Banco do Brasil S A : Reference Form 2021

Banco do Brasil S.A.

Reference Form 2021 Position 12/31/2020

Rule 12g3-2 (b)

Exemption # 82-35186

Banco do Brasil S.A. - Reference Form/2021

Updates
Version/Date	Sections
1 - 05/28/2021
2 - 06/11/2021	12.5/6, 12.7/8, 12.10 and 12.12.
3 - 06/22/2021	12.7/8.
4 - 07/01/2021	12.7/8.
5 - 07/13/2021	12.5/6, 12.7/8, 12.9, 12.10 and 12.12.
6 - 07/26/2021	12.5/6, 12.7/8, 12.10 and 12.12.
7 - 08/10/2021	11.2, 12.5/6, 12.7/8, 12.10 and 12.12.
8 - 08/17/2021	12.5/6.
9 - 08/30/2021	12.2.
10	- 09/03/2021	12.7/8.
11	- 09/22/2021	12.5/6 and 12.7/8.
12	- 10/05/2021	12.5/6, 12.7/8, 12.10 and 12.12.
13	- 10/20/2021	12.7/8.
14	- 11/17/2021	11.2 and 12.7/8.
15	- 11/23/2021	12.5/6, 12.7/8 and 12.12.
16	- 11/26/2021	12.5/6, 12.7/8, 12.10 and 12.12.
17	- 12/172021	1.3 and 12.5/6.
18	- 12/272021	12.5/6 and 12.7/8.
19	- 01/05/2022	12.5/6, 12.7/8, 12.10 and 12.12
20	- 01/13/2022	12.5/6, 12.7/8 and 12.12

Banco do Brasil S.A. - Reference Form/2021

SUMMARY

DEFINITIONS .................................................................................................................................................	5
1. IDENTIFICATION OF THE PEOPLE RESPONSIBLE FOR THE CONTENT OF THE FORM. .........	8
	1.1.	Declaration by the Chief Executive Officer .....................................................................................	9
	1.2.	Declaration by the Investor Relations Officer ...............................................................................	10
2.	AUDITORS............................................................................................................................................	12
	2.1/2.2.	Identification and Compensation of Auditors ........................................................................	12
	2.3.	Other relevant information.............................................................................................................	14
3.	SELECT FINANCIAL INFORMATION .................................................................................................	16
	3.1.	Main balance sheets and income statements ..............................................................................	16
	3.2.	Non-accounting measurements ....................................................................................................	16
	3.3.	Events subsequent to the latest financial statements for the fiscal year end..............................	18
	3.4.	Profit allocation policy for the last three fiscal years.....................................................................	18
	3.5.	Allocation of net profit ....................................................................................................................	21
	3.6.	Dividends on retained earnings or established reserves account ...............................................	22
	3.7.	Level of Indebtedness ...................................................................................................................	22
	3.8	Issuer's liabilities by maturity.........................................................................................................	22
	3.9.	Other relevant information.............................................................................................................	23
4.	RISK FACTORS....................................................................................................................................	25
	4.1.	Risk factors that may influence the investment decision .............................................................	25
	4.2.	Main market risks to which Banco do Brasil is exposed ..............................................................	49
	4.3.	Non-confidential and material judicial, administrative, or arbitral proceedings ...........................	53
	4.3.1. Indicate the total amount reserved, if any, for the proceedings described in item 4.3 .................	64
	4.4.	Court proceedings and opposing parties ......................................................................................	64
	4.4.1. Indicate the total amount reserved, if any, for the proceedings described in item 4.4 .................	66
	4.5.	Material confidential proceedings not disclosed in items 4.3 and 4.4 .........................................	66
	4.5.1. Indicate the total amount reserved, if any, for the proceedings described in item 4.4 .................	66
	4.6.	Judicial, administrative, or arbitral proceedings that are repetitive or related .............................	66
	4.6.1. 1 Indicate the total amount reserved, if any, for the proceedings described in item 4.6¹.............	68
	4.7.	Other material contingencies ........................................................................................................	68
	4.8.	Rules of the home country of the foreign issuer...........................................................................	68
5. RISK MANAGEMENT AND INTERNAL CONTROLS POLICY..........................................................	69
	5.1.	Risk Factors Management Policy .................................................................................................	69
	5.2.	Regarding the market risks indicated in item 4.2, state: ..............................................................	90
	5.3.	Internal controls .............................................................................................................................	95
	5.4.	Internal integrity mechanisms and procedures.............................................................................	97
	5.5.	Comments on significant changes and expectations .................................................................	102
	5.6.	Provide other information that Banco do Brasil deems relevant................................................	102
6.	ISSUER HISTORY..............................................................................................................................	103
	6.1.	Issuer's Incorporation ..................................................................................................................	103
	6.2.	Term of duration ..........................................................................................................................	103
	6.3.	Brief history ..................................................................................................................................	103
	6.4.	Date of registration with the CVM ...............................................................................................	104
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Summary

