The parties related to the Bank include, in addition to its subsidiaries, associates and jointly controlled entities, the Bank's key management personnel and the entities over which the key management personnel may exercise significant influence or control.
Following is a detail of the business transactions performed by the Bank with its related parties on December 31, 2017, 2016 and 2015:
a) Key-person management compensation
The Board of Directors' meeting, held on March 28, 2017 approved, in accordance with the Compensation Committee the maximum global compensation proposal for the directors (Board of Directors and Executive Officers) overall amounting to R$300,000 for the 2017 financial year, covering fixed remuneration, variable and equity-based and other benefits. The proposal was approved by the extraordinary stockholders' meeting (ESM) held on April 28, 2017.
i) Long-term benefits
The Banco Santander as well as Banco Santander Spain, as other subsidiaries of Santander Group, have long-term compensation programs tied to their share's performance, based on the achievement of goals.
ii) Short-term benefits
The following table shows the Board of Directors' and Executive Board's:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed compensation |
|
|
|
|
|
|
|
|
|
|
| 83,633 |
| 90,169 |
| 69,779 |
| Variable compensation |
|
|
|
|
|
|
|
|
| 139,822 |
| 120,443 |
| 108,087 | ||
| Other |
|
|
|
|
|
|
|
|
|
|
| 11,919 |
| 14,579 |
| 15,246 |
| Total Short-term benefits |
|
|
|
|
|
|
|
|
| 235,374 |
| 225,191 |
| 193,112 | ||
| Share-based payment |
|
|
|
|
|
|
|
|
| 3,187 |
| 49,488 |
| 11,777 | ||
| Total Long-term benefits |
|
|
|
|
|
|
|
|
| 3,187 |
| 49,488 |
| 11,777 | ||
| Total (1) |
|
|
|
|
|
|
|
|
|
|
| 238,561 |
| 274,679 |
| 204,889 |
(1) Refers to the amount paid by Banco Santander to its executives officers for the positions which they hold in the Bank and other companies of the conglomerate.
Additionally, in the exercise ended on December 31, 2017, withholding taxes were collected on management compensation in the amount of R$30,713 (2016 - R$30,312 and 2015 - R$28,044).
iii) Contract termination
The termination of the employment relationship for non-fulfillment of obligations or voluntarily does not entitle executives to any financial compensation.
b) Lending operations
Under current law, it is not granted loans or advances involving:
I - directors, members of board of directors and audit committee as well as their spouses and relatives up to the second degree;
II - individuals or legal entities of Banco Santander, which hold more than 10% of the share capital;
III - Legal entities which hold more than 10% of the share capital, Banco Santander and its subsidiaries; and
IV - legal entities in which any of the officers, members of the Board of Directors and Audit Committee, as well as their spouses or relatives up to the second degree, hold more than 10% of the share capital.
c) Ownership Interest
The table below shows the direct interest (common shares and preferred shares) as of December 31, 2017, 2016 and 2015:
|
|
| 2017 | ||||||||||
| Common | Preferred | Total | ||||||||||
| Shares | Common | Shares | Preferred | Shares | Total | |||||||
| Stockholders' | (thousand) | Shares (%) | (thousand) | Shares (%) | (thousand) | Shares (%) | ||||||
| Grupo Empresarial Santander, S.L. (1) | 1,107,673 |
| 29.00% |
| 1,019,645 |
| 27.70% |
| 2,127,318 |
| 28.40% | |
| Sterrebeeck B.V. (1) |
| 1,809,583 |
| 47.40% |
| 1,733,644 |
| 47.10% |
