ANNUAL LETTER OF PUBLIC

POLICIES AND CORPORATE

GOVERNANCE

- Fiscal Year 2021 -

Banco da Amazônia S/A

SUMMARY

Message from the Board of Directors ...................................................................

Highlights 2021 ....................................................................................................

General identification ...........................................................................................

Public interest underlying business activities .......................................................

Public policies and corporate governance ...........................................................

Developed activities and public policies ..............................................................

Targets applied to the fulfillment of public policies ..............................................

Funds for funding public policies (programs) .......................................................

Economic-financial impacts of the operationalization of public policies ...............

Officers' comments ..............................................................................................

Contribution to the development of the Amazon Region .....................................

Structure of internal controls and risk management ............................................

Risk Factors ........................................................................................................

Composition and Compensation of Management ................................................

Economic and financial performance ...................................................................

Social performance ..............................................................................................

Manifestation of the Board of Directors ...............................................................

MESSAGE FROM
BOARD OF
DIRECTORS

Andrea Leonel Valdecir Tose

President President
Administrative Council Banco da Amazônia

We present the Annual Letter of Public Policies and Corporate Governance for the year
2021, which expresses the commitment of Banco da Amazônia to the process of sustainable
and inclusive development in the Region.

As members of the Board of Directors, we believe that regional development requires the
formulation of strategies that are in line with a sustainable business model, providing economic
growth and social development, with actions based on the conservation and preservation of the
environment in order to provide quality of life to the population and future generations.

In this regard, the year 2021 was celebrated for the achievement of great results: we
solidified the growth and importance of BASA for the Amazon; we reached an unprecedented
level of net income of R$ 737.8 million and in the volume and quantity of financing contracting,
which are fundamental for encouraging productive activities that generate employment and local
income; and in the midst of pressing environmental preservation actions, we strengthened our
socio-environmental and climate responsibility policy that guide the actions of Banco da
Amazônia.

In line with the ESG Agenda (environmental, social and governance), with Basa's
commitment to directly contribute to the achievement of 10 goals related to 07 United Nations
Sustainable Development Goals, green financing lines were launched with funds from the North
Constitutional Regional Fund - FNO, ending the year with R$7.1 billion contracted. And in the
last quarter of 2021, the "Pecuária Verde" product was launched, an unprecedented initiative in
the region that seeks a prudent and responsible transition to a green economy, by reducing the
environmental impacts and carbon emissions of this relevant activity for the region.

And for 2022, the year commemorating the Bank's 80th anniversary, our actions will remain
firm and focused on the sustainable development of the Amazon, having as pillars the promotion
of sustainability, innovation in our financial solutions and the generation of solid results.
Let's go together!
 2021
HIGHLIGHTS

MUNICIPALITIES SERVED IN
NORTH REGION
CONTRACTED FUNDING

AGRIBUSINESS
SMALL
BI

MPO
BI
2020 - 2021
GROWTH

BI
MM
 GENERAL
IDENTIFICATION

In compliance with items I, II and VIII, Art. 8 of Law no.

13.303/2016, the Board of Directors subscribes to this
Annual Letter on Public Policies and Corporate
Governance of Banco da Amazônia S.A., referring to
the fiscal year of 2021.

IDENTIFICATION
BOARD OF DIRECTORS
ANNUAL LETTER SUBSCRIBERS
CNPJ: 04.902.979/0001-44
Andrea Maria Ramos Leonel
NIRE: 1500005132
CPF:104.434.358-39
Head Office Belém/Pará
Valdecir José de Souza Tose
Type of state-owned company Mixed
CPF: 560.192.542-91
Capital
Antônio Carlos Villela Sequeira
Controlling shareholder: Union CPF:667.498.597-04
Corporate type: Business Corporation
Erik Alencar de Figueiredo
Type of Capital: Publicly-traded
CPF: 032.952.584-06
Scope of action: Regional
Business sector: Financial Fábio Malina Losso
CPF: 015.713.439-38
Inálio Vieira Cruz
INVESTOR RELATIONS CPF: 283.425.852-04
DIRECTOR Lauro Arcanjelo Zanol
CPF: 198.625.390-20

Fábio Yassuda Maeda

Telephone: (91) 4008-3535 ANNUAL LETTER SUBSCRIBING OFFICERS
e-mail: fabio.maeda@basa.com.br

