SECURITIES AND EXCHANGE COMMISSION
Commission File Number: 001-34476
Bloco A – Vila Olimpia
São Paulo, SP 04543-011
Federative Republic of Brazil
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BANCO SANTANDER (BRASIL) S.A.
Authorized Public Company
Taxpayer’s ID (“CNPJ”): 90.400.888/0001-42
Company Registry (“NIRE”): 35.300.332.067
MATERIAL FACT
BANCO SANTANDER (BRASIL) S.A. (B3: SANB11) (“Santander Brasil”), in attention to fourth paragraph of Article 157 of Law No. 6,404/76 and Normative Instruction No. 358/02 issued by the Securities Commission of Brazil (Comissão de Valores Mobiliários – CVM), as amended, hereby announces that its management have decided to discontinue the disclosure of projections (guidance), due to the following reasons.
Santander Brasil announced to investors and the market, on September 23rd, 2015, projections for some of its indicators for the year 2018, namely, Delinquency Ratio, Efficiency Ratio, Commissions, Loyal Customers Base and Return on Equity (ROE), which, however, were subject to significant uncertainties.
Given our intensity in 2016, our business transformation agenda, based on a more customer-focused business model, centered on a service culture, has allowed us to improve the way we operate, highlighted by the expansion and adaptation of our product and service portfolio, the adoption of more agile and optimized processes, the significant results of our digital strategy and the adoption of the Net Promoter Score (NPS) to monitor customer satisfaction.
Despite the slow recovery in the macroeconomic scenario in the period, the results of these actions have enabled the early achievement of the projections for the aforementioned indicators, previously forecasted for the end of 2018. For this reason, we understand that, given the early achievement of those projections, they no longer reflect our current scenario. Our performance reinforces the sustainability and recurrence of our business model, focused on customers and greater generation of value to shareholders.
Santander Brasil will keep its stockholders and the market in general informed of any new facts related to the matter.
São Paulo, August 22nd, 2018.
Angel Santodomingo
Investor Relations Officer
Banco Santander (Brasil) S.A. | ||
By: | /S/ Amancio Acurcio Gouveia | |
Amancio Acurcio Gouveia Officer Without Specific Designation | ||
By: | /S/ Angel Santodomingo Martell | |
Angel Santodomingo Martell Vice - President Executive Officer |