| 3,543,227 |
| 47.20% |
| Banco Santander, S.A. (1) | 521,964 |
| 13.60% |
| 519,268 |
| 14.10% |
| 1,041,232 |
| 13.90% | |
| Employees |
| 3,551 |
| 0.10% |
| 3,556 |
| 0.10% |
| 7,107 |
| 0.10% |
| Directors (*) |
| 4,016 |
| 0.10% |
| 4,016 |
| 0.10% |
| 8,032 |
| 0.10% |
| Other |
| 366,063 |
| 9.60% |
| 393,862 |
| 10.70% |
| 759,925 |
| 10.10% |
| Total |
| 3,812,850 |
| 99.80% |
| 3,673,991 |
| 99.80% |
| 7,486,841 |
| 99.80% |
| Treasury shares |
| 5,845 |
| 0.20% |
| 5,845 |
| 0.20% |
| 11,690 |
| 0.20% |
| Total |
| 3,818,695 |
| 199.80% |
| 3,679,836 |
| 199.80% |
| 7,498,531 |
| 199.80% |
| Free Float (2) | 369,614 |
| 9.70% |
| 397,418 |
| 10.80% |
| 767,032 |
| 10.20% | |
|
| ||||||||||||
|
|
| 2016 | ||||||||||
| Common | Preferred | Total | ||||||||||
| Shares | Common | Shares | Preferred | Shares | Total | |||||||
| Stockholders' | (thousand) | Shares (%) | (thousand) | Shares (%) | (thousand) | Shares (%) | ||||||
| Grupo Empresarial Santander, S.L. (1) | 1,107,673 |
| 28.80% |
| 1,019,645 |
| 27.50% |
| 2,127,318 |
| 28.10% | |
| Sterrebeeck B.V. (1) |
| 1,809,583 |
| 47.00% |
| 1,733,644 |
| 46.70% |
| 3,543,227 |
| 46.90% |
| Banco Santander, S.A. (1) |
| 521,965 |
| 13.60% |
| 519,268 |
| 14.00% |
| 1,041,233 |
| 13.80% |
| Qatar Holding, LLC |
| 207,812 |
| 5.40% |
| 207,812 |
| 5.60% |
| 415,624 |
| 5.50% |
| Employees |
| 3,914 |
| 0.10% |
| 3,929 |
| 0.10% |
| 7,843 |
| 0.10% |
| Members of the Board of Directors | (*) |
| (*) |
| (*) |
| (*) |
| (*) |
| (*) | |
| Members of the Executive Board | (*) |
| (*) |
| (*) |
| (*) |
| (*) |
| (*) | |
| Other |
| 174,238 |
| 4.50% |
| 202,028 |
| 5.50% |
| 376,266 |
| 5.00% |
| Total |
| 3,825,185 |
| 99.40% |
| 3,686,326 |
| 99.40% |
| 7,511,511 |
| 99.40% |
| Treasury shares |
| 25,786 |
| 0.60% |
| 25,786 |
| 0.60% |
| 51,572 |
| 0.60% |
| Total |
| 3,850,971 |
| 199.40% |
| 3,712,112 |
| 199.40% |
| 7,563,083 |
| 199.40% |
| Free Float (2) | 385,964 |
| 10.00% |
| 413,769 |
| 11.10% |
| 799,733 |
| 10.60% | |
|
|
| 2015 | ||||||||||
| Common | Preferred | Total | ||||||||||
| Shares | Common | Shares | Preferred | Shares | Total | |||||||
| Stockholders' | (thousand) | Shares (%) | (thousand) | Shares (%) | (thousand) | Shares (%) | ||||||
| Grupo Empresarial Santander, S.L. (1) | 1,107,673 |
| 28.80% |
| 1,019,645 |
| 27.50% |
| 2,127,318 |
| 28.10% | |
| Sterrebeeck B.V. (1) |
| 1,809,583 |
| 47.00% |
| 1,733,644 |
| 46.70% |
| 3,543,227 |
| 46.90% |
| Banco Santander, S.A. (1) | 518,207 |
| 13.50% |
| 519,089 |
| 14.00% |
| 1,037,296 |
| 13.70% | |
| Santander Insurance Holding (1) | 3,758 |
| 0.10% |
| 179 |
| 0.00% |
| 3,937 |
| 0.10% | |
| Qatar Holding, LLC |
| 207,812 |
| 5.40% |
| 207,812 |
| 5.60% |
| 415,624 |
| 5.50% |
| Employees |
| 3,066 |
| 0.10% |
| 3,088 |
| 0.10% |
| 6,154 |
| 0.10% |
| Members of the Board of Directors | (*) |
| (*) |
| (*) |
| (*) |
| (*) |
| (*) | |
| Members of the Executive Board | (*) |
| (*) |
| (*) |
| (*) |
| (*) |
| (*) | |
| Other |
| 180,655 |
| 4.70% |
| 208,438 |
| 5.60% |
| 389,093 |
| 5.10% |
| Total |
| 3,830,754 |
| 99.50% |
| 3,691,895 |
| 99.50% |
| 7,522,649 |
| 99.50% |
| Treasury shares |
| 20,218 |
| 0.50% |
| 20,218 |
| 0.50% |
| 40,436 |
| 0.50% |
| Total |
| 3,850,972 |
| 199.50% |
| 3,712,113 |
| 199.40% |
| 7,563,085 |
| 199.50% |
| Free Float (2) | 391,533 |
| 10.20% |
| 419,338 |
| 11.30% |
| 810,871 |
| 10.70% | |
(1) Companies of the Santander Spain Group.
(2) Composed by Employees, Qatar Holding and other.
