our Marketplace, and

exploit the high recurrence rate we have in our app.

Another metric that also evolves with the growth of product activation and offering is the Cross-Selling Index (CSI),

which represents the average number of products consumed by customers in a given period.

Based on the table above, we can note that as customers become more mature, the average number of products

consumed increases. On average, our customers consume 2.73 products in one quarter, a number that has remained

constant at this level.

CSI 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19Until 2016 1.25 1.28 1.33 1.36 1.37 1.39 1.41 1.42 1.44 1Q17 2.11 2.44 2.56 2.64 2.68 2.72 2.74 2.78 2.83 2Q17 2.20 2.65 2.73 2.74 2.77 2.80 2.84 2.88 3Q17 2.22 2.70 2.72 2.72 2.75 2.79 2.83 4Q17 2.28 2.70 2.74 2.75 2.79 2.84 1Q18 2.28 2.71 2.73 2.76 2.79 2Q18 2.28 2.65 2.68 2.68 3Q18 2.27 2.63 2.64 4Q18 2.30 2.67 1Q19 2.33

Acc

ount

Ope

ning

Per

iod

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Customer Relationship – Digital DNA

A digital bank is more than a bank with an app. To be digital is to use technology to offer a better and cheaper

service, is to be focused on the needs of customers, and to establish a partnership relationship with them. This

relationship is very present in social networks, where our engagement grows every day.

Customer Acquisition Cost

The acquisition of new clients is strongly based on Banco Inter's indications to our current customers. The perception

of value in our free and complete digital product is high, resulting in an NPS of 71 points in March.

In 1Q19, we saw client acquisition costs reach BRL 21.53 per customer, reflecting the stability of operating costs

compared to 4Q18, and an increase in the costs of digital marketing.

BRL 20.53 BRL

14.60 BRL

14.69

BRL 2.10

BRL 5.44 BRL 6.84

1Q18 4Q18 1Q19

Operational Costs Marketing Costs

4.4 at Google Play Store 4.7 at App Store

App Rating

Number of App na Internet Banking accesses

55.8 million accesses in 1Q19

Digital Account Transactions

BRL 17.3 billion in 35 million de transactions. 1,100,462

190,904

38,441

156,844

114,740

Followers in social media In Thousand +72% YoY

BRL 22.63 BRL 20.04

Customer Acquisition Cost In BRL -4.8% YoY

BRL 21.53

Number of App Downloads

More than 2 million downloads in 1Q19

931.4

1,468.2 1,601.4

1Q18 4Q18 1Q19

Net Promoter Score (NPS)

71 in 1Q19: Highest NPS in Retail Banking

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Retail bank delivery: Cost of Funding decrease and Fee Income growth With retail bank delivery, high customer growth and strong engagement, we captured the benefits we were looking for with our strategy change in 2015: reducing funding costs and growing fee income.

We have seen a significant change in the Banco Inter’s funding profile in recent quarters. Today we have a fundamentally retail funding base. Banco Inter’s cost of funding decreased by 15.1 pp in the twelve months to 76.2%.

In 1Q19, Fee Income reached BRL 38.5 million, an increase of 106.5% year-on-year, mainly driven by growth in bank rate, card and floating revenues, all highly correlated with growth in the number of customers.

91.3%

81.6%76.2%

Cost of Funding

67.0% 74.5% 68.5%

5.7% 1.9% 4.8%18.4% 8.3% 6.7%

8.9% 15.4% 20.0%

1Q18 4Q18 1Q19

Retail Investors Institutional Investors

Distributors Demand Deposits

Cost of Funding In % / % CDI

1Q19 1Q18 ∆

Fee Income 38.5 18.7 106.5%

Fee Income 24.2 12.7 90.3%

Bank Rate Revenues 5.3 1.0 422.1%

Other services 0.6 0.3 86.2%

Insurance Brokerage 4.4 4.9 -11.3%

Income from commissions and placement of securities 1.4 - -

Income from brokerage and stock exchange operations 0.1 0.1 16.9%

Fund administration 0.1 0.3 -43.5%

Management and structuring rates 0.6 1.4 -56.6%

Exchange Income 9.5 2.6 261.6%

Other income from service rendered 2.1 2.1 -0.8%

Floating Revenues 10.3 2.2 359.5%

Performance Revenues 3.5 3.3 5.7%

Foreign Exchange Revenues 0.6 0.4 39.3%

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As we grow our customer base, we see a growth in the representativeness of service revenues versus total net

revenues, as measured by the sum of NII and Fee Income. In 1Q19, Fee Income over Total Net Revenues reached

26.5%, an annual increase of 7.2 pp.

With this result, we reached an average service revenue per active customer (Services ARPU) of BRL 149 and an

average credit revenue per active customer (Credit ARPU) of BRL 413, reaching a total ARPU of BRL 562.

Demand Deposits

In March 2019, we reached a volume of BRL 843 million in demand deposits, a volume 3.0 times greater than that

presented in 1Q18. Floating revenues grew 360%, reaching BRL 10.3 million.

2.2

6.0

10.3

1Q18 4Q18 1Q19

278.5

618.3

843.1

1Q18 4Q18 1Q19

* Considers revenues from operational agreement related to services provided and floating revenues

** Total Revenues: consider the NII + Fee Income

Fee Income In BRL Million / %

Demand Deposits In BRL Million +202% YoY

Floating Revenues In BRL Million +360% YoY

18.7

35.0 38.5 19.3%

23.2%26.5%

1Q18 4Q18 1Q19

Fee Income* Fee Income + Total Revenues **

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Credit and Debit Cards The credit card portfolio in 1Q19 reached BRL 392 million, of which BRL 64.3 million corresponded to revolving

credit and BRL 23.2 million related to overdue loans and installments, which generate interest income.

In 1Q19, 716 thousand credit and debit cards were used, among them, 336 thousand only in credit function and 530

thousand in debit function, with an intersection between them. The volume traded reached BRL 1.3 billion, which

represents an expressive increase of 295% YoY. Interchange revenues totaled BRL 9.5 million in 1Q19, an increase

of 262% over twelve months.

In 1Q19, 530 thousand debit cards were used. The volume transacted reached BRL 810 million, which represents an

expressive increase of 310% YoY. The lower growth seen between 4Q18 and 1Q19 is mainly due to the seasonality

present in the months of November and December that present a significant increase in the volume of purchases

during events such as Black Friday and Christmas.

202.8

552.3

716.4

1Q18 4Q18 1Q19

2.6

8.3 9.5

1Q18 4Q18 1Q19

81.3

262.6 305.4

14.9

44.1 64.3

4.5

18.8 23.2

1Q18 4Q18 1Q19

Instalments with Interest Revolving Credit + Overdue Loans Transactor

100.7

325.5

392.9

Credit Card Portfolio In BRL Million

Interchange Revenues In BRL Million +262% YoY

Number of Cards Used In Thousand +253% YoY

Volume Transacted In BRL Million +295% YoY

131.7 436.4 491.0 197.7

665.6 810.7

1Q18 4Q18 1Q19

Credit Debit

1,301.7

1,102.0

329.4

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Inter’s Open Investment Platform (PAI)

The first quarter of 2019 was marked by the availability of the PAI in our app for our entire customer base. With this,

we saw a 245% increase in the number of investor clients in the annual comparison, when we reached the total of

176 thousand clients.

When we look only at customers investing in third-party products, we see even more relevant growth of 334% YoY

and 140% QoQ.

The PAI launch also reflected in the volume of funds under custody, which reached BRL 7.5 billion in 1Q19. Of this

total, BRL 3.5 billion represents the funding balance, which grew 23.2% year-on-year.

(1) Does not consider Demand Deposits;

(2) Considers: Shares, investment funds, third-party securities, public offerings and private pension plans.

5.7

6.8 7.5

1Q18 4Q18 1Q19

50.9

115.1

175.7

1Q18 4Q18 1Q19

Number of Depositors In BRL Million +245% YoY

Assets Under Administration¹ In BRL Billion +32% YoY

1Q19 4Q18 ∆ 1Q18 ∆

Time Deposits 1,589.0 1,625.6 -2.2% 1,363.1 16.6%

Real Estate Credit Bill 1,762.1 1,719.4 2.5% 1,404.9 25.4%

Financial Letters 12.6 12.4 1.6% 1.8 605.5%

Real Estate Guaranteed Letter 12.2 12.0 1.5% - n.a.

Savings Deposits 115.2 73.8 56.1% - n.a.

Agribusiness Credit Bill - 20.1 n.a. 18.1 n.a.

DPGE - - n.a. 39.4 n.a.

Interfinancial - - n.a. 6.9 n.a.

Third-Party Products ² 4,044.6 3,346.0 20.9% 2,865.4 41.2%

Total 5,946.7 5,183.7 14.7% 4,336.5 37.1%

Products (BRL Million)

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Insurance

We reached 7.1 thousand digital adhesions of insurance in the first quarter of 2019, which represents an increase of

44.5% in relation to 1Q18 and revenues reached BRL 4.7 million, growth of 55.7% compared to the same period of

the previous year.

The partnership with Wiz will allow us to increase our marketplace, giving us greater strength in this segment,

bringing together more than 2 million Banco Inter clients with the expertise of the country's largest insurance

distribution channel manager.

With 231 operations, the average ticket of auto, motorcycle and real estate consortia ended 1Q19 in BRL 31.3

thousand, with a production of BRL 9.6 million.

4.9

6.2 7.1

1Q18 4Q18 1Q19

3.0

4.6 4.7

1Q18 4Q18 1Q19

Commission Revenues In BRL Million +56% YoY

Digital Adhesions In Thousand +44% YoY

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Credit Portfolio and Total Assets

Total assets totaled BRL 5.9 billion in 1Q19, a 56.5% increase compared to 1Q18. Credit operations totaled BRL 3.5

billion, with growth of 30.8% in the last 12 months. Net Interest Margin (NIM) was 9.4% in 1Q18, against 8.8% in

1Q19.

The real estate credit portfolio accounted for 58.1% of the extended credit portfolio, followed by payroll loans, with

a 23.9% share, credit cards with 11.1% and SME credit with 6.9%.

Real Estate Credit

Real Estate Credit reached a portfolio of BRL 2.0 billion, expanding 28.5% in 12 months.

43.0% 43.0% 42.5%

1Q18 4Q18 1Q19

1,603.8 1,946.5 2,060.4

1Q18 4Q18 1Q19

59.2% 58.3% 58.1%

29.1% 24.3% 23.9%

8.1% 7.6% 6.9%

3.7%9.8%

11.1%

1Q18 4Q18 1Q19

Real Estate Payroll SME Credit Card

2,710.9 3,338.1 3,544.9

962.5

2,100.9 2,175.6 126.3

202.4 226.6

1Q18 4Q18 1Q19

Credit Operations Liquidity Others

2,710,9 3,338.1

3,544.9

3,799.8

5,641.3 5,947.1

Assets Evolution In BRL Million +56% YoY

Extended Credit Portfolio In BRL Million +31% YoY

Real Estate Credit Portfolio In BRL Million +28.5% YoY

Loan to Value % -0.5 pp YoY

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The volume of Real Estate loans originated reached BRL 248 million in 1Q19, an increase of 48.1% year-on-year.

Payroll Loans

The Payroll Loan portfolio totaled BRL 847 million, an increase of 7.5% over March 2018. The volume originated

reached BRL 152 million in 1Q19, an increase of 49.0% year-on-year.

102.2

120.9

152.2

1Q18 4Q18 1Q19

787.7 811.4

846.6

1Q18 4Q18 1Q19

167.2

238.5 247.6

1Q18 4Q18 1Q19

703.4

874.8942.3

28.5%30.9% 30.6%

1Q18 4Q18 1Q19

Home Equity LTV

900.5

1,071.7 1,118.1

50.3%52.0% 51.2%

1Q18 4Q18 1Q19

Mortgage Loans LTV

Mortgage Loans In BRL Million +24.2% YoY

Home Equity In BRL Million +34.0% YoY

Real Estate Credit Origination In BRL Million +48% YoY

Payroll Lending Portfolio In BRL Million +7.5% YoY

Payroll Lending Origination In BRL Million +49% YoY

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SME Credit

In 1Q19 the SME Credit Portfolio reached BRL 245 million, an increase of 12.3% in the year, with an origination of

BRL 361 million in 1Q19.

Quality of the Credit Portfolio NPL>90 days

Coverage Ratio

60.4% 62.9%

1Q18 1Q19

44.1% 48.1%

1Q18 1Q19

125.5%109.6%

1Q18 1Q19

91.5%78.8%

1Q18 1Q19

5.1%4.3%

1Q18 1Q19

6.2%

4.3%

1Q18 1Q19

3.3%

0.7%

1Q18 1Q19

4.3%3.6%

1Q18 1Q19

251.5

382.6 361.1

1Q18 4Q18 1Q19

218.2

254.6 245.0

1Q18 4Q18 1Q19

Payroll %

SME %

Real Estate %

Total %

Payroll %

SME %

Real Estate %

Total %

SME Credit Portfolio In BRL Million +12.3% YoY

SME Credit Origination In BRL Million +43.6% YoY

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The volume of credits recovered within the quarter reached BRL 6.3 million, an increase of 36.1% over twelve

months. The percentage of ALL expenses over loan portfolio reached 0.5%.

Credit by Level

0.4%0.3%

0.5%

1Q18 4Q18 1Q19

4.6

6.9 6.3

1Q18 4Q18 1Q19

(1) Allowance for Loan Losses Expenses + Recovery of

credits written off as loss

ALL Expenses¹ ÷ Loan Portfolio

% -0,1 pp YoY

Recovery of Credit Written off as Loss In BRL Million +36% YoY

RatingAllowance Required

Credit Portfolio (BRL MM)

%Allowance (BRL MM)

AA 0.0% 510.8 14.4% -

A 0.5% 2,558.1 72.2% (12.8)

B 1.0% 231.5 6.5% (2.3)

C 3.0% 86.7 2.4% (2.6)

D 10.0% 48.4 1.4% (4.8)

E 30.0% 27.7 0.8% (8.3)

F 50.0% 23.0 0.6% (11.5)

G 70.0% 14.9 0.4% (10.4)

H 100.0% 43.7 1.2% (43.5)

Total 3,544.9 100.0% (96.3)

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Liquidity Management

Liquidity management is carried out in an active manner, in accordance with Brazilian Central Bank Resolution 4,090/12, which provides for the liquidity risk management structure. For this management, the Bank has Policies

prepared in accordance with the management strategies monitored by the Risk area. It also monitors its cash requirement for 30 days, via liquidity indicators. The positions of 30, 90 and 180 days are accompanied by the Cash and Assets and Liabilities Committees.

Assets and Liabilities Management Banco Inter actively manages liquidity, monitoring the mismatches between its Asset and Liabilities portfolio. The

strategy adopted since the beginning of 2014, when we launched the Index Real Estate Credit Bill, with a minimum

term of 3 years, has been efficient in lengthening the term of our funding. In addition to the reduction of mismatched

maturities, this product has also contributed to the mitigation of market risk.

ASSETS1 FUNDING3

Lon

g T

erm

(1) Duration considers anticipated settlements (2) Considers Interbank Investments and Securities and derivative instruments (3) Does not consider Demand Deposits

Liabilities Assets

Sho

rt T

erm

Demand Deposits

Time Deposits

Letters of Credit

Shareholders’ Equity

Cash SME Credit

Payroll Loans Real Estate

Credit

Credit Card

Real Estate Guaranteed

Letter

Segment Balance (BRL MM) Duration (days) Balance (BRL MM) Duration (days)

Real Estate Credit 2,060.4 964 1,603.8 969

SME Credit 245.0 307 254.6 230

Payroll Loans 846.6 641 811.4 546

Cash and Cash Equivalents 2 2,175.6 215 962.5 443

5,327.6 577 3,632.4 683

1Q19 1Q18

Product Balance (BRL MM) Duration (days) Balance (BRL MM) Duration (days)

Real Estate Credit Bill 1,762.1 376 1,404.9 405

Time Deposits 1,589.0 490 1,363.1 488

Agribusiness Credit Bill - - 18.1 77

Real Estate Guaranteed Letter 12.2 640 - -

DPGE - - 39.4 129

Interfinancial - - 6.9 2

Onlending Operations 33.6 3,030 35.3 3,030

Financial Letters 12.6 340 1.8 414

Savings Deposits 115.2 1 - -

Total 3,524.7 441 2,869.4 468

1Q19 1Q18

22

Profitability

Banco Inter reached a net income of BRL 12.1 million, an increase of 15.7% year-on-year. The return on average assets (ROAA) was 0.8% in 1Q19. The return on average equity (ROAE) was 5.1%, a reduction of 5.7 pp when compared to the same period of the previous year.

Net Interest Margin (NIM) The net interest margin reached 8.8% in 2019, an increase of 1.2 pp, when compared to the same period of the

previous year.

10.8%

5.1%

1Q18 1Q19

1.1%

0.8%

1Q18 1Q19

10.4

12.1

1Q18 1Q19

ROAE

% -5.7 pp YoY

Net Profit In BRL Million +15.7% YoY

ROAA

% -0.3 pp YoY

% / BRL Million 1Q19 4Q18 ∆ 1Q18 ∆

ROAE (%pa) 5.1% 9.5% 4.4 pp 10.8% 5.7 pp

ROAA (%pa) 0.8% 1.7% 0.8 pp 1.1% 0.3 pp

Net Income 12.1 22.3 -45.9% 10.4 15.7%

Total Assets 5,947.1 5,641.3 5.4% 3,799.8 56.5%

Shareholder's Equity 948.1 948.8 -0.1% 387.4 144.7%

Fee Income 38.5 35.0 10.0% 18.7 106.5%

Net Interest Margin (BRL Million) 1Q19 4Q18 ∆ 1Q18 ∆

NIM (% a.a.) 8.8% 10.0% 1.2 pp 9.4% 0.6 pp

Net Interest Income (NII) 117.5 121.7 -3.4% 79.3 -3.4%

Average Earning Assets 5,486.3 5,030.2 9.1% 3,484.7 9.1%

23

Revenues from Financial Intermediation Income from financial intermediation totaled BRL 171.9 million in 1Q19.

