3Q09 Conference Call Presentation Agenda Page 3 Page 9 Market - PowerPoint PPT Presentation

3Q09 Conference Call Presentation

Agenda Page 3 Page 9 Market Comments Quality of Loan Portfolio Page 4 Page 11 Efficiency Ratio Liquidity Page 12 Page 5 Funding and Loan Portfolio Profitability Page 6 Page 13 Middle Market and Trade Finance Capital Structure Page 7 Page 14 Daycred - Payroll 3Q09 Highlights Page 8 Daycred - Auto Loans Closing Statements 2

Market Comments Demand for credit is rising Level of margins remains high Credit Quality is beginning to show improvement Funding liquidity is surprisingly positive – “ debentures ” could further intensify this trend The reheating up of the economy will depend upon the behavior of interest rates 3

Liquidity : positive gap between liabilities and assets in maturities over the next 12 months Cash / Total Deposits – % Cash Evolution - R$ Million 87.1 1,674.1 1,511.21,708.7 74.4 73.3 64.8 1,197.3 1,138.3 44.1 3Q08 4Q08 1Q09 2Q09 3Q09 3Q08 4Q08 1Q09 2Q09 3Q09 % Funding - Outstanding Operations – 3Q09 % Loan Portfolio - Outstanding Operations – 3Q09 3% 1% 6% 22% 14% 34% Average Term of Average Term of Funding Portfolio: Loan Portfolio: 26% 28% 505 days 402 days 33% 33% No maturity Up to 3 months Up to 3 months From 3 to 12 months From 3 to 12 months From 1 to 3 years From 1 to 3 years From 3 to 5 years From 3 to 5 years Over 5 years 4

Funding & Credit Portfolio : strong growth of time deposits Funding – R$ Million Breakdown of Funding 3,975 3,264 3,567 Funding (R$ MM) 3Q09 2Q09 Chg. % 15 % 18 % 18 % Total Deposits 2,331.4 2,031.0 14.8% 17 % 17 % 20 % Demand Deposits + Other Deposits 92.0 81.2 13.3% 68 % Time Deposits 2,088.7 1,681.8 24.2% 65 % 62 % Interbank Deposits 150.7 268.0 -43.8% Foreign Issuances 589.5 640.1 -7.9% 3Q08 2Q09 3Q09 Borrowing and Onlending 646.1 593.2 8.9% Total 3,567.0 3,264.3 9.3% Total Deposits Foreign Issuances Borrowing and Onlending Breakdown of Loan Portfolio (*) – 3Q09 Loan Portfolio - R$ Million 4,627 3,656 Middle Market / Trade 3,533 19% 163 Finance 199 3,493 3,334 Payroll 26% 55% Auto Loans 3Q08 2Q09 3Q09 Credit assignments (*) includes credit assignments 5

Middle Market + Trade Finance : relevant recovery of the segment Average Ticket – Middle Market + Trade Finance – 3Q09 Middle Market + Trade Finance - R$ Million Per Per Final Balance R$ Trade Finance Volume Client 2,813 Middle Market 201 < 500,000 7.7% 64.4% 1,994 1,860 500,000 to 1 million 8.6% 13.0% 185 2,612 155 1 to 3 million 21.6% 13.7% 1,705 1,809 3 to 5 million 14.3% 4.0% 5 to 10 million 21.3% 3.3% > 10 million 26.4% 1.6% 3Q08 2Q09 3Q09 Total 100.0% Sectors Breakdown – Middle Market – 3Q09 Geographic Distribution – Middle Market – 3Q09 11% 5% Southeast 17% 6% 12% Industry South Services Northeast 45% 32% Commerce 13% Mid-West 59% Other North 6

Daycred Payroll: strong production thanks to the good moment the segment is experiencing Total Loan Portfolio (*) - R$ Million Total Loan Portfolio 3Q09 – R$ 957 MM 8% 7% 1% INSS 957 899 869 854 838 9% Federal Government Army Law Courts and Legislative Bodies 18% 41% Municipalities 16% Other 3Q08 4Q08 1Q09 2Q09 3Q09 Private (*) Includes credit assignments Total Production 3Q09 – R$ 158 MM Total Production – R$ Million 1% 3% 3% 1% INSS 183 Federal Government 158 139 Army 42% 68 83 Law Courts and Legislative Bodies 37% Municipalities 13% Other 3Q08 4Q08 1Q09 2Q09 3Q09 Private 7

Daycred Vehicles : reduction of the portfolio continues to be our strategy Total Loan Portfolio (*) – R$ Million Total Loan Portfolio 3Q09 - R$ 706 MM 946 892 835 774 706 14% Small Vehicles 20% Heavy-duty Vehicles 66% Motorcycles 3Q08 4Q08 1Q09 2Q09 3Q09 (*) Includes credit assignments Total Production - R$ Million Liquidity of Auto Loans Portfolio - % R$ MM % Aug/06 to Jun/09 Accum. PMT´s received in advance 184 239.7 33.7% 33.7% PMT´s received on date of maturity 96.6 13.6% 47.3% PMT´s received with delay of 30 days 224.7 31.6% 78.9% PMT´sreceived with delay of 60 to 120 days 79.2 11.1% 90.0% 20 19 20 18 PMT´s received with delay over 120 days 11.2 1.6% 91.5% PMT´s overdue 60.5 8.5% 100.0% Liquidity of the Auto Loans Portfolio 651.4 91.5% 3Q08 4Q08 1Q09 2Q09 3Q09 Outstanding PMT´s Total Amount 712.0 100.0% 8