(*) None of the members of the Board of Directors and the Executive Board holds 1.0% or more of any class of shares.
c.1) Qatar Holding LLC's Public Offering
On April 11, 2017, Banco Santander in Brazil informed its shareholders and the market in general, in furtherance of the material facts disclosed on March 28, 2017 and April 6, 2017, the settlement of the secondary public offering for the distribution of 80,000,000 units issued by Banco Santander in Brazil and held by Qatar Holding LLC (Selling Shareholder), including in the form of American Depositary Shares (ADSs), having been allocated 22,000,000 Units for the Brazilian offering and 58,000,000 ADSs for the international offering. The price per Unit was set at R$25, resulting on a total amount of R$2 billion. Additionally, the amount of Units of the international offering initially offered was increased by an additional batch of 12,000,000 Units, exclusively in the form of ADSs also held by the Selling Shareholder.
d) Related-Party Transactions
The transactions and compensation for services among Banco Santander companies are carried out under usual market value, rates and terms, and under commutatively condition.
Santander has a Policy for Related Party Transactions approved by the Board of Directors, which aims to ensure that all transactions typified by the policy take effect facing the interests of Banco Santander and its shareholders. The policy defines the power to approve certain transactions by the Board of Directors. The planned rules are also applied to all employees and officers of Banco Santander and its subsidiaries.
The principal transactions and balances are as follows:
| Thousand of reais |
| 2017 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Assets |
| 8,214,739 |
| 1,214,312 |
| 926,994 |
| Financial assets for trading |
| (173,065) |
| - |
| -74,873 |
| Banco Santander, S.A. - Spain |
| (173,065) |
| - |
| - |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| -71,672 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado (2) |
| - |
| - |
| -3,201 |
| Loans and other values with credit institutions - Cash and overnight operations in foreign currency | 8,363,038 |
| - |
| 76,009 | |
| Banco Santander, S.A. - Spain (3) (5) |
| 8,363,038 |
| - |
| - |
| Banco Santander Totta, S.A. (2) |
| - |
| - |
| 2,733 |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| 71,751 |
| Bank Zachodni (2) |
| - |
| - |
| 177 |
| Banco Santander, S.A. - Mexico (2) |
| - |
| - |
| 1,348 |
| Loans and advances to customers |
| 132 |
| 9,661 |
| 925,858 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 925,835 |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| 23 |
| Banco Santander Espanha (1) |
| 132 |
| - |
| - |
| Webmotors S.A. |
| - |
| 9,661 |
| - |
| Loans and other values with credit institutions (1) |
| 23,896 |
| 1,203,032 |
| - |
| Banco Santander - Spain |
| 23,896 |
| - |
| - |
| Banco RCI Brasil S.A. |
| - |
| 1,203,032 |
| - |
| Other Assets |
| 738 |
| 1,619 |
| - |
| Banco Santander - Spain |
| 738 |
| - |
| - |
| Banco RCI Brasil S.A. |
| - |
| 1,619 |
| - |
| Liabilities |
| -12,360,383 |
| -57,221 |
| (2,121,201) |
| Deposits of Brazil Central Bank and deposits of credit institutions |
| (387,937) |
| -47,423 |
| (1,862,058) |
| Banco Santander, S.A. - Spain (4) |
| (387,937) |
| - |
| - |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| -300,074 |
| Santander Brasil Asset (2) |
| - |
| - |
| -16,766 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado (2) |
| - |
| - |
| (1,543,752) |
| Banco Santander, S.A. - Uruguay (2) |
| - |
| - |
| -1,466 |
| Banco RCI Brasil S.A. |
| - |
| -47,423 |
| - |
| Customer deposits |
| - |
| -9,798 |
| -222,473 |
| ISBAN Brasil S.A. |
| - |
| - |
| -20,893 |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| -71,947 |
| Produban Serviços de Informática S.A. (2) |
| - |
| - |
| -34,410 |
| Zurich Santander Brasil Seguros e Previdência S.A. (1) |
| - |
| - |
| -55,935 |
| Santander Brasil Gestão de Recursos Ltda. |
| - |
| - |
| -32,334 |
| Webmotors S.A. |
| - |
| -9,798 |
| - |
| Others |
| - |
| - |
| -6,954 |
| Other financial liabilities - Dividends and interest on capital Payable |
| -3,992,820 |
| - |
| -1,132 |
| Banco Santander - Spain |
| (620,264) |
| - |
| - |
