3Q10 Institutional Presentation

1. Banco PINE is specialized in financial services for corporations
Institutional
Presentation
3Q10

2. Content
History and Profile
Banco PINE at a Glance
History of Banco PINE
Business Strategy
Business Model
Wide Product Base
Credit Process
Organizational Structure
Current Scenario and Future Prospects
Highlights and Results
Corporate Governance and Shares
Corporate Governance
Main Committees
Shareholders’ Structure
Dividends
Social Responsibility
Market Recognition
Rating upgrade by Fitch
Events and Highlights of the Period
Banco PINE
Investor Relations | 3Q10 | 2/33

3. History and
Profile

4. Banco PINE at a Glance
Results based on strong credit structure and on complete services for companies.
Banco PINE
Specialized on financial services for corporations:
Banco PINE is focused on serving companies with annual
revenues above R$150 million and thoroughly
Results Growth:
Positive contribution of all business lines: Corporate
million, Loans Sales Desk and PINE Investimentos
understands the needs and strategies of its clients
Banco PINE offers:
• Credit and onlending products in local and
Loans, Close relationship with clients::
Around 80% of the active client base uses more than
one product offered by the Bank
foreign currency
• Financial and strategic advisory services
• Treasury products
• Investments
Solid Credit Ratings
A1.br Brazil national scale
Ba2 Long/short-term foreign and
local-currency deposit
br A- Brazil national scale
BB- Long/short-term foreign and
local-currency deposit
A(bra) Brazil national scale
BB- Long/short-term foreign
and local-currency deposit
Investor Relations | 3Q10 | 4/33

5. History of Banco PINE
Founded in 1997, Banco PINE has been showing a track record of resilient development.
1997
Foundation of Banco
PINE
Sole focus on
Corporate Lending
2007
IPO
Foundation of
the Cayman
Branch
2005
Noberto Pinheiro
becomes Banco PINE’s
sole shareholder
1939
Foundation of
Banco Central do
Nordeste
1975
Noberto Pinheiro
becomes one of the
BMC’s controlling
shareholder
2009
Foundation of
PINE
Investimentos
1939 – Pinheiro Family founds its first bank in Brazil – Banco Central do Nordeste
1975 - Noberto Pinheiro becomes one of the controlling shareholders of Banco BMC
1997 - Noberto and Nelson Pinheiro sell their stake at BMC and found Banco PINE
2005 - Noberto Pinheiro becomes Banco PINE’s sole shareholder
2007 – IPO and start up of Cayman branch
2009 - Foundation of PINE Investimentos
Investor Relations | 3Q10 | 5/33

6. Business Strategy

7. Business Model
Diversity of financial instruments for the diverse needs of our clients.
Credit products in local and foreign currency
Loans
Funding products in local and foreign currency
Local deposits
Credit and Funding Products
Overdraft accounts
Discounts
BNDES onlending
Guarantees
Double index CDB
LCA (Agribusiness Letters of Credit)/LCI
BNDES onlending
FIDC and Credit funds
Compror/Vendor
ACC/ACE
Export Pre-payment
Finimp
Senior and subordinated local financial notes
Time Deposits
CD – Certificate of Deposit
Eurobonds
Letter of Credit
2,770 onlending
Subordinated notes
2,770 onlending
Clients’ PINE Investimentos
Products for mitigating market risk mismatches
Currencies, Commodities, Interest and
Index derivatives:
Credit Structuring
Syndicated Loans
Third-parties Asset Management
Clients Sales Desk NDF
Options
Swaps
Structured Options
Credit Funds
Private Equity Funds
Corporate Services
Mergers & Acquisitions
p
FX Financial Advisory
Investor Relations | 3Q10 | 7/33

8. Wide Product Base
Financial instruments diversity for the diverse needs of our clients.
Corporate Foreign Exchange Onlending Guarantees Sales Desk PINE Investments
Loans
Loans
Overdraft accounts
Discounts
Compror/Vendor
/ Trade Finance
Exports
ACC/ACE
Letter of Credit
Documentary
BNDES FINAME
BNDES Automatic
BNDES Working
Capital
Bidding
Public tenders
Performance
Credit/Financial
Currencies
Rates
Commodities
Equities
Local Currency
CDB/ RDB /CDI
Financial Bonds
(Letras Financeiras)
Government Bonds
Investimentos
Capital Markets
CRI, FIDC, CCB,
Debenture
Underwriting
Linked Collection
Collection
Prepayment
Imports
Letter of Credit
BNDES EXIM
FINEM
PRODECOP
Institutions
Macro Advisory
FIDC (Receivables
Investment Funds)
LCA (Agribusiness
Letters of Credit)
Credit Funds
P i E i
Syndicated Loans
Project Finance
Asset
Management
Advance Payments
Spot Foreign
Exchange
Foreign currency
Private Equity
DPGE
Foreign Currency
CD -Certificate of
D it
Credit Fund,
Mutual Fund and
exclusive Fund
Management
Asset Allocation
Private Equity
loans Deposit
CLN – Credit
Linked Notes
Eurobonds
Custody Account
M M kt
Financial
Advisory
M&A
Private Placement
Money Market
Accounts
Time Deposit
Private Equity
Financial
Restructuring
Appraisal Reports
Operational and
Strategic
Partnerships
Investor Relations | 3Q10 | 8/33