INDEPENDENT AUDITORS Valdecir José de Souza Tose

IN THE BASE YEAR CPF: 560.192.542-91, Position: President
Fábio Yassuda Maeda
CPF: 326.940.378-01, Position: Director
KPMG Auditores Independentes Luis Petrônio Nunes Aguiar
Anderson Luiz de Menezes (Accountant) CPF: 411.063.261-72, Position: Director
Telephone: (31) 2128-5700
e-mail: almenezes@kpmg.com.br Luiz Otávio Monteiro Maciel Júnior
CPF: 377.765.842-15, Cargo: Director
Roberto Batista Schwartz Martins de Paula
CPF: 712.991.142-53, Cargo: Director
CONTACT PERSON
DATE
Avenida Presidente Vargas, 800
Bairro: Campina 04/06/2022
Belém - Pará
Zip Code: 66.010-000

bancoamazonia.com.br
Banco da
Amazônia’s
Role
Banco da Amazônia is a mixed capital company and is
subject to the provisions of Law no. 13.303/2016 regarding the
governance and risk management structure; transparency in
the dissemination of results achieved in the implementation
of public policies and financial results.

Develop a be the main Transparency

sustainable development Meritocracy
Amazon with credit bank in the Amazon, Ethics
and modern, with engaged Customer Appreciation
effective solutions employees and solid Responsibility
results Innovation
Diversity
Sustainability

The Bank is the Federal Government's main agent to promote and implement public
policies aimed at the economic and social development of the Amazon.
Financing granted by the Bank effectively contributes to:

Creation of new Micro and small

job opportunities social inclusion businesses growth

Incentive to Poverty reduction Strengthening of Reduction of

Sustainability family economics rural exodus
PUBLIC INTEREST
UNDERLYING THE
BUSINESS
ACTIVITIES
Banco da Amazônia, a federal public financial
institution created in 1942, is constituted as a
publicly traded, mixed-capital company, under the
control of the Federal Government.

Law no. 5.122/1966, in its Art. 1, provides for the transformation of Banco de Crédito da
Amazônia into Banco da Amazônia S.A. Pursuant to Art. 1 of this law, Banco de Crédito
da Amazônia S.A., a public financial institution, pursuant to art. 22 of Law No.
4.595/1964, is renamed Banco da Amazônia S.A.. Among the Bank's attributions
provided for in the aforementioned Law, we highlight:
PUBLIC INTEREST

carry out bank Act as a financial

Execute the policy operations agent for
from the Federal Government in all its modalities, investment of funds
in the amazon region related to the internally mobilized and
related to credit commercial, externally
for the industrial according to
social economic activities and current legislation
development producers in the
region

In addition, in compliance with the provisions of Law no. 5.122/1966, Banco da

Amazônia is responsible for the following attributions (corporate objectives) provided
for in chapter 1, article 4 of its Bylaws:

Execute the policy

from the Federal Perform the roles of
Government Provide services and financial agent of
in the amazon region perform all federal agencies of
related to credit operations inherent to development.
for the banking activity and
social economic
 PUBLIC POLICY
AND CORPORATE
GOVERNANCE Basa maintains a robust governance structure, with the
existence of technical committees; decision-making
powers in internal regulations; collegiate decisions;
internal control, auditing and risk management
structures, reflecting in the qualification of the portfolio,
reimbursement of funds and results achieved, and in
parallel, it has invested in increasing operational
efficiency.

Law 13.303/2016, in its article 8, items I, III and VIII, requires the explanation of the
commitments to achieve public policy objectives by mixed capital companies, in
compliance with the collective interest or the imperative of national safety that justified
the authorization for their respective creations, with a clear definition of the funds to be
used for this purpose, as well as the disclosure of relevant information, in particular,
related to the activities developed, control structure, risk factors, economic and financial
data, administrators' comments on the performance, policies and practices of corporate
governance and the description of the composition and of management remuneration.
In order to fulfill its mission, Banco da Amazônia has the following guidelines:

Strategic Plan
STRATEGIC

PLAN

2020-2025

FNO Socio-Environmental
FNO Investment Plan Investment Plan and Climate
2021 Liability Policy
The organizational
Strategy of
BASA prioritizes the promotion
of the local
Regional Plan of Regional Development Plan of the Amazon
Capital
Development PRDA 2020-2023 enterprises, with a focus on job Plan
of the Amazon generation,
income and taxes, generating
benefits
to the population.
National Policy on PNDR
NATIONAL POLICY ON