Revenues from real estate credit operations decreased by 23.2% quarter-on-quarter due to the negative result of

the IGP-M (Market General Price Index) in December, generating impact on 1Q19 revenues.

Expenses from Financial Intermediation Financial Intermediation Expenses were BRL 76.7 million in the quarter, an increase of 5.1% over the previous year.

Cost-to-Income Ratio The Cost-to-Income was 79.7% in 1Q19, 18.1 pp higher when compared to 1Q18.

Administrative expenses increased 119.5%, driven by a 31.6% increase in personnel expenses due to the strategy of

prioritizing increased engagement and improved customer service.

In operating expenses, expenses with withdrawals, for example, reached BRL 5.6 million, an increase of 26.2% when

compared to 4Q18. However, in the last quarter we have reached the number of withdrawals required to enter into

a direct partnership with Tecban (Rede Banco24Horas), without any intermediation of the MasterCard, which will

significantly reduce our expenses with this service in the coming quarters.

(1) Commissions of correspondents deducted from revenue; (2) Revenues from Real Estate Credit Operations in 1Q19 were impacted by the IGP-M variation in 4Q18.

(3) Includes Payroll and Credit Card operations

Revenue from Financial Intermediation (BRL Million) 1Q19 4Q18 ∆ 1Q18 ∆

Revenue from Financial Intermediation 171.9 180.0 -4.5% 136.2 26.2%

Credit Operations¹ 138.4 152.3 -9.1% 122.9 12.6%

Real Estate Credit² 56.7 73.9 -23.2% 59.6 -4.9%

Personal Loans³ 56.0 52.5 6.8% 44.5 25.9%

SME Loans 25.7 26.0 -1.3% 18.8 36.9%

Results from Financial Investments 33.0 27.3 20.8% 13.1 151.1%

FX 0.1 0.3 -64.9% 0.2 -36.6%

Expenses from Financial Intermediation (BRL Million) 1Q19 4Q18 ∆ 1Q18 ∆

Expenses from Financial Intermediation (76.7) (75.6) 1.5% (73.0) 5.1%

Funding Expenses (54.0) (54.3) -0.7% (52.4) 3.1%

Allowance for Loan Losses (22.3) (17.2) 29.4% (16.1) 38.7%

Loan and Transfer Operations (0.4) (0.5) -11.0% (0.4) -2.2%

Sales or transfer of financial assets - (0.0) n.a. - n.a.

Derivative Operation - (3.5) n.a. (4.1) n.a.

Cost to Income Ratio 1Q19 4Q18 ∆ 1Q18 ∆

Total Expenses (114.5) (97.7) 17.2% (58.1) 97.0%

Personnel Expenses (33.6) (32.3) 4.0% (25.5) 31.6%

Other Administrative Expenses (64.9) (52.0) 24.6% (29.5) 119.5%

Other Operating Expenses (16.1) (13.4) 20.4% (3.1) 419.5%

Total Income 143.6 146.4 -2.0% 94.2 52.3%

Revenue from Financial Intermediation before Allowances 117.5 121.7 -3.4% 79.3 48.1%

Revenue from Services Rendered 24.2 17.1 41.4% 12.7 90.3%

Other Operating Incomes 9.8 15.2 -35.6% 7.9 24.9%

Tax Expenses (7.9) (7.6) 4.6% (5.7) 40.0%

Cost to Income Ratio (%) 79.7% 66.7% -13.0 pp 61.7% -18.1 pp

24

Cost optimization and economies of scale will come with higher levels of customer engagement and monetization

over the course of the year.

Shareholders’ Equity and Leverage

In the first quarter of 2019, shareholders' equity reached BRL 948.1 million, up by 145% year-on-year.

The credit portfolio to shareholders' equity ratio, which measures the institution’s leverage degree, reached 3.6x in 1Q19.

Basel Ratio

Banco Inter ended the first quarter of 2019 with a Basel Ratio of 25.8%.

15.4%

29.9%25.8%

1Q18 4Q18 1Q19

9.8x

5.9x 6.3x

1Q18 4Q18 1Q19

7.0x

3.5x 3.7x

1Q18 4Q18 1Q19

387.4

948.8 948.1

1Q18 4Q18 1Q19

(1) 100% TIER l.

Basel Ratio1

In % +10.4 pp YoY

Shareholders’ Equity In BRL Million +145% YoY

Total Assets ÷ Shareholders’ Equity -3.5x YoY

Credit Portfolio ÷ Shareholders’ Equity -3.3x YoY

25

RATINGS

CONTACT

VP and IR Officer Alexandre Riccio de Oliveira - +55 31 2101-7098

Head of IR Helena Lopes Caldeira - +55 31 2138-7989

IR Coordinator Felipe Lobo Rezende - +55 31 2138-7974

The numbers for our key metrics (Unit Economics), which include our monthly active users (MAU), daily active users (DAU), average revenue per

user (ARPU) and cross-selling index (CSI), are calculated using internal company data. While these numbers are based on what we believe to be

reasonable estimates, there are inherent challenges in measuring usage of our products. In addition, we are continually seeking to improve our

estimates of our user base, and such estimates may change due to improvements or changes in our methodology. We regularly review our processes

for calculating these metrics, and from time to time we may discover inaccuracies in our metrics or make adjustments to improve their accuracy,

including adjustments that may result in the recalculation of our historical metrics.

Agency Market Evaluation

BBB+(bra) national scale Nov/2018

Positive Outlook

braAA- national scale Mar/2019

Positive Outlook

Financial Statements

Table of Contents Management Report 28

Auditors’ report on the consolidated and individual financial statements 31

Balance Sheets 33

Income Statements 35

Comprehensive income statements 36

Statement of changes in shareholders’ equity 37

Cash flow statements 38

Statements of value added 39

Explanatory Notes to the financial statements 40

28

Management Report The Management of Banco Inter S.A., a private multiple bank specialized in credit and digital services, in compliance with legal and statutory provisions, presents to its shareholders the Consolidated Quarterly information for the period ended March 31, 2019. The information, unless otherwise indicated, is expressed in Brazilian currency (in thousands of Brazilian Reais) and was prepared based on accounting practices derived from Brazilian corporate law, associated with the standards and instructions of the National Monetary Council (CMN), the Central Bank of Brazil (BACEN) when applicable. Banco Inter S.A. Banco Inter is a fully digital bank and operates as a leader in the Brazilian banking industry revolution, offering a disruptive and unprecedented value proposal. It offers a new concept of bank - offering a complete portfolio of financial services and products, without charging bank fees, for all types of clients, regardless of age and economic or social condition. We have a unique business model, bringing together the best features of the traditional banking industry and financial technology companies (fintechs). The more than 20 years of experience and history of success in the Brazilian banking industry guarantee our credibility and expertise to provide quality services and products in a strongly regulated market. The essence of fintech, in parallel, provides a modern, agile, scalable and digital business model, best serving the demands of customers and growth strategies. Through the digital platform, accessed through our 100% digital and free account, via app and internet banking, we offer our own products and third-party products, ranging from traditional financial products to innovative services such as current account, mortgage, personal credit, investments, insurance, consortium, Interpag (payment via QR Code), credit for prepaid cell phones, currency exchange, digital short term parking, gift cards, among others. On March 31, 2019, the Bank was present in more than 5,456 Brazilian municipalities, and had account holders in 100% of Brazilian cities with more than 20 thousand inhabitants. In addition, the digital platform enables an accelerated growth in the base of digital account holders, increasing from 536 thousand account holders on March 31, 2018 to 1.94 million on March 31, 2019, equivalent to 261% growth in the period. Operational Highlights Digital Account On March 31, 2019, we beat the mark of 1.94 million digital account holders and continued to implement improvements in our Digital Account, releasing new products, such as the consortium, digital short term parking and gift cards, besides investing in better user experience in our app. The number of accounts opened per day surpassed 8.5 thousand in March. In 1QR19, the number of transactions carried out via app and internet banking amounted to 35.8 million, an impressive increase of 267.3% when compared to the same period in the previous year. In addition, the amount traded reached BRL 17.3 billion in 2019, 197.3% higher versus the same period in the previous year. Credit Portfolio In the first quarter of 2019 (“1QR 2019”), the balance of the Total Loan Operations amounted to BRL 3.5 billion, a positive variation of 5.9% as compared to December 31, 2018 and 31.9% compared to the same period of 2018. The home equity portfolio amounted to BRL 2.1 billion, up 5.7% compared to December 31, 2018, when it reached BRL 1.9 billion. The Individual Credit portfolio, in the amount of BRL 932.4 million, showed a 6.6% growth as compared to December 31, 2018. The Corporate Credit portfolio without real estate collateral showed a 5.5% increase as compared to December 2018, amounting to BRL 187.7 million. In the same period, Other Credit

29

portfolio with characteristics of credit granting, mainly represented by credit card transactions, obtained a 5.0% growth, amounting to BRL 365.7 million. Funding In March 2019, total funding amounted to BRL 4.3 billion, 4.3% higher versus BRL 4.1 billion recorded on December 2018 and 39.2% higher than the amount recorded in March 2018. The demand deposits amounted to BRL 843.1 million, i.e., a quarterly growth of 36.4%. Economic-Financial Highlights Net Profit On March 31, 2019, the Net Profit reached BRL 12.1 million, up 8.2% compared to the same period of 2018. The evolution of Net Profit is a result of the growth in the customer base and Banco Inter’s efforts to diversify the products and services offered to its customers. In addition, Revenues from Credit Operations also contributed to the expansion of Net Profit, which grew 12.65% as compared to the first quarter of 2018. We highlight in this quarter the Corporate Credit portfolio, whose growth was 34.1% compared to the same period in the previous year. Annualized Return on Average Shareholders' Equity (ROAE) in 1QR 2019 was 5.1%, a 6.5 p.p. reduction when compared to the same period in the previous year (ROAE of 11.6%). Gross Result from Financial Operations In March 2019, the Gross Result from Financial Operations reached BRL 98.7 million, 54.2% higher than the amount recorded in the same period of 2018. Service provision income In 1QR 2019, service provision income reached BRL 22.9 million, an increase of 80.9% over the same period in 2018. Administrative Expenses Administrative and personnel expenses incurred during the 1QR 2019 amounted to BRL 98.4 million, a 78.8% increase as compared to the year of 2018, a growth explained by the Bank’s preparation for larger-scale operations, in addition to the increasing volume of operations. Equity Highlights Total Assets Total Assets amounted to BRL 5.9 billion in 2019, 5.4% higher when compared to December 2018. The highlight was the Credit Operations, which amounted to BRL 3.5 billion in March 2019, representing a 31.9% increase in the last 12 months. Shareholders’ Equity On March 31, 2019, Shareholders’ Equity reached BRL 948.1 million, remaining stable in relation to December 2018. The ratio between Credit portfolio and Shareholders' Equity, one of the indicators measuring the leverage degree of the institution, was at 3.3 times in March 2019, an increase of 6.1% compared to December 2018 when it presented a ratio of 3.1 times. Basel Index According to the regulatory rules of Central Bank of Brazil, banks must maintain a minimum percentage of 8.625% of risk-weighted assets that affect their operations in order to preserve the solvency and stability of the financial system in relation to fluctuations and economic hardships. Banco Inter ended 2018 with a Basel Index of 25.81%, keeping a strong capital structure for the maintenance of the institution’s growth rates.

30

Ratings The Investment Grade rating attributed by the specialized agencies Fitch Ratings and Standard & Poor’s, with long-term national ratings of “BBB+(bra)” and “brAA-”, respectively, evidencing the Banco Inter’s comfortable capitalization level and adequate liquidity position. The agencies give emphasis to the improvement in credit quality, the mitigation of risks of mismatching terms and important advances in cross-selling of products and in the autonomy of funding, reflecting the benefits of the exponential growth of the customer base in recent months. Securities Portfolio - Letter No. 3,068/2001 - Bacen Banco Inter states that it has securities classified as “available for sale” in the amount of BRL 352 million at fair market value. These securities are mainly represented by Treasury Bills, Certificate of Receivables, Real Estate, and Investment Fund Shares. Executive Office Statement The Bank’s Executive Office states that it has discussed, reviewed and agree with the opinions expressed in the independent auditors’ report, as well as reviewed, discussed and agree with the financial information for the fiscal year ended on March 31, 2019. Relation with Independent Auditors In compliance with CVM Instruction no. 381, the Bank and its contolled companies did not engage nor have had services rendered by KPMG Auditores Independentes related to these companies other than the external audit services in the first three months of 2019. The adopted policy complies with the principles that preserve the auditor’s independence, pursuant to internationally accepted criteria, i.e., the auditor shall not audit his own work or perform managerial functions in its customer or promote the interests of the customer. Acknowledgments In addition to the recurring recognition we have received from our customers, we are pleased to be included, for the fifth consecutive year, in the ranking of the “Best Companies to Work For” - GPTW, occupying the 7th position among the companies of Minas Gerais State. We thank our shareholders, customers and partners for their trust, and each of our employees who build our history, day-after-day. Belo Horizonte, May 08, 2019. Management

KPMG Auditores Independentes, uma sociedade simples brasileira e firma-membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative (“KPMG International”), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

31

KPMG Auditores Independentes Rua Paraíba, 550 - 12th Floor - Funcionários 30130-141 - Belo Horizonte/MG - Brazil P.O. Box 3310 - Zip Code 30130-970 - Belo Horizonte/MG - Brazil Phone number +55 (31) 2128-5700, Fax +55 (31) 2128-5702 www.kpmg.com.br

Report on the review of quarterly information - QR

To the managers and shareholders of Banco Inter Belo Horizonte - MG

Introduction

We have reviewed the individual and consolidated interim financial information of Banco Inter S.A. contained in the Interim Financial Information (QR) for the quarter ended on March 31, 2019, which comprises the balance sheet as of March 31, 2019, and the related financial statements of income, comprehensive income, changes in shareholders’ equity and cash flows for the three-month period ended on such date, including the explanatory notes.

The Bank’s management is responsible for preparing and presenting these interim financial information in accordance with the accounting practices adopted in Brazil applicable to the institutions authorized to operate by the Central Bank of Brazil, as well as for submitting such information in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission, applicable to the preparation of the Quarterly Information. Our responsibility is to express a conclusion on this interim accounting information based on our review.

Range of Review

We conducted our review in accordance with the Brazilian and International Standards on Review Engagements (NBC TR 2410 - Review of Interim financial statements Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Statements Performed by the Independent Auditor of the Entity, respectively). A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Therefore, we do not express an audit opinion.

KPMG Auditores Independentes, uma sociedade simples brasileira e firma-membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative (“KPMG International”), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

32

Conclusion

Based on our review, we are not aware of any fact that leads us to believe that the aforementioned interim, individual and consolidated financial information included in the quarterly information referred to above was not prepared, in all material respects, in accordance with the accounting practices adopted in Brazil applicable to institutions authorized to operate by the Central Bank of Brazil and presented in a manner consistent with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of the Quarterly Information (QR).

Other matters

Value-added statement

The individual and consolidated interim financial information related to the statements of value added (DVA) for the three-month period ended March 31, 2019, prepared under the responsibility of the Bank’s management, which presentation is not required in accordance with the practices accounting practices adopted in Brazil applicable to institutions authorized to operate by the Central Bank of Brazil were submitted to review procedures executed in conjunction with the review of the Bank’s quarterly information. For the purpose of forming our conclusion, we assess whether these statements are reconciled with the interim accounting information and accounting records, as applicable, and whether their form and content comply with the criteria set forth in Technical Pronouncement CPC 09 - Statement of Added Value. Based on our review, we are not aware of any fact that would lead us to believe that they were not prepared, in all material respects, in a manner consistent with the individual and consolidated interim financial information taken as a whole.

