Investments In Associates And Joint Ventures

Jointly controlled and Significant Influence - Investments

			Investments
			2020	2019		2018
Jointly Controlled by Banco Santander			590,219	595,230		613,366
Banco RCI Brasil S.A.			544,236		509,890	458,292
Norchem Participações e Consultoria S.A.			-		21,078	26,105
Cibrasec - Companhia Brasileira de Securitização			-		-	7,298
Estruturadora Brasileira de Projetos S.A. - EBP			1,273		3,889	3,690
Gestora de Inteligência de Crédito			28,680		47,744	59,098
Campo Grande Empreendimentos			255		255	255
Banco Hyundai Capital Brasil S.A. (anteriormente denomina da BHJV Assessoria e Consultoria Empresarial Ltda,)		-			-	51,073
Santander Auto S.A.		15,775			12,374	7,555

Jointly Controlled by Santander Corretora de Seguros (current corporate name of Santander Participações SA)			504,766		454,280	419,016
Webmotors S.A.	316,597			296,216		273,721
Tecnologia Bancária S.A. - TECBAN	186,357			156,589		144,090
Hyundai Corretora de Seguros			1,044	934		-
PSA Corretora de Seguros e Serviços Ltda,	768			541		1,205

Significant Influence of Banco Santander			-		21,252	20,933
Norchem Holding e Negócios S.A.	-			21,252			20,933
Total			1,094,985	1,070,762		1,053,315

Jointly controlled and Significant Influence - Total

			2020
	Total assets	Total liabilities	Total Income ⁽¹¹⁾
Jointly Controlled by Banco Santander	12,900,571	11,255,396	51,847
Banco RCI Brasil S.A.	11,620,304	10,255,995	99,951
Norchem Participações e Consultoria S.A.	70,475	27,781	534
Estruturadora Brasileira de Projetos S.A. - EBP	11,562	39	148
Gestora de Inteligência de Crédito	1,126,424	933,115	(45,410)
Santander Auto S.A.	71,807	38,466	(3,376)

Jointly Controlled by Santander Corretora de Seguros (current corporate name of Santander Participações SA)	2,952,308	1,692,770	68,469
Webmotors S.A.	512,687	78,856	21,529
Tecnologia Bancária S.A. - TECBAN	2,435,377	1,612,822	46,735
Hyundai Corretora de Seguros Ltda,	2,076	251	(43)
PSA Corretora de Seguros e Serviços Ltda,	2,168	841	247

Significant Influence of Banco Santander	126,877	29,391	(225)
Norchem Holding e Negócios S.A.	126,877	29,391	(225)
Total	15,979,756	12,977,558	120,091

			2019
	Total assets	Total liabilities	Total Income ⁽¹¹⁾
Jointly Controlled by Banco Santander	14,121,618	12,502,780	206,482
Banco RCI Brasil S.A.	13,452,716	12,174,504	263,851
Norchem Participações e Consultoria S.A.	69,865	27,709	1,949
Estruturadora Brasileira de Projetos S.A. - EBP	35,314	311	1,790
Gestora de Inteligência de Crédito	527,362	288,643	(56,769)
Santander Auto S.A.	36,361	11,613	(4,339)

Jointly Controlled by Santander Corretora de Seguros (current corporate name of Santander Participações SA)	2,873,140	1,628,364	125,439
Webmotors S.A.	484,454	60,734	61,212
Tecnologia Bancária S.A. - TECBAN	2,382,907	1,564,801	63,046
Hyundai Corretora de Seguros Ltda,	1,909	41	(132)
PSA Corretora de Seguros e Serviços Ltda,	3,870	2,788	1,313

Significant Influence of Banco Santander	126,937	29,226	2,650
Norchem Holding e Negócios S.A.	126,937	29,226	2,650
Total	17,121,695	14,160,370	334,571