Regional REGIONAL

Budget
Development Multiannual Plan

2020 Income
PPA
INVESTMENT PLAN FOR
Schedule
FINANCIAL FUNDS

FNO ALL SOURCES

The Multiannual Plan

(PPA) structures the RR

Regional AP
governmental
Development

Sustainable planning AM PA MA

Agriculture process and the

Green energy that articulates the AC

RO TO
Science
MT
technology and

MPO

Multiannual Plan of Fund Investment

the Federal Government Plan
ACTIVITIES
DEVELOPED AND
PUBLIC North Constitutional Regional Fund (FNO) is the main
POLICIES instrument of development of the Amazon, and along with
other BASA funding sources, accounted for more than 60%
of the Northern Region's development credit jn the country,
in 2021.

OTHER BANKS
39.5%

BANCO DA AMAZÔNIA
60.5 %

The results achieved by BASA in favor of sustainable regional development require a solid
system of partnerships with the actors representing the public, private and organized civil
society, aiming at building strong institutional arrangements capable of mobilizing
synergies, overcoming existing challenges and , as a result, transforming regional potential
into sustainable business opportunities.

Superintendence of
development of
Amazon (SUDAM) Brazilian Agricultural
Research Corporation
(EMBRAPA)
Trade
Associations
Federation of Agriculture; of
Industry; of Commerce; of
Industry Workers
Manaus Free
Zone
Superintendence Federal and State Public
(SUFRAMA) Bodies, such as Ministries,
State and Municipal Offices
Brazilian Micro and Small
Business Support Service
(SEBRAE)
2021 Income
R$ 64.3 billion invested in development credit in
the last 10 years, with the highest nominal value
contracted in 2021.

Financing in line with the guidelines of the National Policy for Regional
Development (PNDR).
PRIORITY MUNICIPALITIES
Contracting National Policy
R$ 13.1 billion in for Regional Development - PNDR
development

Agribusiness
R$ 8.5
R$ 8.2 billion
Small billion
R$ 6.0 Infrastructure
(59%) billion
R$ 6.3 billion for R$ 2.9 billion in support of infrastructure
micro and small projects set up in the Amazon
FNO Verde 41 %
entrepreneurs

Traditional
42.4%
FNO Verde 100% Municipalities Border strip Microcredit
57.6%

450 municipalities served in the R$ 3.3 billion R$ 205 million new contracting in
North 2021

Encouraging the
Credit guidelines

Green
Livestock use of agroforestry
Incentive systems

PUBLIC
PRIVATE
PARTNERSH
Support for IPS Financing for
ecologically public concessions
innovative projects and PPPs
Multiannual
Plan
PPA

Under the PPA 2020-2023, Banco da Amazônia is responsible for 10 (ten)

initiatives that are consolidated into 04 indicators, by which it confirms its
importance for the achievement of public policies of a regional nature,
when acting in the programs.

Regional Tourism
R$ 22.6 million in 44 operations The Multiannual Plan (PPA)
structures the process of
government planning and
MPEIs articulates the budget process of
R$ 573.9 million in 2,796 operations the Federal Government.

The amounts realized in 2021

Regional Culture refer to the
R$ 2.4 million in 01 operation financing granted with funds from
the North Constitutional Regional
Fund (FNO)
Sustainable Regional Development
R$ 12.5 billion in 23,231 operations

PLANO SAFRA

Important initiative to support the development and strengthening of family-based agriculture.

R$ 5.2 billion R$ 394.9 million R$ 283.5 million

contracted in 10 years Plano Safra Plano Safra
20/21 21/22

MICROCREDIT
BASA is a reference in microcredit in the Amazon region, working in partnership with partnering
companies, according to the National Program for Oriented Productive Microcredit (PNMPO).