Belo Horizonte, May 08, 2019

KPMG Auditores Independentes CRC SP-014428/O-6 F-MG

Original report in Portuguese signed by Anderson Luiz de Menezes Accountant CRC MG-070240/O-3

33

Balance Sheet for the Period Ended March 31, 2019 and December 31, 2018 (Amounts in thousands of Brazilian Reais)

Assets Note 3/31/2019 12/31/2018 3/31/2019 12/31/2018

Current Assets

Cash Equivalents 4 14,548 10,478 14,585 10,479

Interfinancial Investments 5 1,645,899 1,671,274 1,645,899 1,671,274 Investments in the Open Market Funds 1,513,453 1,535,587 1,513,453 1,535,587 Investments in Interbank deposits 132,446 135,687 132,446 135,687

Securities and derivative financial instruments 6 78,726 63,290 78,751 63,310 Own portfolio 67,578 52,309 67,603 52,329 Bound to Provision of Guarantees 11,148 10,981 11,148 10,981

Interbank Relations (assets) 7 145,845 90,118 145,845 90,118 Outstanding Payments and Receivables 47,926 - 47,926 - Deposits with the Central Bank 97,919 90,118 97,919 90,118

Interdependent relations 12 3 12 3 Internal Funds Transfers 12 3 12 3

Credit operations 8 811,287 788,028 811,287 788,028 Private sector 853,787 824,158 853,787 824,158 Allowance for doubtful accounts (42,500) (36,130) (42,500) (36,130)

Other credits 9 475,946 457,266 481,391 468,031 Foreign Exchange Portfolio 697 15 697 15 Income Receivable 3,724 10,508 5,469 11,758 Outstanding Settlements 2,051 2,020 2,051 2,020 Miscellaneous 473,087 447,231 476,787 456,746 Allowance for doubtful accounts (3,613) (2,508) (3,613) (2,508)

Other values and assets 115,293 97,205 115,301 97,230 Other Values and Assets 91,683 81,480 91,683 81,480 Prepaid expenses 23,610 15,725 23,618 15,750

Total current assets 3,287,556 3,177,662 3,293,071 3,188,473

Non-current assets

Long Term Receivables

Interbank Investments 5 10,172 14,613 10,172 14,613 Investments in Interbank deposits 10,172 14,613 10,172 14,613

Securities and derivative financial instruments 6 273,456 245,484 280,336 251,086 Own portfolio 273,456 245,484 280,336 251,086

Credit operations 8 2,275,255 2,123,484 2,275,255 2,123,484 Private sector 2,325,406 2,174,652 2,325,406 2,174,652 Allowance for doubtful accounts (50,151) (51,168) (50,151) (51,168)

Other credits 9 17,134 9,493 17,134 9,493 Miscellaneous 17,134 9,557 17,134 9,557 Allowance for doubtful accounts - (64) - (64)

Other values and assets 10 13,116 12,839 13,116 12,839 Other Values and Assets 8,727 8,727 8,727 8,727 (Provisions for Devaluations) - (277) - (277) Prepaid expenses 4,389 4,389 4,389 4,389

Total Long Term Receivables 2,589,133 2,405,913 2,596,013 2,411,515

Permanent Assets

Investiments 11 25,623 17,570 1,105 1,105 In the country 24,518 16,465 - - Others Investments 1,105 1,105 1,105 1,105

Property, Plant and Equipment for use 19,114 13,777 19,138 13,826 Real State 5,366 - 5,366 - Other Fixed Assets for use 22,882 22,450 22,952 22,517 (Accumulated Depreciation) (9,134) (8,673) (9,180) (8,691)

Intangible 36,683 26,040 37,775 26,425 Intangible Assets 39,239 27,374 40,370 27,786 (Accumulated Amortization) (2,556) (1,334) (2,595) (1,361)

Total permanent assets 81,420 57,387 58,018 41,356

Total non-current assets 2,670,553 2,463,300 2,654,031 2,452,871

Total Assets 5,958,109 5,640,962 5,947,102 5,641,344 The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

34

Balance Sheet for the Period Ended March 31, 2019 and December 31, 2018 (Amounts in thousands of Brazilian Reais)

Liabilities Note 3/31/2019 12/31/2018 3/31/2019 12/31/2018

Current Liabilities

Deposits 12a 1,401,980 1,212,085 1,397,427 1,210,718 Demand deposits 847,657 619,655 843,104 618,288 Savings deposits 115,158 73,778 115,158 73,778 Term Deposits 439,165 460,482 439,165 460,482 Other deposits - 58,170 - 58,170

Funding in the open market 96,092 30,704 93,386 25,888 Own portfolio - 30,704 - 25,888 Third-party portfolio 96,092 - 93,386 -

Funds from acceptances and issuance of bonds 12b 1,204,518 1,197,540 1,204,518 1,197,540 Funds from Real Estate, Mortgage, Credit Letters and 1,204,518 1,197,540 1,204,518 1,197,540

Interbank Relations 7 332,146 265,081 332,146 265,081 Receipts and Payments to be settled 332,146 265,081 332,146 265,081

Interdependent relations 1,571 440 1,571 440

Borrowing obligations 146 2 146 2

Onlending obligations - Official institutions 13 1,322 1,338 1,322 1,338 CEF 1,322 1,338 1,322 1,338

Derivative financial instruments - 996 - 996

Other obligations 14 176,309 175,328 181,890 184,191 Charge and Collection of Taxes and Similars 1,360 1,221 1,360 1,221 Foreign Exchange Portfolio 1,795 1,788 1,795 1,788 Social and Statutory 11,328 8,033 11,328 8,033 Tax and social security 7,462 8,615 8,528 9,980 Securities Trading and Brokerage - - 2,084 7,703 Miscellaneous 154,364 155,671 156,795 155,466

Total current liabilities 3,214,084 2,883,514 3,212,406 2,886,194

Non-current liabilities

Long-term liabilities

Deposits 12a 1,154,432 1,182,350 1,144,843 1,179,800 Time Deposits 1,154,432 1,182,350 1,144,843 1,179,800

Funds from acceptances and issuance of bonds 12b 582,385 566,396 582,385 566,396 Funds from Real Estate, Mortgage, Credit Letters and 582,385 566,396 582,385 566,396

Onlending obligations - Official institutions 13 29,780 30,648 29,780 30,648 Onlending obligations 29,780 30,648 29,780 30,648

Other obligations 14 20,302 18,940 20,302 18,940 Miscellaneous 20,302 18,940 20,302 18,940

Results of Future Periods 9,042 10,333 9,042 10,333

Total Long-term liabilities 1,795,941 1,808,667 1,786,352 1,806,117

Shareholders’ Equity

Share Capital 848,760 848,760 848,760 848,760 Domiciled in the country 848,760 848,760 848,760 848,760

Capital reserve 1,323 1,290 1,323 1,290 Profit reserve 101,765 102,503 101,765 102,503 (-) Equity Value adjustment (3,371) (3,340) (3,371) (3,340) (-) Treasury shares (393) (432) (393) (432)

Total shareholders' equity 948,084 948,781 948,084 948,781

Non-controlling interest in subsidiaries - - 260 252

Total non current liabilities 2,744,025 2,757,448 2,734,696 2,755,150

Total liabilities 5,958,109 5,640,962 5,947,102 5,641,344 The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

35

Statement of Shareholders’ Equity Quarters ended March 31, 2019 and March 31, 2018 (Amounts in thousands of Brazilian Reais)

Note 3/31/2019 3/31/2018 3/31/2019 3/31/2018

Net Interest IncomeCredit operations 8f 138,431 122,889 138,431 122,889 Income from Foreing Exchange Operations 111 175 111 175 Income from interbank liquidity investments 5 26,190 7,958 26,190 7,958 Income from securities 6 6,585 5,109 6,815 5,188 Income from derivative financial instruments 6 342 - 342 -

171,659 136,131 171,889 136,210 Financial Operations ExpensensMarket funding operations 12c (54,081) (52,429) (53,965) (52,363) Borrowings and onlending obligations (435) (445) (435) (445) Allowance for doubtful accounts 8e (22,306) (16,080) (22,306) (16,080) Derivative operations 6 - (4,068) - (4,068)

(76,822) (73,022) (76,706) (72,956)

Gross profit from financial operations 94,837 63,109 95,183 63,254

Other operational revenues (expenses)Income from provision of services 19 18,166 7,464 24,183 13,432 Personnel expenses 20 (32,139) (21,971) (33,550) (25,485) Other administrative expenses 21 (63,951) (29,261) (64,850) (29,543) Tax Expenses (7,491) (5,270) (7,929) (5,662) Result of interests in subsidiaries 11 3,053 2,107 - - Non-Interest Income 22 9,584 7,865 9,825 9,068 Other non-interest expenses 23 (16,036) (4,292) (16,080) (4,298)

(88,814) (43,358) (88,401) (42,488)

Operational result 6,023 19,751 6,782 20,766 Non-operational result (2,222) (2,881) (2,260) (2,881)

Income before tax on profit 3,801 16,870 4,522 17,885

Income tax 16 - (2,503) (482) (5,206) Social contribution 16 - (2,007) (205) Deferred income tax and social contribution 16 8,275 (1,449) 8,249 (1,512)

8,275 (5,959) 7,562 (6,718)

Profit of the Quarter / periods 12,076 10,911 12,084 11,167

Profit attributable to:Interests of controlling shareholders 12,076 10,911Interests of non-controlling shareholders 8 256

Basic earnings per share - BRL 0.1192 0.1528 0.1192 0.1528 Diluted earnings per share - BRL 0.1183 0.1516 0.1183 0.1516

The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

36

Statement of Comprehensive Income Quarters ended March 31, 2019 and March 31, 2018 (Amounts in thousands of Brazilian Reais)

31/03/19 31/03/18 31/03/19 31/03/18

Profit of the Quarter / periods 12,076 10,911 12,084 11,167

Other comprehensive income for the quarter

Items that can be subsequently reclassified to the result

Evaluation result at fair value of securities available-for-sale (31) (28) (31) (28)

Total comprehensive income for the quarter 12,045 10,883 12,053 11,139

Allocation of comprehensive incomeShare of comprehensive income of controlling shareholders 12,045 10,883

Share of comprehensive income of non-controlling shareholders 8 256

Total comprehensive income for the quarter 12,053 11,139

The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

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Statement of Shareholder’s Equity Quarters ended March 31, 2019 and March 31, 2018 (Amounts in thousands of Brazilian Reais)

Share CapitalCapital

reserveLegal

reserve

Profit retention reserve

Equity Value adjustment

Accumulated Earnings Treasury shares

Total Bank Equity

Non-Controlling Interest in

Subsidiaries Equity

Total Shareholders’

Equity

Balance on December 31, 2017 311,874 - 9,875 63,461 166 - (2,284) 383,092 979 384,071

Result for the period - - - - - 10,911 - 10,911 256 11,167 Proposed allocations:

Constitution of legal reserve - - 546 - - (546) - - - - Constitution of profits reserve for distribution - - - 3,900 - (3,900) - - - -

Dividends and interest on equity (BRL 0.09/share) - - - - - (6,465) - (6,465) (35) (6,500) Treasury shares - - - - - - (55) - - - Adjustment to market value - - - - (51) - - (51) - (51)

Balance on March 31, 2018 311,874 - 10,421 67,361 115 - (2,339) 387,487 1,200 388,687 Changes in the period - - 546 3,900 (51) - (55) 4,395 221 4,616

Balance on December 31, 2018 848,760 1,290 13,262 89,241 (3,340) - (432) 948,781 252 949,033

Goodwill treasury shares sale - 7 - - - - - 7 - 7 Share-based payment - 26 - - - - - 26 - 26 Result for the period - - - - - 12,076 - 12,076 8 12,084 Proposed allocations:

Constitution of legal reserve - - 604 - - (604) - - - - Constitution of profits reserve for distribution - - - (1,342) - 1,342 - - - -

Dividends and interest on equity (BRL 0.13/share) - - - - - (12,814) - (12,814) - (12,814) Treasury shares - - - - - - 39 39 - 39 Adjustment to market value - - - - (31) - - (31) - (31)

Balance on March 31, 2019 848,760 1,323 13,866 87,899 (3,371) - (393) 948,084 260 948,344 Changes in the period - 33 604 (1,342) (31) - 39 (697) 8 (689)

The explanatory notes are an integral part of these financial statements.

Profit reserve

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Cash Flow Statements Quarters ended March 31, 2019 and March 31, 2018 (Amounts in thousands of Brazilian Reais)

Prepared by indirect method 3/31/2019 3/31/2018 3/31/2019 3/31/2018

Operational activitiesNet income 12,076 10,911 12,084 11,167 Provision for income tax - - 686 - Provision for doubtful accounts 22,306 16,080 20,221 16,080 Deferred taxes (8,275) 1,449 (8,249) 1,512 Civil, labor and tax Provisions/(Reversals) 1,651 3,136 1,651 3,136 Result of interests in subsidiaries and associated companies (3,053) (2,107) - - Result of foreign exchange variation (100) 115 (100) 115 Depreciation and amortization 1,706 345 1,746 344 Recognized Grant Options and Share-Based Payment 26 - 26 - (Gain) / loss on the sale of permanent assets (47) - (47) - Other capital gains and losses - 1,394 - 1,394

Change in assets and liabilitiesReduction/(Increase) in liquidity interbank investments 7,682 (75,251) 7,682 (75,251) Reduction/(Increase) in securities - - (1,282) - Reduction/(Increase) in Interbank relations 11,338 (12,410) 11,338 (12,410) Reduction/(Increase) in credit operations (197,336) (83,384) (195,251) (83,384) Reduction/(Increase) in other credits (18,231) (61,917) (12,912) (61,676) Reduction/(Increase) in other values and assets (18,366) (11,520) (18,349) (11,510) Reduction/(Increase) in deposits 161,978 133,080 156,783 131,405 (Reduction)/Increase in funding in the open market 65,388 (9,965) 62,469 (9,965) Reduction/(Increase) in funds from acceptances and issuance of bonds 22,967 23,708 22,967 23,708 (Reduction)/Increase of interdependent relations 1,120 144 1,120 144 (Reduction)/Increase in obligations from borrowings and onlendings (740) (778) (740) (778) (Reduction)/Increase in derivative financial instruments (996) - (996) - (Reduction)/Increased in results of future periods (1,292) 14,208 (1,292) 14,208 (Reduction)/Increase in other obligations (4,089) 43,619 (8,085) 43,844

Net cash used in operating activities 55,713 (9,143) 51,470 (7,917)

Taxes and Social Contribution Paid - - 188 (59)

Investment activitiesAcquisition of investments (5,000) - - - Acquisition of property, plant and equipment for use (6,486) (345) (6,488) -342Disposal of property, plant and equipment for use 713 - 713 - Acquisition of intangible assets (11,866) (559) (12,585) (566) Increase in securities available for sale (70,813) (61,552) (70,813) (62,612) Reduction in securities available for sale 27,374 19,663 27,374 19,793 Receipt of dividends 188 - - 0

Net cash used in investment activities (65,890) (42,793) (61,799) (43,727)

Financing activitiesRepurchase of treasury shares - (55) - -55Sale of treasury shares 46 - 46 - Interest on equity and dividends paid (8,033) - (8,033) (223)

Net cash from financing activities (7,987) (55) (7,987) (278) Increase (decrease) in cash and cash equivalents (18,164) (51,991) (18,128) (51,981)

Cash and cash equivalents at beginning of period 1,546,066 472,261 1,546,066 472,262 Cash and cash equivalents at end of period 1,528,002 420,155 1,528,038 420,166 Effect of exchange rate variation on cash and cash equivalents (100) 115 (100) 115

Increase (decrease) in cash and cash equivalents (18,164) (51,991) (18,128) (51,981)

Noncash transactions

Provision for interest on equity 12,814 6,465 12,814 6,465

The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

40

Added Value Statement Quarters ended March 31, 2019 and March 31, 2018 (Amounts in thousands of Brazilian Reais)

3/31/2019 3/31/2018 3/31/2019 3/31/2018

1. Revenue 163,878 134,469 170,322 141,715

1.1 Financial operations 175,421 142,493 175,651 142,572 1.2 Provision of services 18,166 7,464 24,182 13,432 1.4 Borrowings and onlending obligations (435) (445) (435) (445) 1.5 Provision for doubtful accounts (22,306) (16,080) (22,306) (16,080) 1.6 Other operational revenues/expenses (4,746) 3,918 (4,509) 5,117 1.7 Non-operating (2,222) (2,881) (2,261) (2,881)

2. Expenses on Financial Operations 54,081 56,497 53,965 56,431

3. Materials and services purchased from third parties 66,020 34,284 66,892 34,545

3.1 Materials, energy and others 54,435 20,693 54,964 20,8573.2 Third Party Services 11,585 13,591 11,928 13,688

4. Gross added value (1-2-3) 43,777 43,688 49,465 50,739

5. Retentions (1,706) (345) (1,746) (347)

Depreciation and amortization (1,706) (345) (1,746) (347)

6. Net added value produced by the entity (4 + 5) 42,071 43,343 47,719 50,392

7. Added value received on transfer 3,053 2,107 0 0

7.1 Equity income result 3,053 2,107 - -

8. Value added to distribute (6 + 7) 45,124 45,450 47,719 50,392

9. Distribution of added value 45,124 45,450 47,719 50,392

9.1 Personnel and Charges 27,453 19,051 28,661 22,3829.1.1 Direct remuneration 21,212 15,168 22,202 18,3459.1.2 Benefits 5,040 3,149 5,211 3,2599.1.3 FGTS 1,201 734 1,248 778

9.2 Taxes, contributions and fees 3,903 14,149 5,257 15,4849.2.1 Federal 2,869 13,722 4,039 14,8979.2.2 Municipal 1,034 427 1,218 587

9.3 Rents 1,691 1,338 1,716 1,3589.4 Interest on Equity 12,814 6,465 12,814 6,4659.5 Result retained in the quarter (737) 4,447 (737) 4,4479.6 Interests of non-controlling shareholders - - 8 256

The explanatory notes are an integral part of these financial statements.

Parent Company Consolidated

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Explanatory Notes to the financial statements (in thousands of Brazilian Reais, except as provided otherwise)

1 Operational context Founded in 1994, Banco Inter S.A. started operations in February 1995, with the main objective being the credit operations and the services allowed by the Central Bank of Brazil, being allowed, under the terms of the applicable legislation, to participate in other companies. The Bank is a publicly traded company, operating in the form of a Multiple Bank. Banco Inter, a multi-service digital bank, with a complete platform for individuals and legal entities, operates in credit with a focus on Real Estate Credit, Personal Credit, Corporate Credit and Credit Card products. The funding portfolio is comprised by a diversified portfolio of investment products and has the following funding lines: Savings, Real Estate Secured Bill (LIG), Certificate of Deposit (CDB), Letter of Real Estate Credit (LCI), Letter of Agribusiness Credit (LCA), Financial Letter (LF) and Time Deposit. 2 new products were launched during the 1th quarter of 2019, which are: digital short term parking and gift cards.

2 Presentation of financial statements The financial statements were prepared based on the provisions set forth in Brazilian Corporate Law, including the amendments introduced by Law 11,638 dated December 28, 2007 and Law No. 11,941 dated May 27, 2009 in compliance, as applicable, with the regulations of the Central Bank of Brazil (BACEN) and the National Monetary Council (CMN), based on the Accounting Plan for Institutions of the National Financial System (COSIF). Adhering to the process of convergence with international accounting standards, some rules and their interpretations were issued by the Accounting Pronouncements Committee (CPC), which will be applicable to financial institutions when approved by CMN. In this sense, the accounting pronouncements already approved by the Central Bank of Brazil are: Resolution no. 3,566/2008 - Impairment of assets - CPC 01 (R1). Resolution no. 3,604/2008 - Cash Flow Statement - CPC 03 (R2). Resolution no. 3,750/2009 - Disclosure on related parties - CPC 05 (R1). Resolution no. 3,823/2009 - Provisions, Contingent Liabilities and Contingent Assets - CPC 25. Resolution no. 3,873/2011 - Subsequent events - CPC 24. Resolution no. 3,989/2011 - Share-based Compensation - CPC 10 (R1). Resolution no. 4,007/2011 - Accounting policies, change in estimate and correction of error - CPC 23. Resolution no. 4,144/2012 - Basic Conceptual Pronouncement - CPC 00 (R1). Resolution no. 4,424/2015 - Employee benefits – CPC 33 (R1). Resolution no. 4,524/2016 - Effects from variations in foreign exchange rates and translation of financial statements – CPC 02 (R2). Resolution No. 4,534/2016 - Intangible assets – CPC 04 (R1). Resolution no. 4,535/2016 - Property, plant and equipment – CPC 27. Currently, it is not possible to estimate when the CMN will approve further accounting pronouncements from CPC, nor whether the use of these will be prospective or retrospective. The Management states that the disclosures made in the individual and consolidated financial statements of Banco Inter show all the relevant information used in its management and that the accounting practices described were consistently applied between the fiscal years, except for the

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accounting practice adopted as of January 01, 2018, referring to the classification of overdue credit operations in its current assets, as well as the segregation between current and non-current assets for provision for doubtful accounts. The issuance of the financial statements was authorized by the Executive Office in the minutes of the Meeting of the Executive Office held on May 08, 2019.

a. Use of estimates and judgments In preparing these financial statements, Management used judgments, estimates, and assumptions that affect the application of the Bank’s accounting policies and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from such estimates. Estimates and assumptions are reviewed continuously. Revisions to the estimates are recognized prospectively. Information on the uncertainties related to assumptions and estimates that have a significant risk of resulting in a material adjustment in the years subsequent to 2019 are included in the following explanatory notes: • Explanatory Note no. 6 - estimates of the fair value of certain financial instruments and

impairment of securities classified as available-for-sale securities.

