Comparison between BRGAAP1 and IFRS 

R$ million

Balance Sheet

BRGAAP

Adjustments and Reclassifications2

IFRS

BRGAAP

Adjustments and Reclassifications2

IFRS

Sep/30/2017

Dec/31/2016

Total Assets

1,466,000

(92,482)

1,373,518

1,427,084

(73,843)

1,353,241

Cash and Cash Equivalents, Reserve Requirements, Interbank Deposits, Securities Under Repurchase Agreements, Financial Assets and Derivatives3

814,453

(16,528)

797,926

767,222

(16,395)

750,827

Loan Operations

467,831

218

468,049

491,225

(859)

490,366

(-) Allowance for Loan Losses4

(34,702)

7,340

(27,362)

(35,986)

9,014

(26,972)

Other Financial Assets5

119,494

(63,317)

56,177

106,458

(52,541)

53,917

Tax Assets6

59,954

(20,732)

39,221

61,210

(16,936)

44,274

Investments in associates and jointly controlled entities, Goodwill, Fixed and Intangible Assets, Assets Held for Sale and Other Assets

38,970

537

39,507

36,954

3,875

40,829

Current Liabilities and Long Term Liabilities

1,330,861

(101,034)

1,229,827

1,299,869

(81,442)

1,218,427

Deposits

359,904

359,904

329,414

329,414

Deposits Received Under Securities Repurchase Agreements3

336,951

(17,758)

319,193

366,038

(16,874)

349,164

Financial Liabilities Held for Trading, Derivatives, Interbank and Institutional funding

248,051

5

248,055

257,167

(228)

256,939

Other Financial Liabilities5

130,167

(62,664)

67,503

123,604

(51,772)

71,832

Reserves for Insurance, Private Pension and Capitalization

177,521

331

177,852

156,656

567

157,223

Provisions and Other Liabilities

56,559

(5,795)

50,764

49,320

(1,301)

48,019

Tax Liabilities6

21,708

(15,153)

6,556

17,670

(11,834)

5,836

Total Stockholders’ Equity

135,139

8,552

143,691

127,215

7,599

134,814

Non-controlling interests

11,508

773

12,281

11,625

607

12,232

Controlling Stockholders’ Equity7

123,631

7,779

131,410

115,590

6,992

122,582

1 BRGAAP represents the accounting practices adopted in Brazil for financial institutions, according to regulation of the Brazilian Central Bank;

2 Resulted from reclassifications between assets and liabilities and other effects from IFRS adoption;

3 Resulted from the elimination of transactions between the parent company and exclusive funds (mainly PGBL and VGBL fund quotas), which are consolidated under IFRS;

4 Implementation of the criteria for calculating the Allowance for Loan Losses as defined in IFRS;

5 Difference in accounting, mainly for Foreign Exchange Portfolio, which started to be considered as net effect of Assets and Liabilities;

6 Difference in accounting, mainly for deferred taxes, which are now treated as a net effect of Assets and Liabilities in each of the consolidated companies;

7 Conciliation of Controlling Stockholders’ Equity is presented in the following table.

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