	6.5.	Petition for bankruptcy.................................................................................................................	104
	6.6.	Other material information...........................................................................................................	104
7.	ISSUER'S ACTIVITIES.......................................................................................................................	105
	7.1. Activities carried out by Banco do Brasil and its controlled companies.....................................	105
	7.1-A. Indicate, if the issuer is a government-controlled company: ......................................................	105
	7.2. Information on each segment......................................................................................................	110
	7.3. Description of products and services ..........................................................................................	113
	7.4. Customers responsible for more than 10% of total net revenue ...............................................	120
	7.5. Relevant effects of state regulation on the activities of Banco do Brasil ...................................	120
	7.6. Countries from which Banco do Brasil obtains relevant revenues ............................................	146
	7.7. Regulations in other countries.....................................................................................................	146
	7.8. Social and Environmental Policies..............................................................................................	147
	7.9.	Other relevant information...........................................................................................................	147
8.	EXTRAORDINARY BUSINESS .........................................................................................................	148
	8.1. Acquisition or disposal of any relevant non-operational asset...................................................	148
	8.2. Indicate significant changes in the way the issuer conducts its business: ................................	148

8.3. Identify any relevant agreements entered into by the Issuer and its subsidiaries that are not .148

8.4.	Other relevant information...........................................................................................................	148
9.	MATERIAL ASSETS...........................................................................................................................	149
9.1. Non-current assets material to the development of activities ....................................................	149
9.2.	Other relevant information...........................................................................................................	161
10. COMMENTS FROM THE EXECUTIVE OFFICERS .....................................................................	162
10.1.	The Executive Officers should comment on: ..........................................................................	162
10.2.	The Executive Officers should comment on: ..........................................................................	175
10.3.	Material effects on the financial statements............................................................................	184
10.4.	Comments by the Officers .......................................................................................................	187
10.5.	Critical Accounting Policies .....................................................................................................	190
10.6. Relevant items not evidenced in Banco do Brasil's financial statements ....................................	199
10.7.	Comments on each item indicated in section 10.6.................................................................	200
10.8.	Main elements of Banco do Brasil's business plan ................................................................	202
10.9.	Other factors that influenced operational performance ..........................................................	205
11.	PROJECTIONS...............................................................................................................................	206
11.1.	Market's forecasts....................................................................................................................	206
11.2.	Projections on the evolution of indicators ...............................................................................	207
a. alterations or substitutions of projections ...........................................................................................	207
12. GENERAL MEETING AND MANAGEMENT.................................................................................	210
12.1.	Description of the issuer's administrative structure ................................................................	210
12.2.	Rules, policies, and practices relating to meetings.................................................................	230
12.3 Rules, policies, and practices related to the Board of Directors ...................................................	232
12.4.	Arbitration clause for dispute resolution..................................................................................	234
12.5/6. Composition and professional experience of management and the supervisory board..........	235
12.7/8.	Members of corporate committees, the audit, risk, financial, and compensation committees
		281
12.9.	Marital relationship, stable union, or kinship up to the second degree between...................	318

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