Institutional presentation 3 q17

1. 3Q17 Institutional
Presentation

2. Profile and History
Business Strategy
Corporate Governance
Economic Overview
Results

3. Pine
Bank Profile
 Focused on establishing long-term relationships
 Fast response | Specialized services
 Customized products | Product diversity
 R$6,318 million in Loan Portfolio
 R$915 million in Shareholders’ Equity
 Presence in Brazil’s major cities and business capitals:
 São Paulo, matriz
 Curitiba
 Porto Alegre
 Rio de Janeiro
 Ribeirão Preto
 Business is structured along three primary business lines:
 Corporate Credit: credit and financing products
 FICC: instruments for hedging and risk
management
 Pine Investimentos: Capital Markets, Financial
Advisory, Project & Structured Finance and
Research
Investor Relations| 3Q17 | 3/36
Ownership Structure
Sept/29
ON PN Total %
Controlling Shareholder 65,178,483 17,228,694 82,407,177 68.01%
Management - 8,961,122 8,961,122 7.40%
Free Float - 26,140,822 26,140,822 21.57%
Individuals - 8,902,891 8,902,891 7.35%
Institutional Investors - 6,621,818 6,621,818 5.46%
Foreign Investors - 2,929,318 2,929,318 2.42%
DEG - 5,581,714 5,581,714 4.61%
Proparco - 2,105,081 2,105,081 1.74%
Total 65,178,483 52,330,638 117,509,121 96.98%
Treasury - 3,662,903 3,662,903 3.02%
Total 65,178,483 55,993,541 121,172,024 100.00%

4. 155 184 222 341 521 620 755 663 761 1,214
2,854 3,105
4,192
5,763
6,963
7,911
9,920 9,826
6,933
6,445 6,318
18
62
121 126 140 136 152 171
209
335
801 827 825
867
1,015
1,220
1,272 1,256
1,163 1,148
915
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
sept-17
Corporate Credit Portfolio (R$ Million)
Shareholders' Equity (R$ Million)
3Q17
Reassessment of the Bank’s portfolio
History
1997
Noberto Pinheiro sell
his stake in BMC and
found Pine
1939
Pinheiro Family
founds
Banco Central do
Nordeste
1975
Noberto Pinheiro
becomes one of
BMC’s controlling
shareholders
2005
Noberto Pinheiro
became Pine’s
controller
Devaluati-
on of the
real
Nasdaq Sept. 11 Brazilian
Elections
(Lula)
Subprime
Russian
Crisis
European
Community
2007
Discontinuation of the payroll-deductible loan
business, with changes in the corporate business
strategy. Hence, there was a creation of Pine
Investimentos, besides the opening of the Cayman
branch
October, 2011
Subscription of Pine’s capital by DEG
August, 2012
Subscription of Pine’s capital by DEG, Proparco, Controlling Shareholder and Management
2015
Portfolio deleveraging strategy due to an political and economic scenario
March, 2007
IPO
May, 2017
20 years
Car-Wash
Investor Relations| 3Q17 | 4/36

5. Profile and History
Business Strategy
Corporate Governance
Economic Overview
Results

6.  Meets once a week – reviewing on ~ 25 proposals
 Mandatory Quorum: 5 members
Committee Members:
 President
 Vice-President for Business
 Vice-President Administrative
 Vice-President for Corporate and Investment Banking
 Credit Superintendent
Superior Committee Members:
 Two members of the Board
Participants:
 FICC Director
 Credit Analysts Team
 Other members of the Corporate Banking origination
team
Actions Credit Committee
 Personalized and agile service, working closely with clients and
keeping a low client to account officer ratio: each officer
handles ~15 economic groups
 Geographic coverage of clients, providing the bank with local
and extremely up-to-date credit intelligence and information
 Established long term relationships with more than 500
economic groups
 Pine has approximately 20 professionals in the credit analysis
area, assuring that analysis is fundamentally driven and based
on industry-specific intelligence
 Efficient loan and collateral processes, documentation, and
controls, which has resulted in a low NPL track record
Corporate Credit
Origination
Officers
Credit origination
Credit analysis, visit to
clients, data updates,
interaction with internal
research team
Credit Analysts
Regional Heads of
Origination and
Credit Analysis
Presentation to the Credit
Committee
Directors and
Analysts of Credit
Centralized and
unanimous decision
making process
CREDIT
COMMITTEE
Discussion on sizing,
collateral, structure etc.
Superior
Committee
Approval
Tickets over R$ 15 MM
Credit Approval: Electronic Process
Investor Relations| 3Q17 | 6/36

