Sustainability - bicbanco

44 Annual and Sustainability Report 2011
Percentage of Time Deposits 4Q11 4Q10
Largest Depositor 1.8 2.4
10 Largest Depositors 13.1 11.7
20 Largest Depositors 20.3 19.0
50 Largest Depositors 32.7 33.2
100 Largest Depositors 44.6 45.8
DOMESTIC FUNDING
Time deposits
At the end of the 2011 fiscal year, the sum of time
deposits totaled BRL7,776.6 million, growing by 8.2%
in relation to 2010. Of this total, 27.1% of funds (or
BRL2,106.2 million) were connected with Depósito
a Prazo com Garantia Especial do Fundo Garantidor
de Crédito – DPGE (Special Guarantee of the Credit
Guarantor Fund), in compliance with Brazilian Central
Bank Resolution No. 3,692, dated March 26, 2009. The
volume of deposits guaranteed by DPGE is equal to
around 50% of the limit that the Bank has for issuing
this kind of modality in 2012.
CDB funding guaranteed by DPGE is aimed exclusively
at lengthening terms: the average maturity for
the “traditional” CDB portfolio is around 458 days,
with this average jumping to 918 days for the DPGE
modality. Right now, the supply of resources over
longer terms has been satisfactory for both new investments
and the renewal of operations. As proof of
this, 42.2% of the Bank funding in 2011 had a term of
between one and three years.