• Explanatory Note no. 8 - Provisioning criterion: the measurement of estimated losses with credit operations.

• Explanatory Note no. 9 - recognition of deferred tax assets: availability of future taxable income against which tax losses can be used.

• Explanatory Note no. 18 - recognition and measurement of provisions and contingencies: main assumptions about the likelihood and magnitude of fund outflows.

3 Main accounting policies

a. Basis for consolidation The following table sets forth the subsidiaries included in the consolidated financial statements:

(i) Subsidiaries The Bank is the controlling company of an entity when it is exposed to, or is entitled to, the variable returns arising from its involvement with such entity and have the ability to affect those returns by exercising its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements as from the date the Group gains control until the date on which the control ceases to exist. In the individual financial statements of the parent company, when required, the financial information of subsidiaries is recognized using the equity income method.

(ii) Non-controlling shareholders’ stake The Bank and its subsidiaries book the non-controlling shareholder’s stake in shareholders’ equity in the consolidated balance sheet. In transactions involving purchases of stakes with non-controlling shareholders, the difference between the amount paid and the stake acquired is

Entity Branch Activity3/31/2019 12/31/2018

Inter Distribuidora de Títulos e Valores Mobiliários Ltda. TVM Distributors 98% 98%Inter Digital Corretora e Consultoria de Seguros Ltda. Insurance Broker 99,9% 100%Inter Asset Administradora de Fundos Ltda. Fund Management 99,9% -

Shareholding (%)

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recorded in shareholders’ equity. Gains or losses on sale to non-controlling shareholders are also recorded in shareholders’ equity. Profits or losses attributed to non-controlling shareholders are presented in the consolidated financial statements as profits or losses attributed to non-controlling shareholders.

(iii) Balances and transactions removed from consolidation Intercompany balances and transactions within the Group, including any unrealized gains or losses arising from intercompany transactions, are removed in the consolidation process. Unrealized losses are removed in the same manner as unrealized gains, but only to the extent that there is evidence of impairment.

b. Basis for measurement The financial statements were prepared based on historical cost, except, when applicable, for certain financial instruments measured at their fair values, as described in the accounting practices below. Historical cost is usually based on the fair value of the consideration paid in exchange for assets.

c. Functional currency These financial statements are presented in Brazilian Reais, which is the Institution’s functional currency. All financial information presented in Brazilian Real has been rounded to the nearest thousand unless otherwise provided.

d. Income calculation In compliance with the accrual basis, revenues and expenses are recognized in the income calculation for the period to which they belong and, when they are correlated, simultaneously, irrespective of receipt or payment. Transactions formalized using post-fixed financial charges are restated based on the pro rata dia criterion, based on the variation of the respective agreed indexes, and transactions using pre-fixed financial charges are recorded at the redemption value, restated on account of unearned income or expenses corresponding to the future period. Transactions indexed to foreign currencies are adjusted up to the balance sheet date by the current rate criterion.

e. Cash and cash equivalents Cash and cash equivalents include cash, bank deposits, open market investments and in interbank deposits, short-term highly liquid investments with negligible risk of variation in value and limits, with 90 day-maturity of less, on the date of acquisition, which are used by the Bank to manage its short-term obligations and are presented in Explanatory Note no. 4.

f. Interbank liquidity investments Interbank liquidity investments are recorded at the acquisition cost, plus income earned up to the balance sheet date, deducting the provision for impairment losses, when applicable.

g. Securities Securities are recorded and classified in compliance with BACEN Letter no. 3,068/2001, which sets forth the evaluation and accounting assignment criteria for such papers. The Bank has papers classified as: Securities available-for-sale - Include securities booked at market value, their intrinsic income being recognized in the income statement and gains and losses arising from changes in market value, not yet paid-up, recognized in a specific shareholders’ equity account (Adjustment to equity valuation) until the pay-up by sale, net of the corresponding tax effects, when applicable. Securities held for trading - In the securities for trading category, must be recorded those acquired for the purpose of being actively and frequently traded. Gains and losses arising from changes in market value are recognized in the income statement.

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Securities classified in the available-for-sale category, as well as derivative financial instruments, are shown in the consolidated balance sheet at their estimated fair value. Fair value is generally based on market price quotations or market price quotations for assets or liabilities with similar characteristics. If such market prices are not available, fair values are based on forecasts made by market operators, pricing models, discounted cash flow or similar techniques for which the fair value determination may require Management’s judgment or significant forecast.

h. Derivative financial instruments Derivative financial instruments are valued at market value at monthly balance sheets and balance sheets. The appreciations or devaluations are booked in the income or expense accounts of the respective financial instruments. The mark-to-market methodology of derivative financial instruments was established in compliance with consistent and verifiable criteria, taking into account the average trading price on the day of calculation or, if not available, pricing models that reflect the likely net paid-up value according to the characteristics of the derivative. The transactions are recorded at fair value considering the mark-to-market methodologies adopted by the Bank, and their adjustment can be booked in the financial statement or in shareholders’ equity, depending on the classification among accounting hedge, its categories and economic hedge. Derivative financial instruments used to offset, in whole or in part, the risks arising from exposures to variations in market value or in the cash flow of financial assets or liabilities, expected future obligation or transaction are considered hedge instruments and are classified according to their nature in: Market risk hedge: financial instruments classified as such, as well as the hedged item, have their appreciations or devaluations recognized in the income statement for the year. Cash flow hedge: For the financial instruments included in this category, the effective portion of the appreciations or devaluations is recorded, net of tax effects, in the “Equity Valuation Adjustment of Shareholders’ Equity” account. Effective portion is understood as the variation in the hedged item, directly related to the corresponding risk, is offset by the variation in the financial instrument used for hedging, considering the cumulative effect of the transaction. Other variations in these instruments are recognized directly in the income statement for the year. For derivatives classified in the accounting hedge category, there is a monitoring of (i) strategy effectiveness, through prospective and retrospective effectiveness tests, and (ii) mark-to-market of hedge instruments.

i. Credit operations and provision for doubtful accounts Basically, they consist of loans and financing with operations carried out at pre- and post-fixed rates. These are presented at paid-up values, including income earned as a result of the contractual terms of operations, and are classified in the respective risk levels, in compliance with: (i) the metrics set forth by CMN Resolution no. 2,682/1999, which requires its classification into nine levels, being “AA” (minimum risk) and “H” (maximum risk); and (ii) Management’s assessment on the level of risk. This evaluation, carried out periodically, considers the economic environment, past experience and specific and global risks in relation to operations, debtors and guarantors. In addition, the periods of delinquency defined in CMN Resolution no. 2,682/1999 are also considered for assigning customer rating levels as follows: Default period Customer rating From 0 to 14 days A

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from 15 to 30 days B from 31 to 60 days C from 61 to 90 days D from 91 to 120 days E from 121 to 150 days F from 151 to 180 days G more than 180 days H

The restatement of credit operations due up to the 59th day is booked in revenue from credit operations and, as from the 60th day, in unearned income, and will only be appropriated to the income when it is actually received. Renegotiated operations are maintained at least at the same level as they were classified. Renegotiations of credit operations that had been written off against the provision and which were in the clearing accounts are classified as “H” level, and any gains from the renegotiation are only recognized as income when actually received. Overdue operations classified as “H” level remain in this rating for six months, when they are then written off against the existing provision and controlled in a clearing account for at least five years. For transactions with a maturity of more than 36 months, the double counting of the periods of delay described above is allowed. The provision for doubtful accounts is calculated in an amount sufficient to cover likely losses in compliance with the rules and instructions issued by BACEN, in connection with evaluations carried out by Management, in determining credit risks.

j. Other values and assets They comprise mainly assets not allocated for own use and pre-paid expenses. Assets not allocated for own use corresponding to available-for-sale real estate are classified as assets received as payment in kind and are recorded at the book value of the loan or financing. The pre-paid expenses correspond to investments of resources which benefits will occur in future years. The appropriation of prepaid expenses with the commission on correspondent credit operations is carried out in accordance with the provisions of CMN Resolution no. 3,954/1989 and its amendments.

k. Permanent Asset

(i) Investments When there is control or significant influence in the management, the investments are evaluated by the equity method. In the absence of significant control or influence, investments are recorded at acquisition cost.

(ii) Property, plant, and equipment for own use It corresponds to rights that have as object physical goods intended for the maintenance of activities or exercised for that purpose, including those arising from operations that transfer risks, benefits, and control of assets to the entity. Items of property, plant, and equipment are measured at the historical cost of acquisition or construction, upon deducting accumulated depreciation and any accumulated impairment losses, when applicable. Depreciation is calculated using the straight-line method, using the following annual rates: furniture and equipment for own use and communication system, 10%, and data processing system, 20%.

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l. Impairment of assets

Financial and non-financial assets are evaluated in order to verify if there is objective evidence that a loss has occurred in their book value. Objective evidence that financial assets will lose value may include non-payment or late payment by the debtor, indications of bankruptcy proceedings, or even a significant or prolonged decline in the value of the asset. An impairment loss on a financial or non-financial asset is recognized in the financial statements for the period if the book value of the asset or cash-generating unit exceeds its recoverable value. On annual basis, always on the same period, the Bank evaluates if there is evidence of asset devaluation. If there is evidence of loss, the recoverable value of the asset is estimated and compared to the book value. The recoverable value refers to the higher figure between fair value less selling costs and its value in use.

m. Contingent assets and liabilities The recognition, measurement and disclosure of contingent assets and liabilities and legal obligations are made in compliance with CMN Resolution no. 3,823/2009, according to criteria, namely: Contingent assets: are not recognized, except when there is sufficient evidence to ensure a high level of reliability of realization, usually represented by the unappealable decision of the lawsuit and by the confirmation of the capacity of its recovery by receipt or compensation with other eligible liability. Contingent liabilities (when applicable): These arise basically from legal and administrative proceedings, inherent in the normal course of business, filed by third parties, former employees and public bodies, in civil, labor, tax proceedings and other risks. These contingencies are evaluated by legal advisors and take into account the likelihood that financial resources will be required to settle the obligations and that the amount of the obligations can be estimated with sufficient assurance. Contingencies are classified as (a) likely, for which provisions are built; (b) possible, which are only disclosed but are not provisioned; and (c) remote, which do not require provision and disclosure. The amounts of contingencies are quantified using models and criteria that allow them to be properly measured, despite the uncertainty inherent in relation to the term and value. With regard to the measurement bases of provisions, the entity shall seek, according to CPC 25, the best estimate of the disbursement required to settle the obligation present on the balance sheet date, considering the risks and uncertainties involved: - When relevant, the financial effect produced by the discount to present value of the future cash flows required to settle the obligation; and - Future events that may change the amount required to settle the obligation. The provision for civil, tax and labor risks is recorded in the financial statements when based on the opinion of legal advisors and the risk of loss of a judicial or administrative actions considered likely, with a probable outflow of funds for the settlement of obligations and the amounts involved are measurable with sufficient assurance, being quantified by the time of judicial service/subpoena and reviewed monthly, as follows:

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- Massive method: processes related to causes considered similar and usual, whose value is not considered relevant, according to the statistical parameter. Civil provisions are made based on the average historical ticket of the convictions in the last 24 months. We consider as the basis of calculation the actions judged, and the historical value of the convictions. Thus, we forecast the average ticket for all proceedings in progress, for which we consider the possibility of an outflow of resources, assuming a reliable estimate. The labor provision is made based on the settlement of the claims deemed granted by court order. Legal, tax and social security obligations derive from tax obligations set forth by law, which, irrespective of the likelihood of success of legal proceedings, have their amounts recognized, when applicable, in whole, in the financial statements.

n. Taxes Provisions for Income Tax, Social Contribution, PIS/PASEP, and COFINS, built at the rates listed as follows, have considered the calculation bases established in the legislation in force for each tax: Taxes Rates Income tax 15% Income Tax Additional 10% Social Contribution on Profit - up to August 2015 and after December 31, 2018 15% Social Contribution on Profit - as of September 2015 until December 31, 2018 20% PIS/PASEP 0.65% COFINS 4% ISS Up to 5%

The deferred tax assets (tax credits) and deferred tax liabilities derive from the application of the current tax rates on their respective bases. For the constitution, maintenance and write-off of deferred tax assets, the criteria established by CMN Resolution no. 3,059/2002, amended by CMN Resolutions no. 3,355/2006 and CMN no. 4,192/2013, are complied with. The social contribution on profit was calculated up to August 2015, considering the rate of 15%. For the period from September 2015 to December 2018, the rate was changed to 20%, according to Law no. 13,169/2015, returning to the rate of 15% as from January 2019. Income and social contribution taxes comprise current and deferred income tax and social contribution recognized in income.

(i) Current income tax and social contribution expenses Current tax expense is the tax payable or receivable estimated on the taxable profit or loss for the year and any adjustment to taxes payable in respect of prior years. The amount of current tax payable or receivable is recognized in the balance sheet as a tax asset or liability for the best estimate of the expected value of the taxes payable or receivable that reflects the uncertainties related to its assessment, if any. It is measured based on the tax rates enacted on the balance sheet date. Current tax assets and liabilities are offset only if certain criteria are met.

(ii) Deferred income tax and social contribution expenses Deferred tax assets and liabilities are recognized with respect to temporary differences between the accounting amounts of assets and liabilities for the purpose of financial statements and those used for tax purposes. Changes in deferred tax assets and liabilities for the year are recognized as deferred income tax and social contribution expense. Deferred tax is not recognized for: - Temporary differences not affecting the taxable profit or loss or the accounting result.

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- Temporary differences related to investments in subsidiaries, associates and joint ventures, to the extent that the Bank is able to control the timing of reversal of the temporary difference and it is likely that the temporary difference will not be reversed in the foreseeable future. - A deferred tax asset is recognized in respect to tax losses and unused deductible temporary differences to the extent that it is likely that future taxable income will be available against which it will be used. Deferred tax assets are reviewed at each balance sheet date and are reduced to the extent that their realization is no longer likely. Deferred tax assets and liabilities are measured based on the rates expected to be applied to temporary differences when they are reversed, based on the rates enacted up to the balance sheet date. The measurement of deferred tax assets and liabilities reflects the tax consequences arising from the manner in which the Bank expects to recover or settle its assets and liabilities. Deferred tax assets and liabilities are only offset if certain criteria are met.

o. Other assets and liabilities Other current and noncurrent liabilities are reported at known or estimated amounts, added with, when applicable, the corresponding charges, adjusted to their present value. The vacations, due and proportional, the allowances and clearances are fully provisioned on a monthly basis, including the applicable charges.

p. Subsequent events Event subsequent to the year to which the financial statements refer is that event, favorable or unfavorable, occurring between the closing date of the period to which the financial statements refer and the date on which the issuance of these statements is authorized. Two types of events can be identified: Those evidencing conditions already existing at the closing date of the period to which the financial statements refer (event subsequent to the accounting period to which the statements giving rise to adjustments refer). Those indicating conditions already existing at the closing date of the period to which the financial statements refer (event subsequent to the accounting period to which the statements giving rise to adjustments refer).

q. Value-Added Statement (DVA). Banco Inter S.A. has voluntarily prepared the individual value-added statement (DVA) in compliance with provisions included in Technical Pronouncement CPC 09 - Added Value Statement, which is presented as an integral part of the financial statements.

r. Profit per share The Bank’s profits per share are calculated by dividing net profit attributable to shareholders by the number of total common and preferred shares.

s. Share-based payment The fair value on the date of granting the share-based payment agreements granted to employees is recognized as expenses, with a corresponding increase in shareholders’ equity, during the period in which employees unconditionally acquire the right to the premiums.

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4 Cash and cash equivalents

(*) Refer to transactions whose maturity, on the effective date, was equal to or less than 90 days and present a negligible risk of a change in fair value.

5 Interbank Investments Interbank liquidity investments comprise the following items:

The maturity of the papers is shown below:

3/31/2019 12/31/2018 3/31/2019 12/31/2018Cash Equivalents 14,548 10,478 14,585 10,479 Short-Term Interbank Investments* see Note 5 1,513,453 1,535,587 1,513,453 1,535,587

Total cash and cash equivalents 1,528,001 1,546,065 1,528,038 1,546,066

Parent Company Consolidated

3/31/2019 12/31/2018

Investments in repurchase 1,513,453 1,535,587 Financial Treasury Letters (LFT) 133,157 140,294 National Treasury Letters (LTN) 550,165 108,000 National Treasury Security (NTN) 830,131 1,287,293

Investments in Interfinancial 142,618 150,300 CDI - ABC do Brasil 15,031 14,791 CDI - Banco BS2 S.A. 5,071 5,361CDI - Banco Itaú S.A. 37,367 28,310CDI - Banco Safra S.A. 20,215 20,524 CDI - Banco BTG Pactual S.A. 60,896 60,652 CDI Rural - Banco Safra S.A. 4,036 20,662Total 1,656,071 1,685,887

Current 1,645,899 1,671,274Non-current 10,172 14,613

Parent Company and Consolidated

Up to 3 From 3 to 12 From 1 to 3Securities months months years TotalInvestments in CDI 43,731 88,715 10,172 142,618 Financial Treasury Letters (LFT) 133,157 - - 133,157 National Treasury Letters (LTN) 550,165 - - 550,165 National Treasury Security (NTN) 830,131 - - 830,131 Total 1,557,184 88,715 10,172 1,656,071

Parent Company and Consolidated3/31/2019

50

On March 31, 2019, the balances of banked securities and the amount of interbank deposits with maturities of 90 days or less from the date of the investment, without expectation of significant change in value and redeemable at any time were considered as cash equivalent, which amounted to BRL 1,513,453 (2018: BRL 1,535,587). The balances of securities in funded position refer to investments with maturities of 24 months or less from the date of investment, without expectation of a significant change in value and redeemable at any time. The income arising from interbank liquidity investments was as follows:

6 Securities and derivative financial instruments These are represented, mainly, by Federal Public Bonds (LFTs), Certificates of Real Estate Receivables and by the adjusted amounts of investment fund quotas.

