Banrisul's profit falls 3,9%

Banrisul accumulated a net profit of R$ 602,7 million in the first nine months of 2013, 3,9% lower compared to the same period in 2012. This result corresponds to an annual return of 17% calculated on average equity. The performance during this period reflects a context of lower revenue and financial expenses, in line with the banking market, which was partially offset by increased revenue from businesses such as merchant acquiring, credit card issuance, insurance, and capitalization.

Banrisul's loan portfolio totaled R$ 26 billion in September 2013, a 9,4% increase compared to the same month in 2012. In the first nine months of 2013, the most notable increase was in loans to individuals, with an increase of R$ 656,5 million, and to housing loans, with growth of R$ 354,9 million.

During this period, Banrisul's net worth reached R$ 5 billion, an increase of 5,6% compared to the amount recorded in September 2012. The bank's total assets reached R$ 53,5 billion in September 2013, 19,7% higher than that recorded in the same month of 2012. Funds raised reached a balance of R$ 33,4 billion at the end of September 2013, a volume 25,5% higher than the amount recorded in the same month of the previous year.

Banrisul also expanded its service network by opening 35 new branches from January to September 2013. In total, there are 1.323 points of service covering 98,4% of the state's population. The institution also has a presence in Santa Catarina, with 27 branches, and in the main capital cities of the country.

For more detailed information on the financial statements for the first nine months of 2013, please visit www.banrisul.com.br/ri.

Banrisul Press Office