FAQ

The BANCO DO ESTADO DO RIO GRANDE DO SUL S.A., in short ‘BANRISUL’, is a mixed- capital company constituted as a Corporation (Sociedade Anônima) on September 12, 1928, according to State Law 459 of June 18, 1928.

Banrisul’s share capital is divided into 408,974,477 (four hundred and eight million, nine hundred and seventy-four thousand, four hundred and seventy-seven) shares with no par value.

Banrisul has common, class A and B preferred shares. Both Common shares and Preferred shares are issued in registered form.

Banrisul’s shares trade under the tickers BRSR3, BRSR5 and BRSR6.

The Class B Preferred share under the BRSR6 ticker is the most traded among the shares issued by Banrisul.

Article 85 of the Company’s Bylaws provides in a possible operation that the acquirer of control is obliged to formulate, within a maximum period of 90 (ninety) days, a public offer for the acquisition of the shares of the other shareholders, assuring them the price at least equal to 100% (one hundred percent) of the amount paid per share with voting rights, part of the control block, in order to ensure equal treatment to the seller.

The remuneration policy for shareholders is one of the Company’s institutional policies and considers the possibility of distributing results above the minimum provided for in the legislation, observing Banrisul’s needs and capital structure. Since 2008, it has been our practice to distribute 40% of the Bank’s results to shareholders, with the exception of the fiscal year 2020, as due to the pandemic of COVID19 this percentage has been reduced to the level of 30%, according to a specific BACEN resolution on the subject.