Up to 3 From 3 to 12 From 1 to 3Securities months months years TotalInvestments in CDI 88,582 47,105 14,613 150,300 Financial Treasury Letters (LFT) 140,294 - - 140,294 National Treasury Letters (LTN) 108,000 - - 108,000 National Treasury Security (NTN) 1,287,293 - - 1,287,293 Total 1,624,169 47,105 14,613 1,685,887

Parent Company and Consolidated12/31/2018

3/31/2019 12/31/2018

Banked Securities 22,990 6,166 On Credit Position 999 83 Interfinancial Deposits 2,201 1,709 Total 26,190 7,958

Parent Company and

51

On March 31, 2019, Banco Inter had no obligations with derivative financial instruments (2018: BRL (996)). Securities can be presented as follows: Classification by type of securities and maturity

3/31/2019 12/31/2018 3/31/2019 12/31/2018 Own portfolio 341,034 297,793 347,939 303,415

Federal Securities 201,760 199,439 203,807 200,772 Financial Treasury Letters (LFT) - TVM 201,760 199,439 203,807 200,772

Private Securities 139,274 98,354 144,132 102,643 Certificates of real estate receivables 74,914 35,065 76,229 37,241 Certificates of agricultural receivables - - 826 19 Real Estate Credit Letter - - 43 - Debentures - - 2,646 2,071 Quotas of investment funds 64,360 63,289 64,388 63,312

Linked to the provision of guarantees 11,148 10,981 11,148 10,981

Federal SecuritiesFinancial Treasury Letters (LFT) - Guarantee 11,148 10,981 11,148 10,981

Total 352,182 308,774 359,087 314,396 Current 78,726 63,290 78,751 63,310Non-current 273,456 245,484 280,336 251,086

Parent Company Consolidated

Amount of Cost of EarningsFrom 3 to 12 From 1 to 3 From 3 to 5 Above Market/ acquisition (losses) does not

months years years 5 years accounting updated performedAvailable for sale Financial Treasury Letters (LFT) - 83,694 129,214 - 212,908 213,018 (110) Certificates of real estate receivables 14,365 3,228 15,472 41,848 74,913 74,924 (11) Quotas of investment funds 64,361 - - - 64,361 64,361 - Total 78,726 86,922 144,686 41,848 352,182 352,303 (121)

Total current 78,726 Total non-current 273,456

Parent Company3/31/2019

Amount of Cost of EarningsUp to 3 From 1 to 3 From 3 to 5 Market/ acquisition (losses) does notmonths years years accounting updated performed

Available for sale Financial Treasury Letters (LFT) - 82,445 127,975 210,420 210,483 (63) Certificates of real estate receivables - - 35,064 35,064 35,064 - Quotas of investment funds 63,290 - - 63,290 63,290 - Total 63,290 82,445 163,039 308,774 308,837 (63)

Total current 63,290 Total non-current 245,484

Parent Company12/31/2018

52

The income from securities was:

Such income is booked under “Income from securities and derivative financial instruments”.

Amount of Cost of EarningsUp to 3 From 1 to 3 From 3 to 5 Above Market/ acquisition (losses) does notmonths years years 5 years accounting updated performed

Available for sale 78,726 86,922 144,686 41,848 352,182 352,303 (121) Financial Treasury Letters (LFT) - 83,694 129,214 - 212,908 213,018 (110) Real Estate Credit Letter 14,365 3,228 15,472 41,848 74,913 74,924 (11) Quotas of investment funds 64,361 - - - 64,361 64,361 -

Available for trade 25 24 1,975 4,881 6,905 6,554 351 Financial Treasury Letters (LFT) - - - 2,046 2,046 2,046 -

Real Estate Credit Letter - - 43 - 43 43 - Certificates of real estate receivables - 20 1,106 189 1,315 1,622 (307) Certificates of agricultural receivables - - 826 - 826 210 616 Certificates of bank deposit - 4 - - 4 4 - Debentures - - - 2,646 2,646 2,604 42 Quotas of investment funds 25 - - - 25 25 - Total 78,751 86,946 146,661 46,729 359,087 358,857 230

Total current 78,751 Total non-current 280,336

Consolidated3/31/2019

Amount of Cost of EarningsUp to 3 From 1 to 3 From 3 to 5 Above 5 Market/ acquisition (losses) does notmonths years years years accounting updated performed

Available for sale Financial Treasury Letters (LFT) - 82,445 127,975 1,334 211,754 210,483 1,271 Certificates of real estate receivables - 6 37,235 - 37,241 37,241 - Certificates of agricultural receivables - - 20 - 20 20 - Debentures - - 380 1,691 2,071 2,071 - Quotas of investment funds 63,310 - - - 63,310 63,310 - Total 63,310 82,451 165,610 3,025 314,396 313,125 1,271

Total current 63,310 Total non-current 251,086

Consolidated12/31/2018

3/31/2019 3/31/2018

Income from fixed income securities 5.466 4.385 Income from investments in investment funds 1.119 724 Income from securities 6.585 5.109

Derivative transactions 342 - Total 6.927 5.109

Parent Company

3/31/2019 3/31/2018

Income from fixed income securities 5.696 4.464 Income from investments in investment funds 1.119 724 Income from securities 6.815 5.188

Derivative transactions 342 - Total 7.157 5.188

Consolidated

53

On March 31, 2019, Banco Inter recorded a hedging operation expense in the amount of BRL 342 (March 31, 2018: expense in the amount of BRL (4,068)).

a. Financial instruments and derivatives Securities classified in the available-for-sale category, as well as derivative financial instruments, are shown in the balance sheet at their estimated fair value. Fair value is generally based on market price quotations or market price quotations for assets or liabilities with similar characteristics. If such market prices are not available, fair values are based on forecasts made by market operators, pricing models, discounted cash flow or similar techniques for which the fair value determination may require Management’s judgment or significant forecast. The Bank has part of its real estate credit portfolio indexed to the General Price Index (IGP-M) of the Getúlio Vargas Foundation and the majority of its LCI funding is indexed to the Interbank Deposit (DI) rate. In order to seek protection of the institution’s revenue in relation to IGP-M fluctuations, management chose to carry out swap operations whose ends are inverted in relation to the portion of its active and passive portfolios. Transactions with derivatives were agreed upon in which the Bank shall pay IGP-M plus coupon variation and receive a certain percentage of the DI variation on a given date. These operations were carried out via B3 and feature guarantee margin and control by this Stock Exchange. On December 31, 2018, Banco Inter had one active swap agreement, with Notional of fifty million Brazilian Reais (BRL 50,000), registered at B3 under number 60421339, maturing on January 2, 2019 and has guarantee margin deposit whose amount may be adjusted at any time. The swap transaction is the exchange of risks between two parties, consisting of an agreement for two parties to exchange the risk of an active (creditor) or passive (debtor) position, on a certain date, with previously agreed conditions. As of March 31, 2019 the Bank does not have derivative financial instruments contracted. The derivative instrument was used for the purpose of protecting risks related to the mismatch of indexes between the asset and liability portfolios, specifically between interest rates and price index variations, and are recognized at fair value in the result of the fiscal year. The fair value is that which, according to market conditions, would be received by the assets and paid in the settlement of the liabilities, being calculated based on the rates practiced in stock exchange markets. Banco Inter’s swap operations are classified as Hedge Accounting (“Fair Value Hedge”), as a safeguard for the exposure to changes in the fair value of a recognized asset, or of an identified portion of such asset attributable to a particular risk that may affect the result. The hedging instrument (swap) was used for the purpose of protecting risks related to the mismatch of indexes between the asset and liability portfolios, specifically between interest rates and price index variations, and are recognized at fair value in the result of the half-year period. The fair value is that which, according to market conditions, would be received by the assets and paid in the settlement of the liabilities, being calculated based on the rates practiced in stock exchange markets. The agreements of the real estate credit portfolio are the objects of hedge operations, protected by the above-detailed instruments for which the spread are discounted, hedging only the specific risk of the portfolio, are the purpose of hedge operations.

54

(i) Value of derivative financial instruments recorded in equity and compensation accounts Parent Company and Consolidated

12/31/2018

Reference Value

Cost Value

Hedge MTM Adjustment Market Value

Differential Amount (payable) to receive

Bank Counterpart Bank Counterpart CDI x IGP-M 60421339 50,000 63,941 65,647 710 63,941 64,937 (996)

Total 50,000 63,941 65,647 710 63,941 64,937 (996)

This transaction was settled on January 2, 2019. As of March 31, 2019, the Bank and its subsidiaries had no derivative financial instruments contracted.

7 Interbank Relations Interbank relations consist mainly of credits linked to deposits made at the Central Bank of Brazil destined to meet deposit liabilities and payments and receivables to be settled, represented by electronic currencies and other securities forwarded to the clearing service (asset and liability position) and are as follows:

8 Credit operations and provision for losses on credit operations The Central Bank of Brazil, through CMN Resolution No. 2,682/1999, introduced criteria for the classification of credit rights arising from credit operations, defining rules that came into effect as from March 2000, for the constitution of a provision for doubtful accounts and for the disclosure of data relating to the portfolio, namely:

3/31/2019 12/31/2018ASSETSOther Settlement Systems 47,926 - Deposits Central Bank - Electronic Currency - 49,528 Deposits Central Bank - Others 30,828 22,090 Deposits Central Bank - Compulsory Reserves 67,091 18,500 Total 145,845 90,118

LIABILITIESAmounts payable to Financial Institutions (319,916) (265,081) Other Settlement Systems (12,230) - Total (332,146) (265,081)

Parent Company and Consolidated

55

a. Composition of the portfolio, by type of customer and economic activity

b. Maturity and allocation of credits

Credit Operations 3/31/2019 % carteira 12/31/2018 % carteira

Legal entity 187,708 5.30% 177,923 5.32%Corporate loans with real estate guarantee 414,389 11.69% 360,526 10.77%Real estate financing 1,116,709 31.50% 1,071,725 32.02%Individual loans with real estate guarantee 527,944 14.89% 514,970 15.39%Individual 932,443 26.30% 874,375 26.12%Adjustment of hedged loan operations - 0.00% (709) -0.02%Subtotal of credit operations 3,179,193 2,998,810

Total current 853,787 824,158

Total non-current assets 2,325,406 2,174,652

Other creditsOther credits with credit granting characteristics 58,401 83,687 Amounts receivable in relation to transactions of payments 307,342 264,549 Other credits with credit granting characteristics 365,743 348,236

Total other receivables (current - Note 9) 359,063 10.13% 340,833 10.18%Total other receivables (non-current - note 9) 6,680 0.19% 7,403 0.22%Subtotal of credit operations and other credits with credit granting characteristics 365,743 348,236

3,544,936 100.00% 3,347,046 100.00%

(-) Provision for doubtful accounts (current) (42,500) (36,130) (-) Provision for doubtful accounts (non-current) (50,151) (51,168)

Total (-) Provision for doubtful accounts (92,651) (87,298)

(-) Provision for losses on other receivables with credit granting characteristics (current) (Note 9) (3,613) (2,508) (-) Provision for losses on other receivables with credit granting characteristics (non-current) (Note 9) - (64)

Total (-) Provisions for losses on other credits (3,613) (2,572)

Total (-) Provisions for doubtful accounts (96,264) (89,870)

Total 3,448,672 3,257,176

Installmentsdue

as of To From 91 to AboveCredits 15 days 90 days 360 days 360 days TotalPrivate sectorLegal entity 7,719 57,454 59,469 63,066 187,708 Legal entities Loan - Real estate guarantee 3,232 24,947 69,938 316,272 414,389 Real estate financing 10,887 34,353 84,623 986,846 1,116,709 Individual Loan - Real estate guarantee 8,181 19,216 45,970 454,577 527,944 Individuals 72,954 174,406 180,438 504,645 932,443 Total of credit operation 102,973 310,376 440,438 2,325,406 3,179,193

Other credits with credit operating characteristicOther credits with credit granting characteristics 1,270 48,072 2,384 6,680 58,406 Credit card - purchase on demand and on instalment to merchant - 307,337 - - 307,337

Total other credits with credit operating characteristic 1,270 355,409 2,384 6,680 365,743

Total of credit operation 104,243 665,785 442,822 2,332,086 3,544,936

3/31/2019

Maturing installments

56

c. Composition of the portfolio by risk level (rating) and economic activity

c.1 Composition of Allowance for Doubtful Accounts by economic activity

Installmentsdue

as of To From 91 to AboveCredits 15 days 90 days 360 days 360 days TotalPrivate sectorLegal entity 4,814 83,945 51,002 38,162 177,923 Legal entities Loan - Real estate guarantee 3,448 21,368 58,899 276,811 360,526 Real estate financing 12,435 32,620 81,591 945,079 1,071,725 Individual Loan - Real estate guarantee 8,902 18,075 45,687 442,306 514,970 Individuals 56,006 170,454 175,621 472,294 874,375 Adjustment of hedged loan operations - (709) - - (709) Total of credit operation 85,605 325,753 412,800 2,174,652 2,998,810

Total other credits with credit operating characteristicOther credits with credit granting characteristics 6,795 67,121 2,368 7,403 83,687 Credit card - purchase on demand and on instalment to merchant - 264,549 - - 264,549

Total other credits with credit operating characteristic 6,795 331,670 2,368 7,403 348,236

Total of credit operation 92,400 657,423 415,168 2,182,055 3,347,046

12/31/2018

Maturing installments

Amount of Provision Amount of Provision

portfolio portfolio

AA - 510,842 - 432,268 -A 0.50% 2,558,087 (12,790) 2,472,641 (12,363) B 1.00% 231,513 (2,315) 191,106 (1,911) C 3.00% 86,699 (2,601) 112,853 (3,386) D 10.00% 48,427 (4,843) 42,999 (4,300) E 30.00% 27,737 (8,321) 24,987 (7,496) F 50.00% 23,032 (11,516) 11,882 (5,941) G 70.00% 14,871 (10,410) 12,792 (8,955) H 100.00% 43,728 (43,467) 45,518 (45,518) Total 3,544,936 (96,264) 3,347,046 (89,870)

3/31/2019 12/31/2018

Minimum percentage of provision

3/31/2019 12/31/2018

Legal entity (4,206) (1,841) Corporate loans with real estate guarantee (4,996) (7,975) Real estate financing (22,125) (23,156) Individual loans with real estate guarantee (12,561) (13,752) Individual (48,761) (40,573) Other Credits (3,615) (2,573)

Total

Parent Company and Consolidated

(96,264) (89,870)

57

Credit operations consist essentially of active working capital operations, guaranteed by receivables, and by personal credit operations, backed by check guarantees or payroll and real estate credits. During the period ended March 31, 2019, the total amount of credits recovered was BRL 6,313 (March 31, 2018: BRL 4,637), the amount of renegotiated credits was BRL 12,424 (March 31, 2017: BRL 542) and credits written off as loss was BRL 13,827 (March 31, 2018: BRL 16,416).

d. Transactions in Allowance for Doubtful Accounts

e. Allowance for doubtful accounts

f. Income from credit operations

3/31/2019 12/31/2018

Initial Balance (89,870) (85,212)Provision made (32,726) (70,370)Reversal of provision 10,420 12,763 Withdrawals for loss 15,912 52,949 Final Balance (96,264) (89,870)

(-) Allowance for doubtful accounts (Note 8a) (92,651) (87,298)

(-) Provision for losses on other receivables with credit granting characteristics (Note 9)

(3,613) (2,572)

Parent Company and Consolidated

31/03/2019 31/03/2018

Provision made (32,726) (21,831)Reversal of provision 10,420 5,751

PCLD expenses net of recoveries (22,306) (16,080)

Parent Company and Consolidated

3/31/2019 12/31/2018

Income Legal entity 24,734 18,436 Real estate financing 30,496 34,855 Real Estate Loans 24,168 23,430 Income Individual 56,481 47,399

Gross income from credit operations 135,879 124,120

Recovery of withdrew credits 6,313 4,637 (-) Expenses for commissions paid (3,761) (5,868) Total 138,431 122,889

Parent Company and Consolidated

58

9 Other credits These comprise balances of various debtors, as well as tax credits on temporary differences.

(a) It refers to the prepayment of credit operations in the amount of BRL 34,284 (2018: BRL 53,734), repurchase of credit operations in the amount of BRL 2,440 (2018: BRL 3,629), other amounts BRL 13,204 (2018: BRL 9,059) and miscellaneous debtors – country in the amount of BRL 23,862 (2018: BRL 0).

(b) It refers to agreements with personal credit operations, real estate and legal entities, as well as credit card operations to be received.

(c) The balances of escrow deposits relate to judicial deposits corresponding to: i) judicial challenge to the extinction of the monetary restatement of the balance sheet, in accordance with Law 9,249/1995, resulting from the full (deduction) recovery of the debt balance of monetary restatement in 1996 fiscal year in the assessment of IRPJ and CSLL in the amount of BRL 919 (2018: BRL 905); and ii) amounts blocked by the judicial system of the Central Bank (BACEN JUD) in current accounts maintained in Financial Institutions of BRL 145 (2018: BRL 125).