R$ 215.6
Microfinance Millions
Units. Customers
contracted served
Sustainability

Induction of sustainable Financial support to the

business models production chain,
through credit from the family farmer
to the infrastructure

The funds raised

finance regional Benefits generated in
production activities the funded enterprises:
generation of jobs,
salaries and taxes

FNO IS GREEN!
Direct planting in straw; Integration of farming,
livestock and forestry; low carbon agriculture; green
livestock; family farming; sanitation projects, renewable
energy and much more!
R$ 7.1 billion contracted

R$ 205 MILLION URBAN MPO

CONTRACTED IN 2021 IN THE 58% are women in the
NATIONAL ORIENTED portfolio of the Amazônia
PRODUCTIVE MICROCREDIT Florescer Program
PROGRAM (PNMPO)

Launched in December 2021, the

PECUÁRIA VERDE product aims to
R$ 512.6 MILLION mitigate the environmental and climate risks
associated with traditional livestock,
PRONAF through the insertion of ecosystem and
technological services according to the
In support of family profile of the producer.
farming in 2021
GOALS APPLIED TO
MEET PUBLIC

POLICIES Basa's operations are totally focused on the

sustainable development of the Legal Amazon, with
funds raised through demand and time deposits
directed to loans and financing for production
activities.

Within the scope of the FNO, we highlight the 19% growth in contracted amounts
and 22% in the amount of operations realized in comparison to 2020, with the
allocation of funds in line with the National Regional Development Policy (PNDR)
and the Regional Development Plan of the Amazon (PRDA).

23.231

19.029

R$ 12,5 bi
R$ 10,5 bi

Qty Amount

In line with the PNDR guidelines, R$ 8,571.2 million (68% of the total volume
invested) was allocated to municipalities classified as Low and Middle Income,
with an amount distributed in 20,489 operations that corresponded to 88% of the
total amount. Compared to 2021, the growth in the application to Low and Middle
Income was 9.13% (R$ 7,854.00 contracted in 2020).

Contracting by municipality according to PNDR typology (R$ billion)

R$ 8.56 bi

R$ 3.93 bi

Low and Middle Income High income

The municipalities that are part of the Border Strip of the Northern Region, which
constitute priority areas of the PNDR for FNO financing, received special attention in the
granting of credit in the year 2021.All municipalities were served with financing from the
Fund, which totaled R$ 3,346.12 million (growth of 23.07% compared to 2020, when R$
2,718.70 million were funded).In 2021, 6,501 credit operations were contracted.

Contracting by municipality of the border strip

97 municipalities
served

06 States
From north

R$ 3.3 billion
5,213
contracts

Small entrepreneurs were awarded 51% of the amounts funded. Thus,

R$6,371 million were allocated to family producers, mini and small rural
producers and micro and small companies, which form the basis for greater
employment and income generation in the local economy.

Contracting by size of the borrower (R$ billion)

Micro Small Small, Medium Medium Large

 62% of the contracting carried out in 2021 were intended for investment projects that
provide business sustainability.

Contracting by purpose (R$ million)

Funding Investment Working Capital

In 2021, 12,396 credit operations were contracted, formalized by entrepreneurs who operated
for the first time with FNO funds, representing 53.36% of the total contracted operations, in
the amount of R$ 4,370.1 million (34.9% of the global funding). The contracting carried out by
the new entrepreneurs of the FNO showed a growth of 21.5% in relation to the year 2020.

Amount (R$ mm)

Acre Amapá Amazonas Pará Rondônia Roraima Tocantins

Microcredit

The Oriented Productive Microcredit (MPO) is a strategic product of Banco da Amazônia,

which has social and economic relevance for serving micro-entrepreneurs in the urban
and rural sectors.
In 2021, R$ 215 million were invested in this financing line, with a growth of 108%
compared to the amount contracted in the previous year (R$ 103 million). For the year
2022, more than R$ 411 million will be offered to microcredit.

R$ 411 million 24 Microfinance Coverage of

for 2022 Units Northern Region

For 2022 will be launched the

microcredit product for
them, in support and
encouragement of
local entrepreneurs.
 PRONAF / UF Contracts (R$ million)

Amapá Amazonas Pará Rondônia Roraima Tocantins

In 2021, the amount of R$ 512.8 million 22 INDIGENOUS FAMILIES

was funded in support of family-based
agriculture (4.1% of the total volume
financed) and 13,336 credit operations
were contracted (57.4% of the operations
contracted). There was a significant growth
both in the contracted amount and in the
number of operations.

RECEIVED CREDIT
FROM PRONAF B

Basa Digital
Banco da Amazônia, through the
facilitates access
Basa Digital platform, seeking digital
to financing
innovation and promoting sustainable
through Pronaf
and inclusive development, signed
4,675 operations in the total amount
of R$ 53.8 million.
The Amazon Region has specific needs that represent real challenges for it to
reach higher levels of sustainability and social development, highlighting the
implementation of an economic infrastructure capable of facilitating the storage,
flow and commercialization of production.