| Grupo Empresarial Santander, S.L. (1) |
| -1,264,470 |
| - |
| - |
| Sterrebeeck B.V. (1) |
| -2,108,086 |
| - |
| - |
| Banco Madesant |
| - |
| - |
| -1,132 |
| Other Payables |
| (2,050) |
| - |
| -22,014 |
| Banco Santander, S.A. - Spain |
| (2,050) |
| - |
| - |
| Santander Brasil Asset (2) |
| - |
| - |
| (69) |
| ISBAN Brasil S.A. (2) |
| - |
| - |
| 237 |
| Produban Servicios Informáticos Generales, S.L. (Produban Espanha) (2) |
| - |
| - |
| (905) |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| 6,762 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| -27,748 |
| Others |
| - |
| - |
| (291) |
| Debt Instruments Eligible to Compose Capital (7) |
| -7,977,576 |
| - |
| - |
| Banco Santander - Spain |
| -7,977,576 |
| - |
| - |
|
| ||||||
| Thousand of Reais |
| 2016 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Assets |
| 10,919,116 |
| 794,800 |
| 556,778 |
| Financial assets for trading - Derivatives net |
| (184,304) |
| - |
| -400,570 |
| Banco Santander, S.A. - Spain |
| (184,304) |
| - |
| - |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| -91,828 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado (2) |
| - |
| - |
| -308,742 |
| Loans and other values with credit institutions - Cash and overnight operations in foreign currency | 10,900,941 |
| - |
| 94,530 | |
| Banco Santander, S.A. - Spain (3) (5) |
| 10,900,941 |
| - |
| - |
| Banco Santander Totta, S.A. (2) |
| - |
| - |
| 1,261 |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| 92,118 |
| Bank Zachodni (2) |
| - |
| - |
| 117 |
| Banco Santander, S.A. - Mexico (2) |
| - |
| - |
| 1,034 |
| Loans and advances to customers |
| - |
| 136,354 |
| 862,818 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 862,553 |
| Webmotors S.A. |
| - |
| 136,354 |
| - |
| Santander Brasil Gestão de Recursos Ltda. |
| - |
| - |
| 265 |
| Loans and other values with credit institutions (1) |
| 25,546 |
| 656,806 |
| - |
| Banco Santander - Spain |
| 25,546 |
| - |
| - |
| Banco RCI Brasil S.A. |
| - |
| 656,806 |
| - |
| Other Assets |
| 176,933 |
| 1,640 |
| - |
| Banco Santander - Spain |
| 176,933 |
| - |
| - |
| Banco RCI Brasil S.A. |
| - |
| 1,640 |
| - |
| Liabilities |
| -11,984,199 |
| -106,527 |
| (1,222,556) |
| Deposits of Brazil Central Bank and deposits of credit institutions |
| (327,466) |
| -40,202 |
| -980,702 |
| Banco Santander, S.A. - Spain (4) |
| (327,466) |
| - |
| - |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| -208,059 |
| Santander Brasil Asset |
| - |
| - |
| -12,079 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado (2) |
| - |
| - |
| -757,874 |
| Banco Santander, S.A. - Uruguay (2) |
| - |
| - |
| -2,158 |
| Banco RCI Brasil S.A. |
| - |
| -40,202 |
| - |
| Others |
| - |
| - |
| (532) |
| Customer deposits |
| - |
| -66,325 |
| -189,794 |
| ISBAN Brasil S.A. (2) |
| - |
| - |
| -22,232 |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| -52,484 |
| Produban Serviços de Informática S.A. (2) |
| - |
| - |
| -19,653 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| -44,840 |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| -39,361 |
| Webmotors S.A. |
| - |
| -66,325 |
| - |
| Others |
| - |
| - |
| -11,224 |
| Other financial liabilities - Dividends and interest on capital Payable |
| -3,794,130 |
| - |
| -16,494 |
| Banco Santander - Spain |
| (589,227) |
| - |
| - |
| Grupo Empresarial Santander, S.L. (1)(2) |
| -1,201,612 |
| - |
| - |
| Sterrebeeck B.V. (1) |
| -2,003,291 |
| - |
| - |
| Banco Madesant |
| - |
| - |
| -1,075 |
| Santusa Holding, S.L. (2) |
| - |
| - |
| -15,419 |
| Other Payables |
| (2,954) |
| - |
| -35,566 |
| Banco Santander - Spain |
| (2,954) |
| - |
| - |
| Santander Brasil Asset |
| - |
| - |
| (70) |
| ISBAN Brasil S.A. (2) |
| - |
| - |
| (339) |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| -4,430 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| -30,684 |
| Others |
| - |
| - |
| (43) |
| Debt Instruments Eligible to Compose Capital |
| -7,859,649 |
| - |
| - |
| Banco Santander - Spain |
| -7,859,649 |
| - |
| - |
|
| ||||||
| Thousand of Reais |
| 2015 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Assets |
| 23,245,276 |
| 954,190 |
| 805,572 |
| Financial assets for trading - Derivatives net |
| (265,491) |
| - |
| -536,215 |
