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The past and future of the bank of Gaúchos


Balance sheet of the Week - Banrisulīs Net Income ( Jornal NH - 17.08.2007 - page 2)

The impressive results obtained by Banco Banrisul in the first half of 2007 in which it posted net income of R$ 725 million, a massive 283.9% growth in relation to the same period last year.

The past and future of the bank of Gaúchos (Jornal da Noite - August 2007 − cover story)

The government of Rio Grande do Sul state started trading of Banrisulīs shares at the São Paulo Stock Exchange (Bovespa) at 9:30 am on July 31. The governor Yeda Crusius and the CEO of Banrisul, Fernando Lemos took part in the event, which signaled the migration of the bankīs shares to Level 1 of Corporate Governance. Live coverage of the event was provided by the TV station Piratini. According to the state finance secretary Aod Cunha, the price per Banrisul share was fixed at R$ 12 and the entire offering of R$ 2.086 billion was placed in the market for institutional and retail investors, pursuant to the notice to the market published on July 25. According to Fernando Lemos, the offering was a success and funds raised from the sale of Banrisulīs preferred shares held by the state treasury will be allocated to the stateīs two social security accounts. As a tribute to the capital increase process at Banrisul, the bank of Gaúchos , we reproduce here one of the bankīs first securities in our records. These securities, representing 10 shares, were signed by the first chairman Firmino Paim Filho in 1928, the year the bank was born, for a value of R$500,000.

Daily Summary is prepared by the Press Relations Department

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