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Notice to the Market - Compliance with Brazilian Central Bank’s Circular 3416

Notice to the Market - Compliance with Brazilian Central Bank’s Circular 3416

Banco do Estado do Rio Grande do Sul S/A - BANRISUL hereby informs the market of its decision to comply with Circular 3416 of October 24, 2008 of the Brazilian Central Bank (BACEN) relating to the spontaneous advance payment towards the Credit Guarantee Fund (FGC). This payment of around R$ 100,000,000.00 will be deducted from the compulsory reserve requirements on demand deposits, and represents an important contribution by the Bank to the measures being taken by Brazilian monetary authorities to preserve liquidity in the national financial system and other economic agents.

Ricardo Richiniti Hingel
Chief Financial and Investor Relations Officer
Banco do Estado do Rio Grande do Sul S.A. - Banrisul

To access the PDF document, please click here.


Contact IR

Phone: +55 51 3215-3232
E-mail: ri@banrisul.com.br

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