7. FICC
Market Segments Competitive Advantages
Sample Transaction
 One Stop Shop: credit and risk mitigation
 Every transaction demands prior credit approval
 Collaterals surpass approved derivative’s limits
 Agility| Client Focused| Diversification
 Average of 30 days to close a derivative transaction (domestic
large banks average - 90 days)
 Currencies (91%): Dollar, Euro, Yen, Pound, Canadian
Dollar, Australian Dollar
 Commodities (3%): Sugar, Soybean ( Grain, Meal and Oil),
Corn, Cotton, Metals, Energy
 Fixed Income(6%): Fixed, Floating, Inflation, Libor
Treasury hedges the
transaction
Transaction closed
Treasury informs the spot
price
Global Derivatives
Agreement
(ISDA Master Agreement)
• Limits
• Types of Derivatives
• Collaterals
• Market Risk: 100% Hedged
• Limits
PINE
Credit Analysis
Process
FICC
• Credit Analysis
• Collaterals
• Cross-selling opportunity
• Credit Committee Approval
Client
1st
2nd
Margin Calls ManagementDerivatives
Trader prices the
transaction, including spread
Investor Relations| 3Q17 | 7/36

8. Operating Model
Selected Transactions
Pine Investimentos
January, 2017
Structure Credit
Facility
R$ 6,000,000
Lead Coordinator
January, 2017
Structure Credit
Facility
R$ 15,000,000
Lead Coordinator
March, 2017
CCBI
R$ 15,000,000
Lead Coordinator
March, 2017
Promissory Note
R$ 35,000,000
Coordinator
March, 2017
CRI
R$ 47,000,000
Lead Coordinator
March, 2017
Structure Credit
Facility
R$ 90,000,000
Lead Coordinator
May, 2017
R$ 60,000,000
Bond
May, 2017
Promissory Note
R$ 40,000,000
Lead Coordinator
May, 2017
BRDE Bank Guarantee
R$ 10,000,000
Pine Investimentos
Financial AdvisoryCapital Markets
Project
Finance
 Fixed Income (CRIs, CRAs)
 Infrastructure Debentures
 Equities
 Securitization
 Hybrid capital
transactions
 Project & Structured
Finance
Investors
 Family Offices
 Individuals
 Companies
 Asset Managers
 Financial Institutions
 Pension Funds
 Foreign Investors
 Hedge Funds
Investor Relations| 3Q17 | 8/36

9. Parceria Estratégicas
DEG e PROPARCO
 Founded in 1962 in Germany, DEG is one of the largest
institutions in Europe that contribute to growth and
development of private companies in emerging market
 It belongs to the KFW Bankengruppe, Germany's largest public
development bank
 Promotes development of private enterprises in emerging
markets through long-term financing
About DEG Group Structure
About PROPARCO Group Structure
 Founded in 1977 in Paris, started it´s activities in Brazil in
2006
 Proparco is the subsidiary of Agence Francaise de
Dévelopement ( AFD)
 Focused on emergence of a strong and innovative private
sector with aim of supporting growth and sustainability in
Emerging Market
57%
Instituições
Financeiras
francesas
Organizações
Internacionais
da França
Empresas
francesas
Fundos de
Investimento
& Fundações
26% 13% 3% 1%
Strategic Partnerships
Investor Relations| 3Q17 | 9/36