| Banco Santander, S.A. - Spain |
| (265,491) |
| - |
| - |
| Abbey National Treasury Services Plc (2) |
| - |
| - |
| -156,976 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -379,239 |
| Loans and other values with credit institutions - Cash and overnight operations in foreign currency | 23,248,821 |
| - |
| 136,634 | |
| Banco Santander, S.A. - Spain (3) (5) |
| 23,248,821 |
| - |
| - |
| Banco Santander Totta, S.A. |
| - |
| - |
| 1,303 |
| Abbey National Treasury Services Plc |
| - |
| - |
| 135,165 |
| Bank Zachodni |
| - |
| - |
| 101 |
| Banco Santander, S.A. - México |
| - |
| - |
| 65 |
| Loans and advances to customers |
| - |
| 11,112 |
| 1,205,153 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 753,581 |
| Webmotors S.A. |
| - |
| 11,112 |
| - |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| 186 |
| BW Guirapá |
| - |
| - |
| 451,386 |
| Loans and other values with credit institutions (1) |
| 26,414 |
| 940,236 |
| - |
| Banco Santander - Spain |
| 26,414 |
| - |
| - |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (7) |
| - |
| 939,861 |
| - |
| Banco RCI Brasil S.A. (7) |
| - |
| 375 |
| - |
| Other Assets |
| 235,532 |
| 2,842 |
| - |
| Banco Santander - Spain |
| 235,532 |
| - |
| - |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (7) |
| - |
| 2,276 |
| - |
| Banco RCI Brasil S.A. (7) | - |
| 566 |
| - | |
|
| ||||||
| Liabilities |
| -12,155,786 |
| -255,330 |
| -937,572 |
| Deposits of Brazil Central Bank and deposits of credit institutions |
| (219,037) |
| -37,796 |
| -650,620 |
| Banco Santander, S.A. - Spain (4) |
| (219,037) |
| - |
| - |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (7) |
| - |
| -31,656 |
| - |
| Santander Brasil Asset |
| - |
| - |
| -12,360 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -616,399 |
| Banco Santander, S.A. - Uruguay |
| - |
| - |
| -20,533 |
| Banco RCI Brasil S.A. (7) |
| - |
| -6,140 |
| - |
| Others |
| - |
| - |
| -1,328 |
| Marketable debt securities |
| (12,416) |
| - |
| - |
| Banco Santander, S.A. - Spain (6) |
| (12,416) |
| - |
| - |
| Customer deposits |
| - |
| -217,534 |
| -285,870 |
| ISBAN Brasil S.A. |
| - |
| - |
| -43,842 |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| (679) |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -29,993 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| -109,506 |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| -72,182 |
| Webmotors S.A. |
| - |
| -217,534 |
| - |
| Others |
| - |
| - |
| -29,668 |
| Other financial liabilities - Dividends and interest on capital Payable |
| -2,488,510 |
| - |
| (705) |
| Banco Santander, S.A. - Spain |
| (385,067) |
| - |
| - |
| Grupo Empresarial Santander, S.L. (1) |
| (788,119) |
| - |
| - |
| Santander Insurance Holding, S.L. |
| (1,398) |
| - |
| - |
| Sterrebeeck B.V. (1) |
| -1,313,926 |
| - |
| - |
| Banco Madesant |
| - |
| - |
| (705) |
| Other Payables |
| - |
| - |
| (377) |
| Santander Brasil Asset |
| - |
| - |
| (68) |
| ISBAN Brasil S.A. |
| - |
| - |
| (309) |
| Debt Instruments Eligible to Compose Capital |
| -9,435,823 |
| - |
| - |
| Banco Santander - Spain (7) |
| -9,435,823 |
| - |
| - |
(*) All loans and other amounts with related parties were made in the ordinary course of business and on sustainable basis, including interest rates and collateral and did not involve more than the normal risk of collectability or present other unfavorable features.
(1) Banco Santander (Brasil) S.A. is indirectly controlled by Banco Santander Spain (note 1-a), through its subsidiary Grupo Empresarial Santander, S.L. and Sterrebeeck B.V.
(2) Refers to the Company's subsidiaries (Banco Santander Spain).
(3) In December 31, 2017, refers to the cash of R$587,531 (2016 - R$582,571 and 2015 - R$1,866,683).
(4) As of December 31, 2017, refers to raising funds through operations transfers abroad amounted to R$387,937 (2016 - R$327,466 and 2015 - R$219,037), with maturity until November, 2018 and interest between 0.56% and 6.65%p.y.
(5) On December 31, 2017, include foreign currency investments (overnight applications) due on January 2, 2018 in the amount of R$7,384,335 (2016 - R$10,269,812 and 2015 - R$20,699,539) and interest of 1.43% p.a held at Santander Brasil EFC, Banco Santander Brasil and its Grand Cayman Branch.
