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27. Shareholders' equity (Tables)
 12 Months Ended
Dec. 31, 2020
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
      2020   2019
          Common Preferred Total   Common   Preferred   Total
  Brazilian residents       109,885 135,438 245,323   90,069   115,785   205,854
  Foreign residents       3,708,810 3,544,398 7,253,208   3,728,626   3,564,051   7,292,677
  Total shares       3,818,695 3,679,836 7,498,531   3,818,695   3,679,836   7,498,531
  (-) Treasury shares       (18,829) (18,829) (37,658)   (16,702)   (16,702)   (33,404)
  Total outstanding       3,799,866 3,661,007 7,460,873   3,801,993   3,663,134   7,465,127
                           
      Thousand of shares
          2018
                  Common   Preferred   Total
  Brazilian residents               82,043   107,699   189,742
  Foreign residents               3,736,652   3,572,137   7,308,789
  Total shares               3,818,695   3,679,836   7,498,531
  (-) Treasury shares               (13,317)   (13,317)   (26,634)
  Total outstanding               3,805,378   3,666,519   7,471,897
Mandatory dividend

The amount of R$665,000 in dividends and interest on own capital paid in February 2020, is recorded under the caption of other obligations - social and statutory (2019 – R$7,800,000 and R$2018 – 4,800,00);

 

            2020
            Thousand of reais   Real per Thousand Shares / Units
              Common   Preferred   Units
                         
Interest on Capital (1) (5)           890,000   113,7129   125,0842   238,7971
Interest on Capital (2) (5)           770,000   98,3793   108,2172   206,5965
Interest on Capital (3) (5)           1,000,000   127,7636   140,5400   268,3036
Interest on Capital (4) (5)           665,000   84,9626   93,4589   178,4214
Total           3,325,000            

(1) Deliberated by the Board of Directors on April 27, 2020, paid on June 24, 2020, without any remuneration as restatement.

(2) Deliberated by the Board of Directors on July 28, 2020, paid on September 25, 2020, without any remuneration monetary restatement.

(3) Deliberated by the Board of Directors on October 26, 2020, paid on December 23, 2020, without any remuneration monetary restatement security.

(4) Deliberated by the Board of Directors on December 28, 2020, paid as of February 1, 2021, without any remuneration as monetary restatement.

(5) They were fully imputed to the minimum mandatory dividends to be distributed by the Bank for the fiscal year 2020.

 

            2019
            Thousand of reais   Real per Thousand Shares / Units
              Common   Preferred   Units
                         
Interest on Capital (1) (6)           1,000,000   127,5853   140,3438   267,9291
Interim Dividends (2) (6)           1,000,000   127,6399   140,4039   268,0438
Interest on Capital (3) (6)           1,000,000   127,6610   140,4271   268,0881
Interest on Capital (4) (6)           1,010,000   128,9673   141,8641   270,8314
Interim Dividends (5) (6)           6,790,000   867,0180   953,7197   1,820,7377
Total           10,800,000            

(1) Deliberated by the Board of Directors on March 29, 2019, paid on May 28, 2019, without any remuneration as restatement.

(2) Deliberated by the Board of Directors on June 28, 2019, paid on July 31, 2019, without any remuneration as restatement.

(3) Deliberated by the Board of Directors on September 30, 2019, paid on October 30, 2019, without any remuneration monetary restatement.

(4) Deliberated by the Board of Directors on December 27, 2019, paid on February 21, 2020, without any remuneration monetary restatement

(5) Deliberated by the Board of Directors on December 27, 2019, paid on February 21, 2020, without any remuneration monetary restatement.

(6) The amount of interest on own capital and interim dividends were fully imputed to the minimum mandatory dividends distributed by the Bank for the 2019 financial year.

 

            2018
            Thousand of reais   Reais per Thousand Shares / Units
              Common   Preferred   Units
                         
Interest on Capital (1) (6)           600,000   76,3304   83,9634   160,2938
Interest on Capital (2) (6)           600,000   76,4956   84,1451   160,6407
Interest on Capital (3) (6)           600,000   76,4985   84,1484   160,6469
Interim Dividends (4) (6)           2,880,000   367,4149   404,1564   771,5713
Interest on Capital (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$71.3689 and Units - R$ 136.2497 net of taxes, and was paid on April 26, 2018 without any compensation as monetary indexation.
(2)Established by the Board of Directors in June 26, 2018, was paid on July 27, 2018 without any compensation as monetary indexation.
(3)Established by the Board of Directors in September 28, 2018, common - R$ 65.0237, preferred - R$ 71.5261 and Units - R$ 136.5498 net of taxes and paid on October 26, 2018, without any compensation as monetary indexation.
(4)Established by the Board of Directors in December 28, 2018, common - R$ 312.3027, preferred - R$ 343.5329 and Units - R$ 655.8356 net of taxes and paid on February 26, 2019, without any compensation as monetary indexation.
(5)Deliberated by the Board of Directors on December 28, 2018 and paid as of February 26, 2019, without any monetary indexation.
(6)The amount of dividends and interest on shareholders' equity will be fully charged to the minimum mandatory dividends to be distributed by the Bank for the financial year 2018.
Buyback Program

The repurchase aims to (1) maximize the generation of value for shareholders through an efficient management of the capital structure; and (2) enable the payment of administrators, management-level employees and other employees of the Bank and companies under its control, under the terms of the Long-Term Incentive Plans. The term of the Buyback Program is up to 18 months from February 3, 2021, ending on August 2, 2022.

 

                2020   2019   2018
                Quantity   Quantity   Quantity
                Units   Units   Units
Treasury shares at beginning of the period               16,702   13,317   1,773
Shares Acquisitions               5,052   6,465   15,816
Cancellation of Shares (2)               -    -   -
Payment - Share-based compensation           (2,925)   (3,080)   (4,272)
Treasury shares at end of the period           18,829   16,702   13,317
Balance of Treasury Shares in thousand of reais       R$ 789,587   R$ 679,364   R$ 460,550

Emission Costs in thousands of Reais		           R$ 1,771   R$ 1,771   R$ 882
Balance of Treasury Shares in thousands of reais       R$ 791,358   R$ 681,135   R$ 461,432
                         
Cost/Share Price               Units   Units   Units
Minimum cost (1)               R$7,55   R$7,55   R$7,55
Weighted average cost (1)               R$33,24   R$28,59   R$28,59
Maximum cost (1)               R$49,55   R$43,84   R$43,84
Share Price               R$44,83   R$42,70   R$42,70
(1)Considering since the beginning of operations on the stock exchange.