The detail of the balance of “Subordinated liabilities” is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance |
| Maturity (1) |
| Amount (millions) |
| Interest rate |
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subordinated Liabilities |
| Jun-06 |
| Jul-16 |
| R$1.500 |
| 105,0% CDI |
| - |
| - |
| 4,196,347 | ||
| Subordinated Liabilities |
| Oct-06 |
| Sep-16 |
| R$850 |
| 104,5% CDI |
| - |
| - |
| 2,266,789 | ||
| Subordinated Liabilities |
| jul-06 a out-06 |
| Jul-16 |
| R$447 |
| 104,5% CDI |
| - |
| - |
| 1,230,505 | ||
| Subordinated Liabilities |
| May-08 |
| mai-15 a mai-18 |
| R$283 |
| CDI (2) |
| 109,572 |
| 98,378 |
| 114,467 | ||
| Subordinated Liabilities |
| mai-08 a jun-08 |
| mai-15 a jun-18 |
| R$268 |
| IPCA (3) |
| 409,658 |
| 367,868 |
| 289,196 | ||
| Total |
|
|
|
|
|
|
|
|
|
|
| 519,230 |
| 466,246 |
| 8,097,304 |
(1) Subordinated time deposits issued by Banco Santander S.A. with yield paid at the end of the term together with the principal.
(2) Indexed by 100% and 112% of the CDI.
(3) Indexed by the IPCA (extended consumer price index) plus interest of 8.3% p.a. to 8.4% p.a.
The detail by currency, of the balance of “Subordinated liabilities” is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Thousand of reais |
|
|
|
|
|
|
| Average Interest Rate (%) | ||||||||
| Currency: |
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Real |
|
|
|
|
| 519,230 |
| 466,246 |
| 8,097,304 |
| 7.5% |
| 9.6% |
| 14.6% |
| Total |
|
|
|
|
| 519,230 |
| 466,246 |
| 8,097,304 |
| 7.5% |
| 9.6% |
| 14.6% |
Changes in the balance of "Subordinated liabilities" in twelve-months period ended December 31, 2017, 2016 and 2015 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2017 |
| 2016 |
| 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance at beginning of year |
|
|
|
|
|
|
|
|
| 466,246 |
| 8,097,304 |
| 7,294,077 | ||
| Payments |
|
|
|
|
|
|
|
|
|
|
| - |
| (8,362,652) |
| (216,075) |
| Interest (Note 34) |
|
|
|
|
|
|
|
|
|
|
| 52,984 |
| 731,594 |
| 1,019,302 |
| Balance at end of year |
|
|
|
|
|
|
|
|
| 519,230 |
| 466,246 |
| 8,097,304 | ||
Note 45-d contains a detail of the residual maturity periods of subordinated liabilities at each year-end and of the related average interest rates in each year.