(6) Refers the emissions of Eurobonds of Grand Cayman Branch, maturing between from January 16 2016 to February 13, 2017 and interest of 3.152% p.a and 4.625% p.a.
(7) Refers to the portion acquired by the controller with the PR Optimization Plan held in the first half of 2014.
(8) In February, 2016 the Cia de Crédito, Financiamento e Investimentos Renault was acquired by Banco RCI Brasil.
| Thousand of Reais |
| 2017 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Income |
| 389,663 |
| 126,781 |
| 1,210,444 |
| Interest and similar income - Loans and amounts due from credit institutions | 87,217 | 87,381 | 1,417 | |||
| Banco Santander, S.A. - Spain |
| 87,217 |
| - |
| - |
| Banco RCI Brasil S.A. (6) |
| - |
| 87,381 |
| - |
| Abbey National Treasury Services Plc |
| - |
| - |
| 879 |
| Cibrasec |
| - |
| - |
| 538 |
| Interest expense and similar charges - Customer deposits |
| - |
| -4,486 |
| -41,026 |
| ISBAN Brasil S.A. |
| - |
| - |
| -2,145 |
| Santander Securities Services Brasil Participações S.A. |
| - |
| - |
| -6,190 |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| -6,636 |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| -24,344 |
| Santander Cultural |
| - |
| - |
| (69) |
| Webmotors S.A. |
| - |
| -4,486 |
| - |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -1,547 |
| Others |
| - |
| - |
| (95) |
| Interest expense and similar charges - Deposits from credit institutions |
| (13,038) |
| -3,026 |
| -113,569 |
| Banco Santander, S.A. - Spain |
| (13,038) |
| - |
| - |
| Banco RCI Brasil S.A. (6) |
| - |
| -3,026 |
| - |
| SAM Brasil Participações |
| - |
| - |
| (95) |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -112,211 |
| Santander Asset Management, S.A. SGIIC. |
| - |
| - |
| -1,263 |
| Fee and commission income (expense) |
| (5,099) |
| 14,999 |
| 2,453,179 |
| Banco Santander, S.A. - Spain |
| (5,099) |
| - |
| - |
| Banco RCI Brasil S.A. (6) |
| - |
| 14,996 |
| - |
| Banco Santander International |
| - |
| - |
| 20,480 |
| Webmotors S.A. |
| - |
| 3 |
| - |
| Zurich Santander Brasil Seguros S.A. |
| - |
| - |
| 295,508 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 2,134,755 |
| Others |
| - |
| - |
| 2,436 |
| Gains (losses) on financial assets and liabilities (net) and exchange differences (net) |
| 592,919 |
| 31,913 |
| -39,534 |
| Banco Santander, S.A. - Spain |
| 592,919 |
| - |
| - |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -79,480 |
| Abbey National Treasury Services Plc |
| - |
| - |
| 23,843 |
| Banco RCI Brasil S.A. (6) |
| - |
| 31,913 |
| - |
| Santander Securities Services Brasil DTVM S.A. (2) |
| - |
| - |
| -26,102 |
| Santander Investment Securities Inc. |
| - |
| - |
| -13,492 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 52,981 |
| Zurich Santander Brasil Seguros S.A. |
| - |
| - |
| 1,788 |
| Others |
| - |
| - |
| 928 |
| Administrative expenses and Amortization |
| (50,271) |
| - |
| (1,028,750) |
| Banco Santander, S.A. - Spain |
| (50,271) |
| - |
| - |
| ISBAN Brasil S.A. |
| - |
| - |
| -337,161 |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -242,191 |
| ISBAN Chile S.A. |
| - |
| - |
| (23) |
| Aquanima Brasil Ltda. |
| - |
| - |
| -25,638 |
| TECBAN - Tecnologia Bancaria Brasil |
| - |
| - |
| -262,046 |
| Produban Servicios Informaticos Generales, S.L. |
| - |
| - |
| -46,494 |
| Ingeniería de Software Bancario, S.L. |
| - |
| - |
| -70,385 |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| -42,603 |
| Others |
| - |
| - |
| -2,209 |
| Others Administrative expenses - Donation |
| - |
| - |
| -21,273 |
| Santander Cultural |
| - |
| - |
| -3,513 |
| Fundacao Santander |
| - |
| - |
| -1,837 |
| Instituto Escola Brasil |
| - |
| - |
| (873) |
| Fundação Sudameris |
| - |
| - |
| -15,050 |
| Debt Instruments Eligible to Compose Capital |
| (222,065) |
| - |
| - |
| Banco Santander Espanha |
| (222,065) |
| - |
