1Q09 Results Conference Call

1. Investor Relations | 1Q09 Earnings 1/18
05/12/2009

2. Investor Relations | 1Q09 Earnings 2/18
Content
 Highlights 3
 Balance Sheet 4
 Results 5
 Loan Portfolio – Total 6
 Loan Portfolio - Corporate 7
 Loan Portfolio - Corporate 8
 Loan Portfolio - Corporate 9
 Loan Portfolio - Individuals 10
 Loan Portfolio Quality 11
 NPL – Historical Data 12
 Funding 13
 Funding X Credit + Cash Position 14
 Capital Adequacy Ratio - Basel 15
 Dividends 16
 Shares 17
 Investor Relations 18

3. Investor Relations | 1Q09 Earnings 3/18
Highlights
The loan portfolio had a necessary deleverage, over which Banco Pine remained well prepared,
focusing on controlling risks, on liquidity and on reducing expenses.
5,047
3,873
Jun-08 Mar-09
LOAN PORTFOLIO DELAVERAGE
-23%
40%
51%
Dec-08 Mar-09
CASH POSITION / TIME DEPOSITS
1,100 bps 30,629
25,271
4Q08 1Q09
RECURRING EXPENSES
-18%
R$ million
R$ thousand
2.4%
2.7%
Dec-08 Mar-09
LOAN PORTFOLIO
30 bps
COVERAGE

4. Investor Relations | 1Q09 Earnings 4/18
Balance Sheet
Lending operations decreased 8.6% in the quarter.
R$ million
Mar-09 Dec-08 Mar-08
Assets 5,537 6,176 5,889  -10.4%
Securities and derivative financial instruments 2,344 2,788 2,405
Lending operations 2,769 3,030 3,139  -8.6%
(-) Allowance for loan losses (97) (95) (79)  2.1%
Net lending operations 2,672 2,935 3,060  -8.9%
Other 520 453 424
Liabilities 4,718 5,349 5,074  -11.8%
Deposits 1,520 1,423 1,994  6.8%
Money market funding 1,483 2,119 1,968
Funds from acceptance and securities issued 855 819 438  4.4%
Other 860 988 674
Shareholders' equity 819 827 815  -1.0%
Liabilities and Shareholders' equity 5,537 6,176 5,889  -10.4%
D Quarter
521
-10.3%
9.0%
-10.3%

5. Investor Relations | 1Q09 Earnings 5/18
Results
Results were impacted by 4Q08 and 1Q09 deleverage.
R$ thousand
Mar-09 Dec-08 Mar-08
Gross income from financial intermediation 68,970 94,874 148,552  -27.3%
Fee Income 11,341 10,888 5,215
Personnel and Administrative Expenses (31,286) (42,652) (86,195)  -26.6%
Commissions (1,530) (5,949) (44,895)  -74.3%
Tax Expenses (6,136) (5,921) (9,231)
Other Operating (expenses) income (12,047) 4,167 2,044
Operating Income 30,842 61,356 60,385  -49.7%
Non-operating income 1,317 (1,099) 45
Income before taxes 32,159 60,257 60,430
Income and social contribution taxes (8,689) (18,628) (16,382)
Profit Sharing (3,400) (2,831) (2,668)
Net Income 20,070 38,798 41,380  -48.3%
Extraordinary Expense and Provisions - (18,977) (5,523)
Accounting Net Income 20,070 19,821 35,857  1.3%
D Quarter
(29,756) (36,703) 41,300) 18.9%
1Q09 4Q08 1Q08 D Quarter

6. Investor Relations | 1Q09 Earnings 6/18
Loan Portfolio - Total
Increase of the corporate loan portfolio share in the total portfolio.
Total Loan Portfolio Breakdown
R$ million
34%
28% 27%
66%
72% 73%
Mar-08 Dec-08 Mar-09
Individuals Corporate
1,573
1,194 1,031
3,066
3,070
2,842
Mar-08 Dec-08 Mar-09
Individuals Corporate
4,639
4,264
3,873
-9%
-7%
-17%
-14%
-7%
-34%
D Quarter D Year

7. Investor Relations | 1Q09 Earnings 7/18
Loan Portfolio - Corporate
Focus on Corporate operations.
Mix of Loan Portfolio by Product
R$ million
2,330
2,099
1,761
Mar-08 Dec-08 Mar-09
Working Capital
-16%
-24%
D Quarter D Year
385
695
809
353
276
272
Mar-08 Dec-08 Mar-09
Onlendings, Financing in Foreign Currency and ACC Guarantees
738
971
11% 1,081
-1%
46%
16%
-37%
110%
D Quarter D Year
-23%

8. Investor Relations | 1Q09 Earnings 8/18
81% of the companies served by Banco PINE earn revenue of more than R$150 million.
Companies Annual Revenues Guarantees
Loan Portfolio - Corporate
Receivables
36%
Product
Fiduciary
Allienation
24%
Investments
14%
Property
Fiduciary
Allienation
9%
Promissory
Notes
Payroll 10%
7%
> R$ 1
billion
30%
R$ 500
million to 1
billion
22%
R$ 150 to
R$ 500
million
29%
Up to R$
150 million
19%

