Banco do Estado do Rio Grande do Sul Stock

Banco do Estado do Rio Grande do Sul S.A. (Banrisul) operates as a multiple-service bank. The company is headquartered in Brazil.

The company engages in the retail banking, lending, financing and investment, mortgage loan, development, lease portfolio, and foreign exchange activities. Through its subsidiaries and affiliated companies, Banrisul engages in various other activities, including securities brokerage, the management of sales poll groups, means of payment, insurance and pension products. Financial market transactions are conducted within the context of an integrated group of financial institutions. Banrisul also operates as an economic and financial agent for the state of Rio Grande do Sul, in conformity with the state government’s plans and programs.

Banrisul treats the Retail, Corporate, Correspondent, and Treasury businesses as distinct operating segments.

The Retail segment encompasses a group of banking services, funding from the branch network and loan transactions for individual and corporate customers, including micro and small- and medium-sized entities.

The Payroll Loan Correspondents segment is responsible for the origination of payroll loans in specific channel, outside the Banrisul network. The acquisition of the shares of sales promotion company, Bem Promotora de Vendas e Serviços S.A., in March 2012, by the bank added the possibility of expanding its operational geographic area, reaching other regions of the country. The origination of payroll loans operation outside the Banrisul's network now represents 18.4% of total registered with clients and non-account holders, therefore, requesting specific granting policies and controls, becoming an object of segmented valuation from the point of view of management.

The Corporate segment is responsible for the management of products and services linked to funding, as well as business, long-term, agricultural, mortgages and foreign exchange loan transactions for government agencies, public institutions and large corporations. Banrisul's operations within the Corporate segment are focused on seizing market opportunities through transactions with the entities themselves, like payroll, billing and other services; and seeking to establish a business relationship with employees in retail operations, the return of which is allocated to the Retail segment.

The Treasury segment is responsible for Banrisul's cash flow management and control and the management of its own financial assets portfolio.

Deposits

The company’s deposits are demand deposits, savings deposits, other deposits, and time deposits.

Securities

The company’s securities are investment fund shares, privatization certificates, and other securities.

Investments In Associates

The following shows the related companies in which the bank has investments:

Bem Promotora de Venda’s e Serviços S.A.: Bem Promotora de Venda’s e Serviços S.A. operates in the provision of services as an originator of payroll deductible loans for retirees and pensioners from INSS and federal public employees.

Banrisul Icatu Participações S.A. - BIPAR: Banrisul holds 49.99% of the capital of Banrisul Icatu Participações S.A. - BIPAR, a holding company formed in partnership with Icatu Seguros S.A. BIPAR operates, through its subsidiaries, in the areas of Personal Insurance, Private Pension Plans and Capitalization. Rio Grande Seguros e Previdência S.A. and Rio Grande Capitalização S.A. operate exclusively in the sale of Personal Insurance, Private Pension Plans and Capitalization in Banrisul's channels.

Products and Services

Loan Portfolio

Banrisul’s lines of credit, Giro FGI and Banrisul Fampe Mais, the latter granted to small businesses, by offering business training, financial education, and managerial advisory services for a loan-informed decision, together, made available. Banrisul’s line of credit, Fomento Eficiência Energetica – FGEnergia finances energy efficiency projects for micro, small, and medium-sized companies, secured by FGEnergia, a guarantee fund managed by BNDES (Brazilian Development Bank), launched in August. In September, Seal +Sustainable Energy was launched in a partnership among Banrisul, Sebrae RS, Senai-RS, and UFRGS to qualify photovoltaic companies, and foment renewable energy financing.

Banrisul offers lines of credit with its funds to finance capital goods to the Rio Grande do Sul’s municipalities, also BNDES onlending for businesses and industries installation and expansion projects, as well as the construction of storage silos; besides specific lines of credit for the acquisition of machinery, equipment, buses, and trucks. The line of credit, FINAME FUNDO CLIMA targets renewable energy solutions, offered until November when all funds allocated to this line of credit at BNDES were consumed.

Banrisul continues supporting the Rio Grande do Sul agribusiness, one of its priorities, with a focus on a growing portfolio with small and medium-sized producers supported by Banrisul through its own funds, BNDES onlending, and funds adjusted by National Treasury. Since 2021, Banrisul Agro Spaces have been inaugurated to maximize the bank’s scope with customized services, technical support, and financial guidance by sector specialists in the municipalities of Santo Angelo, Cruz Alta, Passo Fundo, Bage, Sant’Ana do Livramento, Ijuí, and Carazinho. In 2023, other 10 Agro Spaces are expected to be inaugurated.