Sensitive to this reality, infrastructure constitutes one of the priority axes of the
Regional Development Plan for the Amazon (PRDA), which directs the
North Constitutional Regional Fund (FNO) investments. In this regard, the
infrastructure projects had the support of R$ 2,876.4 million (23% of the
funding carried out) through the contracting of 13 credit operations, which
positively impact the economic and social scope of the region, to the
entrepreneurs and local society.

FNO INFRA / UF Contracts (R$ million)

18

Acre

Amapá

Amazonas

Pará

Rondônia

Roraima

Tocantins
FUNDS FOR
FUNDING THE
PUBLIC
POLICIES Banco da Amazônia is the executing agent of
governmental public policies in the Legal Amazon
(PROGRAMS) and, for that, it uses several sources of funding. The
main sources of funds are:

NORTH CONSTITUTIONAL REGIONAL

FUND (FNO)

Created by the Federal Constitution of 1988 and regulated by Law

No. 7.827/89. FNO has its funds from 0.6% of the proceeds from the
collection of the tax on income and earnings of any nature and the tax
on industrialized products to be applied in the financing of economic
activities developed on a sustainable basis in the North Region.

DEVELOPMENT FUND
OF THE AMAZON (FDA)

It is intended to finance private ventures located in the Legal Amazon,

in accordance with the guidelines and priorities approved by the
Deliberative Council of the Superintendence for the Development of
the Amazon (CONDEL/SUDAM), limited to 60% of the total
investment and 80% of the fixed investment of the project.

MERCHANT NAVY FUND (FMM)

It serves Brazilian shipping companies (legal entities), constituted

according to Brazilian laws, authorized to operate with headquarters
in the country, whose purpose is waterway transport, own or
chartered.

FUNDS OF NATIONAL BANK FOR ECONOMIC AND

SOCIAL DEVELOPMENT (BNDES)

The Bank transfers funds from the BNDES to financing aimed at

supporting enterprises in the rural and non-rural sectors by financing
investment projects and the acquisition of machinery, equipment and
agricultural implements.

FUNDS OF THE GENERAL BUDGET OF THE UNION

(OGU)

As a financial agent of the OGU, whose funds aim to serve, with

funds from PRONAF, family farmers in the Amazon region, their
cooperatives and associations and legal entities formed exclusively
by family farmers.
ECONOMIC-FINANCIAL
IMPACTS OF THE
OPERATIONALIZATION
Banco da Amazônia directs funds in line with the main
OF PUBLIC POLICIES instruments that guide government guidelines that will
have an impact on the Bank's strategic positioning
and on the planning of fund investments.

National Policy on
Regional Regional Development Plan for
Development the Amazon

Strategic Plan Multiannual Plan Fund Investment Plan

PPA

Banco da Amazônia has been working over the years to strengthen credit control and
management measures, with greater operational efficiency.
These actions allowed for a considerable growth in the volumes of financing carried out,
with an improvement in the portfolio's quality indices, which impacted the availability of
funds through reimbursements that exceed the values of inflows by the National Treasury,
as shown below.

Amounts
Amounts refunded Flow to
transferred
Fund/Program to the Federal December/2021 (a-b)
by the Federal
Treasury
Treasury (a)

FNO 3,244,251,484.36 7,238,556,854.19 -3,994,305,369.83

FDA 0.00 435,916,893.44 -435,916,893.44

FMM 0.00 0.00 0.00

OGU/STN 0.00 330,616.15 -330,616.15

TOTAL 3,244,251,484.36 7,674,804,363.78 -4,430,552,879.42

* In the column “Amount Refunded to the National Treasury”, the amount referring to the FNO
corresponds to the amortizations and recoveries of the FNO that return to the Fund's available.
COMMENT FROM
OFFICERS
Amid the challenges of the territorial dimension;
given the low levels of human, social and economic
development that are included in the so-called
"Amazonian cost", Basa operates with efficient
management of funds, with financial results, returns
and default levels within the established levels.

Evolution of PL FCF's (R$ billion)

FNE FCO FNO

Profitability on PL FCF's

FNE FCO FNO

Averag
e
The history of the North Region's default rate in relation to the National Financial
System, demonstrates the size of the challenge that is to implement public policies
that prioritize long-term investments and support for smaller entrepreneurs, who
present greater credit risk, and the data shows that Basa has expanded its credit
portfolio with quality.