(d) The tax credits arising from temporary differences related to provisions on credit operations. All such credits are payable up to 2020.

In addition, the credits related to temporary differences arising from civil and labor provisions on operations scheduled for 2018 are recognized. The present value of tax credits, calculated based on the average rate of Interbank Deposit Certificates estimated for corresponding periods (CDI of 6.48% p.a.), includes a BRL 1,774 deduction thus assessing the amount to be made of BRL 43,705 as of March 31, 2019.

3/31/2019 12/31/2018 3/31/2019 12/31/2018Foreign Exchange Portfolio 697 15 697 15

Advance to third parties 1,200 934 3,562 3,722

Income tax to be offset 2,210 2,232 2,210 2,781

Outstanding Settlements 2,051 2,020 2,051 2,020

Other receivables 571 - 2,279 1,250

Other debtors (a) 73,792 66,418 74,852 72,255

Tax credits (d) 36,089 36,080 36,404 36,421

Checks receivable 734 734 734 734

Bonuses receivable 3,152 10,508 3,152 10,508

Amounts receivable relating to payment transactions (Note 8)

(b)307,342 264,549 307,342 264,549

Other credits with credit granting characteristics (Note 8) (b) 51,721 76,284 51,721 76,284

(-) Provision for other credits (Note 8) (3,613) (2,508) (3,613) (2,508)

Total current 475,946 457,266 481,391 468,031

Tax credits (d) 9,390 1,124 9,390 1,124

Security Deposit (c) 1,064 1,030 1,064 1,030

Other credits with credit granting characteristics (Note 8) (b) 6,680 7,403 6,680 7,403

(-) Provision for other credits (Note 8) - (64) - (64)

Total non-current 17,134 9,493 17,134 9,493

493,080 466,759 498,525 477,524

Parent Company Consolidated

59

Deferral Basis Items

Temporary differences: Provision for doubtful accounts 76,904 76,904 30,761 Provision under tax and civil lawsuits 14,363 14,363 5,745 Provision under labor lawsuits 3,934 3,934 1,574 Tax loss 16,703 16,703 6,681 Miscellaneous temporary differences 1,794 1,794 718

Calculation basis 113,698 113,698 45,479 Rate 25% 15% Current Deferred Tax Credit 28,425 17,054 45,479

Tax credits on December 31, 2018 92,975 92,975 37,190 Constitution of the period 27,937 27,937 11,175 Realization of the period (7,214) (7,214) (2,886)

Tax balances on March 31, 2019 113,698 113,698 45,479

Current 36,089 Non-current 9,390

Parent Company3/31/2019

Income tax - Legal Entity

Social Contribution on

Balance of tax credits

Income tax - Legal Entity

Social Contribution on

profit

Balance of tax credits

Deferral Basis Items

Temporary differences: Provision for doubtful accounts 68,994 68,994 27,597 Provision under tax and civil lawsuits 14,233 14,233 5,693 Provision under labor lawsuits 3,947 3,947 1,579 Provision for devaluation of assets 276 276 124 Miscellaneous temporary differences 2,268 2,268 907 Hedge operations 3,257 3,257 1,303

Calculation basis 92,975 92,975 37,203 Rate 25% 15% Current Deferred Tax Credit 23,244 13,959 37,203

Tax credits on December 31, 2017 76,763 76,763 34,543 Constitution of the period 87,803 87,803 39,511 Realization of the period (71,591) (71,591) (32,216) CSLL rate reduction effects - - (4,634)

Tax credits on December 31, 2018 92,975 92,975 37,204

Current 36,080 Non-current 1,124

Parent Company12/31/2018

60

The expected realization of the tax credits constituted is supported by a study of realization of the tax credit, prepared as shown below:

Deferral Basis Items

Temporary differences: Provision for doubtful liquidation credits 76,904 76,904 30,761 Provision under tax and civil lawsuits 14,363 14,363 5,745 Provision under labor lawsuits 3,934 3,934 1,574 Tax loss 17,514 17,514 6,996 Miscellaneous temporary differences 1,794 1,794 718

Calculation basis 114,509 114,509 45,794 Rate 25% 15% Current Deferred Tax Credit 28,627 17,175 45,802

Tax credits on December 31, 2018 93,827 92,975 37,531 Constitution of the period 28,038 28,038 11,215 Realization of the period (7,355) (7,355) (2,952)

Tax balances on March 31, 2019 114,510 113,658 45,794

Current 36,404 Non-current 9,390

Consolidated3/31/2019

Income tax - Legal Entity

Social Contribution on

Balance of tax credits

Income tax - Legal Entity

Social Contribution on

profit

Balance of tax credits

Deferral Basis Items

Temporary differences: Provision for doubtful accounts 68,994 68,994 27,598 Provision under tax and civil lawsuits 14,233 14,233 5,693 Provision under labor lawsuits 3,947 3,947 1,579 Provision for devaluation of assets 276 276 124 Miscellaneous temporary differences 2,268 2,268 907 Hedge operations 3,257 3,257 1,303 Tax loss 852 852 341

Calculation basis 93,827 93,827 37,545 Rate 25% 20% Current Deferred Tax Credit 23,457 18,765 42,222

Tax credits on December 31, 2017 77,869 77,869 35,041 Constitution of the period 88,048 88,048 39,622 Realization of the period (72,090) (72,090) (32,441) CSLL rate reduction effects - - (4,677)

Tax credits on December 31, 2018 93,827 93,827 37,545

Current 36,421 Non-current 1,124

Consolidated12/31/2018

61

Term Credit Basis

Current value

Base value

Current value

Base value

Current value

2019 90,223 87,349 22,556 21,837 13,533 13,1022020 23,475 21,915 5,869 5,479 3,521 3,287

Total current 90,223 87,349 22,556 21,837 13,533 13,102

Total non-current assets 23,475 21,915 5,869 5,479 3,521 3,287

Overall 113,698 109,264 28,425 27,316 17,054 16,389

Parent Company3/31/2019

Deferred credits base Income Tax CSLL

Term Credit Basis

Current value

Base value

Current value

Base value

Current value

2019 90,200 85,586 22,559 21,405 13,535 12,8432020 2,775 2,588 694 647 416 388

Total current 90,200 85,586 22,559 21,405 13,535 12,843

Total non-current assets 2,775 2,588 694 647 416 388

Overall 92,975 88,174 23,253 22,052 13,951 13,231

12/31/2018Deferred credits base Income Tax CSLL

Parent Company

Term Credit Basis

Current value

Base value

Current value

Base value

Current value

2019 90,223 87,385 22,556 21,846 13,533 13,1072020 24,287 2,588 6,067 646 3,638 388

Total current 90,223 87,385 22,556 21,846 13,533 13,107

Total non-current assets 24,287 2,588 6,067 646 3,638 388

Overall 114,510 89,973 28,623 22,490 17,171 13,492

Consolidated3/31/2019

Deferred credits base Income Tax CSLL

62

The expected realization of the tax credits constituted is supported by a study of the realization of the tax credit prepared for the fiscal year of 2018.

10 Other values and assets

(a) Assets not allocated for own use refer to real estate received as payment of loans and consolidations. The provision for devaluation of these properties is constituted based on an estimate made by Management.

(b) The expenses with commissions paid to the correspondents until December 2014 are being deferred according to the term of receipt of the agreements signed with the respective clients, which are classified until the future realization of the income pertinent to said agreements when they will be appropriated to the result. Commissions paid as of 2015 are appropriated to income in accordance with the provisions of CMN Resolution 4,294/2013.

11 Investments The investments are adjusted using the equity income method and at cost, as shown below:

In January 2019, Inter Asset, an investment funds management company, was set up and acquired by the Bank.

Term Credit Basis

Current value

Base value

Current value

Base value

Current value

2019 91,051 87,385 22,772 21,855 13,663 13,1132020 2,776 2,588 694 647 416 388

Total current 91,051 87,385 22,772 21,855 13,663 13,113

Total non-current assets 2,776 2,588 694 647 416 388

Overall 93,827 89,973 23,466 22,502 14,079 13,501

Deferred credits base Income Tax CSLL

Consolidated12/31/2018

Goods not of own use (a)3/31/2019 12/31/2018 3/31/2019 12/31/2018

Goods not of own use 98,755 88,637 98,755 88,636 Material inventory 1,656 1,572 1,656 1,572 Provision for devaluation - (277) - (277)

100,411 89,932 100,411 89,931 Anticipated expenses (b)Corresponding anticipated expenses 6,704 9,021 6,703 9,021 Discount on placement of securities 467 648 467 648 Other advanced expenses 20,827 10,443 20,836 10,469

27,998 20,112 28,006 20,138

Total 128,409 110,044 128,417 110,069

Current 115,293 97,205 115,301 97,230Non-current 13,116 12,839 13,116 12,839

Parent Company Consolidated

Subsidiaries NoteCorporate

CapitalShareholders'

EquityShareholding 3/31/2019 12/31/2018 3/31/2019 3/31/2018

Inter Digital Corretora e Consultoria de Seguros Ltda.

(a) 100 6,757 99.99% 6,757 4,098 2,658 212

Inter DTVM Ltda (a) 12,000 13,037 98.00% 12,776 12,367 410 1,895 Inter Asset (a) 5,000 4,984 99.99% 4,985 - (15) - Total 24,518 16,465 3,053 2,107

Other Investments (b) 1,105 1,105 - - Overall Investment 25,623 17,570 3,053 2,107

Equity IncomeAccounting value

63

a. Investments valued through equity income method

The adjustments arising from the equity income method of investments were recorded in the income statement under the item “Result from in interest in subsidiaries”.

b. Other Investments In the fiscal year of 2016, the Bank acquired five (5) quotas of the Interbank Payments Chamber and the total price of this acquisition was BRL 1,105. Such investment is valued at cost.

12 Deposits and funds from acceptance and issuance of securities

a. Deposits

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Demand deposits 847,657 - - - 847,657 Savings Deposits 115,158 - - - 115,158 Term Deposits 31,343 235,167 172,655 1,154,432 1,593,597 Overall 994,158 235,167 172,655 1,154,432 2,556,412 Total current 1,401,980 Total non-current assets 1,154,432

Parent Company3/31/2019

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Demand deposits 619,655 - - - 619,655 Savings Deposits 73,778 - - - 73,778 Term Deposits 25,578 223,838 211,066 1,182,350 1,642,832 Other deposits 58,170 - - - 58,170 Overall 777,181 223,838 211,066 1,182,350 2,394,435 Total current 1,212,085 Total non-current assets 1,182,350

Parent Company12/31/2018

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Demand deposits 843,104 - - - 843,104 Savings Deposits 115,158 - - - 115,158 Term Deposits 31,343 235,167 172,655 1,144,843 1,584,008 Overall 989,605 235,167 172,655 1,144,843 2,542,270 Total current 1,397,427 Total non-current assets 1,144,843

Consolidated3/31/2019

64

b. Funds from acceptances and issuance of securities

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Demand deposits 618,288 - - - 618,288 Savings Deposits 73,778 - - - 73,778 Term Deposits 25,578 223,838 211,066 1,179,800 1,640,282 Other deposits 58,170 - - - 58,170 Overall 775,814 223,838 211,066 1,179,800 2,390,518 Total current 1,210,718 Total non-current assets 1,179,800

Consolidated12/31/2018

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Real Estate Credit Letters 158,367 665,922 378,322 559,519 1,762,130 Financial letters 1,390 517 - 10,683 12,590 Guaranteed real estate letters - - - 12,183 12,183 Overall 159,757 666,439 378,322 582,385 1,786,903Total current 1,204,518Total non-current assets 582,385

Parent Company3/31/2019

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Real Estate Credit Letters 118,657 715,198 341,694 543,880 1,719,429 Agricultural credit letters - 20,115 - - 20,115 Financial letters - 1,876 - 10,513 12,389 Guaranteed real estate letters - - - 12,003 12,003 Overall 118,657 737,189 341,694 566,396 1,763,936Total current 1,197,540Total non-current assets 566,396

Parent Company12/31/2018

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Real Estate Credit Letters 158,367 665,922 378,322 559,519 1,762,130 Financial letters 1,390 517 - 10,683 12,590 Guaranteed real estate letters - - - 12,183 12,183 Overall 159,757 666,439 378,322 582,385 1,786,903Total current 1,204,518 Total non-current assets 582,385

Consolidated3/31/2019

65

On December 28, 2018, it was issued BRL 12 million in Real Estate Secured Bill (LIG) remunerated in a percentage of 98% of CDI. As of March 31, 2019 this issue is assured by real estate financing for the acquisition of residential real estates in the amount of BRL 19,377 (2018: BRL 20,391), approximately 0.33% of the total assets. As of March 31, 2019 and December 31, 2018, the Bank did not have funding of DPGE. Other time deposits have an average rate of remuneration of 107.6% of CDI (2018: 108.2%).

c. Expenses with market funding

1 to 30 days

31 to 180 days

181 to 360 days

Over 360 days Total

Real Estate Credit Letters 118,657 715,198 341,694 543,880 1,719,429 Agricultural credit letters - 20,115 - - 20,115 Financial letters - 1,876 - 10,513 12,389 Guaranteed real estate letters - - - 12,003 12,003 Overall 118,657 737,189 341,694 566,396 1,763,936Total current 1,197,540 Total non-current assets 566,396

Consolidated12/31/2018

3/31/2019 3/31/2018

Funding ExpensesInterfinancial Deposits - (44) Expense with Savings Deposits (820) - Term Deposits (27,579) (25,302) Guaranteed real estate letters (179) - Real Estate Credit Letters (25,186) (26,653) Agricultural credit letters (114) (306) Total (53,878) (52,305)

Expenses with liabilities for operationsFinancial letters (203) (124) Total (203) (124) Total market funding expenses (54,081) (52,429)

Parent Company

66

13 Obligations by transfer of the country - Official institutions They refer to real estate loan financing operations with Caixa Econômica Federal, with rates ranging from 4.5% to 6% p.a.

3/31/2019 3/31/2018

Funding ExpensesInterfinancial Deposits - (44) Expense with Savings Deposits (820) - Term Deposits (27,463) (25,236) Guaranteed real estate letters (179) - Real Estate Credit Letters (25,186) (26,653) Agricultural credit letters (114) (306) Total (53,762) (52,239)

Expenses with liabilities for operationsFinancial letters (203) (124) Total (203) (124) Total market funding expenses (53,965) (52,363)

Consolidated

31 to 181 to180 days 360 days

Loans and on lending 110 551 661 29,780 31,102 Overall 110 551 661 29,780 31,102

Total current 1,322 Total non-current assets 29,780

3/31/2019

1 to 30 days Over 360 days Total

Parent Company and Consolidated

31 to 181 to180 days 360 days

Loans and on lending 112 558 668 30,648 31,986 Overall 112 558 668 30,648 31,986

Total current 1,338 Total non-current assets 30,648

12/31/2018

1 to 30 days Over 360 days Total

67

14 Other liabilities

(a) These amounts are represented mainly by funds to be released in the amount of BRL 46,993 (2018: BRL 36,354), provision for payment payable in the amount of BRL 16,136 (2018: 9,279), financing to be released in the amount of BRL 3,996 (2018: BRL 5,726), administrative checks in the amount of BRL 5,007 (2018: BRL 5,732), collections to be settled in the amount of BRL 5,262 (2018: BRL 8,176), amounts to be sent (real estate) in the amount of BRL 2,940 (BRL 2018: 8,909), several creditors – abroad in the amount of BRL 4,867 (2018: BRL 3,099), and “Others”, in the amount of BRL 11,190 (2018: BRL 12,813), represented by suppliers, provisions for personnel expenses and provisions for taxes to be collected.

(b) Provision for contingencies related to various civil and labor lawsuits in the amount of BRL 19,382 (2018: BRL 18,170), as disclosed in the Explanatory Note no. 18, comprises the provisioning of the effects of the legal challenge of the extinction of the monetary restatement of balance sheet, in accordance with Law 9,249/1995, resulting from the full use (deduction) of the debt balance of the monetary restatement in 1996 in the calculation of IRPJ and CSLL, in the amount of BRL 919 (2017: BRL 905); which judicial deposit in the same amount is recorded in long-term receivables (Explanatory Note no. 9); and

(c) The balance of creditors for funds to be released is represented by amounts to be released to customers related to real

estate credit operations pending the registration of the property.

15 Transactions with related parties

(a) any individual or legal entity that controls the Institution;

(b) any entity under the control of the institution;

(c) any officer, director, member of the fiscal council;

(d) any immediate family members of key management personnel or companies controlled by them;

Funding through deposits corresponds to post-fixed CDBs, LCIs and LCAs. Transactions with related parties are carried out at conditions and rates compatible with the averages practiced with third parties, when applicable, in force on the dates of operations. The Bank has also operations with real estate rents together with related parties. As of March

3/31/2019 12/31/2018 3/31/2019 12/31/2018Tax due 8,822 9,836 9,280 10,195 Assignments and miscellaneous payments (a) 96,391 90,088 98,078 91,379 Provision for income and social contribution taxes - - 608 817 Provision for dividends (Note 17d) 11,328 8,033 11,328 8,221 Foreign Exchange Operations 1,478 1,695 1,478 1,695 Creditors for resources to be released (c) 57,974 65,436 57,974 65,437 Amounts payable on related companies - - 428 124 Other liabilities 317 94 2,717 6,177 Provision for contingencies (b) 20,301 19,086 20,301 19,086 Total 196,611 194,268 202,192 203,131

Current 176,309 175,328 181,890 184,191 Non-current 20,302 18,940 20,302 18,940

Parent Company Consolidated

12/31/2018 3/31/2018 Average time Average rate Liabilities Expenses Liabilities ExpensesParent Company (a) Funding (deposits and letters) 3 to 36 months 92 to 102% CDI (16,417) (1,179) (135,409) (1,093) Subsidiaries (b) Funding (deposits and letters) 3 to 61 months 90 to 102% CDI (39,215) (468) (28,643) (91) Key Management Personnel (c) Funding (deposits and letters) 12 to 61 months 97 to 104% CDI (10,681) (219) (5,878) (87) Other Related Parties (d) Related individuals and legal entities 3 to 61 months 92 to 110% CDI (65,008) (1,107) (320,800) (4,095)

3/31/2019

68

31, 2019, the expenses with these rents amounted to BRL 797 (March 31, 2018: BRL 859). From January 1, 2019, according to CMN Resolution No. 4,693, the Bank and its subsidiaries may grant loans to its related parties since they fulfill the following limits: • 1% of the shareholders' equity adjusted by the accumulated revenues and expenses for contracting with natural persons; and • 5% of shareholders' equity adjusted by the accumulated revenues and expenses for contracting with a legal entity. The sum of the balances of credit operations contracted, directly or indirectly, with related parties shall not exceed 10% of the value related to stockholders' equity adjusted by the accumulated income and expenses. As of March 31, 2019, the Bank had BRL 28,392 in credit operations with related parties.

a. Bank Management Compensation The compensation of the Bank’s management is fully paid by Banco Inter S.A, without reimbursement. The Bank has a stock option plan for preferred shares for its management. Further information on the plan is detailed in explanatory note no. 25. The compensation of Banco Inter S.A management for the period ended March 31, 2019 was approximately BRL 3,855 (March 31, 2018: BRL 2,127) ad referendum to the Annual Shareholders’ Meeting. As shown in Explanatory Note no. 17 (d), of the income for the period ended March 31, 2019, interest on the stockholders’ equity was proposed in the amount of BRL 12,814 (2018: BRL 6,465).

