Brazil's southernmost state owns a bank — and after a year of catastrophic floods ravaged its home market, that bank just posted its best profit in years. Banrisul is nearly a century old, still majority state-controlled, and quietly one of the highest-dividend payers on the São Paulo exchange. Full nameBanco do Estado do Rio Grande do Sul S.A. Tickers / exchangeBRSR3 (ordinary), BRSR5 (preferred-A), BRSR6 (preferred-B, most liquid) — B3, São Paulo HeadquartersRua Capitão Montanha, 177, Porto Alegre, Rio Grande do Sul, Brazil SectorFinancial Services — Regional Bank Employees9,394 Market …
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