financial management analysis

The following analysis should be read in conjunction with our audited consolidated financial statements and the corresponding explanatory notes; the analysis contains forward-looking information that involves risks and uncertainties. In this section, we discuss our operating results for the year ended December 31, 2020 compared to the year ended December 31, 2019.

análise financeira gerencial

results of operations​

The table below presents our summarized consolidated statement of income for the years ended December 31, 2020 and 2019. The interest rates cited are expressed in Brazilian reais and include the effect of the variation of the real against foreign currencies.

  • Icone Gráfico barra

    net income and ROE

    In R$ billion
    1. Recurring Managerial Return on Average Equity – Annualized – Consolidated

Graphics Net income and ROE

  • produto bancário

    operating revenues

    In R$ billion
    1. Includes: interest and similar income of financial assets, of dividend of financial assets, of expenses, of adjustments to fair value of financial assets and liabilities, of foreign exchange results and exchange variations in foreign transactions.
    2. Includes commissions and banking fees, income from insurance and pension plan operations before claim and selling expenses and other income.

Graphic Operating revenues

  • Lucro Líquido e ROE

    commissions and banking fees

    In R$ billion

graphic commissions and banking fees

  • produto bancário

    NPL ratio

    index – %
    1. relation between loans more than 90 days overdue and our loan portfolio
    2. relation between loans 15 to 90 days overdue and our loan portfolio

Graphic NPL ratio

  • Lucro Líquido e ROE

    balance sheet

    In R$ billion
    1. credit portfolio including financial guarantees provided and corporate securities

graphics balance sheet

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sustainable performance and ESG

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gestão de riscos e de capital

risk and capital management

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