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Banrisul Net Income in September grows 32% in 12 Months

Banrisul Net Income in September grows 32% in 12 Months

Net Income totaled R$677.7 million Year-to-Date

Banrisul recorded net income of R$677.7 million in the first nine months of the year, an increase of 32.5% over the net income recorded in 9M10. 3Q11’s net income reached R$239.2 million, up 15.9% over the third quarter last year. The Bank‘s performance from January to September 2011 demonstrated the upward trend of credit growth.

With a loan portfolio of R$19.6 billion in September 2011, the balance exceeds by 21% the amount recorded in the same month of 2010. Commercial credit to individuals, with a balance of R$83. Billion in September 2011, increased 15.4% in 12 months. On the other hand, the corporate commercial credit reached R$6.6 billion in 3Q11, an increase of 24.2% in 12 months.

By the end of September 2011, shareholders’ equity reached R$4.3 billion, up 14.7% over the amount recorded in September 2010. Total assets of R$36.5 billion in 3Q11 increased 13% over September 2010. Funds raised and managed totaled R$27.5 billion at September 2011, an increase of 14.2% over the amount recorded in the same month last year.

The efficiency ratio reached 44.4%. The consistent improvement in the cost/income ratio reflects the financial margin, supported by the increase of credit, treasury and services revenues, absorbing administrative costs.


Alexandre Pedro Ponzi
Head of Investor Relations
Telephone: +55 (51) 3215-3232

Contact IR

Phone: +55 51 3215-3232

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