2011 Investors' Meeting Presentation - São Paulo

1. APIMEC SP Meeting
August - 2011

2. History and Profile
Summary
PINE at a Glance
History
Business Strategy
Competitive Landscape
Focusing on the Client
Corporate Credit
Hedging Desk
PINE Investimentos and Distribution
Pillars
Highlights and Results
Corporate Governance and Shares
Organizational Structure
Human Resources: PINE Culture
Corporate Governance
Committees Structure
Shareholders’ Structure
PINE4
Other Highlights
1H11 Events and Highlights
PINE's ratings upgraded by S&P and Austin
Social Responsibility
Appendices
Investor Relations | 2Q11 | 2/37

3. History and Profile

4. PINE at a Glance
PINE specializes in providing financial solutions for medium and large size companies...
Focused on establishing long-term relationships with Credit Portfolio by Annual Client Revenues
companies
PINE thoroughly understands the needs and strategies of
Up to R$150
million
15%
As of June 30, 2011
its clients, offering a broad range of financial
instruments in local and foreign currencies
Close relationship with clients: the average number of
products used by those clients served by more than one
Over R$1
billion
50%
R$150
million to
R$500
million
p y y 16%
product is 2.8.
Business is structured along three primary business lines:
• Corporate Credit: credit and financing products
R$500
million to
R$1 billion
19%
Solid Credit Ratings
• Hedging Desk: Instruments for hedging and risk
management
• PINE Investimentos: vehicle for Investment
Banking and Asset Management
Strategy based on:
• Product diversity
• Qualified human capital
• Efficient risk management
A1.br Brazil national scale
Ba2 Long term foreign currency deposit
Last revised: 04/27/10
Br A Brazil national scale
• Agility
BB- Long term foreign currency deposit –
Positive Outlook
Last revised : 08/23/11
A(bra) Brazil national scale
BB- Long term foreign currency deposit
Last revised : 08/02/11
Investor Relations | 2Q11 | 4/37

5. History
... with extensive knowledge of Brazil’s corporate credit cycle.
1939
1975
1997 2005
2007
Fountaion of
Banco PINE
Noberto Pinheiro
becomes Banco PINE’s
sole shareholder
Pinheiro Family
founds the
Banco Central do
Nordeste
Noberto Pinheiro
becomes one of
BMC’s controlling
shareholders
….
Consolidation of
strategy to
provide full
service to
companies
IPO
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
Investor Relations | 2Q11 | 5/37

6. Business Strategy

7. Competitive Landscape
PINE serves a niche market of companies with few banking options, seeking a dedicated bank that
fully understands their demands.
Focus on the upper-middle and low corporate
segments
Large Multi-service
banks
Consolidation of the banking sector has resulted in
less availability of credit lines and financial
Corporate sector mid-sized banks
Opportunity to grow operations
PINE f d idi l i
instruments
Unique approach: PINE offers diverse products to
PINE: focused on providing complete service
to companies, offering customized products.
an underserved market segment of the banking
industry
Foreign
Banks
Competitive Advantages:
 Fast response
 Dedicated team of specialists with in-depth
knowledge of clients’ businesses, balance
Mid-sized banks
sheets, and market positioning
 Tailor-made solutions based on a diverse
product base
Investor Relations | 2Q11 | 7/37

8. Focusing on the Client
The bank develops a strategy of product diversity, tailored to the needs of each client
CDIs
Interest Rates
CDs
LCIs
CCBs Private
Placements
Currency
Commodities
CDBs
RDBs
LCAs
Eurobonds
Financial
Letters
Local Currency Pricing of Assets and
Liabilities
CRIs Debentures Equities
Working Capital
Overdraft Accounts
Distribution Treasury
Foreign Currency
Liquidity
Management
Trading
Underwriting
BNDES Onlending
Bank Guarantees
Compror/Vendor
ACC/ACE
Clients
Corporate
Credit
PINE
Investimentos
Capital
Markets
Corporate
Finance
Special
Local Currency
Onlending
Foreign Currency
Trade Finance
(Import and Export)
Private Placements
Financial Advisory
Bank
Guarantees
Exclusive Funds
Project Finance
ExportFinance
Finimp
Letters of Credit
2 770onlending
Sales Desk Situations
Investment
Management
Interest Rates Currency
Structured
Credit Funds Finance
Portfolio
Management
Swap NDF
Structured Swaps
2,770onlending
Syndicated and
Structured Loans
y
Commodities
Options
Investor Relations | 2Q11 | 8/37