Comparison of the default rate

Northern SFN BASA - FNO North

Region North

In addition to the growth in investments in development funds, the Bank has

expanded its commercial credit and fundraising portfolio, the former being
important to meet the immediate demands of entrepreneurs, and funding increases
the volume of funds made available through loans and financing.

Commercial Credit (R$ million)

 Fundraising (R$ million)

The actions promoted by Basa have repercussions on the institution's

performance, presenting a good net income with a growth of 177% over the
amount calculated in 2020 and growth in non-operating income.

Net income Performance Analysis

R$ Million

R$ Thousand 4Q21 4Q20 2021 2020

Income from Financial Intermediation 502,581 224,574 123.8 1,411,897 950,361 48.6

Financial Intermediation Expenses

(331,495) (92,228) 259.4 (894,269) (589,818) 51.6
Gross Income from Financial Intermediation 171,086 132,346 29.3 517,628 360,543 43.6

Other Operating Income

688,754 476,232 44.6 2,197,525 1,760,424 24.8
Other Operating Expenses (460,516) (545,637) -15.6 (1,588,674) (1,716,904) •7.47

Operational result 399,324 62,941 534.4 1,126,479 404,063 178.8

Non-Operating Result 288 373 -22.8 234,689 1,175 19,873.5

Recurring Income Income Before Taxation
399,612 63,314 531.2 1,361,168 405,238 235.9
R$ Million Taxes on Profit
(35,944) 98,124 -136.6 (573,074) (119,622) 379.1
Profit Sharing (50,255) (20,048) 150.7 (50,255) (20,048) 150.7

Net Profit 313,413 141,390 121.7 737,839 265,568 177.8

Interest on Equity
(141,988) (76,479) 85.7 (141,988) (76,479) 85.7
Dividends (54,495) - (54,495) -

Earnings per Share 10.57187 4.76928 121.7 24.88833 8.95798 177.8

CONTRIBUTION TO THE
DEVELOPMENT OF THE
AMAZON REGION

The performance of Banco da Amazônia is based on

the effectiveness of funding that translates into
socioeconomic impacts generated in the region.

To project the socio-economic impacts generated by the

financing of productive activities in the rural and urban
sectors, the Input-Output Matrix (MIP) methodology is
used, with estimates of the values added by the financed
projects during the period of their implementation,
considering an average term of 7 years old.
In 2021, the Bank reached the level of R$ 12.5 billion in
total operations contracted with FNO funds. The
investment of this amount was of fundamental importance
for the regional economy, in view of its investment in
raising the product, in income, wages and collection of
internal taxes and in other regions with which economic
flows are established.

Salaries
R$ 19.8 billion

Taxes
GDP
R$ 29.9 billion
R$ 103.0 billion
Contratação FNO
R$ 12,5 bilhões

VBP Jobs
R$ 199.2 billion 1.8 million
STRUCTURES OF
INTERNAL
CONTROLS AND
RISK
MANAGEMENT

Banco da Amazônia uses the COSO framework – Integrated

Structure, considering its components and principles, and adopts the
three lines of defense model as an internal control methodology,
which ensures the qualifications and responsibilities of all areas of
the institution, which contributes for the effectiveness of internal
controls and the generation of sustainable results.

Lines of defense and their responsibilities:

2nd Line 3rd Line

Risk and Internal
1st Line
Control Audit
Risk
Management
Owners

- Manage risks and - Audit the credit process

- Carry out tests on the and recommend corrective
controls to provide process controls,
quality credit to the actions;
observing compliance with - Evaluate the
customer; the policies and rules of
- Maintain appropriate effectiveness of controls
procedures; based on process risks
policies and rules for - Identify opportunities for
the credit process. process optimization
(improvements).

This structure seeks to identify, assess, manage and monitor risks and controls in
an integrated manner. Thus, this model culminates in the definition of
responsibilities and attributions of each area of the Bank, with the objective of
mitigating the risks existing in the company's activities. In turn, the Bank's main risk
management and control policies are established and segregated into: Corporate
risk policies; Social and environmental responsibility policies; Internal controls
policy and; Compliance Policy.
RISK
FACTORS Banco da Amazônia monitors and manages
risks through specific actions, and given its
nature and performance, assesses social,
environmental and reputational risks with a
view to strengthening its institutional
positioning

Risk management is carried out based on the guidelines established in the Corporate
Risk Policy and in the Operational Risk Management normative (NP 204), which provides
for the mapping, classification of risks and definition of mitigating actions, always in line
with the rules of the National Monetary Council and the Central Bank of Brazil.