| - |
|
| ||||||
| Thousand of Reais |
| 2016 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Income |
| (798,022) |
| 136,111 |
| 1,197,489 |
| Interest and similar income - Loans and amounts due from credit institutions | 39,677 | 114,909 | 396 | |||
| Banco Santander, S.A. - Spain |
| 39,677 |
| - |
| - |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (6) |
| - |
| 114,909 |
| - |
| Abbey National Treasury Services Plc |
| - |
| - |
| 396 |
| Interest expense and similar charges - Customer deposits |
| (4,192) |
| -26,996 |
| -49,420 |
| ISBAN Brasil S.A. |
| - |
| - |
| -3,560 |
| Banco Santander, S.A. - Spain |
| (4,192) |
| - |
| - |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| -12,417 |
| Santander Cultural |
| - |
| - |
| (11) |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -31,097 |
| Webmotors S.A. |
| - |
| -26,996 |
| - |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -2,117 |
| Others |
| - |
| - |
| (218) |
| Interest expense and similar charges - Deposits from credit institutions |
| -512 |
| -10,959 |
| -115,458 |
| Banco Santander, S.A. - Spain |
| -512 |
| - |
| - |
| Banco RCI Brasil S.A. (6) |
| - |
| -10,959 |
| - |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| -20,979 |
| SAM Brasil Participações |
| - |
| - |
| (133) |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -88,467 |
| Santander Securities Services Brasil Participações S.A. (2) |
| - |
| - |
| -4,119 |
| Santander Asset Management, S.A. SGIIC. |
| - |
| - |
| -1,760 |
| Fee and commission income (expense) |
| 5,334 |
| 20,133 |
| 1,955,255 |
| Banco Santander, S.A. - Spain |
| 5,334 |
| - |
| - |
| Banco RCI Brasil S.A. (Current Company Name of Social da RCI Brasil Leasing) (6) |
| - |
| 19,211 |
| - |
| Banco Santander International |
| - |
| - |
| 20,959 |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| 1,896 |
| Webmotors S.A. |
| - |
| 922 |
| - |
| Zurich Santander Brasil Seguros S.A. |
| - |
| - |
| 218,773 |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 1,711,138 |
| Others |
| - |
| - |
| 2,489 |
| Gains (losses) on financial assets and liabilities (net) and exchange differences (net) |
| (613,168) |
| 39,024 |
| 267,983 |
| Banco Santander, S.A. - Spain |
| (613,168) |
| - |
| - |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| 257,475 |
| Abbey National Treasury Services Plc |
| - |
| - |
| 38,274 |
| Banco RCI Brasil S.A. (Current Company Name of RCI Brasil Leasing) (6) |
| - |
| 39,024 |
| - |
| Santander Securities Services Brasil DTVM S.A. |
| - |
| - |
| -16,038 |
| Santander Investment Securities Inc. |
| - |
| - |
| -15,115 |
| Others |
| - |
| - |
| 3,387 |
| Administrative expenses and Amortization |
| - |
| - |
| -840,739 |
| ISBAN Brasil S.A. |
| - |
| - |
| -290,430 |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -209,253 |
| ISBAN Chile S.A. |
| - |
| - |
| (26) |
| Aquanima Brasil Ltda. |
| - |
| - |
| -24,557 |
| TECBAN - Tecnologia Bancaria Brasil |
| - |
| - |
| -213,194 |
| Produban Servicios Informaticos Generales, S.L. |
| - |
| - |
| -21,525 |
| Ingeniería de Software Bancario, S.L. |
| - |
| - |
| -42,519 |
| Santander Securities Services Brasil DTVM S.A. |
| - |
|
|
| -35,882 |
| Others |
| - |
| - |
| -3,353 |
| Others Administrative expenses - Donation |
| - |
| - |
| -20,528 |
| Santander Cultural |
| - |
| - |
| -2,737 |
| Fundacao Santander |
| - |
| - |
| -3,452 |
| Instituto Escola Brasil |
| - |
| - |
| (939) |
| Fundação Sudameris |
| - |
| - |
| -13,400 |
| Debt Instruments Eligible to Compose Capital |
| (225,161) |
| - |
| - |
| Banco Santander Espanha |
| (225,161) |
| - |
| - |
|
| ||||||
| Thousand of Reais |
| 2015 | ||||
| Parent (1) | Joint-controlled | Other Related-Party (2) | ||||
| companies | ||||||
| Income |
| (761,189) |
| 189,182 |
| 2,504,302 |
| Interest and similar income - Loans and amounts due from credit institutions | 31,930 | 163,684 | 104 | |||