9. Credit Process
72-hour process in average; credit analysis may be concluded within 1 business day in special cases.
Strong origination team
CREDIT COMMITTEE
Deep knowledge of our client base
Cross-selling of credit products and financial
services
Presentation of
proposals to the
Chief Credit Officer
Diligent and complete credit analysis
Expertise and flexibility in structuring
Committee
rocess
and Credit Analysts
Platform and
credit Close monitoring of clients’ credit evolution
decision process
Issue of opinion
Credit analysis, visits
li d
ctronic Pr
Regional
Superintendents
Agile credit decision-making Management of receivables portfolio and
collateral quality
to clients, data
update, interaction
with internal research
and issue of opinion
Ele
Credit Analyst
Efficient loan process, documentation and
controls
Sales Officer Credit Origination
Investor Relations | 3Q10 | 9/33

10. Organizational Structure
Non-bureaucratic structure and flat hierarchy, streamlining the decision making process.
Board of Directors
Internal Auditors
Tikara Yoneya
External Auditors
Deloitte
Noberto Pinheiro
Chairman
Noberto N. Pinheiro Jr.
Vice-Chairman
Maurizio Mauro
Independent Member
Fernando Albino
External Member
Mailson da Nóbrega
Independent Member
CEO
Fiscal Council
Operating Risks
Sidney Veneziani
Sérgio Machado
Alcindo Itikawa
Noberto N. Pinheiro Jr.
& Compliance
Pine Investimentos
Gustavo Junqueira
Control and Market/
Liquidity Risk
M t
Financial & Products
N b t Z i t J
Origination
Cli B t lh
Credit Risk & Analysis
G b i l Chi t
Operations
Uli Al t ill
Management
Susana Waldeck
Clive Botelho Norberto Zaiet Jr. Ulisses Alcantarilla Gabriela Chiste
Corporate
• Loan Portfolio
R$5.3 billion
• Around 900 Clients
Corporate Credit
• Analysis and granting
of credit
• Credit monitoring
Sales Desk
Distribution
• Local
• I t ti l
Market and
liquidity Risk
Human Resources
Capital Markets
Asset Management
Financial Advisory
Corporate
Processing and
Formalization
L l • São Paulo
• Campinas
• Ribeirão Preto
• São José do Rio Preto
• Rio de Janeiro
• Curitiba
• Porto Alegre
risk and analysis by
sector
International
Pricing Desk
• FX
• Interest
• Commodities
• Equities
Macro Research
Accounting
Controlling
Department
Legal
• Belo Horizonte
• Recife
• Fortaleza
Products
Investor Relations
Investor Relations | 3Q10 | 10/33

11. The Current Scenario and Future Prospects
Banco PINE has the key resources to continue developing its strategy: adequate capitalization,
efficient funding and qualified personnel.
Adequate capital structure
9 Issuance of a US$125 million
subordinated debt, approved by the
Brazilian Central Bank as Tier II capital
Efficient funding structure
9 Lengthening of maturities: 18
months average (September/2010)
9 in June Greater diversification
9Still room for Tier II capital
9Capital Adequacy Ratio (BIS) of 18.4%
Cross selling opportunities in the client
Well prepared and encouraged
team
9Meritocracy
Cross-base
9Customized client service, understanding
thoroughly their needs y
9Qualification
9 Products diversity built over the past years
9Around 80% of the client base uses more
than one product (September/2010)
Investor Relations | 3Q10 | 11/33

