Banco do Brasil S A : 2022 Annual Letter – Base Yr 2021

Board of Administrators Message

We’re, by definition of Regulation No. 4,595/64, the monetary agent of the Nationwide Treasury and the primary instrument for implementing the Federal Authorities’s credit score coverage. As an executing agent of public insurance policies, we acquired, from the Nationwide Treasury, R$5.2 billion for funds and packages meant for loans and financing in 2021. In the identical yr, R$2.8 billion in principal and curiosity have been returned. installments, with a stability within the portfolio of R$56.4 billion.

On the finish of 2021, we disclosed a historic results of R$21.0 billion, a consequence of the stable efficiency of our enterprise, rigorous management of bills as a administration precedence and, notably, buyer centricity.

We imagine {that a} service of excellence, specialised and accessible in a number of channels, and the sustainable work that generates constructive externalities for our stakeholders, each contribute to the rising evolution of outcomes and permit for the achievement, every day, of our function, which is to deal with what is efficacious for individuals.

Our efficiency is guided by sustainability, which is current in our technique, practices, administration and enterprise. We disclosed our Ten Lengthy-Time period Commitments in Sustainability which convey long-term goal metrics that strengthen our dedication to the Environmental, Social and Governance (ESG). Amongst them are compliance with the offset of 100% of greenhouse gasoline emissions in 2021, along with the goal to scale back these emissions by 30% by 2030.

Our foremost energy lies within the high quality relationship with our prospects in all of the segments during which we function. As well as, we add to our broad attain and presence within the nation an entire and safe platform of digital channels, being accessible to the client wherever, at any time when and thru

Banco do Brasil S.A. – Annual Chart of Public Insurance policies and Company Governance/2022

the channel he prefers. Additionally, primarily based on strategic partnerships, affiliated and subsidiaries firms, we provide all kinds of options, services.

We made progress in direction of accelerating our digital transformation with the optimization of enterprise fashions and using open innovation and digital applied sciences to create new sources of earnings and beyond-banking operations. On this sense, we expanded our operations as a platform with the launch of this system Market Afiliados in Loja BB, which additionally gives present playing cards and advantages to our prospects.

To execute this whole transformation, attracting and retaining expertise is vital. In October 2021, we launched the Opening Discover of the Exterior Choice 2021/001. The general public contest had greater than 1.6 million entries. In January 2022, we began inviting greater than 2000 candidates to our service community and to the know-how areas.

As an essential enabler for our digital transformation, we now have invested in coaching and qualification, particularly for digital abilities, to allow a significant cultural transformation. With Movimento Evolution, we provide incentives for undergraduate, lato sensu graduate, grasp’s and doctoral levels targeted on know-how and innovation, in addition to language scholarships and different coaching.

With initiatives that enhance the client expertise, convey innovation, help enterprise development in a sustainable manner and enhance operational effectivity, will probably be doable to proceed producing constant returns for our shareholders, in addition to a constructive impression on society.

Regulation 4,595/1964 launched the Brazilian Monetary System, composed of the Nationwide Financial Council, Central Financial institution of Brazil (Bacen), Banco do Brasil (BB), Nationwide Financial institution for Financial and Social Growth (BNDES) and different monetary establishments. The identical legislation outlined Banco do Brasil as monetary agent of the Nationwide Treasury and foremost instrument of execution of the mortgage coverage of the Federal Authorities, being accountable for the financing of business, industrial and rural actions, disclosure and guideline of mortgage, efficiency of the overseas commerce coverage, amongst different assignments. With over 213 years, Banco do Brasil has a protracted historical past of sustainability, performing on accountable foundation to advertise social inclusion by means of the creation of jobs and era of earnings.

Agribusiness is among the principal sectors of the Brazilian financial system, being elementary for the expansion and growth of the nation. Aligned to that, we finance funds the costing of manufacturing and the sale of farming merchandise, foments rural investments equivalent to storage, processing, manufacture of agricultural merchandise and modernization of agricultural machines and implements, along with the compliance of rural properties to the

environmental laws. We’re the most important associate of Brazilian agribusiness, being current all through the worth chain, additionally bringing innovation and know-how to the agricultural man with options that add effectivity and comfort.

We provide to SME options of working capital, financing of investments and overseas commerce, along with many different choices associated to money stream, safety, pension, playing cards and providers. The a number of segments of Corporations, together with Particular person Microentrepreneurs (MEI), are supplied from monetary options to enterprise fashions that promote the transition to an inclusive financial system. On this manner, we search to supply sufficient options to help the event of this viewers and encourage the entrepreneurial.

Within the financing to overseas commerce, we function public coverage devices of manufacturing growth, entrepreneurship, social and monetary inclusion, together with the Revenue Era Program (Proger) and the Export Financing Program (Proex), during which we’re unique agent of the Federal Authorities.