16 Income tax and social contribution The Bank recorded provisions temporarily non-deductible in the approximate amount of BRL 76,904 (2018: BRL 68,994), on which deferred credits related to income tax and social contribution, in the amount of BRL 30,761 on March 31, 2019 (2018: BRL 27,597). In addition, the Bank maintains calculation bases for tax credits related to: provision for moral damages, in the amount of BRL 14,363 (2018: BRL 14,233); labor provisions, in the amount of BRL 3,934 (2018: BRL 3,947); provision for depreciation of assets not for allocated for own use, in the amount of BRL 0 (2018: BRL 276) and arising from temporary differences, in the amount of BRL 18,497 (2018: BRL 5,525). The total of these tax credits is BRL 14,718 (2018: BRL 9,363). Based on CMN Resolution no. 3,059/2002, the Management understands that sufficient results will be produced for the absorption of such credit, as detailed in Explanatory Note no. 9 (d).

69

Income Tax Social Contribution Income Tax Social

Contribution

Profit before income tax and social contribution 3,801 3,801 16,870 16,870

Net additions (exclusions):Interest on Equity (12,813) (12,813) (6,464) (6,464) Equity Equivalence (3,053) (3,053) (2,107) (2,107) PCLD, net 285 285 1,245 1,245 Tax loss - - (4,301) (4,301) Provision for contingencies 659 659 - - Hedge (5,170) (5,170) - - Others, net (412) (412) 4,793 4,793 Calculation basis (16,703) (16,703) 10,036 10,036

Effective rate - - (1,505) (2,007) Additional rate (10%) - - (998) - Deferred IRPJ and CSLL 5,181 3,094 (805) (644) Expense of tax return and social contribution 5,181 3,094 (3,308) (2,651)

Income tax current - (2,503) Social contribution current - (2,007) Deferred asset 8,275 (1,449)

Income Tax and social contribution 8,275 (5,959)

Parent Company3/31/2019 3/31/2018

70

During the periods than ended March 31, 2019 and 2018, there were no collection for estimate of income tax and social contribution.

17 Shareholders’ Equity

a. Share Capital As of March 31, 2019, the fully subscribed and paid-in share capital is composed of 101,411,044 registered shares, of which 50,767,085 are common shares and 50,643,959 are preferred shares, all with no par value.

b. Legal reserve It is constituted based on 5% on the net profit assessed, limited to 20% of the share capital.

c. Profit reserve In previous periods, after the constitution of the Legal Reserve, the Bank’s Management decided to allocate the remaining balance of profits to the constitution of a Profit Reserve.

d. Dividends and interest on equity Banco Inter adopts a policy of capital remuneration by paying interest on equity at the maximum amount calculated in compliance with current legislation, which is charged, net of Withholding

Income Tax Social Contribution Income Tax Social

Contribution

Taxable Income CalculationProfit before income tax and social contribution 4,393 4,393 17,339 17,339

Net additions (exclusions):Interests on Equity (12,813) (12,813) (6,464) (6,464) Equity Equivalence (3,053) (3,053) (2,107) (2,107) PCLD, net 285 285 1,245 1,245 Tax loss (185) (185) (4,442) (4,442) Provision for contingencies 659 659 - - Hedge (5,170) (5,170) - - Others, net (412) (412) 4,793 4,793 Calculation basis (16,296) (16,296) 10,364 10,364

Taxable Income CalculationRevenue from services 4,114 4,114 4,926 4,926 Presumed profit (32%) 1,316 1,316 1,577 1,577 Other revenues 60 60 72 72 Calculation basis 1,376 1,376 1,649 1,649

Effective rate (284) (205) (1,802) (2,219) Additional rate (10%) (178) - (1,185) - Deferred IRPJ and CSLL 5,152 3,077 (840) (672)

4,690 2,872 (3,827) (2,891)

Income tax current (462) (2,987) Social contribution current (205) (2,219) Deferred asset 8,229 (1,512)

Income Tax and social contribution 7,562 (6,718)

Consolidated3/31/2019 3/31/2018

71

Income Tax, in the calculation of mandatory dividends for the fiscal year as provided for in the Bylaws and art. 202 of Law nº 6,404/1976. The allocations of the results for the periods than ended March 31, 2019 and 2018 are presented below:

On March 20, 2019, the Board of Directors approved the Executive Office’s proposal for announcement and payment of IoE in the gross amount of R$ 12,814.

e. Treasury shares On March 22, 2019, the Bank’s management chose to resell 11,000 treasury shares. On March 31, 2019, the Bank holds 109,100 registered preferred shares in treasury. The balance of such shares as of March 31, 2019 is BRL 393 (2018: BRL 432).

f. Equity Value adjustment The balance of the equity value adjustment is BRL 3,371 (2018: BRL 3,340). From this total, the negative amount of BRL 99 (2018: negative in BRL 83) corresponds to federal public securities available for sale and quotas of investment funds, which are marked to market. The amount of BRL 3,470 (2018: BRL 3,470) refers to the goodwill paid on the acquisition of the interest of the subsidiary Inter Digital, a transaction carried out with non-controlling shareholders.

g. Profit per share

For comparability purposes, the average number of shares and profit per share calculation presented previously were changed in the ratio of 6 shares to 1 share to reflect the stock split occurred in 2018.

18 Provisions, contingent assets, and liabilities and legal obligations - Tax and social security

a. Contingent assets

Results Allocation 3/31/2019 3/31/2018

Net Profit 12,076 10,911 Legal reserve (604) (546) IoE paid and dividends provisioned (12,814) (6,465) Statutory reserve 1,342 (3,900)

Amount Amountprovisioned provisioned

Interest on equity paid in the semester 8,033 0.08 7,224 0.10 Provisioned dividends 12,814 0.13 6,465 0.09 Tax Interest on owners’ equity payable (1,486) (0.01) (971) (0.01) Interest on net owners’ equity payable 11,328 0.11 5,494 0.09

3/31/2018

Value per share

3/31/2019

Value per share

3/31/2019 3/31/2018Net income attributable to shareholders (in thousands of BRL) 12,076 10,911 Average number of shares 101,292 71,388 Profit per share (R$) 0.12 0.15Profit per share - diluted (in BRL) 0.12 0.15

Parent Company and Consolidated

72

Contingent assets are not recognized by the Bank as they relate to possible assets resulting from past events and whose existence will be confirmed only by the occurrence or not of one or more uncertain future events not fully under the Bank’s control.

b. Provisions classified as likely losses and legal obligations - Tax and social security Banco Inter is a party to labor, civil and tax lawsuits arising from the normal course of its activities. Provisions for contingencies are estimated taking into account the opinion of the legal advisors, the nature of the lawsuits, the similarity with previous proceedings, the complexity and the position of the courts, whenever the loss is assessed as likely. Management understands that the provision recorded is sufficient to cover losses arising from the respective lawsuits. There is a provision for contingencies related to various civil, labor and tax lawsuits in the amount of BRL 19,382 (2018: BRL 18,940), recorded under the item “Other obligations”, as disclosed in Explanatory Note no. 14 (c). See movement of the balances in item “b.1” The liability related to the legal obligation under judicial discussion is maintained until the definitive granting of the lawsuit, represented by favorable judicial decisions, on which no more appeals or their prescription are possible.

b.1 Changes in provisions and classification by nature

c. Contingent liabilities with possible losses

c.1 Tax contingent liabilities classified as possible losses

c.1.1 Income tax and social contribution

(i) It comprises the provisioning of the effects of the legal challenge of the extinction of the monetary restatement of balance sheet, in accordance with Law 9,249/95, resulting from the full use (deduction) of the debt balance of the monetary restatement in 1996 in the calculation of IRPJ and CSLL, in the amount of BRL 915, which judicial deposit in the same amount is recorded in long-term receivables.

(ii) On August 30, 2013, a tax assessment notice was drawn-up demanding the constitution of tax credits for IRPJ and CSLL related to the calendar years from 2008 to 2009, added with ex-officio fine (qualified) of 150% and interest on arrears, as well as imposing an isolated fine of 50% on IRPJ and CSLL estimates. The restated amounts as of March 31, 2019 are as follow:

Nature Labor Civil Tax Total Balance as of December 31, 2018 3,945 14,225 916 19,086 Constitutions / updates 356 1,295 4 1,655 Payments/reversals (367) (72) - (439) Balance as of March 31, 2019 3,934 15,448 920 20,302

Balance as of December 31, 2017 2,935 9,953 853 13,741 Constitutions / updates 266 3,290 13 3,569 Payments/reversals (444) (2,088) - (2,532) Balance as of March 31, 2018 2,757 11,155 866 14,778

73

Principal, in the amount of BRL 10,300; a fine of BRL 19,892; interest of BRL 20,872 - Total of BRL 51,064. The tax assessment notices are intended to cover expenses incurred in the provision of services. In view of the factual situation under discussion and the Bank’s defense arguments, we evaluated the expectation of outcome as possible, but with a lower likelihood of loss.

c.1.2 Cofins

(i) Banco Inter has a decision of the Federal Supreme Court, dated December 19, 2005, granting the right to pay COFINS based on the revenue from services rendered. During the period from 1999 to 2006, the Bank made a judicial deposit and/or made the payment of the obligation. In 2006, the Bank, upon a favorable decision of the Federal Supreme Court and express agreement of the Internal Revenue Service, carried out the release of the judicial deposit. In addition, the authorization of credits on the collection of taxes was ratified without challenge by Brazilian Federal Revenue Service, on May 11, 2006.

(ii) On July 2, 2010, the Brazilian Federal Revenue Service, contrary to a decision of the Federal Supreme Court, which was final and unappealable, as specified in item (i) above, filed an administrative proceeding charging the amounts of judicial deposits related to COFINS raised by the Bank in the case of the Writ of Mandamus no. 1999.38.00.016025, where the values restated up to March 2019 are as follows: principal in the amount BRL 1,255; fine in the amount of BRL 251; interest in the amount of BRL 2,462 - Total of BRL 3,967.

On October 5, 2010, an injunction was granted demanding the processing of the defense presented in the Administrative Proceeding files, with the hierarchical appeal, with suspension of the liabilities of the tax credit.

(iii) On July 14, 2010, the Federal Revenue Service filed an administrative proceeding charging the amounts of return/compensation claims paid in excess of COFINS raised by the Bank in the case files of the Writ of Mandamus No. 1999.38.00.016025, where the amounts restated up to March 2019 are as follows: principal in the amount of BRL 3,496; fine of BRL 699; interest of BRL 4,422 - Total of BRL 8,617.

After a filing of Expression of Dissatisfaction, the Administrative Council of Tax Appeals has determined the suspension of the administrative process until the trail at the Federal Supreme Court.

(iv) On November 11, 2010, notices were drawn up for constitution of tax credits under PIS and COFINS, plus a fine of 75% and interest on arrears in the period from March 2006 to December 2008. Such collections were considered insufficient.

COFINS: Principal, in the amount of BRL 10,027; interest and charges, of BRL 14,047 - Total of BRL 24,074. After a filing of Expression of Dissatisfaction, the Administrative Council of Tax Appeals has determined the suspension of the administrative process until the trail at the Federal Supreme Court.

(v) On December 15, 2014, a tax assessment notice was issued demanding the constitution of a tax credit for COFINS, covering the period from January 2010 to December 2011, plus a fine of 75% and interest on arrears.

Principal, in the amount of BRL 11,212; fine BRL 8,409; interest BRL 12,367 - Total of BRL 31,988.

74

The tax assessment notice was drawn-up on the grounds that the Bank had an insufficient collection of the contribution in question. In view of the Bank’s defense arguments, we evaluated the expectation of outcome as possible, but with a lower likelihood of loss.

(vi) On October 9, 2015, the Bank was notified of the decision of dismissing the credit right to offset debts with credits arising from payments considered undue by the Bank, carried out as COFINS (January and February 2014).

On November 3, 2015, an Expression of Dissatisfaction was filed, which answer is pending.

Principal, in the amount of BRL 1,367; fine of BRL 274, interest of BRL 683 - Total of BRL 2,324.

(vii) On January 24, 2017, the Bank was notified in regards to the tax assessment notice drawn up for constitution of a tax credit related to an isolated fine of 50% on the amount of the debt whose offset was not approved in administrative proceeding no. 10680.723654/2015-41

Isolated fine, in the amount of BRL 688; interest BRL 109 - Total BRL 797

(viii) On April 5, 2017, the Bank was notified in regards to the tax assessment notice drawn-up for constitution a COFINS tax credit, plus an ex-office fine of 75% and interest in arrears, on the grounds that Banco Inter in the calendar year 2013, would have carried out insufficient collections of the contribution in question due to the non-inclusion of “financial income” in the calculation basis.

Principal, in the amount of BRL 8,804, fine of BRL 6,603; interest of BRL 5,890 - Total of BRL 21,298. On 03/26/2019, the voluntary appeal was distributed to the 1st Ordinary Class of the 2nd Chamber of the 3rd Judicial Section of CARF. It is hoped that the appeal will be included in the list of CARF judgments.

(ix) On October 31, 2018, the Bank was notified in regards to the tax assessment notice drawn-up for constitution COFINS tax credit, plus an ex-office fine of 75% and interest in arrears, on the grounds that Banco Inter in the calendar year 2014, would carried out insufficient collections of the contribution in question due to the non-inclusion of "financial income" in the calculation basis.

Principal, in the amount of BRL 9,307, fine of BRL 6,983; interest of BRL 4,605 - Total of BRL 20,897

It is awaiting the judgment of challenge presented by the Bank.

75

19 Income from service rendered

3/31/2019 3/31/2018

Bank Rate Revenues 5,341 1,022Other services 641 348Management and structuring rates 599 1,381Exchange incomes 9,524 2,634Real estate registration fees 836 1,003Legal Entity loan registration fees 1,222 1,073Other income from service rendered 3 3Total 18,166 7,464

Parent Company

3/31/2019 3/31/2018

Bank Rate Revenues 5,341 1,022Other services 648 348Insurance brokerage 4,369 4,927Income from commissions and placement of securities 1,427 727Income from brokerage and stock exchange operations 69 60Fund administration 144 255Management and structuring rates 599 1,381Exchange incomes 9,524 2,634Real estate registration fees 836 1,002Legal Entity loan registration fees 1,222 1,073Other income from service rendered 3 3Total 24,182 13,432

Consolidated

76

20 Personnel expenses

21 Other administrative expenses

3/31/2019 3/31/2018Wages (15,713) (9,812)Compensation of the executive board and board of directors

(2,769) (2,127)

Social and social security charges (5,887) (3,654)Profit sharing - (1,630)Holiday expenses and Christmas’ Bonus (2,797) (1,707)Benefits (4,711) (2,937)Others (262) (104)Total (32,139) (21,971)

Parent Company

3/31/2019 3/31/2018Wages (16,245) (10,263)Compensation of the executive board and board of directors

(2,985) (4,645)

Social and social security charges (6,137) (3,882)Profit sharing (93) (1,729)Holiday expenses and Christmas’ Bonus (2,922) (1,803)Benefits (4,881) (3,046)Others (287) (117)Total (33,550) (25,485)

Consolidated

3/31/2019 3/31/2018Services Provision (1,976) (2,074)Data processing (23,035) (6,762)Rental (1,692) (1,339)Communication (9,949) (1,600)Bank Expenses (8,684) (4,174)Specialized Technical Services (5,023) (4,088)Advertising and publicity (9,359) (5,175)Maintenance and preservation of property (813) (1,060)Notary and judicial expenses (492) (459)Others (2,928) (2,530)Total (63,951) (29,261)

Parent Company

77

22 Other operational revenues

3/31/2019 3/31/2018Services Provision (2,068) (2,101)Data processing (23,361) (6,820)Rental (1,721) (1,361)Communication (10,012) (1,612)Bank Expenses (8,866) (4,212)Specialized Technical Services (5,073) (4,120)Advertising and publicity (9,380) (5,185)Maintenance and preservation of property (823) (1,063)Notary and judicial expenses (494) (460)Others (3,052) (2,609)Total (64,850) (29,543)

Consolidated

3/31/2019 3/31/2018

Recovery of charges and expenses 1,033 2,733Review Fees 1,677 824Portability Revenue 42 121Income from securities and receivables 333 651Performance revenues 3,386 3,318Other income 3,113 218Total 9,584 7,865

Parent Company

3/31/2019 3/31/2018

Recovery of charges and expenses 1,033 2,733 Review Fees 1,677 824 Portability Revenue 42 121 Income from securities and receivables 333 651 Performance revenues 3,386 3,318 Other income 3,354 218 Total 9,825 7,865

Consolidated

78

23 Other operational expenses

24 Non-operational results

25 Share-based compensation Over the years, stock option plans have been granted by the Bank and its subsidiaries to key Management personnel. The Stock Option Plan of Preferred Shares, established pursuant to art. 168, Paragraph 3, of Law no. 6,404/1976, is an initiative of the Bank’s Board of Directors, through which Banco Inter’s

