Banestes SA - Banco do Estado do Espírito Santo's board approved intermediate interest on equity payment equivalent to 249,000 Brazilian reais tied to its second-half 2016 results.

The payment, which equates to about 0.08 of a Brazilian centavo for each common and preferred share, is still subject to shareholder approval.

As of Jan. 31, US$1 was equivalent to 3.13 Brazilian reais.