Portfolio Quality : (1) reduction of the LLP is one of the quarter's highlights Balance and Establishment of Provision - R$ Million 249 258 Establishment of Provision - 3Q08 4Q08 1Q09 2Q09 3Q09 R$ MM 149 Middle Market + Trade 29.0 44.6 39.0 41.5 37.3 Finance 79 68 52 Payroll 7.4 4.6 7.0 7.1 6.0 Auto Loans 15.2 18.5 29.2 30.5 24.9 Total 51.6 67.7 75.2 79.1 68.2 3Q08 2Q09 3Q09 Balance of Provision Establishment of Provision LLP / Past due operations > 60 days 166 % 163 % Past due operations > 60 days - 129 % 3Q08 4Q08 1Q09 2Q09 3Q09 R$ MM 155 153 Middle Market + Trade Finance 98.9 104.9 120.6 120.9 123.7 116 Payroll 3.9 4.8 5.4 6.5 6.2 Auto Loans 12.7 17.3 21.7 25.7 25.3 Total 115.5 127.0 147.7 153.1 155.2 3Q08 2Q09 3Q09 Past due operations LLP / Past due operations (1) Unconsolidated: excludes FIDCs and Credit assignments 9

Credit Portfolio Quality Total Provisions – 3Q09 Risk (excludes FIDCs and assignments) – 3Q09 Total Loan Portfolio (excludes FIDCs) Portfolio R$ Provision R$ 3Q09 % AA - C MM MM 89% Middle Market 1,993.8 57.3% 154.2 Payroll 864.2 24.8% 24.1 Auto Loans 460.5 13.2% 79.7 Subtotal 3,318.5 95.3% 258.0 D - H Credit Assignments 163.4 4.7% 1.2 11% Total 3,481.9 100.0% 259.2 Total Provisions / Portfolio 7.4% 10

Efficiency Ratio : control of expenses continues being one of the Bank's focal points 3Q09 2Q09 Chg. % 3Q08 Chg. % Personnel Expenses (15.5) (15.5) 0.0% (18.3) -15.3% Other Administrative Expenses (15.7) (17.2) -8.7% (17.4) -9.8% Subtotal (31.2) (32.7) -4.6% (35.7) -12.6% Comission Expenses (total) (1) (11.0) (11.1) -0.9% (23.3) -52.8% Payroll (6.1) (6.0) 1.7% (11.9) -48.7% -1.5% Auto Loan (4.9) (5.1) -3.9% (11.4) -57.0% Total (42.2) (43.8) -3.7% (59.0) -28.5% (1) In 3Q08, excludes non-recurring effects of adjustment to anticipated appropriation of commissions related to the FIDC Auto in the amount of R$5.9 million. Efficiency Ratio - % 29.0 28.0 25.8 32.0 23.2 22.7 3Q08 2Q09 3Q09 Quarterly Last 12 months 11

Profitability : increase of profits and ROAE along with maintenance of the NIM Net Income - R$ Million 179.8 128.6 47.1 42.0 38.5 3Q08 2Q09 3Q09 9M08 9M09 ROAE - % Net Interest Margin (NIM) - % 12.2 13.0 12.2 10.7 9.8 9.8 11.7 11.6 3Q08 2Q09 3Q09 3Q08 2Q09 3Q09 NIM excluding profit from exposure to foreign currency 12

Capital Structure: continued low level of leveraging Shareholders’ Equity – R$ Million Basel Index - % 1,631.1 1,646.3 30.5 1,612.1 29.3 25.6 3Q08 2Q09 3Q09 3Q08 2Q09 3Q09 Loan Portfolio / Shareholders’ Equity - times 2.9 2.0 1.9 3Q08 2Q09 3Q09 13

3Q09 Highlights Net income up 9.1% compared with 2Q09 to R$42.0 million Balance of credit portfolio up 3.5% to R$3,656.4 million at end-September 2009; Quarter-over-quarter growth of 24.2% in time deposits , which reached R$2,088.7 million in 3Q09. Balance of total funding up 9.3% to R$3.6 billion; Loan loss provision (LLP) expense down 13.8% compared with 2Q09 Significant rise in debt recovery , which totaled R$12.6 million, compared with R$7.1 million in 2Q09 Administrative and payroll expenses decreased 4.6% compared with 2Q09 New share buyback program approved, authorizing repurchase of roughly 1.5 million preferred shares New authorized direct debit service launched, offering all customers and clients more agility, convenience and security 14