10. Profile and History
Business Strategy
Corporate Governance
Economic Overview
Results

11. Organizational Structure
INTERNAL AUDIT
COMPENSATION
COMMITTEE
AUDIT COMMITTEE
EXTERNAL AUDIT
PWC
Rodrigo Pinheiro Igor Pinheiro Noberto Pinheiro Norberto Zaiet Gustavo Junqueira Mailson de Nóbrega
Vice Chairman Member Chairman Member
Independent
Member
Independent
Member
BOARD OF DIRECTORS
RISKS COMMITTEE
Corporate & IB
Mauro Sanchez
Legal, Compliance,
AML and IS
Jefferson Miceli
Risk, Credit and Finance
João Brito
Business
Corporate Banking
Investment Banking
New Businesses
Products
Digital Channels
Risks (Liquidity, Market,
Credit and Operational)
Credit
Strategic Planning and
P&L
Commercial Planning
and Valuation
Accounting
Tax
Accounts Payable
IR, Funding and Marketing
Research
International
Sales & Trading
ALM & FLOW
Legal
Compliance and AML
IS
CEO
Norberto Zaiet Jr.
IT
Eugenio Fabbri
HR
Camilla Suave
Operations
Ulisses Alcantarilla
Operations Back-office
Special Assets
Middle Office
Services
Investor Relations| 3Q17 | 11/36

12.  Two Independent Members on the Board of Directors
 Mailson Ferreira da Nóbrega: Brazil’s Finance Minister from 1988 to 1990
 Gustavo Junqueira: Former Head of Pine Investimentos, Member of the Board of Directors at EZTEC,
Financial Advisor at Arsenal Investimentos and CFO at Gradiente Eletrônica
 São Paulo Stock Exchange (BM&FBOVESPA) Level 2 Corporate Governance
 Audit and Compensation Committee reporting directly to the Board of Directors
 100% tag along rights for all shareholders, including non-voting shares
 Arbitration procedures for fast settlement of litigation cases
Corporate Governance
Investor Relations| 3Q17 | 12/36

13. Partnerships
Social Investment and Responsibility
Social Investment Recognition
Most Green Bank
Recognized by the International Finance Corporation (IFC), private
agency programs of the World Bank as the most "green" bank as a result
of its transactions under the Global Trade Finance Program (GTFP) and
its onlending to companies focused on renewable energy and ethanol
Efficiency Energy
Recognition by World Bank for support in the Energy Efficiency sector.
Responsible Credit
“Lists of Exceptions”: the Bank does not finance projects or those
organizations that damage the environment, are involved in illegal
labor practices or produce, sell or use products, substances or activities
considered prejudicial to society.
System of environmental monitoring, financed by the IADB and
coordinated by FGV, and internally-produced sustainability reports for
corporate loans
Protocolo Verde – “Green Protocol”, an agreement
between FEBRABAN and the Ministry of the Environment
to support development that does not compromise future
generations.
Exhibition and sponsorship of Brazilian artists, for instance Paulo von Poser and
Miguel Rio Branco, in addition to sponsoring and supporting films and
documentaries such as Quebrando o Tabu (Fernando Henrique Cardoso on the
drug war), O Brasil deu certo, e agora? (idealized by Mailson da Nóbrega), Além
da Estrada (Charly Braun) and others.
Sustainability Annual Report
Seventh consecutive year disclosing the
Sustainability Report in the GRI
standard. The 2015 report, with its high
level of clarity, transparency and quality
was recognized with the fourth place in
the Abrasca Annual Report Award,
considering its category of companies
with net income to R$3 billion.
Investor Relations| 3Q17 | 13/36

