a) Breakdown
The breakdown, by classification, of the balances of “Loans and advances to clients” in the consolidated financial statements is as follows:
| Thousand of reais |
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
| Loans and receivables | 272,420,157 |
| 252,002,774 |
| 252,033,449 | |
| Of which: |
|
|
|
|
|
|
| Loans and receivables at amortized cost | 287,829,213 |
| 268,437,556 |
| 267,266,449 | |
| Impairment losses |
| -15,409,056 |
| (16,434,782) |
| (15,233,000) |
| Loans and advances to customers, net | 272,420,157 |
| 252,002,774 |
| 252,033,449 | |
| Loans and advances to customers, gross | 287,829,213 |
| 268,437,556 |
| 267,266,449 | |
| Thousand of reais | 2017 |
| 2016 |
| 2015 | |
| Type: |
|
|
|
|
|
|
| Loans operations (1) |
| 272,561,017 |
| 257,256,452 |
| 257,671,667 |
| Lease Portfolio |
| 1,888,444 |
| 2,092,882 |
| 2,126,210 |
| Repurchase agreements | 403,415 |
| 308,483 |
| 517,536 | |
| Other receivables (2) |
| 12,976,337 |
| 8,779,739 |
| 6,951,036 |
| Total |
| 287,829,213 |
| 268,437,556 |
| 267,266,449 |
(1) Includes loans and other loans with credit characteristics.
(2) Refers substantially to Foreign Exchange Transactions and Other Receivables with credit granting characteristics.
Note 45-d contains a detail of the residual maturity periods of loans and receivables.
There are no loans and advances to clients for material amounts without fixed maturity dates.
b) Detail
Following is a detail, by loan type and status, borrower sector and interest rate formula, of the loans and advances to clients, which reflect the Bank's exposure to credit risk in its core business, gross of impairment losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
| Loan borrower sector: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Commercial, and industrial |
|
|
|
|
|
|
|
|
| 140,619,110 |
| 140,992,900 |
| 150,880,864 | ||
| Real estate-construction |
|
|
|
|
|
|
|
|
| 34,808,681 |
| 36,650,011 |
| 36,851,879 | ||
| Installment loans to individuals |
|
|
|
|
|
|
|
|
| 110,512,978 |
| 88,701,763 |
| 77,407,496 | ||
| Lease financing |
|
|
|
|
|
|
|
|
|
|
| 1,888,444 |
| 2,092,882 |
| 2,126,210 |
| Total (1) |
|
|
|
|
|
|
|
|
|
|
| 287,829,213 |
| 268,437,556 |
| 267,266,449 |
(1) It includes commercial credit, secured loans, reverse repurchase agreements, finance leases, other term loans and impaired assets.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
| Interest rate formula: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Fixed interest rate |
|
|
|
|
|
|
|
|
|
|
| 202,592,491 |
| 178,231,509 |
| 173,018,504 |
| Floating rate |
|
|
|
|
|
|
|
|
|
|
| 85,236,722 |
| 90,206,047 |
| 94,247,945 |
| Total |
|
|
|
|
|
|
|
|
|
|
| 287,829,213 |
| 268,437,556 |
| 267,266,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2017 |
|
| Debt Sector by Maturity |
| Less than 1 year |
| % of total |
| Between 1 and 5 years |
| % of total |
| More than 5 years |
| % of total |
| Total |
| % of total |
|
|
|
|
|
|
|
|
|
|
| |||||||||
| Commercial and industrial |
| 103,377,571 |
| 59.33% |
| 31,262,492 |
| 37.89% |
| 5,979,047 |
| 19.25% |
| 140,619,110 |
| 48.85% | |