9. Corporate Credit
... aimed at diversification of credit instruments...
Actions Credit Committee
Meeting frequency: twice a week
Minimum quorum: 4 members - attendance of CEO or
Personalized, agile service, working closely with clients
and keeping a low company to officer ratio: each account
manager handles only 10 economic groups on average.
q
Chairman is mandatory
Members:
Chairman of the Board
Origination staff comprised of 79 people focused on
specific geographic areas, providing the bank with local
and extremely up-to-date credit intelligence.
CEO
Corporate
Operations
Chief Credit Officer
Relationship with more than 600 different economic
groups
Origination network is comprised of 10 branches divided
into 14 business platforms in Brazil’s major economic
centers
Participants:
CFO
PINE Investimentos
Credit Analyst
More than 30 credit analysts, guaranteeing that analysis
are based on industry-specific intelligence
Efficient loan and collaterals process, documentation, and
Other members of the Origination
controls, which has resulted in NPL ratios at an all-time
low range
Credit Approval: Electronic Process
Origination Officers
Credit Analysts
Credit origination Credit analysis, visit to clients, data
updates, interaction with internal
Regional Heads of
Origination and Credit
Analysis
Chief Credit Officer
and Credit Analysts
Presentation to the Credit Committee
CREDIT COMMITTEE
(5 Members)
Centralized and unanimous
decision making process
Discussion on sizing, collateral,
structure, etc.
research team
Investor Relations | 2Q11 | 9/37

10. Hedging Desk
... increasing solutions to make client balance sheets more predictable...
Breakdown of Derivative Portfolio Notional Business
As of June 30, 2011
Fixed
I
DERIVATIVES SEGMENTS
Income Fixed Income: Fixed Floating Inflation Libor
30%
Currencies
62%
Fixed, Floating, Inflation, Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar, Spot
Commodities
8%
Commodities: Sugar, Soybeans (Grain, Meal and Oil),
Corn, Cotton, Metals, Energy
Purpose
Notional: R$3.5 billion
To make client balance sheets more predictable
TRENDS
Increased share of Commodities hedging in the total
Executed with clients that have an ongoing credit
relationship with PINE, rated between AA and C
8 professionals assigned to the Desk, dedicated to
portfolio
Short-term portfolio (average maturity of transactions
is 208 days)
p g ,
serving clients’ daily needs
According to the Cetip ranking, PINE is ranked in the top
15 in overall derivatives and 4th in commodities hedging
for clients
Increased usage of risk mitigation tools such as initial
margin and threshold.
Investor Relations | 2Q11 | 10/37

11. PINE Investimentos and Distribution
... and adding value to companies, always optimizing the use of the Bank's capital.
PINE Investimentos
PINE Investimentos offers unique solutions for its clients in Investment Banking and Investment Management
Investment Banking Investment Management
Asset Management
Fixed Income Funds
Capital Markets
Structuring and
Distressed & Special
Situations
Corporate Finance
M&A
Wealth Management
Portfolio
Credit Funds
Exclusive Mandates
Placement of
Securities
Intermediation
Structured
Transactions
Advisory on Workouts
Negotiation of NPLs
Advisory on
Acquisitions of
Stressed Assets
Private Placements
Strategic and
Financial Advisory
Restructuring
Corporate
Management
Governance
Distribution Desk
Local and Foreign Investors
Family Offices Companies Financial Institutions Foreign Investors
Individuals Asset Managers Pension Funds
Investor Relations | 2Q11 | 11/37

12. Pillars
A strategy supported by solid bases, built and achieved over the years.
Adequate capital structure Strong and motivated team
Meritocracy
Incentives
Qualification
US$125 million subordinated debt, approved by the
Brazilian Central Bank as Tier II capital in June/10
Regulatory Capital: R$ 1.1 billion (Jun/11)
Capital Adequacy Ratio (BIS) of 16.6% (Jun/11)
DEG and PINE partnership (Mar/11)
Corporate clients
Customized service
In-depth knowledge of client needs
Efficient funding structure
Longer average maturities: 19 months (Jun/11)
Greater diversification of funding sources
Product diversity USD 106 million A/B Loan (Jan/11)
R$ 300 million FIDC (Apr/11)
Investor Relations | 2Q11 | 12/37

