Santander Brasil Files 6-K for Q4 2023 Financials
Ticker: BSBR · Form: 6-K · Filed: Feb 20, 2024 · CIK: 1471055
| Field | Detail |
|---|---|
| Company | Banco Santander (Brasil) S.A. (BSBR) |
| Form Type | 6-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 16 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, foreign-issuer, compliance
TL;DR
**Santander Brasil just filed a 6-K for Q4 2023, confirming its foreign private issuer status and Form 20-F reporting.**
AI Summary
Banco Santander (Brasil) S.A. filed a Form 6-K on February 20, 2024, for the month of February 2024, reporting on its financial activities for the period ending December 31, 2023. The filing indicates the company's adherence to Form 20-F for annual reports and confirms its status as a foreign private issuer. The report details the company's business address in São Paulo, SP, Brazil, and its Commission File Number 001-34476.
Why It Matters
This filing provides a regulatory update on Banco Santander (Brasil) S.A.'s compliance and reporting, offering transparency to investors regarding its operational and financial period ending December 31, 2023.
Risk Assessment
Risk Level: low — This is a routine regulatory filing and does not indicate any specific new risks or material changes.
Key Players & Entities
- Banco Santander (Brasil) S.A. (company) — registrant
- February 20, 2024 (date) — filing date
- December 31, 2023 (date) — conformed period of report
- 001-34476 (other) — Commission File Number
- São Paulo, SP (other) — business address city
FAQ
What type of report did Banco Santander (Brasil) S.A. file?
Banco Santander (Brasil) S.A. filed a Form 6-K, which is a Report of Foreign Private Issuer.
What is the Commission File Number for Banco Santander (Brasil) S.A.?
The Commission File Number for Banco Santander (Brasil) S.A. is 001-34476.
What is the conformed period of report for this 6-K filing?
The conformed period of report for this 6-K filing is December 31, 2023.
Does Banco Santander (Brasil) S.A. file annual reports under Form 20-F or Form 40-F?
Banco Santander (Brasil) S.A. files annual reports under Form 20-F, as indicated by the 'X' mark.
What is the business address of Banco Santander (Brasil) S.A. as stated in the filing?
The business address is Avenida Presidente Juscelino Kubitschek, 2041 and 2235, Bloco A – Vila Olimpia, São Paulo, SP 04543-011, Federative Republic of Brazil.
Filing Stats: 4,110 words · 16 min read · ~14 pages · Grade level 16.1 · Accepted 2024-02-20 17:02:04
Filing Documents
- bsbrfs4q23_6k.htm (6-K) — 3933KB
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- 0001292814-24-000445.txt ( ) — 4342KB
financial statements, and considering new events. In these circumstances, this remains as an area of focus in our audit
financial statements, and considering new events. In these circumstances, this remains as an area of focus in our audit. We updated our understanding and tested the relevant internal controls over the identification and recording of provisions for legal and administrative proceedings, of a tax, labor and civil nature, and the disclosures in accompanying notes, including, among others, the internal controls related to the calculation template used to account for the provisions for labor and civil contingencies that are carried out under the historical average loss criteria for actions that are considered as common and similar in nature. We tested the application of the mathematical models of historical average loss calculation, when applicable, related to labor and civil contingencies. We also tested the ongoing proceedings at the base date of the consolidated financial statements. We performed confirmation procedures with the law firms responsible for administrative and legal proceedings to confirm the existence of processes and the completeness of the information. Additionally, we evaluated, on a sample basis, the reasonableness of the prognosis of the processes attributed by Management. We consider that the criteria and assumptions that Management adopted to determine and record the provisions for legal and administrative proceedings are consistent with the information examined in our audit. Information Technology environment (Note 46(d)) The Bank and its subsidiaries have a business environment that is highly dependent on technology, requiring a complex infrastructure to support the high volume of transactions processed in its several systems on a daily basis. The risks inherent to Information Technology, associated with possible deficiencies in processes and controls that support the processing of the technology systems, considering the legacy systems and existing technology environments, could result in the incorrect processing of critical information,