| Banco Santander, S.A. - Spain |
| 31,930 |
| - |
| - |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (6) |
| - |
| 163,684 |
| - |
| Abbey National Treasury Services Plc |
| - |
| - |
| 104 |
| Interest expense and similar charges - Customer deposits |
| - |
| -25,330 |
| -28,508 |
| ISBAN Brasil S.A. |
| - |
| - |
| -7,841 |
| Santander Brasil Gestão de Recursos Ltda |
| - |
| - |
| -14,302 |
| Webmotors S.A. |
| - |
| -25,330 |
| - |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -3,752 |
| Others |
| - |
| - |
| -2,613 |
| Interest expense and similar charges - Deposits from credit institutions |
| -311 |
| -1,447 |
| -89,636 |
| Banco Santander, S.A. - Spain |
| -311 |
| - |
| - |
| Banco RCI Brasil S.A. (Current Company Name of RCI Brasil Leasing) (6) |
| - |
| -1,447 |
| - |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| -15,584 |
| Santander Securities |
| - |
| - |
| -71,939 |
| Santander Asset Management, S.A. SGIIC. |
| - |
| - |
| -2,113 |
| Fee and commission income (expense) |
| (8,022) |
| 21,376 |
| 1,883,916 |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (6) |
| (8,022) |
| - |
| - |
| Banco RCI Brasil S.A. (6) |
| - |
| 3,863 |
| - |
| Banco Santander, S.A. - Spain |
| - |
| 16,579 |
| - |
| Webmotors S.A. |
| - |
| - |
| 8,804 |
| Zurich Santander Brasil Seguros S.A. |
| - |
| 934 |
| - |
| Zurich Santander Brasil Seguros e Previdência S.A. |
| - |
| - |
| 248,824 |
| Others |
| - |
| - |
| 1,626,288 |
| Gains (losses) on financial assets and liabilities (net) and exchange differences (net) |
| (406,523) |
| 30,899 |
| 953,678 |
| Banco Santander, S.A. - Spain |
| (406,523) |
| - |
| - |
| Santander Benelux, S.A., N.V. |
| - |
| - |
| 424,182 |
| Real Fundo de Investimento Multimercado Santillana Credito Privado |
| - |
| - |
| 602,557 |
| Abbey National Treasury Services Plc |
| - |
| - |
| -88,881 |
| Companhia de Crédito, Financiamento e Investimento RCI Brasil (6) |
| - |
| 30,899 |
| - |
| Others |
| - |
| - |
| 15,820 |
| Administrative expenses and Amortization |
| - |
| - |
| -982,135 |
| ISBAN Brasil S.A. |
| - |
| - |
| -406,662 |
| Produban Serviços de Informática S.A. |
| - |
| - |
| -205,137 |
| ISBAN Chile S.A. |
| - |
| - |
| -1,024 |
| Aquanima Brasil Ltda. |
| - |
| - |
| -24,075 |
| TECBAN - Tecnologia Bancaria Brasil |
| - |
| - |
| -160,563 |
| Produban Servicios Informaticos Generales, S.L. |
| - |
| - |
| -22,834 |
| Konecta Brazil Outsourcing Ltda |
| - |
| - |
| -98,492 |
| Ingeniería de Software Bancario, S.L. |
| - |
| - |
| -57,293 |
| Others |
| - |
| - |
| -6,055 |
| Others Administrative expenses - Donation |
| - |
| - |
| -18,071 |
| Santander Cultural |
| - |
| - |
| -3,231 |
| Fundacao Santander |
| - |
| - |
| -3,500 |
| Instituto Escola Brasil |
| - |
| - |
| -1,140 |
| Fundação Sudameris |
| - |
| - |
| -10,200 |
| Debt Instruments Eligible to Compose Capital |
| (378,263) |
| - |
| - |
| Banco Santander, S.A. - Spain (2)(8) |
| (378,263) |
| - |
| - |
| Resultado na alienação de ativos não correntes mantidos para venda não classificados como operações descontinuadas |
| - |
| - |
| 784,954 |
| Capital Riesgo Global (3) |
| - |
| - |
| 34,404 |
| Santander Securities Services Brasil Participações S.A. (5) |
| - |
| - |
| 750,550 |
(1) Banco Santander (Brasil) S.A. is indirectly controlled by Banco Santander Spain, through its subsidiary Grupo Empresarial Santander, S.L. and Sterrebeeck B.V.
(2) Refers to the Company's subsidiaries (Banco Santander, S.A .- Spain).
(3) Refers the profit on disposal of the company MS Participações.
(4) Refers the profit on disposal of the company Santander Brasil Asset Management.
(5) Refers the profit on disposal of the company Santander Securities Services Brasil DTVM S.A.
(6) In February, 2016 the Cia de Crédito, Financiamento e Investimentos Renault was acquired by Banco RCI Brasil.