We work with different indicators for each type of risk. The indicators
monitored are:
 Market and Liquidity Risk: Interest rate and price indices;
 Operational Risk: External fraud, internal fraud, service failure, IT failure, lawsuits (labor
and civil);
 Credit risk: HHI and;
 Social and Environmental Risk: ESG Rating.

The main Strategic Risks are:

 Risk of Default (increase in PCLD);
 Legal Risk - Change in rules or in the availability of the FNO and;
 Legal Risk - Non-compliance with legislation (labor and social security).

In addition to the above risks, the most relevant Climate Risks are monitored for the
Bank, which are:
 Modeling risk of the socio-environmental and climate risk management process of the
credit portfolio;
 Risk of image damage by association with social, environmental and climate risk;
 Collapse in critical infrastructure for the institution resulting from climate change and;
 Pandemics.
COMPOSITION AND
REMUNERATION OF
MANAGEMENT
The remuneration policy of Banco da Amazônia's
Managers considers the managers who make up the
Bank's Board of Directors and Executive Board.
The policy also includes the remuneration of the
members of the Audit Board.

The remuneration of the members of the Board of Directors and the Audit Board is
composed solely of fees, while the remuneration of the Executive Board includes other
items, such as Variable Remuneration of Managers (RVA), direct and indirect benefits,
as shown in the tables below.

Annual remuneration of the members of the Executive Board, the Board of Directors and the
Audit Board of Banco da Amazônia – Amounts in R$ 1.00.

Executive Board Board of Directors Audit Board

Year
2021 2020 2019 2021 2020 2021 2020 2019
Number of Members 6 6 6 7 7 7 4 4 4

Number of Members Remunerated 6 6 6 7 7 7 4 4 4

Highest remuneration value 481,710.32 481,710.32 481,710.32 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08

Lowest remuneration value 423,798.96 423,798.96 423,798.96 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08

Average amount of remuneration 433,450.85 433,450.85 433,450.85 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08 43,345.08

Composition of the Remuneration of the Members of the Executive Board - Period from January/2021
to December/2021 - Amounts in R$ 1.00.

Position President Director Director Director Director Director President Director

Francimar Luiz Otávio Roberto Batista Marivaldo Luiz Cláudio
Valdecir José de Fábio Yassuda Luis Petrônio
Holder of the Position Rodrigues Monteiro Schwartz Martins Gonçalves de Teixeira
Souza Tose Maeda {****•> Nunes Aguiar
Maciel Maciel Júnior de Paula Melo (*•*•) Sampaio (****)

Christmas Bonus 37,054.64 32,599.92 32,599.92 32,599.92 32,599.92 32,599.92 0 0

Vacation Bonus 12,351.55 10,866.64 10,866.64 10,866.64 10,866.64 10,866.64 0 0

Food Assistance (♦**) 10,974.84 10,974.84 10,974.84 10,974.84 10,974.84 10,974.84 0 0

Housing assistance (*) 0.00 21,600.00 0.00 21,600.00 0.00 0.00 0 0

Variable salary (**) 145,580.45 0.00 130,730.05 136,975.61 130,622.77 80,285.98 19,555.85 40,979.85

* Benefit only for those who had to change domicile for the exercise of the position.
** If all the goals stipulated by SEST are reached and already contemplating the bonus for exceeding goals of up to 2 remunerations
*** Total amount received during the year
**** Board members dismissed in previous years who, however, were entitled to the deferred portion of the RVA referring to past years
***** Director Fábio Maeda was not entitled to the RVA for the year 2020, paid in 2021, since he took office in November / 2020 (not eligible for the program)
 Composition of the Remuneration of the Members of the Board of Directors - Period from
January/2021 to December/2021 – Amounts in R$ 1.00.