14. Profile and History
Business Strategy
Corporate Governance
Economic Overview
Results

15. 76
72
68
67
55
57
56
59
52
5154 52
57
67
70
74
76
77
79
80
50
60
70
80
90
2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Forecast
Gross government debt (% GDP)
17.5
19.2
23.5
16.4
19.1
15.3
12.0 12.5
10.1
9.9
11.8
8.6
8.3
11.0 13.5
14.1
9.8
7.0
8.0 8.6
8.0
5
10
15
20
25
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Forecast
Selic (interest rate, average)
Real GDP
SELIC
IPCA (CPI)
Gross Government Debt
Macroeconomia
1.4
3.1
1.1
5.8
3.2
4.0
6.1
5.1
-0.1
7.5
3.9
1.9
3.0
0.1
-3.9-3.8
0.7
2.1
3.0 2.5
2.0
-6
-4
-2
0
2
4
6
8
10
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Forecast
Real GDP growth rate (%)
7.7
12.5
9.3
7.6
5.7
3.1
4.5
5.9
4.3
5.9
6.5
5.8 5.9
6.4
10.7
6.3
3.2
4.0 4.3 4.0 4.0
3
5
7
9
11
13
15
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Forecast
IPCA (CPI)
Investor Relations| 3Q17 | 15/36

16. 0
10
20
30
40
50
60
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Total credit/GDP (%)
47.0
0
5
10
15
20
25
30
35
2011 2012 2013 2014 2015 2016 2017
Interest and Spread - Corporate (% YoY)
Investment Funding Spread
23.2
7.8
15.4
Corporate and Households
Credit/GDP
Public Banks, National and Internacional Privates
Banks
Interest and Spread
Credit Growth
-20
-10
0
10
20
30
40
2009 2010 2011 2012 2013 2014 2015 2016 2017
Credit growth (% YoY, nominal)
Corporate Households
-8.7
4.7
-20
-10
0
10
20
30
40
50
2009 2010 2011 2012 2013 2014 2015 2016 2017
Credit growth (% YoY, nominal)
Public banks National private banks International private banks
-4.1
-1.3
5.3
Investor Relations| 3Q17 | 16/36

17. Projeções
... porém, espera-se que esse cenário tenha uma leve melhora em 2017.
Source: Pine Bank, September 2017
Guidance
Brazil: Key Economic Indicators - PINE
INDICATORS 2012 2013 2014 2015 2016E 2017E 2018E
Real GDP growth rate (%) 1.9% 3.0% 0.5% -3.8% -3.6% 0.7% 2.1%
BRLUSD (eop) 2.08 2.35 2.65 3.87 3.35 3.15 2.82
BRLUSD (average) 1.95 2.16 2.35 3.34 3.48 3.17 2.97
IPCA (CPI) 5.8% 5.9% 6.4% 10.7% 6.3% 3.2% 4.0%
IGP-M (PPI) 7.8% 5.5% 3.5% 10.5% 7.2% -1.1% 5.4%
Selic (interest rate, eop) 7.25% 10.00% 11.75% 14.25% 13.75% 7.00% 7.00%
Selic (interest, average) 8.46% 8.44% 11.02% 13.58% 14.15% 9.83% 7.00%
Trade balance (USD bn) 19.4 2.6 -3.9 19.7 47.7 66.0 36.0
Current account (USD bn) -74.2 -74.8 -104.2 -58.9 -23.5 -14.0 -30.0
Current account (% GDP) -3.0% -3.0% -4.2% -3.3% -1.3% -0.7% -1.2%
FDI (US$bn) 87 69 97 75 78.9 80.0 80.0
Primary surplus (% GDP) 2.2% 1.7% -0.6% -1.9% -2.5% -2.3% -1.5%
Gross government debt (% GDP) 54.8% 53.3% 58.9% 66.4% 69.5% 74.2% 76.4%
Investor Relations| 3Q17 | 17/36

18. Profile and History
Business Strategy
Corporate Governance
Economic Overview
Results

19. Turnaround
 Professional Management
 Excess Capital
 Excess Liquidity
Measures
 Significant increase in
provisions
 Breakdown of Credit Portfolio:
Corporate and Monitored
 Anticipated a however unlikely
but possible reduction of the
social contribution tariff
 Higher portfolio coverage
ratios
 Reduce volatility in
provisions
 Recurring and increasing
net income
GoalsPillars
19/36Investor Relations| 3Q17 |