Insurance

Banrisul Corretora de Seguros (Insurer) offers insurance products, such as personal insurance, property insurance, rural insurance, savings bonds, and supplementary private pension plans. In 2022, the life insurance Bem Viver was launched, also private pension funds BanrisulPrev Qualificado, BanrisulPrev Data Alvo, and Rio Grande Absoluto Credito Privado, the savings bonds BanriCap Master and Banricap Plus, besides new solutions for rural insurance. Digital channels also advanced, especially vehicle insurance, and pension product management, which included portability from other institutions.

Customer Relationship

In 2022, Banrisul began the installation of the Customer Management Terminal – TGA at its branches network, and refer customers to their profile-suited sector, centralizing data and monitoring customers’ experience, besides controlling and complying with legal requirements. TGA facilities shall be concluded in the first half of 2023.

Banrisul also offers services via Banripontos correspondents, and accredited merchants wherein various banking services are available. In November, the company launched Banripontos new brand, connected with Banrisul rebranding, bolstering its commitment to Banriponto’s core activity: points multiplication, availability of a physical channel that offers various banking services, and extended business hours. Banrisul relies on an Ombudsman to solve customers’/users’ complaints when primary service channels do not answer satisfactorily, as their last resort. Through this channel, 4,810 complaints were received in 2022, of which 1,408 referred to protocols registered in the Ombudsman channel, including letters answered, 1,341 referred to complaints registered at Bacen, and 2,061 from the Procon (Consumer Protection and Defense Program).

Digital Channels

In 2022, Internet Banking (Home & Office Banking) and Mobile Banking (My Account, Affinity, and Office App), accessed via Banrisul App, including PIX transactions, recorded 546 million accesses.

In 2022, Banrisul App made available a Limit Management service, signature of loans, foreign exchange agreements, also the possibility of registering favorite accounts for Pix transactions. During the same period, the monitoring Antifraud System started operating, also the challenge of credit card transactions not acknowledged by customers and the distribution of limits allocated to additional cards, besides the channel restriction to activate a virtual card to access the Banrisul App, wherein customers over 60 years of age must contact Banrifone to confirm their request. Banrisul App also made available a new marketplace for online shopping, the Banrishopping, and new services for sale poll members. The Office Mobile layout was upgraded and improvements were set to access the App services.

Banrisul Group Operating Segments

Banrisul Pagamentos (Cards)

The trade name was created in August/2022 when the corporate name changed from Banrisul Cartões S.A. to Banrisul Soluções em Pagamentos S.A. – Instituição de Pagamento to better communicate its products and services and broaden the payment solutions future possibilities.

In November 2022, Banrisul Pagamentos received CVM (Brazilian Securities and Exchange Commission)’s approval concerning its request for Deregistering as an Issuer (Category A), now becoming a closely-held company.

Banrisul Pagamentos manages the Vero acquiring network, the issue of benefits cards Banricard business cards, relying on 133.8 thousand active accredited merchants and 5.8 thousand active agreements, respectively, in December 2022.

Banrisul Administradora de Consórcios (Sales Poll Groups)

Banrisul S.A. Administradora de Consórcios has 79.0 thousand Sales Poll Group members (quotas) and manages Sales Poll Groups for the acquisition of goods in the movable property, real estate, and services sectors, as an alternative asset acquisition, automating workflows and entering into partnerships. Since 2020, the company’s sales methodology implemented has been contributing to ramping up the portfolio, sustaining performance rates, and supporting the branches network with specialized simulation services, with a focus on quick draws.

In 2022, the sales force increased with partners: BANESE (Banco do Estado do Sergipe S/A) Administradora e Corretora de Seguros Ltda, WP2 Corretora de Seguros Ltda (WIZ), and AUDAC Serviços Especializados de Atendimento ao Cliente Ltda., enabling expansion in the country, also stepping up Banrisul brand beyond the state of Rio Grande do Sul.

Banrisul Seguridade Participações (Insurance)

Banrisul Seguridade Participações S.A. operates in the insurance market, private pension plans, and savings bonds at Banrisul’s channels, through its subsidiary Banrisul Corretora de Seguros S.A. (brokerage house).

Banrisul Corretora de Valores Mobiliários e Câmbio (Brokerage House)

Banrisul S.A. Corretora de Valores Mobiliários e Câmbio operates in the capital markets as a broker in equities transactions on the spot, options, forward and futures markets, private fixed income and public fixed income (Direct Treasury),alongwith B3 S.A. - Brasil, Bolsa, Balcão, also as Banrisul conglomerate’s asset management company – fixed income, equities and multimarket. Therefore, the Institution holds a portfolio of products, which coupled with qualified technical support services, contributes to investment diversification.

History

Banco do Estado do Rio Grande do Sul S.A. was founded in 1928. The company was incorporated in 1928.