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Shareholders' equity (Tables)
12 Months Ended
Dec. 31, 2018
Shareholders' equity (Tables) [Abstract]  
Capital stock, fully subscribed and paid, is divided into registered book-entry shares with no par value

The capital stock, fully subscribed and paid, is divided into registered book-entry shares with no par value.

 

 

 

 

Thousand of shares

 

 

 

2018

 

2017

 

 

 

 

 

Common

Preferred

Total

 

Common

 

Preferred

 

Total

 

Brazilian residents

 

 

 

82,043

107,699

189,742

 

66,207

 

91,779

 

157,986

 

Foreign residents

 

 

 

3,736,652

3,572,137

7,308,789

 

3,752,488

 

3,588,057

 

7,340,545

 

Total shares

 

 

 

3,818,695

3,679,836

7,498,531

 

3,818,695

 

3,679,836

 

7,498,531

 

(-) Treasury shares

 

 

 

(13,317)

(13,317)

(26,634)

 

(5,845)

 

(5,845)

 

(11,690)

 

Total outstanding

 

 

 

3,805,378

3,666,519

7,471,897

 

3,812,850

 

3,673,991

 

7,486,841

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thousand of shares

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

Common

 

Preferred

 

Total

 

Brazilian residents

 

 

 

 

 

 

 

67,498

 

92,949

 

160,447

 

Foreign residents

 

 

 

 

 

 

 

3,783,473

 

3,619,163

 

7,402,636

 

Total shares

 

 

 

 

 

 

 

3,850,971

 

3,712,112

 

7,563,083

 

(-) Treasury shares

 

 

 

 

 

 

 

(25,786)

 

(25,786)

 

(51,572)

 

Total outstanding

 

 

 

 

 

 

 

3,825,185

 

3,686,326

 

7,511,511

 

b) Dividends and Interest on Capital

Mandatory dividend

Prior to the annual shareholders meeting, the Board of Directors may resolve on the declaration and payment of dividends on earnings based on (i) financial statements or earning reserves shown in the last financial statement; or (ii) financial statements issued in the period shorter than 6 months, since the total dividends paid in each half of the fiscal year shall do not exceed the amount of capital reserves. These dividends are fully attributed to the mandatory dividend.

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

Thousand of reais

 

Real per Thousand Shares / Units

 

 

 

 

 

 

 

Common

 

Preferred

 

Units

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Capital (1) (6)

 

 

 

 

 

600,000

 

76.3304

 

83.9634

 

160.2938

Intercalary Dividends (2) (6)

 

 

 

 

 

600,000

 

76.4956

 

84.1451

 

160.6407

Interest on Capital (3) (6)

 

 

 

 

 

600,000

 

76.4985

 

84.1484

 

160.6469

Interest on Capital (4) (6)

 

 

 

 

 

2,880,000

 

367.4149

 

404.1564

 

771.5713

Intercalary Dividends (5) (6)

 

 

 

 

 

1,920,000

 

244.9433

 

269.4376

 

514.3809

Total

 

 

 

 

 

6,600,000

 

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)   Established by the Board of Directors in March 27, 2018, Common Shares - R$64.8808, preferred - R$71.3689  e Units - R$136.2497 net of taxes and were be paid in April 26, 2018, without any remuneration for monetary restatement.

(2)   Established by the Board of Directors in June 2018, and were be paid on July 27, 2018 without any compensation as monetary correction.

(3)   Established by the Board of Directors in September 28, 2018, Common Shares - R$65.0237, preferred - R$71.5261 e Units - R$136.5498  net of taxes and were be paid in October 26, 2018, without any remuneration for monetary restatement.

(4)   Established by the Board of Directors in December 28, 2018, Common Shares - R$312.3027, preferred - R$343.5329 e Units - R$655.8356 net of taxes and will be paid in February 26, 2019, without any remuneration for monetary restatement.

(5)   Established by the Board of Directors in December 28, 2018, and will be paid on February 26, 2019 without any compensation as monetary correction.

(6)   The amount of interest on stockholders' equity will be fully charged to the mandatory minimum dividends to be distributed by the Bank for the year 2018.

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

Thousand of reais

 

Real per Thousand Shares / Units

 

 

 

 

 

 

 

Common

 

Preferred

 

Units

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Capital (1) (6)

 

 

 

 

 

500,000

 

63.3780

 

69.7158

 

133.0938

Interest on Capital (2) (6)

 

 

 

 

 

500,000

 

63.5280

 

69.8808

 

133.4088

Interest on Capital (3) (6)

 

 

 

 

 

500,000

 

63.5917

 

69.9509

 

133.5426

Intercalary Dividends (4) (6)

 

 

 

 

 

2,500,000

 

318.2994

 

350.1293

 

668.4287

Interest on Capital (5) (6)

 

 

 

 

 

2,300,000

 

292.8354

 

322.1190

 

614.9544

Total

 

 

 

 

 

6,300,000

 

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Established by the Board of Directors in April 2017, Common Shares -  R$53.8713, preferred - R$59.2584 and Units - R$113.1297 net of taxes, and was paid on May 26, 2017 without any compensation as monetary correction.