12. Highlights and Results

13. 3Q10 Highlights
All main indicators showed improvement in the period...
Corporate Loan Portfolio (R$ Million)
Δ Quarter Δ 12M
9.8% 54.1%
Total Funding (R$ Million)
Δ Quarter Δ 12M
10.2% 39.1%
Operating Income (R$ Million)
Δ Quarter Δ 12M
20.7% 93.9%
76.0%
5 265 5 390 181.3
3,416
4,794 5,265
3,875
4,890 5,390
37.6
60.4 73.0
103.0
Sep-09 Jun-10 Sep-10 Sep-09 Jun-10 Sep-10
Net Income (R$ Million)
Δ Quarter Δ 12M
ROAE
Δ Quarter Δ 12M
3Q09 2Q10 3Q10 9M09 9M10
Efficiency Ratio
Δ Quarter Δ 12M
5.6% 70.4% 61.7% 70 bps 730 bps 610 bps -290 bps -740 bps -500 bps
35 6 37 6
63.9
103.4
11.3%
17.9% 18.6%
10.5%
16.6% 38.0%
33.5% 30.6%
38.9%
33.9%
22.1
35.6 37.6
3Q09 2Q10 3Q10 9M09 9M10 3Q09 2Q10 3Q10 9M09 9M10 3Q09 2Q10 3Q10 9M09 9M10
Investor Relations | 3Q10 | 13/33

14. Earnings
…with consistent earnings growth.
Operating Income (R$ Million)
Gradual and consistent income
73.0
growth in post-crisis period:
60.4
50.9
20.7% in the quarter and 93.9% 47 9
versus 3Q09.
29.7 30.8 34.5 37.6 38.2
47.9
3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Net Income (R$ Million)
Net Income growth over the
last quarters: 5.6% in the
quarter and 70.4% in 12
months.
33.4
19.8 20.1 21.8 22.1 21.1
30.2
35.6 37.6
3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
Investor Relations | 3Q10 | 14/33

15. Credit Portfolio
The credit portfolio presented selective growth, returning to pre-crisis levels and…
Corporate Loan Portfolio (R$ Million)
Corporate credit portfolio
grew by 9.8% in 3Q10,
27.9% in 9 months and
54 1% in 12 months
34
0
8
6
118
,462
4,794
5,265
54.1% months.
3,53
3,070
2,842
3,068
3,41
4,1
4
4
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10
Total Loan Portfolio (R$ Million)
Increase of the corporate loan
portfolio, which represents
7
96% of the total credit
portfolio.
4,885
4,264
3,873
3,922
4,113
4,753
4,980
5,208
5,617
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10
Investor Relations | 3Q10 | 15/33

16. Credit Portfolio Profile - Corporate
…growing in a diversified manner, both in sectors and products...
Loan Portfolio by Region
Mid-West
11 8%
North
2.6%
Loan Portfolio by Sector
11.8%
Northeast
9.0%
Agriculture
9%
Construction
6%
Meat packing
6%
Financial
Institutions
5%
Vehicles and
Parts
4%
Southeast
65.7%
South
10.9%
Electric and
Renewable
Energy
Transportation
and Logistics
4%
Specialized
Services
Loan Portfolio by Product
9% 4%
Foreign Trade
3%
Pharmaceutical
Resolution
2770
Sugar and
Infrastructure
13%
and Cosmetic
3%
Metallurgy
2%
C i F d t ff
Working
Capital
61.8%
Trade
Finance
10.3%
0.3%
Ethanol
15%
Foodstuffs
2%
Construction
and Decoration
Material
2%
Other
13%
Guarantees
15.7%
BNDES
onlendings
11.9%
Investor Relations | 3Q10 | 16/33

17. Credit Portfolio Quality
…maintaining portfolio quality and balance sheet strength.
Credit Portfolio Quality – September 2010 D-H Overdue Credit Portfolio/ Total Credit
Δ Quarter Δ 12M
-10 bps -70 bps
A
50.9%
B
23.4%
1.3%
0.7% 0.6%
AA
C
2.6%
D-E
0.7%
F-H
Sep-09 Jun-10 Sep-10
Portfolio by Risk Level
Sep-09
Sep-10
21.3%
1.1%
D-H
3 2%
D-H
1.8%
p
AA AA-C
96.8%
3.2%
AA-C
98.2%
Investor Relations | 3Q10 | 17/33

18. Funding
Funding increased with quality, diversification and longer terms…
Total Funding (R$ Million) 4,311
3,772
3,656
3,701
3,875
4,553
4,655
4,890
5,390
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10
Funding Mix (R$ Million) 220
560
541
678
440 351
268
208
554
242 447
160
140
29
55 35
35
27
26 27 229
Subordinated Debt
35 29 Funds from
142
229 296
508
429
642
576
586 521
1,005
959 832
679
552
496 382 306
275
Acceptance and
Securities Issued
Loan Assignments
2,148
1 462 1 553
1,917
2,302
3,029 3,013 3,183
3,584
147
156 143
127
663 713
Trade Finance /
Cayman
Borrowings and
Onlendings
1,462 1,553
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10
Total Deposits
Investor Relations | 3Q10 | 18/33

