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Debt Instruments Eligible to Compose Capital (Tables)

12 Months Ended

Dec. 31, 2018

Debt Instruments Eligible to Compose Capital (Tables) [Abstract]

Balance of Debt Instruments Eligible to Compose Capital

Details of the balance of "Debt Instruments Eligible to Compose Capital" for the issuance of such instruments to compose the Tier I and Tier II of regulatory capital due to the Regulatory Capital Optimization Plan (Note 28.e), are as follows:

						2018	2017	2016
	Issuance		Maturity	Issuance Value	Interest Rate (p.a.) ⁽³⁾
Tier I (1) ⁽⁵⁾	jan-14	no maturity (perpetual)		R$3,000	7.375%	-	4,187,531	4,125,557
Tier II^{(2) (5)}	jan-14		jan-24	R$3,000	6.000%	-	4,249,370	4,186,361
Tier I ⁽⁴⁾	nov-18	no maturity (perpetual)		US$1,250	7.250%	4,893,668	-	-
Tier II⁽⁴⁾	nov-18		nov-28	US$1,250	6.125%	4,886,276	-	-
Total						9,779,944	8,436,901	8,311,918

(1) Notes repurchased in 2019; As authorized by Bacen on December 17, 2018, as of the date of their issuance, Level I and II of RC must be excluded.

(2) Notes repurchased in 2019; As authorized by Bacen on December 17, 2018, as of the date of their issuance, Level I and II of RC must be excluded.

(3) The debts of January 2014 were made by Banco Santander in Brazil, therefore, as Income Tax at source assumed by the issuer, in the form of a corresponding exchange rate, is 8.676% and 7.059% for the instruments Level I and Level II, respectively. The emissions generated from November 2018 were made through the Cayman Agency and, consequently, there is no incidence of Income Tax at Source.

(4) Interest paid semiannually, as of May 8, 2019.

(5) On December 18, 2018, the Central Bank of Brazil issued the approval for the repurchase of the notes issued on January 29, 2014, this approval led to the reclassification of these instruments from the Debt Instruments Eligible to Compose Capital to Subordinated Debt (Note 19).

Changes in the balance of Debt Instruments Eligible to Compose Capital

Changes in the balance of "Debt Instruments Eligible to Compose Capital" in twelve-months period ended December 31, 2018, 2017 and 2016 were as follows

	2018	2017	2016
Balance at beginning of the year	8,436,901	8,311,918	9,959,037
Emission of interest - Tier I	4,673,875	-	-
Emission of interest - Tier II	4,673,875	-	-
Interest payment Tier I (1)	331,677	273,123	276,587
Interest payment Tier II (1)	272,539	222,065	225,161
Exchange differences / Others	1,960,467	252,941	(1,447,196)
Payments of interest - Tier I	(381,008)	(344,867)	(379,039)
Payments of interest - Tier II	(302,775)	(278,279)	(322,632)
Transfers	(9,885,607)	-	-
Balance at end of the year	9,779,944	8,436,901	8,311,918