13. Highligths and Results

14. 2Q11 Highlights
Major KPIs showed improvement in 2Q11...
Corporate Credit
(R$ Million)
7.9%
* Total Funding
(R$ Million)
6.1%
Corporate Net Income (R$ Million)
11.0%
5,792
6,249
5,447 5,780 35.4
39.3
MMaarr--1111 JJuunn--1111 Mar-11 Jun-11 1Q11 2Q11
(*) Includes debentures
Net Income (R$ Million)
14 7%
ROAE
bps
Corporate ROAE
14,7% 210 180 bps
31.5
36.1
15.2%
17.3%
17.2%
19.0%
1Q11 2Q11 1Q11 2Q11 1Q11 2Q11
Investor Relations | 2Q11 | 14/37

15. Product and Revenue Diversification
... with contributions from all business lines, resulting from the strategy of providing complete service
to clients.
Corporate Revenues Growth Penetration Ratio - Clients with more than one Product
R$ Million
174.4
199.2
225.5
2.6
2.8
.
Jun-09 Jun-10 Jun-11
2.3
Jun-09 Jun-10 Jun-11
Corporate Income Breakdown
1H10 1H11
Corporate
Credit
71 6%
PINE
Investimentos
2.7%
Corporate
Credit
63.5%
PINE
Investimentos
5.5%
71.6%
Treasury
7.4% Treasury
Hedging Desk
3.3%
18.4%
Hedging Desk
27.7%
Investor Relations | 2Q11 | 15/37

16. Credit Portfolio
Credit portfolio growth remained positive, posting 7.9% growth for the quarter...
6 249
558
534 601
751
-
-
71
97
Corporate Credit Breakdown (R$ Million)
Private Securities*
4 462
4,794
5,265
5,747
5,792
6,249
Corporate credit
portfolio grew 30.3%
in 12 months.
242 455
629
833
871 902
511
634
842
827
1,022 1,117
1,372
695
728
764
705
-
-
-
-
-
Trade finance
Bank Guarantees
3,068
3,416
4,118
4,462
1 964
2,284
2,703 2,821 2,792
3,251 3,358 3,132 3,126
68
87
176
292
350
744
Onlendings
1,964
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
Working Capital
( )
(*) Includes debentures Total Credit Portfolio (R$ Million)
8
01
016
022
,439
Increase of the corporate
loan portfolio, which
represents 98% of the total
credit portfolio.
3,893
4,089
4,731
4,960
5,188
5,60
6,0
6,0
6,
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
(**) Includes corporate credit, debentures, remaining payroll-deductible loans and credit acquired from financial institutions
Investor Relations | 2Q11 | 16/37

17. Credit Portfolio Profile - Corporate
... growing in a diversified manner, both in sectors and products...
Mid-West
12%
North
2%
C di P f li b S
Geographic Distribution
Northeast
5%
Credit Portfolio by Sector Infrastructure
8%
Transportation
and Logistics
6%
Meat packing
5% Foreign Trade
5%
Financial
Southeast
72%
South
9%
Construction
l
Agriculture
8%
Institutions
4%
Metal and Mining
4%
Bank
Credit Portfolio by Product
Trade
finance
11 9%
9%
Electric and
Telecom
3%
Specialized
Services
Guarantees
22.0%
11.9% Private
Securities*
1.6%
2770
Resolution
0.2%
Sugar and
Ethanol
Renewable
Energy
9%
3%
Vehicles and
Parts
3%
Pharmaceutical
BNDES
Onlendings
14.4%
16%
and Cosmetic
2%
Other
15%
Working
Capital
50.0%
(*) Includes debentures
Investor Relations | 2Q11 | 17/37