19. Funding and Credit Portfolio Maturities
…with a 4 month average maturity gap between the credit and funding portfolios.
R$ Million
From 1 to 3
years
Loan Portfolio + Cash Position
From 3 to 5
years
$
From 1 to 3
years
From 3 to 5
years
Funding(1)
R$1,761 R$252
More than 5
years
R$41
R$1,648 R$390
More than 5
years
R$509
No Maturity
Up to 3
months
(includes
From 3 to 12
months
R$1,800
R$36
From 3 to 12
Cash)
R$2,255
Up to 3
months
R$1,359
months
R$1,448
(1) Excluding Shareholders’ Equity
Credit portfolio: 14 months Funding: 18 months
Investor Relations | 3Q10 | 19/33

20. Capital Adequacy Ratio (BIS)
BIS ratio remained at a comfortable level.
BIS Ratio
15.6%
19.3% 18.6% 19.3%
17.2% 15.6% 14.9%
18.5% 18.4%
Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10
Equity (R$ Thousand) BIS Ratio
Tier I 875,901 14.8%
Tier II 217,009 3.6%
Total 1,092,910 18.4%
Investor Relations | 3Q10 | 20/33

21. Income Statements Highlights
Operating Income grew 20.7% in 3Q10.
R$ Thousand
Q 3Q10 Q 2Q10 Q
3Q09
Gross income from financial intermediation 1 03,102 89,491 50,594
Fee Income 25,147 15,719 21,678
Personnel expenses ( 13,226) ( 11,911) ( 10,116)
Administrative expenses ( 21,985) (19,356) ( 19,282)
Tax expenses (8,455) (7,361) (6,286)
Other operating income / expenses ( 11,616) (6,147) 1,051
Operating Income 72,967 60,435 37,639
Non-operating income (219) (790) (1)
Income before taxes and profit sharing 72,748 59,645 37,638
Income and social contribution taxes ( 20,937) ( 15,485) (9,566)
Profit sharing (14,215) (8,555) (6,004)
Net income 37,596 35,605 22,068
Annualized ROAE 18.6% 17.9% 11.3%
Investor Relations | 3Q10 | 21/33

22. Balance Sheet Highlights
Total assets posted a 14.5% increase in the quarter.
R$ Million
Sep-10 Jun-10 Sep-09
Assets 9,180 8,014 7,200
Securities and derivative financial instruments 3,849 3,364 3,578
Lending operations 4,583 4,097 3,210
(-) Allowance for loan losses ( 75) ( 68) (105)
Net lending operations 4,508 4,029 3,105
Other 809 607 501
Property and equipments 14 14 16
Liabilities 8,307 7,161 6,385
Deposits 3,127 2,929 2,201
Money market funding 2,638 2,100 2,585
Funds from acceptance and securities issued 598 414 376
Borrowings and onlendings 1,237 1,050 718
Subordinated debt 220 229 27
Other 487 439 478
Shareholders' equity 873 853 815
Liabilities and Shareholders Shareholders' equity 9 9,180 180 8 8,014 014 7 7,200
200
Investor Relations | 3Q10 | 22/33

23. Corporate
Governance and
Shares

24. Corporate Governance
Banco PINE adopts the best corporate governance practices.
Two independent members and one external member in the Board of Directors
Mailson Ferreira da Nóbrega: Finance Minister of Brazil from 1988 to 1990
Maurizio Mauro: CEO of Booz Allen Hamilton and Grupo Abril
Fernando Albino de Oliveira: ex-director of CVM and partner of Albino Advogados Associados
São Paulo Stock Exchange Level 1 of Corporate Governance
Fiscal Council
100% tag along rights for all shareholders, including non-voting shares
Arbitration procedures for fast settlement of litigation
Investor Relations | 3Q10 | 24/33

25. Main Committees
Banco PINE believes that the use of the best corporate governance practices substantially enhances
its business outcome.
Main decisions are taken by committees: Board of Directors and a structure of specific committees
Non-stop exchange of knowledge and information
T
Transparency
Board of
Directors
Fiscal Council
Audit
S t
Support
Committee
Executive
Committee
Treasury
Committee
National and
Foreign Funding
Credit Retail
Compliance
and Basel
PINE
Investimentos
(ALCO)
Products
Committee
Committee Committee
Delinquency
C itt
Risk
Committee
Performance
Evaluation
Ethics
C itt
IT
Committee Committee Committee C itt
Committee Committee
Human
Resources
Committee
Investor Relations | 3Q10 | 25/33