| Real estate |
| 7,791,753 |
| 4.47% |
| 10,970,004 |
| 13.29% |
| 16,046,924 |
| 51.65% |
| 34,808,681 |
| 12.09% |
|
| Installment loans to individuals |
| 62,078,225 |
| 35.63% |
| 39,393,699 |
| 47.74% |
| 9,041,054 |
| 29.10% |
| 110,512,978 |
| 38.40% | |
| Lease financing |
| 1,000,418 |
| 0.57% |
| 886,833 |
| 1.07% |
| 1,193 |
| 0.00% |
| 1,888,444 |
| 0.66% |
|
| Loans and advances to customers, gross | 174,247,967 |
| 100.00% |
| 82,513,028 |
| 99.99% |
| 31,068,218 |
| 100.00% |
| 287,829,213 |
| 100.00% |
| |
|
|
|
|
|
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2016 |
|
| Debt Sector by Maturity |
| Less than 1 year |
| % of total |
| Between 1 and 5 years |
| % of total |
| More than 5 years |
| % of total |
| Total |
| % of total |
|
|
|
|
|
|
|
|
|
|
| |||||||||
| Commercial and industrial |
| 99,657,024 |
| 61.65% |
| 35,789,118 |
| 45.10% |
| 5,546,758 |
| 20.23% |
| 140,992,900 |
| 52.52% | |
| Real estate |
| 8,648,702 |
| 5.35% |
| 11,761,420 |
| 14.82% |
| 16,239,889 |
| 59.23% |
| 36,650,011 |
| 13.65% |
|
| Installment loans to individuals |
| 52,205,927 |
| 32.29% |
| 30,867,880 |
| 38.90% |
| 5,627,956 |
| 20.53% |
| 88,701,763 |
| 33.05% | |
| Lease financing |
| 1,152,579 |
| 0.71% |
| 937,951 |
| 1.18% |
| 2,352 |
| 0.01% |
| 2,092,882 |
| 0.78% |
|
| Loans and advances to customers, gross | 161,664,232 |
| 100.00% |
| 79,356,369 |
| 100.00% |
| 27,416,955 |
| 100.00% |
| 268,437,556 |
| 100.00% |
| |
|
|
|
|
|
|
|
|
| ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less than 1 year |
|
|
|
|
|
|
|
|
|
|
| 174,247,968 |
| 161,664,232 |
| 116,555,381 |
| Between 1 and 5 years |
|
|
|
|
|
|
|
|
| 82,513,030 |
| 79,356,369 |
| 104,563,829 | ||
| More than 5 years |
|
|
|
|
|
|
|
|
|
|
| 31,068,215 |
| 27,416,955 |
| 46,147,239 |
| Loans and advances to customers, gross |
|
|
|
|
|
|
| 287,829,213 |
| 268,437,556 |
| 267,266,449 | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Internal risk classification |
|
|
|
|
|
|
|
|
|
| ||||||
| Low |
|
|
|
|
|
|
|
|
|
|
| 226,098,497 |
| 207,889,639 |
| 211,645,464 |
| Medium-low |
|
|
|
|
|
|
|
|
|
|
| 33,635,378 |
| 32,104,168 |
| 29,500,791 |
| Medium |
|
|
|
|
|
|
|
|
|
|
| 10,423,293 |
| 10,940,879 |
| 8,638,914 |
| Medium - high |
|
|
|
|
|
|
|
|
|
|
| 8,215,024 |
| 6,976,969 |
| 8,552,474 |
| High |
|
|
|
|
|
|
|
|
|
|
| 9,457,021 |
| 10,525,901 |
| 8,928,806 |
| Loans and advances to customers, gross |
|
|
|
|
|
|
|
|
|
|
| 287,829,213 |
| 268,437,556 |
| 267,266,449 |
c) Impairment losses
The changes in the allowances for the impairment losses on the balances of “Loans and receivables” were as follows:
|
|
| |||||
| Thousand of reais |
| 2017 |
| 2016 |
| 2015 |
|
|
| |||||
| Balance at beginning of year |
| 18,191,126 |
| 15,411,759 |
| 13,562,811 |
| Impairment losses charged to income for the year | 13,492,072 |
| 14,383,935 |
| 13,723,179 | |
| Of which: |
| |||||
| Commercial and industrial |
| 5,499,018 |
| 6,523,051 |
| 6,634,110 |
| Real estate-construction |
| 471,366 |
| 369,431 |
| 91,196 |
| Installment loans to individuals |
| 7,460,458 |
| 7,616,819 |
| 6,765,541 |
| Lease financing |
| 61,230 |
| -125,366 |