Holder Position Period Remuneration (*)

Andréa Maria Ramos Leonel President 01.01 to 12.31 3,612.09
Valdecir José de Souza Tose Member 01.01 to 12.31 3,612.09
Fabio Malina Losso Member 01.01 to 12.31 3,612.09
Antônio Carlos Villela Sequeira Member 01.01 to 12.31 3,612.09
Erik Alencar de Figueiredo Member 02.11 to 12.31 3,612.09
Alexandre Pedercini Issa Member 01.01 to 20.04 3,612.09
Lauro Arcângelo Zanol Member 05.13 to 31.12 3,612.09
Inálio Vieira Cruz Member 01.01 to 12.31 3,612.09

* Monthly remuneration, including Christmas bonus (deferred between months)

Composition of the Remuneration of the Members of the Audit Board - Period from
January/2021 to December/2021 - Amounts in R$ 1.00.
Holder Position Period* Remuneration
Rogério Gabriel Nogalha de Lima Effective Member 01.01 to 28.02 3,612.09
Roberto Beier Lobarinhas Effective Member 01.01 to 31.12 3,612.09
Antônio José Barreto de Araújo Júnior Effective Member 01.01 to 30.05 3,612.09
Lauro Arcângelo Zanol Effective Member 01.01 to 30.04 3,612.09
Marília Moreira Garcez Effective Member 03.31 to 09.30 3,612.09
Amir George Francis Mata Effective Member 05.31 to 12.31 3,612.09
Ricardo Sada Japp Alternate Member 05.31 to 07.31 3,612.09
Rodrigo Rodrigues Tiraboschi Alternate Member 10.31 to 12.31 3,612.09
* Including Christmas bonus (deferred in months)
 Other Relevant Information about the

economic and financial performance in 2021

Financial

Results Financing

The growth of net and The financing with

recurring income; of
Shareholders' Equity and
reference, associated with the
results achieved in the
financing indexes, reaffirm
BASA's commitment to the
implementation of public
policies and to the generating
solid results.
FNO funds reached the
record amount of R$12.5
billion and on the other hand, it was
portfolio quality maintained
with efficient management of
expenses and an increase in
operating income.
Credit

RELEVANCE IN FINANCING
IN THE NORTH REGION

BANCO DA AMAZÔNIA'S PARTICIPATION IN

FUNDING IN THE NORTHERN REGION REACHED
60.50% OF THE TOTAL; BEING 19.84% IN
AGRIBUSINESS AND 14.50% IN PRONAF.

"BEING THE MAIN DEVELOPMENT BANK

FROM THE AMAZON, BEING MODERN, WITH ENGAGED
EMPLOYEES AND SOLID RESULTS".
 Social performance
VOLUNTEERING PROGRAM

Happy McDay Campaign - Solidarity Action

Solidarity Campaign - 2021 2021
7,500 toys were donated to 15
We achieved a total The Banco da Amazônia registered institutions that serve
collection of more than 50 Volunteer Program: various communities in the North
thousand items, including engagement and region.
non-perishable foods, basic participation of our A successful action like this
food baskets, hygiene employees, promoting a motivates us to carry out more
materials, etc., in addition to change in attitude and projects of this nature, promoting
more than R$ 111,000 in culture in the the development of several
financial funds. Organization. families in the North region.
All material and value
collected was directed to the
13 non-profit entities
that signed a partnership
agreement with BASA,
efforts aimed at lowering the
social and economic impacts
caused by the new DONATION OF 100 MICROCOMPUTERS TO
Coronavirus pandemic on NON-PROFIT ENTITIES OF
these entities. TEACHING AREA, TO YOUNG PEOPLE IN NEED.

Espaço Cultural Banco da VIVA MAR Public Selection Call Notice SOCIAL PROJECTS
Amazônia Sponsorship
Developing an Educational and 97 Projects approved in the Public Call for Projects -
3 projects ranked by the Environmental Vision on Pollution cultural, sports, exhibition, Federal Law for Incentive to
technical evaluators and Preservation of Marine social and environmental Culture
Ecosystems. segments.

R R$
Thousand R$ Thousand Million R$ Thousand
$ budget Invested
 MANIFESTATION BY THE BOARD OF DIRECTORS

The Board of Directors of BANCO DA AMAZÔNIA S.A. declare that approved on

this date the Annual Letter of Public Policies and Corporate Governance, for the
year 2021, in accordance with item I of art. 8 of Law No. 13.303/2016.

ON MAY 16, 2022.

ANDREA MARIA RAMOS LEONEL

CHAIRWOMAN

VALDECIR JOSÉ DE SOUZA TOSE

LAURO ARCANGELO ZANOL

ANTÔNIO CARLOS VILLELA SEQUEIRA

ERIK ALENCAR DE FIGUEIREDO

FÁBIO MALINA LOSSO

INÁLIO VIEIRA CRUZ