20. R$ '000
Corporate
Portfolio
Consolidated
Portfolio
Non-recurring
events
Accounting
Result
Gross income from financial intermediation 42,244 (16,304) 25,940 (61,066) (35,126)
Provision for loan losses (1,964) - (1,964) (314,737) (316,701)
Gross income from financial intermediation after loan losses 40,280 (16,304) 23,976 (375,803) (351,827)
Fee income 18,414 261 18,675 - 18,675
Personnel expenses (18,555) (4,817) (23,372) - (23,373)
Other administrative expenses (15,419) (6,042) (21,461) (4,118) (25,579)
Tax expenses (4,292) - (4,292) - (4,292)
Other operating income (expenses) (3,330) (530) (3,860) (15,276) (19,135)
Operating income 17,098 (27,432) (10,334) (395,197) (405,531)
Non-operating income 1,931 308 2,239 - 2,239
Income before taxes and profit sharing 19,029 (27,124) (8,095) (395,197) (403,292)
Income tax and social contribution (7,208) 12,480 5,272 158,298 163,570
Profit sharing (3,827) (610) (4,437) - (4,437)
Net result 7,994 (15,254) (7,260) (236,899) (244,159)
Monitored
Portfolio
Managerial and Accounting Result
Business lines
(1) Available-for-sale securities (permanent losses). This amount, for the most part, had already impacted Shareholders’ equity in
previous periods and this quarter also goes through the income statement.
(2) R$315 million expense in the accounting line “provision for loan losses” reflects the re-rated credits that we made in the Monitored
Portfolio.
(3) Pine Online’s implementation and marketing expenses.
(4) Structured transaction whose result was impacted by an earn-out of R$15 million lower than projected.
(5) Effect from the anticipation of a possible reduction of the social contribution tariff in 2019, negatively impacting the value of our tax
credits by R$20 million. 20/36Investor Relations| 3Q17 |
1
2
3
4
5

21. Financial Margin Breakdown – Corporate and Monitored Portfolio
Consolidated Margin
NIM
21/36Investor Relations| 3Q17 |
R$ million
Corporate
Portfolio
Monitored
Portfolio
Total
Income from financial intermediation - excluding orvehedge (A) 42 (16) 26
Average earning assets (B) 5,104 827 5,930
Managerial Financial Margin before provision (%) (A/B) 3.4% -7.7% 1.8%
R$ million
3Q17 3Q16 3Q16 9M17 9M16
Financial Margin
Income from financial intermediation (26) 38 32 67 154
Overhedge effect (10) 4 (2) (14) (62)
Marketable Securities's MtM effect 61 - - 61 -
Managerial income from financial intermediation 26 41 30 52 92
Average earning assets 5,930 5,729 5,869 5,746 6,285
Managerial Financial Margin before provision (%) 1.8% 2.9% 2.0% 1.2% 2.0%
1
Excludes repo transactions and the liability portion of derivatives. 2
Excludes term sale of non-operating assets.

22. Personnel and Administrative Expenses - Corporate and Monitored Portfolio
Consolidated Efficiency Ratio
Efficiency Ratio
22/36Investor Relations| 3Q17 |
Operating expenses 42 11 53
(-) Non-recurring expenses (4) - (4)
Recurring Operating Expenses (A) 38 11 49
Revenues (B) 61 (16) 45
Efficiency Ratio (A/B) 62.8% - 110.1%
R$ million
Corporate
Portfolio
Monitored
portfolio
Total
R$ million
3Q17 2Q17 3Q16 9M17 9M16
Operating expenses1
53 45 41 142 125
(-) Non-recurring expenses (4) (1) - (5) -
Recurring Operating Expenses (A) 49 45 41 137 125
Revenues 2
(B) 45 61 49 172 143
Efficiency Ratio (A/B) 110.1% 72.9% 84.4% 79.4% 87.9%
1
Other administrative expenses + tax expenses + personnel expenses
2
Gross Income from financial intermediation - provision for loan losses + fee income + overhedge effect