			2018
	Total assets	Total liabilities	Total Income ⁽¹¹⁾
Jointly Controlled by Banco Santander	10,500,055	8,755,688	80,954
Banco RCI Brasil S.A.	9,849,508	8,679,715	115,928
Norchem Participações e Consultoria S.A.	79,633	27,423	2,240
Cibrasec - Companhia Brasileira de Securitização	80,300	3,893	1,989
Estruturadora Brasileira de Projetos S.A. - EBP	33,389	176	(9,151)
Gestora de Inteligência de Crédito	338,382	42,894	(32,328)
Banco Hyundai Capital Brasil S.A.	103,703	1,557	2,166
Santander Auto S.A.	15,140	30	110

Jointly Controlled by Santander Corretora de Seguros (current corporate name of Santander Participações SA)	2,463,262	1,573,082	9,703
Webmotors S.A.	221,313	60,905	43,751
Tecnologia Bancária S.A. - TECBAN	2,238,156	1,510,794	(34,976)
PSA Corretora de Seguros e Serviços Ltda,	3,793	1,383	928

Significant Influence of Banco Santander	123,959	27,714	2,690
Norchem Holding e Negócios S.A.	123,959	27,714	2,690
Total	13,087,276	10,356,484	93,347

(1) Companies with a one-month delay for the equity accounting. For accounting of equity in earnings, used on 12/31/2020 the position of 11/30/2020.

(2) Although the participation is less than 20%, the Bank exercises joint control over the entity with the other majority shareholders, through a shareholders agreement where no business decision can be taken by a single shareholder.

(3) Although the participation is greater than 50%, in accordance with the shareholders agreement, control is shared by Santander Corretora de Seguros and Carsales.com Investments PTY LTD. (Carsales).

(4) In accordance with the shareholders agreement, control is shared by Santander Corretora de Seguros and PSA Services LTD.

(5) Participation arising from credit recovery of Banco Comercial e de Investimentos Sudameris S.A., merged in 2009 by Banco ABN AMRO Real S.A., which in the same year was merged by Banco Santander (Brasil) S.A., one of the Company's partners. The partners are conducting procedures for the extinction of the company, which depends on the sale of a property. Once sold, the company will be liquidated and each partner will receive their share of the equity.

(6) On July 24, 2019, Banco Santander sold its entire stake in CIBRASEC - Companhia Brasileira de Securitização (“CIBRASEC”), corresponding to 4,000 common shares and 50 preferred shares, to ISEC Securitizadora SA for the amount of R$9,845,611,54. Due to the closing of the transaction, Banco Santander is no longer a shareholder of CIBRASEC.

(*) The Bank has no guarantees granted to companies with joint control and significant influence.

(**) The Bank does not have contingent liabilities with significant possible risk of loss related to investments for companies with joint control and significant influence.

Principal jointly controlled entities

		2020		2019		2018
	Banco RCI Brasil	Webmotors	Banco RCI Brasil	Webmotors	Banco RCI Brasil	Webmotors
Current assets	11,270,565	276,168	12,052,008	241,919	9,849,508	221,313
Current liabilities	9,825,654	220,707	10,781,921	61,290	8,679,715	60,905
Cash and cash equivalents	201,142	1,411	489,400	1,667	37,115	1,034
Depreciation and amortization	(1,577)	(14,949)	(1,666)	(9,234)	(977)	(7,423)
Revenue	732,253	277,270	661,215	165,049	1,316,687	167,881
Interest income	1,354,283	2,283	1,401,154	5,079	1,290,703	4,134
Interest expense	(483,506)	-	(547,546)	-	(575,944)	-
Tax Income / (expense)	(169,957)	(26,314)	(83,455)	(26,863)	(147,266)	(16,013)
Current financial liabilities (excluding trade and other payables and provisions)	-	-	4,178,761	53,807	3,130,908	49,709
Non-current financial liabilities (excluding trade and other payables and provisions)	470,081	-	470,081	1,006	4,813,909	5,458