About the Company

Banrisul mission is to be the most important financial agent within Rio Grande do Sul, helping promote the economic and social development of the State, the Banco do Rio Grande do Sul S.A., founded in 1928, the Bank is the most remembered brand in RS state in 2019 by Top Of Mind survey, promoted by Revista Amanhã. Banrisul is among the 100 biggest bank in Brazil on the Finance Ranking, 2018 edition on Valor 1000 yearbook. The institution was classified, yet, among the 20 biggest banks in credit operations, total deposits, equity, net income, among other indicators.

We are listed on B3 – Brasil, Bolsa, Balcão – traditional segment, with tickers BRSR6, BRSR5 e BRSR3. Besides that, it’s part of Group Banrisul, the Banco do Estado do Rio Grande do Sul S.A., Banrisul S.A. Administradora de Consórcios, Banrisul S.A. Corretora de Valores Mobiliários e Câmbio, Banrisul Armazéns Gerais S.A., Banrisul Cartões S.A., Bem Promotora de Vendas e Serviços S.A. and Banrisul Icatu Participações S.A, as follows:

 

Banrisul S.A. Administradora de Consórcios

Banrisul Consórcios manages sales pool groups for the acquisition of vehicles, trucks, motorcycles, real estate properties and services. Seeking to offer customers alternatives for the acquisition of goods or services, the Bank sells real estate consortia groups with maturities of up to 186 months and vehicles consortia up to 72 months. In the real estate segment, letters of credit can be used for housing construction, remodeling and enlargement, as well as for the acquisition of new properties, land, parking space and commercial rooms.

 

Banrisul S.A. Corretora de Valores Mobiliários e Câmbio

The broker company operates with stocks, options, forward and future markets, private and public issued (treasury direct – for the trading of market offered federal securities and bonds) fixed income products, and is responsible for the management of the Banrisul’s Assets Under Management portfolios, offering investment solutions and assets with quality and security, providing technical support to customers, helping them identify the best capital market opportunities.

 

Banrisul Armazéns Gerais S/A.

Banrisul Armazéns Gerais S.A. is a subsidiary which operates as dry dock (Grantee of the Brazilian federal revenue service, providing storage and logistics services to the public in general), general warehouse facility and in Electronic Document Management, Storage and Scanning.

 

Banrisul Cartões S/A.

Banrisul Cartões operates in two product lines: (i) Vero Acquiring Network, which contemplates accreditation, capture, transmission, processing and financial liquidation of transactions performed with Banricompras Card, BanriCard, Visa, MasterCard, Elo, VerdeCard and VR Benefits Cards; and (ii) BanriCard Benefits and Business Cards, which embrace the issuance of pre and postpaid cards, managed through signed covenants. The main source of revenues for Banrisul Cartões comes from the discount rate (MDR) discounted from commercial establishments over the volume performed on Vero’s acquiring network, which is composed by the Accreditation Rate, Issuers Rate (interchange) and the Card Issuers Rate. Also from the Vero Acquiring Network, it is highlighted the revenues from monthly payments, equipment rental and connectivity. Regarding the BanriCard Benefits and Business Cards, the main revenues are from the reimbursement rate charged from commercial establishments over volume performed and the management rate charged from signed companies.

 

Banrisul Seguridade participações S/A.

In June 2020, the Banrisul’s wholly-owned subsidiary Banrisul Seguridade Participações S.A. (Seguridade) holding was created, following the restructuring of the insurance business, and aiming at maximizing the distribution and the amount of insurance products, pension plans and capitalization bonds. Banrisul Seguridade will be the full parent company of Banrisul Corretora de Seguros S.A., a company in structuring phase yet.

 

Bem Promotora de Vendas e Serviços S/A.

Bem Promotora de Vendas e Serviços, of which Banrisul owns 49.9% of the capital, acts as originator of payroll loans offered to INSS retirees and pensioners and federal civil servants. The balance of Banrisul’s credit transactions originated through Bem’s payroll loan platform reached R$6,075.3 million in June 2020. Bem Promotora ended the first half of 2020 with a net income of R$16.8 million.

 

Banrisul Icatu Participações S/A.

Being part of the economic group of Banrisul Icatu Participações S.A. (BIPAR), with Banrisul holding a stake of 49.9% of its capital, Rio Grande Seguros e Previdência S.A. has exclusive rights for the sale of life insurance and private pension plans utilizing Banrisul’s commercial channels. On December 20, 2017, Banrisul entered into an investment agreement with Icatu Seguros S.A. (“Icatu”) in order to establish a strategic partnership between Banrisul and Icatu, consisting of the creation of a new company that will have exclusive rights for the offering of capitalization products within Banrisul’s distribution channels for 20 years. The objective of the partnership is to place Banrisul in a prominent position in the commercialization of these products in the state of Rio Grande do Sul and the Southern Region of Brazil, diversifying and increasing sources of revenue.