23. Client Notional Derivatives by Market
Market Segments
Relações com Investidores | 3T17 | 23/36
Solid trackrecord
FICC
Notional Value and MtM
Portfolio Profile
 Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar
 Commodities: Sugar, Soybean ( Grain, Meal and Oil), Corn,
Cotton, Metals, Energy
 Fixed income: Fixed, Floating, Inflation, Libor
 Duration: 197 days
 MtM: R$51 million
Stress Scenario (Dollar: +31% and Commodities Prices: -30%):
 Stressed MtM: R$123 million
3,833 3,979 4,487 4,564 2,982
166
103
55 82 51
164
119
172
218
123
Sept-16 Dec-16 Mar-17 Jun-17 Sept-17
Notional Amount
MtM
Stressed MtM

24. Investor Relations| 3Q17 | 24/36
7th player in volume of CRI’s origination and 8th place in number of short-term fixed income transactions
Pine Investimentos
Selected Transactions
 Capital Markets: Structuring and Distribution of Fixed
Income Transactions.
 Financial Advisory: Project & Structured Finance, M&A,
and hybrid capital transactions.
January, 2017
Structure Credit
Facility
R$ 6,000,000
January, 2017
Structure Credit
Facility
R$ 15,000,000
Lead Coordinator
March, 2017
CCBI
R$ 15,000,000
Lead Coordinator
March, 2017
Promissory Note
R$ 35,000,000
Coordinator
March, 2017
CRI
R$ 47,000,000
Lead Coordinator
March, 2017
Structure Credit
Facility
R$ 90,000,000
Lead Coordinator
May, 2017
R$ 60,000,000
Bond
May, 2017
Promissory Note
R$ 40,000,000
Lead Coordinator
May, 2017
BRDE Bank Guarantee
R$ 10,000,000

25. 2,796 2,975
3,203 3,331 3,356
520
437
370 298 319339
419
399 388 313
2,104
2,120 2,022 2,123
1,934
479
493 470
442
395
Sept-16 Dec-16 Mar-17 Jun-17 Sept-17
Securities: 6.2%
Bank Guarantees: 30.6%
Trade finance: 5%
BNDES Onlending : 5.1%
Working Capital: 53.1%
6,238
6,445 6,465
6,582
6,318
Investor Relations| 3Q17 | 25/36
¹ Includes Standby LC
² Includes receivables on purchase of assets.
1
2
Expanded Loan Portfolio

26. Investor Relations| 3Q17 | 26/36
R$ million
Volume % Volume % Volume %
Working capital¹ 2,672 42% 685 11% 3,356 53%
Onlendings 316 5% 3 0% 319 5%
Trade finance² 283 4% 30 0% 313 5%
Res. 2.682 Loan Portfolio 3,271 52% 717 11% 3,989 63%
Bank guarantees 1,893 30% 41 1% 1,934 31%
Securities 285 5% 109 2% 395 6%
Expanded Loan Portfolio 5,450 86% 868 14% 6,318 100%
1
Includes receivables on purchase of assets
2
Includes Standby LC
Corporate Portfolio Monitored Portfolio Consolidated Portfolio
Loan Portfolio Breakdown
Breakdown – Corporate and Monitored Portfolio
Consolidated Loan Portfolio Quality Non Performing Loans > 90 days (Total Contract)¹
¹ Includes securities and ex-bank guarantees and stand by LC
Overdue Total
AA-D 71 3,271
E-H 197 717
Total Portfolio- Res 2,682 268 3,989
E-H Portfolio/Total 73.4% 18.0%
E-H coverage ratio 303.7% 83.3%
Consolidated Portfolio
PP PP
PPPP
4.2%
3.7%
0.7%0.6%
1.5%1.3%
0.7%
1.7%
1.2%
Sept-17Jun-17Mar-17Dec-16Sept-16Jun-16Mar-16Dec-15Sept-15

27. Ratings Sectors
Average Ticket Evolution (R$ K)
Investor Relations| 3Q17 | 27/36
AA-B
75%
C
25%
 297 new operations
 Total amount of R$2.9 billions
 Average Ticket of approximately R$10 million
Agriculture
16%
Energy
16%
Sugar and
Ethanol
14%
Real Estate
9%
Transportation
and
8%
Chemical and
petrochemical
7%
Foreign Trade
6%
Engineering
6%
Others
18%
Credit Production
16.981
15.000
17.000
19.000
21.000
23.000
25.000
2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
25,953
24,635
16,981