(2) Established by the Board of Directors in July 2017, Common Shares -  R$53.9988, preferred - R$59.3987 and Units - R$113.3975 net of taxes, and was paid on August 25, 2017 without any compensation as monetary correction.

(3) Established by the Board of Directors in September 2017, Common Shares -  R$54.0530, preferred - R$59.4583 and Units - R$113.5113 net of taxes, and was paid  on October 26, 2017 without any compensation as monetary correction.

(4) Established by the Board of Directors in December 2017, and was paid  on  February 26, 2018 without any compensation as monetary correction.

(5) Established by the Board of Directors in December 2017, Common Shares - R$248.9101, preferred  - R$273.8011 and Units - R$522.7112  net of taxes, was paid  on  February 26, 2018 without any compensation as monetary correction..

(6) The amount of interest on shareholders' equity and interim dividends was fully charged to the mandatory dividends for the year 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

Thousand of reais

 

Reais per Thousand Shares / Units

 

 

 

 

 

 

 

Common

 

Preferred

 

Units

 

 

 

 

 

 

 

 

 

 

 

 

 

Intercalary Dividends  (1) (5)

 

 

 

500,000

 

63.4290

 

69.7719

 

133.2009

Intermediary Dividends  (2) (5)

 

 

 

700,000

 

88.8309

 

97.7140

 

186.5449

Intercalary Dividends  (2) (5)

 

 

 

700,000

 

88.8309

 

97.7140

 

186.5449

Interest on Capital  (3) (5)

 

 

 

 

 

3,350,000

 

425.1192

 

467.6311

 

892.7503

Total

 

 

 

 

 

5,250,000

 

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Established by the Board of Directors in June 2016, Common Shares - R$53.9146, preferred - R$59.3061 and Units - R$113.2207 net of taxes.

(2) Established by the Board of Directors in December 2016.

(3) Established by the Board of Directors in December 2016, Common Shares- R$361.3513, preferred - R$397.4864 and Units - R$758.8377 net of taxes.

(4) 'The amount of the interest on capital were fully input into the mandatory dividends for the year 2016 and were be paid  from August 26, 2016 without any compensation

 as monetary correction.

(5) The amount of intermediate, intercalary dividends and interest on capital will be fully attributed to supplementary and mandatory dividends for the year 2016 and was

paid on February 23, 2017, without any compensation to the restatement.

 

Buyback Program

The Buyback has the purpose to (1) maximize the value creation to stockholders by means of an efficient capital structure management; and (2) enable the payment of officers, management level employees and others Bank's employees and companies under its control, according to the Long Term Incentive Plans. The term of the Buyback Program is 12 months counted from November 6, 2018, and will expire on November 5, 2019.

 

 

 

 

 

 

2018

 

2017

 

 

 

 

 

2016

 

 

 

 

Quantity

 

Quantity

 

 

 

Quantity

 

 

 

 

Units

 

Units

 

 

 

Units

 

ADRs

Treasury shares at beginning of the period

 

 

 

1,773

 

25,786

 

 

 

7,080

 

13,138

Shares Acquisitions

 

 

 

15,816

 

12,768

 

 

 

14,284

 

-

Cancellation of Shares (1)(2)(3)

 

 

 

-

 

(32,276)

 

 

 

13,138

 

(13,138)

Payment - Share-based compensation

 

 

(4,272)

 

(4,505)

 

 

 

(8,716)

 

-

Treasury shares at end of the period

 

 

13,317

 

1,773

 

 

 

25,786

 

-

Balance of Treasury Shares in thousand of reais (2)

 

 

R$ 460,550

 

R$ 148,246

 

 

 

R$ 513,889

 

R$ 0


Issuance Costs in thousands of Reais

 

 

R$ 882

 

R$ 194

 

 

 

R$ 145

 

R$ 0

Balance of Treasury Shares in thousands of reais

 

 

R$ 461,432

 

R$ 148,440

 

 

 

R$ 514,034

 

R$ 0

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost/Share Price

 

 

 

Units

 

Units

 

 

 

Units

 

ADRs

Minimum cost

 

 

 

R$7.55

 

R$7.55

 

 

 

R$7.55

 

US$ 4,37

Weighted average cost

 

 

 

R$28.59

 

R$24.41

 

 

 

R$19.93

 

US$ 6,17

Maximum cost

 

 

 

R$43.84

 

R$32.29

 

 

 

R$26.81

 

US$ 10,21

Share Price

 

 

 

R$42.70

 

R$31.88

 

 

 

R$28.32

 

US$ 8,58

(1) In January 2016 was the transformation of all ADRs that were held in treasury for UNIT's.