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Banrisul Reaches Net Profit of R$741 million in 2010

Banrisul Reaches Net Profit of R$741 million in 2010

Credit Operations Totaled R$17 billion

Banrisul’s net profit in 2010 was R$741.2 million, 37.0% higher than the same period last year. The results correspond to an annualized return of 20.4% on the average equity. Last year’s performance reflects cost control, sustained credit growth and expansion of the base of services provided by the Bank.

By the end of December 2010, Banrisul’s shareholders’ equity reached R$3.9 billion, an increase of 13.1% over the amount recorded in December 2009 and an increase of 197.7% compared with December 2006. Total assets reached R$32.1 billion at the end of December 2010, an increase of 10.5% over December 2009.
With a loan book of R$17.0 billion at end-December 2010, the balance exceeds by 27.0% the amount in December 2009, and represents an increase of 167.9% in the last four years.

The commercial loan portfolio, with a balance of R$13.1 billion at the end of 4Q10, is responsible by 77.1% of total loans. The individual segment reached R$7.4 billion in December 2010, representing 43.4% of total loans, with an increase of 36.5% in the last twelve months. The corporate segment, with balance of R$5.7 billion in December 2010, amounts to 33.7% of the total loan portfolio, having grown 22.3% over the past 12 months.

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