3/31/2019 3/31/2018Amortization and depreciation (1,706) (345)Discounts granted (3,506) (692)Expenses with portability (388) (200)Expenses with withdraw rate (5,666) (1,486)Card Expenses (244) (445)Expenses with exchange (655) (305)Other operational expenses (3,871) (819)Total (16,036) (4,292)

Parent Company

3/31/2019 3/31/2018Amortization and depreciation (1,746) (347)Discounts granted (3,506) (692)Expenses with portability (388) (200)Expenses with withdraw rate (5,666) (284)Card Expenses (244) (445)Expenses with exchange (655) (305)Other operational expenses (3,875) (822)Total (16,080) (3,095)

Consolidated

3/31/2019 3/31/2018Gains (Losses) on the sale of securities and assets (567) (44)Other capital gains (losses) (3) 299 Provision for contingencies (1,652) (3,136)Total (2,222) (2,881)

Parent Company

3/31/2019 3/31/2018Gains (Losses) on the sale of securities and assets (567) (44)Other capital gains (losses) (3) 299 Provision for contingencies (1,652) (3,136)Other expenses (39) - Total (2,261) (2,881)

Consolidated

79

managers, executives and employees were granted options for the acquisition of Preferred Shares of Banco Inter, with a view to encouraging performance and favoring the retention of managers, executives and employees of Banco Inter, insofar as their participation in the Bank’s share capital will allow them to benefit from the results to which they contributed and which are reflected in the valuation of the price of its shares, thus forming, with the shareholders, a communion of interests. Considering plans currently in force, the first one has started in 2012 and will close in 2021. The first tranche, which began in 2012, and was completed in 2017, with a devaluation of shareholders’ equity of approximately BRL 1,700. For 2013 and 2014 tranches, which will end in 2020 and 2021, respectively, since the chosen employees will have the right to exercise the option to acquire another 576,420 preferred shares, at the unit value of BRL 3.68. For 2013 and 2014 tranches, if the employee does not exercise the option or have its employment with the Bank terminated, he/she will lose the right. Once the options are exercised, the grantee may not sell, transfer or dispose of such shares, as well as those that may be acquired by virtue of bonuses, splits, subscription or any other form of acquisition, provided that such rights have elapsed for the acquirer of the sharing object of the Plan, for a minimum period of five years as from the date of receipt of the first offer of shares offered to him/her by the Bank. In 2016, a new Stock Option Plan was launched, which entered into force in 2017 and will end in 2021, in which the Bank may increase the Share Capital by up to further five hundred and sixty-four thousand (564,000) registered preferred shares, segregated into five tranches, subject to the rules of the regulation approved by the Board of Directors. The options exercisable will have a par value of BRL 4.62 and may be exercised by the participant in up to three years as of the last lock-up period. On February 6, 2018, the Board of Directors of Banco Inter S.A. approved Plan IV for the Acquisition of Stock Options. These options may be exercised within a period of three (3) years, counted from the respective lock-up periods, and after which they will be automatically be terminated, with no indemnification rights. The strike price of the options granted in the plans is equivalent to the book value per share at the end of the year prior to the grant. The rules for exercising and terminating the options are part of the plan’s regulations and are filed at the headquarters of the Bank and its subsidiaries. As shown in explanatory note no. 17, in the first quarter of 2018 the stock split was approved in the ratio of 6 shares to each 1 share. For comparability purposes, the following information has been updated in order to reflect this split and the current position of the plans. The main characteristics of the Plans are described below:

Plan Approval Options Vesting Average Strike Price Participants Final Strike Term

2 02/24/2012 1,699,470 Up to 5 years R$ 2.63

Officers, managers and key employees

12/31/2019 12/31/2020 12/31/2021

3 09/30/2016 588,000 Up to 5 years R$ 4.62 Officers, managers and key employees 12/31/2023

4 02/15/2018 1,675,488 Up to 5 years R$ 5.42 Officers, managers and key employees 02/15/2025

The changes in the options of each plan for the period ended on December 31, 2018 and supplementary information are shown below:

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The estimated impact is related to the value of the option premiums granted to employees in the financial statements based on their fair value. The fair values of the programs were estimated based on the Black & Scholes option valuation model, considering the following assumptions: Program

2 (2012) 2(2013) 2(2014) 3(2016) 4(2018) Strike Price 1 3,69 3,69 4,62 5.42 Risk Free Rate 10.19% 11.05% 11.15% 11.68% 9.97% Duration of the Exercise (years) 7 7 7 7 7 Expected Annualized Volatility 35.06% 35.06% 35.06% 60.33% 64.28% Fair Value of the Option on Grant/Share Date 1.83 0.88 0.99 1.13 0.32

The cost of premium related to the program no. 4 will be the responsibility of the participants, not being recognized any cost by the Bank.

26 Risk Management At Banco Inter, the management of Credit, Liquidity, Market and Operational Risks and Social and Environmental Responsibility is carried out in a continuous and autonomous manner, supported by structured policies and strategies and a suitably qualified technical team.

Prescribed/Cancelled

2 12 240,288 - 15,480 - 224,808 3 18 540,900 - 7,600 8,900 524,400 4 25 1,641,248 50,000 21,600 2,400 1,667,248

Total 2,422,436 - 44,680 11,300 2,416,456

Average Weighted Price of Shares

R$ 4.61 4.92 R$ 4.34 R$ 4.25 R$ 4.62

Movements on 03/31/2019 (Shares)

Plan Number of Employees Initial Balance Granted Exercised Final

Balance

Prescribed/Cancelled

2 12 979,728 - 124,278 615,162 240,288 3 18 588,000 - 24,000 23,100 540,900 4 25 1,675,488 50,000 - 84,240 1,641,248

Total 3,243,216 50,000 148,278 722,502 2,422,436 Average Weighted Price of Shares

R$ 4.75 - R$ 3.91 R$ 0.42 R$ 4.90

Granted Exercised Final Balance

Movements on 12/31/2018 (Shares)

Plan Number of Employees Initial Balance

PlanNumber of

Exercisable Shares

Cost of Premium in

the Year

Cost of Premium to be

Recognized

Remaining Cost Remuneration

Period (in years)

Remaining Contractual

Life (in years)

2 224,808 - - - 2 3 524,400 26 172 2 5 4 1,667,248 - - 4 6

Other Information

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Risk management shall be treated as a core and vital activity for the sustainable growth of the group’s operations and for this purpose it maintains and complies with a set of rules and procedures to ensure the quality of services and products offered to its stakeholders. Banco Inter also has the Audit Committee and the Risk and Capital Committee, which comprises members of the Group’s Senior Management, including the Board of Directors, making collective decisions, aiming at the supervision and assessment of the effectiveness of internal controls, quality and integrity of the information handled and the performance of internal and independent audits. Further details on the Bank’s risk management structure are available on the website www.bancointer.com.br, at the Risks Management section.

(ii) Liquidity risk management Liquidity risk is defined as the possibility that the institution will not be able to efficiently comply with its expected and unexpected current and future obligations, including those arising from collateral, without affecting its daily operations and without incurring significant losses; and the possibility that the institution will not be able to negotiate a position at market price because of its great size as compared to the volume normally traded or due to some discontinuity in the market. The functions of liquidity risk management comprise a set of functional activities that throughout the whole “business chain”, product development, negotiation and disbursement of operations, and monitoring the effectiveness of the processes and controls used. At Banco Inter, this management is also weekly assessed by the Assets and Liabilities Committee, which, in addition to further roles, have also the purpose of organizing, evaluating and monitoring liquidity risk, creating processes, tools and limits necessary for the generation and analysis of prospective liquidity scenarios and the monitoring of levels of risk appetite established by Senior Management, in line with CMN Resolution No. 4,557/2017.

d. Market risk management Market risk is the possibility of losses that may be caused by changes in the behavior of interest rates, foreign exchange, price indexes, reference prices, share prices and commodities prices, due to the mismatches of maturities, currencies and indexes of the active and passive portfolios from the Bank. Risk supervision allows the analysis of exposures within the established limits and the identification of trends through the use of specific models, as well as the control of capital requirements. Among others, at Banco Inter, market risk management has the purpose of supporting the business areas, establishing processes and implementing the tools necessary for the evaluation and control of related risks, enabling the measurement and monitoring of risk appetite levels defined by Senior Management.

d.1 Sensitivity analysis The Bank evaluates the behavior of the portfolio in stress scenarios through shocks on indexers. This procedure allows making inferences about the risk of the positions when compared to the current levels of market prices and their historical behavior. The statement below contains the sensitivity analysis of the assets classified in the portfolios indexed to the bank’s highest exposure rates, namely IGPM, IPCA and PRE-rate.

Risk Factor IGPM IPCA PRÉ TOTAL PORTFOLIO

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Regular MoM 1,672,631 Bases Points shocks

-50 bps SCENARIO 3 1,683,041 1,703,839 1,685,874 1,727,493

-25 bps SCENARIO 2 1,677,794 1,688,039 1,679,216 1,699,787

-1 bps SCENARIO 1 1,672,836 1,673,240 1,672,893 1,673,707

+1 bps SCENARIO 1 1,672,426 1,672,022 1,672,369 1,671,556

+25 bps SCENARIO 2 1,667,551 1,657,602 1,666,119 1,646,010

+50 bps SCENARIO 3 1,662,552 1,642,940 1,659,679 1,619,909

Source: Basel System and Market

To support the analysis, the following scenarios were considered:

SCENARIO 1 - likely situation based on market variables such as IGPM, IPCA and PRE-curves

respectively impacted by parallel shocks, based on the variation of the market curves for the

respective base date with the 1-year period.

SCENARIO 2 - situation of deterioration and increase of 25 basis points in market variables by

means of parallel shocks in the IGPM, IPCA, and PRE-curves for the base date.

SCENARIO 3 - situation of deterioration and increase of 50 basis points in market variables by means of parallel shocks in the IGPM, IPCA, and PRE-curves for the base date. In addition, in order to estimate the effect of the variation of a certain risk factor on the reference equity (PR), we performed sensitivity tests, in which we evaluate: The maximum expected gains and losses at the 1st and 99th percentile, calculated from a series of 252 returns, calculated from the VaR calculation of the portfolio, using a 99% confidence parametric methodology and a one-day time horizon scaled to twenty-one days.

Risk Factor Percentile (thousand) 1 - 1 year 99 - 1 year 1 - 5 years 99 - 5 years

Euro -235 371 -1,090 336

IGP-M index number 5,387 -36,639 2,926 -66,710

IGP-M Coupon -36,781 -1,111 -226,758 -3,232

IPCA index number 10,555 -92,319 4,582 -167,091

IPCA Coupon 7,333 -73,168 4,919 -195,070

PRÉ -784 110 -1,773 72

Stocks (IBOVESPA) -7 6 -23 16

Pound sterling 244 -1,768 293 -4,645

TR Coupon -603 280 -1,760 249

USD -1,407 -928 -1,921 -949

Australian Dollar -235 371 -1,090 336

Canadian dollar -42,201 -1,580 -135,321 -2,918

Base Date 03/29/2019 Source: Basel System and Market

Amount of basis points needed to cause 5%, 10% and 20% reductions in Reference Equity. Below, we present only those risk factors where for which it was possible to determine at least one of the reported values.

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Risk Factor Change in Equity (%) 5% 10% 20%

IGP-M Coupon 2.36% 5.52% 12.62%

IPCA Coupon 0.80% 1.59% 3.59%

PRÉ 1.74% 3.70% 7.86%

Base date 03/29/2019 Source: Basel System and Market

e. Operational risk management According to CMN Resolution No. 4,557/2017, operational risk is defined as the possibility of losses resulting from failure, deficiency or inadequacy of internal processes, people and systems, or from external events. This definition includes the legal risk associated with the inadequacy or deficiency in agreements entered into by the institution, as well as legal sanctions due to non-compliance with legal provisions and indemnities for damages for third parties arising from the activities performed by the institution. Banco Inter treats all risk notes identified in the mapping of its processes, as well as those considered by auditors and regulators as operational risk, and, through this work, creates actions that mitigate these notes. For the capital allocation for operational risk, Banco Inter adopted the methodology of the Basic Measurement Indicator (BIA), as provided in Art. 1 of Bacen Letter no. 3,640/2013.

f. Credit risk management Credit risk is defined as the possibility of losses associated with the non-compliance by the borrower or counterparty of their respective financial obligations under the agreed terms. The purpose of credit risk management is to support senior management in the decision-making process by defining strategies and policies, risk mitigation mechanisms and procedures designed to maintain exposure to credit risk at levels considered acceptable by the Bank’s management. Banco Inter performs credit risk management with the support of the Risk and Capital Committee, adopting governance criteria through instruments and tools that allow the identification, evaluation, measurement, monitoring and reporting of the risk incurred in its activities in the main stages, whether in the concession, in the monitoring, or in the recovery of credit. Nevertheless, stress tests are used to measure possible losses in several scenarios that the risk area judges probable. In compliance with Bacen Letter no. 3,678/2013, information on risk and capital management can be found at the following address: http://ri.bancointer.com.br.

g. Ombudsman Banco Inter’s Ombudsman acts as a channel for the relationship between customers and users of the products and services offered and in the treatment and mediation of conflicts. The Ombudsman aims to seek agile and effective solutions, acting with transparency and impartiality, and it is also committed to fostering improvements to services rendered. The occurrences received by the Ombudsman are analyzed and met, in a conclusive and formal manner, in up to ten business days, strictly in accordance with CMN Resolution 4,433/2015.

h. Basel Index On February 23, 2017, Central Bank of Brazil (Bacen) issued Resolution CMN No. 4,577/2017, which established the need of implementing a capital management structure for financial institutions.

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CMN Resolution no. 4,388/2014, which amends the provisions of further resolutions related to risk management, including from January 2015, the need to manage the risks of the Prudential Conglomerate, that is, of the companies that make up the Document Catalog (CADOC) 4060, and determination of the Bank’s numbers through this document. Banco Inter S.A. has mechanisms that allow the identification and evaluation of the relevant risks incurred, including those not covered by Minimum Required Reference Equity (PRMR). Policies and strategies, as well as the capital plan, enable the maintenance of capital at levels compatible with the risks incurred by the Bank. Stress tests are performed periodically and their impacts are assessed from the capital point of view. The management reports of capital adequacy are reported to intervenient areas and strategic committees, representing support for the decision-making process by the Bank’s Senior Management. The Basel Ratio was calculated according to the criteria established by CMN Resolutions no. 4,192/2013 and 4,193/2013, which deal with the calculation of Reference Equity (PR) and Minimum Required Reference Equity (PRMR) in relation to Assets Weighted by Risk (RWA). The methodology for determining regulatory capital continues to be established in Levels I and II, with Level I composed of Core Capital (deducted from Prudential Adjustments) and Supplementary Capital, and the scope used for consolidation and assessment of operational limits considers the Prudential Conglomerate formed by Banco Inter and Inter Distribuidora de Títulos e Valores Mobiliários. DLO - Document Of Operational Limits

Basel Index

Breakdown of Requirement Margins Regarding RWA

i. Social and environmental responsibility In addition to what CMN Resolution no. 4,327/2014 sets forth, to Banco Inter, social-environmental responsibility is when the organization itself, customers, users, suppliers or service providers, voluntarily adopt positions, behaviors and actions that promote the well-being of its internal public (employees, shareholders etc.) and external (community, partners, environment etc.). This is a voluntary practice that involves the benefit of the community and shall not be confused exclusively by compulsory actions imposed by the regulator. In the businesses carried out by the Bank and in the products offered by it, specific assessments are carried out on the exposure to risks related to the social and environmental responsibility of its activities, including the granting of credit and even the contracting of outsourced services or

3/31/2019 12/31/2018

Reference Equity (PR) 911,068 922,575

Reference Equity level l 911,061 922,575

Core Capital - CP 911,061 922,575

Risk Weighted Assets - RWA 3,529,758 3,090,253

RWA for Credit Risk by Standardized Approach - RWACPAD 2,763,545 2,516,860 RWA for Market Risk - RWAMPAD 130,283 64,717 RWA for Operacional Risk by Standardized Approach - RWAOPAD 635,930 508,676Minimum reference equity required

Minimum Core Capital Required For RWA 158,839 139,061 Minimum Level I Reference Equity Required For RWA 211,785 185,415 Minimum Reference Equity Required For RWA 373,493 308,980Margem sobre os Requerimentos de Capital

Margin on Capital Requirements 752,222 783,514 Margin on level 1 required reference equity 699,276 737,160Core Capital Index (CP/RWA) 25.81% 29.85%

Capital level 1 index (Level I / RWA) 25.81% 29.85%

Basel Index (PR/RWA) 25.81% 29.85%

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suppliers. The management of related risks consists in assessing the social and environmental aspects with which the client is involved in complying with environmental laws, working conditions, use of natural resources, waste management, etc., and setting its social and environmental risk level in relation to its relationship with Banco Inter.

27 Subsequent events On April 22, 2019 was approved by the Central Bank of Brazil the election of Rogério Toledo Goulart to the position of Risk Director and Priscila Salles Vianna de Paula and Ray Tarick Pereira Chalub for the positions of Directors without specific designation. There were no other relevant subsequent events until the date of approval of this financial statements information.

* * *

Board of Directors

Rubens Menin Teixeira de Souza - Chairman of the Board

João Vitor Nazareth Menin Teixeira de Souza - Board Member

José Felipe Diniz - Board Member

Marcos Alberto Cabaleiro Fernandez - Board Member

Leonardo Guimarães Corrêa - Board Member

Cristiano Henrique Vieira Gomes - Independent Board Member

Luiz Antônio Nogueira de França - Independent Board Member

Chief Executive Officer

João Vitor Nazareth Menin Teixeira de Souza

Vice presidents

Alexandre Riccio de Oliveira

Marco Túlio Guimarães

Executive Office

Ana Luiza Vieira Franco Forattini

Guilherme Ximenes de Almeida

Rafael Alves Rodrigues

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Sebastião Luiz da Silva

Accountant in charge

Sicomar Benigno de Araújo Soares - CRC-MG 67.120-O-3