| 232,332 |
| Write-off of impaired balances against recorded impairment allowance | -13,421,560 |
| (11,604,568) |
| (11,874,231) | |
| Of which: |
| |||||
| Commercial and industrial |
| -5,715,903 |
| (4,553,166) |
| (4,953,324) |
| Real estate-construction |
| (341,804) |
| -189,625 |
| -77,412 |
| Installment loans to individuals |
| -7,312,310 |
| (6,810,997) |
| (6,621,809) |
| Lease financing |
| (51,543) |
| -50,780 |
| -221,686 |
| Balance at end of year |
| 18,261,638 |
| 18,191,126 |
| 15,411,759 |
| Of which: |
| |||||
| Loans and advances to customers |
| 15,409,056 |
| 16,434,782 |
| 15,233,000 |
| Loans and amounts due from credit institutions (Note 6) | 69,015 |
| 201,441 |
| 178,759 | |
| Provision for Debt Instruments (Note 7) | 2,783,567 |
| 1,554,903 |
| - | |
| ecoveries of loans previously charged off | 1,153,931 |
| 994,101 | 757,320 | ||
| Of which: |
|
|
| |||
| Commercial and industrial |
| 412,514 |
| 562,393 | 293,668 | |
| Real estate-construction |
| 209,940 |
| 102,826 | 86,360 | |
| Installment loans to individuals |
| 521,589 |
| 314,422 | 348,090 | |
| Lease financing |
| 9,888 |
| 14,460 | 29,202 | |
Taking into account these amounts recognized in “Impairment losses charged to income for the year” and the "Recoveries of loans previously charged off", the "Impairment losses on financial assets - Loans and receivables” amounted on December 31, 2017 R$12,338,141 (2016 - R$13,389,834 e 2015 - R$12,965,859).
The balances of the provision for losses due to non-recovery by debtor sector are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Commercial and industrial |
|
|
|
|
|
|
|
|
| 10,338,225 |
| 10,555,109 |
| 8,585,225 | |||
| Real estate -construction |
|
|
|
|
|
|
|
|
|
|
| 493,422 |
| 363,859 |
| 184,053 | |
| Installment loans to individuals |
|
|
|
|
|
|
|
|
| 7,373,969 |
| 7,225,822 |
| 6,420,000 | |||
| Lease financing |
|
|
|
|
|
|
|
|
|
|
| 56,022 |
| 46,336 |
| 222,481 | |
| Total |
|
|
|
|
|
|
|
|
|
|
| 18,261,638 |
| 18,191,126 |
| 15,411,759 | |
d) Impaired assets
The details of the changes in the balance of the financial assets classified as “Loans and receivables - loans and advances to clients” (as defined at Note 1.i) and considered to be impaired due to credit risk are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
|
|
|
|
|
| 18,887,132 |
| 18,599,379 |
| 14,011,225 | ||
| Net additions |
|
|
|
|
|
|
|
|
|
|
| 13,679,423 |
| 11,892,321 |
| 16,462,385 |
| Written-off assets |
|
|
|
|
|
|
|
|
|
|
| (13,421,560) |
| (11,604,568) |
| (11,874,231) |
| Balance at end of year |
|
|
|
|
|
|
|
|
| 19,144,995 |
| 18,887,132 |
| 18,599,379 | ||
Following is a detail of the financial assets considered to be impaired classified by age of the oldest past-due amount:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| With no Past-Due Balances or Less than 3 Months Past Due |
|
|
|
|
|
|
| 10,844,831 |
| 10,550,548 |
| 10,307,442 | ||||
| With Balances Past Due by |
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| 3 to 6 Months |
|
|
|
|
|
|
|
|
|
|
| 4,123,796 |
| 2,983,575 |
| 3,763,466 |
| 6 to 12 Months |
|
|
|
|
|
|
|
|
|
|
| 3,791,805 |
| 4,921,527 |