9. Investor Relations | 1Q09 Earnings 9/18
Well-diversified Loan Portfolio.
Loan Portfolio by Industry Loan Portfolio by Product
Loan Portfolio - Corporate
Infra-Structure
18%
Sugar and
Alcohol
18%
Vehicles and
Autoparts
10%
Services
8%
Financial
Institutions
6%
Energy
6%
Agriculture
5%
Construction
5%
Logistics
3%
Meat Processing
3%
Metallurgy
Siderurgy 2%
2%
Construction
and
Decoration
Material
2%
Other
12%
Working Capital
52%
FX
16%
Exports
Financing
9%
Financing in
Foreing
Currency
10%
Working Capital
- Public Sector
5%
Overdraft
Accounts
2%
BNDES
Onlendings
3%
Other
2%

10. Investor Relations | 1Q09 Earnings 10/18
Loan Portfolio - Individuals
Reduction of the payroll loan portfolio since the end of 2007.
Payroll Loan Portfolio Origination vs. Assignment
R$ million
253
127
21
3 -
286
116
19
80
6
1Q08 2Q08 3Q08 4Q08 1Q09
Origination Assignment
1,148
959
832
425
235
199
Mar-08 Dec-08 Mar-09
Off book On book
1,573
1,194
1,031
-14%
-15%
-34%
-13%
-53%
-28%
D Quarter D Year

11. Investor Relations | 1Q09 Earnings 11/18
Loan Portfolio Quality
Strict control of loan portfolio quality.
Loan portfolio 2.7%
D-H portfolio 107.4%
D-H overdue portfolio 164.9%
Ratios for Provisions for Loan Losses
AA;
17.9%
A; 46.7%
B; 29.0%
C; 3.3%
D-E;
1.2%
F-H;
2.0%
3.2%

12. Investor Relations | 1Q09 Earnings 12/18
NPL Historical Data
Banco PINE’s Non-Performing Loans stood below 2%, despite the uncertain scenario.
Overdue D-H portfolio/Total Portfolio
0.00%
1.95%
0.30%
0.91%
0.11%
0.65%
0.96% 1.00%
0.60%
0.90%
1.64%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Mar/09
Real
Devaluation
Nasdaq WTC Brazilian
Elections
Banco Santos
Liquidity Crisis
Subprime

13. Investor Relations | 1Q09 Earnings 13/18
Funding
Funding average tenor remained at 12 months.
R$ million
1,621
1,243 1,334
Mar-08 Dec-08 Mar-09
Time Deposits + LCA
7%
-18%
D Quarter D Year
+ Agribusiness Letters of Credit
Mar-09 Dec-08 Mar-08
Deposits 1,553 1,462 1,998  6.2%
Trade Finance / Cayman 712 663 296  7.4%
Funds from Acceptance and Securities Issued 382 496 222  -23.1%
Borrowings and onlendings 143 157 142  9.1%
Loan assignments 832 959 1,148  -13.2%
Total 3,622 3,737 3,806  -3.1%
D Quarter
1,621
1,243 1,334
Mar-08 Dec-08 Mar-09
Time Deposits + LCA
7%
-18%
D Quarter D Year
-8.9%
-23,0%
+ Agribusiness Letters of Credit

14. Investor Relations | 1Q09 Earnings 14/18
Funding vs. Credit and Cash Position
The maturities of funding and credit are aligned.
R$ million
(1) It does not consider Shareholders Equity
Up to 3
months
(includes
Cash)
R$ 1,291
3 to 12
months
R$ 1,690
1 to 3 years
R$ 1,270
3 to 5 years
R$ 34
Credit + Cash Position
With no
Maturity
R$ 32
Up to 3
months
R$ 794
3 to 12
months
R$ 1,296
1 to 3 years
R$ 1,002
3 to 5 years
R$ 388
Over 5 years
R$ 109
Funding(1)

15. Investor Relations | 1Q09 Earnings 15/18
Capital Adequacy Ratio - Basel
The key factors driving the increase in the Basel ratio in the last 12 months were the adherence to
Basel II, regulatory changes and the lower exposure to credit risk.
Equity (R$
thousand)
Basel Ratio %
Tier I 837,063 17.8%
Tier II 36,821 0.8%
Total 873,884 18.6%

16. Investor Relations | 1Q09 Earnings 16/18
12.2
25.0
1Q08 1Q09
104.9%
Dividends
In 1Q09, the total amount of R$25.0 million in interest on equity and dividends were paid to
shareholders.
R$ Million R$
Gross Amount Total Amount Value per Share
1st Quarter 2008 12.2 0.1356
1st Quarter 2009 25.0 0.2955
R$ million

17. Investor Relations | 1Q09 Earnings 17/18
Shares
The Price/Book Value ratio ended April at 0.65X.
12/30/08 1/29/09 2/28/09 3/30/09 4/29/09
IBOVESPA
PINE4
86%
26%

18. Investor Relations | 1Q09 Earnings 18/18
Noberto N. Pinheiro Jr
CEO
Clive Botelho
CFO
Fone: +55-11-3372-5553
www.bancopine.com.br/ir
ri@bancopine.com.br
This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Banco Pine. These are
merely projections and, as such, are based exclusively on the expectations of Banco Pine’s management concerning the future of the business and its continued access to capital to fund the Company’s
business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in Banco Pine’s filed disclosure documents and are, therefore, subject to change without prior notice.
Investor Relations