26. Ownership Structure
On July 1st, BM&FBovespa granted Banco PINE’s request for an extension of the deadline for
complying with the minimum free-float requirement
Base: 10/31/2010
Common Preferred Total %
Controlling Shareholder 45,443,872 14,370,556 59,814,428 70.0%
Management - 2,751,246 2,751,246 3.2%
Free Float - 20,768,592 20,768,592 24.3%
Subtotal 45,443,872 37,890,394 83,334,266 -
Treasury - 2,074,839 2,074,839 2.4%
Total 45,443,872 39,965,233 85,409,105 100.0%
The Bank shall maintain at least 24.3% free float until January 10, 2011
Should free float exceed 24.3% at any time before January 10, 2011, the Bank will not
permit a reduction of this level
Investor Relations | 3Q10 | 26/33

27. Dividends
Since 2008, Banco PINE has paid dividends/interest on own capital on a quarterly-basis.
Dividends and Interest on Own Capital
R$ million R$
Gross Amount Total Amount Amount per share
1Q10 15.0 0.179998
2Q10 20.0 0.239997
3Q10 20.0 0.239997
Total paid in 2010 55.0 0.659992
Dividends and Intrest on Own Capital (R$ Million)
45
16
25 25
33 30
35
20
1H07 2H07 1H08 2H08 1H09 2H09 1H10 3Q10
Investor Relations | 3Q10 | 27/33

28. Social Responsibility
Banco PINE supports and promotes the Brazilian culture
Social
Casa Hope
Instituto Alfabetização Solidária
Culture
A Cidade e a Rosa (The City and the Rose): retrospective of
the artist Paulo Von Poser
Instituto Sedes Sapientiae
Instituto Casa da Providência Paisagem e Olhar (Landscape and View):
featuring watercolors of the biodiversity
of the Rainforest
Sports
Minas Tênis Clube: training program for
athletes
Passe de Mágica: created in 2004 by Magic
P l d B f B ili b k tb ll
Embarcações (Typical Vessels of the Brazilian Coast):
registers the beauty of vessels from north to south of Brazil
Paula and Branca, former Brazilian basketball
players, to offer basketball instruction for
children
Projeto Rede Atletismo Novos Talentos:
(New Talent Athletics Network Project)
training program for athletes developed and
maintained by the Aquarela Foundation
Green Building
Responsible Credit
“Lists of Exceptions”: the Bank does not finance – with
multilateral organizations lines - 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
loans.
Investor Relations | 3Q10 | 28/33

29. Market
Recognition

30. Rating upgrade by Fitch
Consistent performance and credit quality.
On May 24, Fitch Ratings, one of the main international ratings agencies, raised PINE's ratings as follows:
Long-Term Local and Foreign Currency IDR from “B+” to “BB-”
National Long-Term rating from “A-(bra)” to “A(bra)”
National Short-Term rating from “F2(bra)” to “F1(bra)”
Individual rating from “D” to “C/D”
The agency attributed the improvement in ratings due to the following factors :
Bank's consistent performance during the global financial crisis
Adequate credit quality
Consistent risks and credit manage
Favorable capitalization ratios
According to the agency, “the Bank’s rating reflects its agility in adapting to economic volatility, its
strategy of consistently managing risks and balance sheet adjustments”.
Additionally, "since the second half of 2009, Pine resumed focus on Corporate credit growth (...) and also
expanded revenues from cross-selling with the Treasury, addressed to its customers, and services financial
advisory”.
Investor Relations | 3Q10 | 30/33

31. Events and Highlights of 2010
Market recognition.
Banco PINE is one of the top 15 banks in Brazil in terms of Corporate Loans, according to the 2010
edition of Melhores e Maiores, from Exame magazine
Banco PINE was considered the Best Commercial Bank in Brazil by World Finance Banking Awards
The award was created by British magazine World Finance. Among the factors analyzed were:
solutions for clients and optimization of relationships, innovation and flexibility and staying ahead
of the competition.
Investor Relations | 3Q10 | 31/33

32. Banco PINE
Pioneering spirit, solid and transparent, with the agility that companies need.
The first Brazilian bank of its
size to go public
One of the 15 largest banks in
Corporate loans, noted for its
good management during the
crisis
Clear, accessible and
consistent information
Investor Relations | 3Q10 | 32/33

33. Investor Relations
Norberto Zaiet Junior
CFO
Nira Bessler
Head of Investor Relations
Alejandra Hidalgo
Investor Relations Analyst
Phone: +55-11-3372-5553 / 5552
www.bancopine.com.br/ir
ir@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 | 3Q10 | 33/33