28. Investor Relations| 3Q17 | 28/36
Funding
617 460 464 446 461
376
384 460 421 344
2,600 2,980
3,241
3,893 3,988
133
46
72
114 116
29
17
11
27 19
530 454
383
331 332
198 213
240
203 273
259 247
203
176 153
206 204
86
89 91
698 448
386
403 334
262
239 150
178 1425,908
5,692 5,697
6,280 6,252
Sept-16 Dec-16 Mar-17 Jun-17 Sept-17
Trade Finance: 2.3%
Multilateral Lines: 5.3%
International Capital Markets:
1.5%
Financial Letter : 2.4%
Local Capital Markets: 4.4%
Onlending: 5.3%
Demand Deposits: 0.3%
Interbank Time Deposits: 1.9%
High Net Worth Individual Time
Deposits: 63.8%
Corporate Time Deposits: 5.5%
Institutional Time Deposits:
7.4%

29. Investor Relations| 3Q17 | 29/36
 Pine launched its digital investment platform, Pine Online
 Products: CDBs, LCAs and LCIs
 App: IOS and Android
 The Bank's five largest funding channels
PINE ONLINE

30. 1.8
1.4 1.5 1.5
1.8
1.2 1.1
1.4
1.6
3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17
Cash Position (R$ bi)
64% 68%
75% 78% 79%
36% 32%
25% 22% 21%
Sept-16 Dec-16 Mar-17 Jun-17 Sept-17
Total Deposits Others
Cash Position
Total Deposits over Total Funding
Capital Adequacy Ratio (BIS), Basel III
Investor Relations| 3Q17 | 30/36
5,6975,908 5,692 6,277 6,252
Capital & Liability Management
15.3% 15.0% 14.7% 14.2%
11.9%
0.5% 0.5% 0.4% 0.4%
0.4%
Sept-16 Dec-16 Mar-17 Jun-17 Sept-17
Tier II
Tier I
12.4%
14.6%
15.1%15.4%15.8%
151%
124% 127% 128%
155%
103% 95%
121%
174%
Cash/Equity
Cash/Equity

31. Investor Relations| 3Q17 | 31/36
¹Growth of expanded loan portfolio between 2% and 5%, as a result of
continued diversification of the corporate portfolio and the run-off of the
monitored portfolio.
Guidance
2018
Expanded Loan Portfolio¹ 2% to 5%
ROAE 2% to 5%

32. Investor Relations| 3Q17 | 32/36
Ratings
Foreign
andLocal
Currency
Long Term B+ B-
National
Long Term BBB+ BB-

33. Balanço PatrimonialBalance Sheet
Investor Relations| 3Q17 | 33/36
R$ million
Sept-17 Jun-17 Sept-16 QoQ (%) YoY (%)
Assets 9,039 8,975 8,323 0.7% 8.6%
Cash 149 200 70 -25.6% 114.4%
Interbank investments 903 1,116 865 -19.2% 4.3%
Securities 3,203 2,672 2,867 19.8% 11.7%
Interbank accounts 1 1 0 -6.5% 55.1%
Lending operations 3,989 4,013 3,655 -0.6% 9.1%
(-) Provisions for loan losses (597) (285) (223) -109.4% -167.6%
Net lending operations 3,392 3,727 3,432 -9.0% -1.2%
Other receivables 1,282 1,141 971 12.4% 32.1%
Property and equipments 110 118 118 -6.5% -6.8%
Investments 108 108 108 0.0% 0.0%
Property and equipment in use 2 10 10 -79.3% -80.0%
Intangible 0 0 1 -7.1% -22.1%
Liabilities 8,123 7,848 7,171 3.5% 13.3%
Deposits 3,813 3,709 2,641 2.8% 44.4%
Money market funding 561 465 478 20.6% 17.4%
Funds from acceptance and securities issued 1,319 1,417 1,398 -6.9% -5.7%
Interbank and Interbranch accounts 16 7 27 125.8% -41.0%
Borrowings and onlendings 807 912 1,487 -11.4% -45.7%
Derivative financial instruments 1,295 1,064 813 21.7% 59.2%
Other liabilities 214 175 261 22.6% -17.9%
Deferred Results 97 100 66 -3.1% 47.8%
Shareholders' equity 915 1,127 1,152 -18.8% -20.5%
Liabilities and shareholders' equity 9,039 8,975 8,323 0.7% 8.6%

