Banco Do Estado Do Rio Grande Do Sul SaBMFBOVESPA: BRSR3

Banco do Estado do Rio Grande do Sul: Net income dropped 8.2% year-over-year, but net interest income rose 12.5%

· Issued by Banco Do Estado Do Rio Grande Do Sul SA

Net income fell 8.2% year-over-year to R$221.6 million, while net interest income rose 12.5%. Loan portfolio grew 1.3% to R$64.3 billion, and funding increased 13.0% to R$111.3 billion. ROAE declined to 7.9% and Basel ratio stood at 15.8%.

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