| 4,186,323 |
| 12 to 18 Months |
|
|
|
|
|
|
|
|
|
|
| 271,965 |
| 339,596 |
| 265,407 |
| 18 to 24 Months |
|
|
|
|
|
|
|
|
|
|
| 20,825 |
| 53,578 |
| 20,045 |
| More than 24 Months |
|
|
|
|
|
|
|
|
|
|
| 91,773 |
| 38,308 |
| 56,696 |
| Total |
|
|
|
|
|
|
|
|
|
|
| 19,144,995 |
| 18,887,132 |
| 18,599,379 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Sector |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
|
|
|
|
|
|
|
|
| 11,993,953 |
| 11,628,655 |
| 10,748,644 | ||
| Real estate - Construction |
|
|
|
|
|
|
|
|
| 781,886 |
| 718,514 |
| 828,966 | ||
| Installment loans to individuals |
|
|
|
|
|
|
|
|
| 6,304,134 |
| 6,487,717 |
| 6,970,241 | ||
| Lease financing |
|
|
|
|
|
|
|
|
|
|
| 65,022 |
| 52,246 |
| 51,528 |
| Total |
|
|
|
|
|
|
|
|
|
|
| 19,144,995 |
| 18,887,132 |
| 18,599,379 |
e) Loan past due for less than 90 days but not classified as impaired
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
| 2017 |
| % of total loans past due for less than 90 days |
| 2016 |
| % of total loans past due for less than 90 days |
| 2015 |
| % of total loans past due for less than 90 days | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial and industrial |
| 3,559,349 |
| 19.90% |
| 4,141,349 |
| 23.79% |
| 5,072,197 |
| 24.27% | ||||
| Real estate - Construction |
|
|
| 4,879,563 |
| 27.29% |
| 5,201,709 |
| 29.88% |
| 7,551,584 |
| 36.13% | ||
| Installment loans to individuals |
| 9,266,366 |
| 51.82% |
| 7,957,294 |
| 45.71% |
| 8,235,699 |
| 39.40% | ||||
| Financial Leasing |
|
| 176,528 |
| 0.99% |
| 108,607 |
| 0.62% |
| 41,013 |
| 0.20% | |||
| Total (1) |
|
|
|
|
| 17,881,806 |
| 100.00% |
| 17,408,959 |
| 100.00% |
| 20,900,493 |
| 100.00% |
f) Lease at present value
As at December 31, 2017, 2016 and 2015 there were no material agreements for lease contracts.
Breakdown by maturity
Gross investment in lease transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Overdue |
|
|
|
|
|
|
|
|
|
|
| 11,412 |
| 16,051 |
| 21,127 |
| Due to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Up to 1 year |
|
|
|
|
|
|
|
|
|
|
| 1,057,023 |
| 1,207,473 |
| 1,241,798 |
| From 1 to 5 years |
|
|
|
|
|
|
|
|
|
|
| 1,101,104 |
| 1,190,844 |
| 1,184,418 |
| Over 5 years |
|
|
|
|
|
|
|
|
|
|
| 2,177 |
| 4,079 |
| 6,078 |
| Total |
|
|
|
|
|
|
|
|
|
|
| 2,171,716 |
| 2,418,447 |
| 2,453,421 |
g) Transfer of financial assets with retention of risks and benefits
On December 31, 2017, the amount recorded on “Loans and advances to clients” related to loan portfolio assigned is R$431,397 (2016 - R$783,967 and 2015 - R$202,113), and R$428,248 (2016 - R$774,673 and 2015 - R$190,333 ) of “Other financial liabilities - Financial Liabilities Associated with Assets Transfer” (Note 22).
The foregoing transfer was conducted with a recourse clause and the mandatory repurchase is provided for in the following events:
- agreements in default for longer than 90 consecutive days;
- agreements under renegotiation;
- agreements subject to portability pursuant to Resolution 3,401 of the Brazilian Monetary Council (CMN);
- agreements subject to rights of intervention by certain parties to the contract.