34. Managerial Income Statement
(overhedge effect)(ex-efeito overhedge)
R$ million
3Q17 2Q17 3Q16 9M17 9M16
Income from financial intermediation 93 242 236 509 401
Lending transactions 102 131 116 351 352
Securities transactions 10 72 99 157 254
Derivative financial instruments (2) 10 12 22 (127)
Foreign exchange transactions (18) 30 10 (21) (78)
Expenses with financial intermediation (445) (251) (224) (840) (385)
Funding transactions (140) (159) (180) (436) (392)
Borrowings and onlendings 12 (42) (26) (20) 83
Provision for loan losses (317) (50) (17) (384) (77)
Gross income from financial intermediation (352) (8) 13 (332) 16
Other operating (expenses) income (54) (31) (25) (107) (71)
Fee income 19 20 19 59 50
Personnel expenses (23) (22) (21) (66) (62)
Other administrative expenses (26) (19) (17) (63) (49)
Tax expenses (4) (4) (3) (12) (14)
Other operating income 4 3 3 44 28
Other operating expenses (24) (8) (6) (68) (25)
Operating income (406) (39) (12) (438) (56)
Non-operating income 2 2 3 5 15
Income before taxes and profit sharing (403) (37) (10) (433) (41)
Income tax and social contribution 164 20 7 183 47
Profit sharing (4) (4) (4) (15) (11)
Net income (244) (21) (7) (265) (5)
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35. Income Statement
R$ million
3Q17 2Q17 3Q16 9M17 9M16
Income from financial intermediation 102 239 239 523 463
Lending transactions 102 131 116 351 352
Securities transactions 10 72 99 157 254
Derivative financial instruments 8 6 14 36 (65)
Foreign exchange transactions (18) 30 10 (21) (78)
Expenses with financial intermediation (445) (251) (224) (840) (385)
Funding transactions (140) (159) (180) (436) (392)
Borrowings and onlendings 12 (42) (26) (20) 83
Provision for loan losses (317) (50) (17) (384) (77)
Gross income from financial intermediation (342) (12) 15 (317) 78
Other operating (expenses) income (54) (31) (25) (107) (71)
Fee income 19 20 19 59 50
Personnel expenses (23) (22) (21) (66) (62)
Other administrative expenses (26) (19) (17) (63) (49)
Tax expenses (4) (4) (3) (12) (14)
Other operating income 4 3 3 44 28
Other operating expenses (24) (8) (6) (68) (25)
Operating income (396) (43) (10) (424) 6
Non-operating income 2 2 3 5 15
Income before taxes and profit sharing (394) (40) (7) (419) 21
Income tax and social contribution 154 23 4 169 (15)
Profit sharing (4) (4) (4) (15) (11)
Net income (244) (21) (7) (265) (5)
Investor Relations| 3Q17 | 35/36

36. This report may contain forward-looking statements concerning the business prospects, projections of operating and financial results and growth outlook of PINE. These are merely projections and as such
are based solely on management’s expectations regarding the future of the business. These statements depend substantially on market conditions, the performance of the sector and the Brazilian economy
(political and economic changes, volatility in interest and exchange rates, technological changes, inflation, financial disintermediation, competitive pressures on products and prices and changes in tax
legislation) and therefore are subject to change without prior notice.
Norberto Zaiet Junior
CEO
João Brito
CFO
Raquel Varela Bastos
Head of Investor Relations, Local Funding and Communication
Luiz Maximo
Investor Relations Manager
Kianne Paganini
Investor Relations Analyst
Fone: (55 11) 3372-5343
ir.pine.com
ir@pine.com
Investor Relations
Investor Relations| 3Q17 | 36/36