18. Credit Portfolio Quality
... with quality, collateral and credit coverage.
Credit Portfolio Quality – June 2011 Non Performing Loans
B
23.2%
Contracts Overdue
Instalments Overdue
C
5.7%
1.1%
9%
AA-A
67.8%
D-E
1.4%
F-H
1.9%
0.
0.5%
0.5%
0.4%
0.4%
0.3%
0.2%
0.2%
0.2%
0.1%
0.1%
More than 15
days
More than 30
days
More than 60
days
More than 90
days
Total Credit Coverage Collaterals
More than
120 days
More than
180 days
94 b
Receivables
Property 38%
Pledge
16%
bps
4 bps
Products
Investments Pledge
1.76%
2.66% 2.70%
6% 40%
Jun-10 Mar-10 Jun-11
Investor Relations | 2Q11 | 18/37

19. Funding
Funding is growing with quality and diversity...
Funding Mix( R$ Million) Private Placements
5 589 5 447
5,780
192 596
413
377
435
152
125
92
230 227
200
160
282
267
75 276
203
194
194 201
220
77 87
151
166
179 172
102 Capital Market
Multilateral Lines
Loan Assignments
5,589
5,375
4,634 4,871 4,531
3 674 3,852
5,447
91 85
175
198 214
218
212
39 50
36
46 42
41
53
206 248
201
224 320
272
209
176 242
453
626
829
867
898
78 108
527
525 448
405
650
529
419 330
249
247
225
239
116
72
Trade Finance
BNDES
Interbank deposits
3,674 ,
6 6 1 654 1 720 1 845
596 87
807
840
1,123 1,064 1,124
1,463 1,559 1,114
1,287
88
89
77
63
84
85
68
Demand deposits
Individuals
Corporate Clients
861
1,225
1,570 1,566 1,646 1,654 1,564 1,720 1,845
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
Institutional
Foreign Funding – Multilateral Agencies
A/B Loan (January, 2011)
US$106.0 Million
Investor Relations | 2Q11 | 19/37

20. Funding and Credit Portfolio Maturities
... posting a 4 month positive gap between credit and funding,
R$ million
Credit Funding
2,616
9
6
-
1,719
1,235
384
186
53
1,412
1,786
1,380
555
395
No Maturity Up to 3
months
(includes
Cash)
From 3 to 12
months
From 1 to 3
years
From 3 to 5
years
More than 5
years
Average Maturity
Credit: 15 months
Funding: 19 months
Investor Relations | 2Q11 | 20/37

21. Capital Adequacy Ratio (BIS)
... while the BIS ratio remained at a comfortable level.
0 6%
BIS Tier II Tier I
19.3%
17.2%
15 6% 18 4% 17 4%
11% Minimum
Regulatoty Capital
0.6%
0.5%
0.5% 0.5% 3.9% 3.6%
3.6% 3.7% 3.4%
15.6%
14.9%
18.5% 18.4% 17.4%
17.1% 16.6%
18.7%
16.7% 15.1% 14.4% 14.6% 14.8% 13.8% 13.4% 13.2%
Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
BIS R ti
Equity (R$ Thousand)
Ratio
(%)
Tier I 907,057 13.2%
Tier II 230,523 3.4%
BIS 1,137,580 16.6%
Investor Relations | 2Q11 | 21/37

22. Balance Sheet Strength and Profitability
In summary, PINE shows profitability and buffers of liquidity, capital and credit portfolio coverage.
ROAE Total Loan Credit Coverage Ratio
5%
16.3%
15.9%
45%
.66%
2.70%
10.
1H09 1H10 1H11
1.76%
1.74%
2.4
2
2
Capital Cash/Time Deposits
DEG Regulatory Capital 11% Minimum Regulatoty Capital
Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
1177,.33%%
0.7%
18.5%
18.4%
17.4%
17.1%
16.6%
43%
40%
43% 42% 42%
Jun-10 Sep-10 Dec-10 Mar-11 Jun-11
Jun-10 Sep-10 Dec-09 Mar-11 Jun-11
Investor Relations | 2Q11 | 22/37

23. Corporate Governance and Shares

24. Organizational Structure
In line with the strategy of agility and proximity, PINE has a non-bureaucratic structure and flat
hierarchy...
Board of Directors
Internal Auditors
Tikara Yoneya
External Auditors
PwC
Noberto Pinheiro
Chairman
Noberto N. Pinheiro Jr.
Vice Chairman
Maurizio Mauro
Independent
Member
Fernando Albino
External Member
Mailson da Nóbrega
Independent
Member
Antonio Hermann
Independent
Member
Fiscal Council
O ti l Ri k
Sidney Veneziani
Sérgio Machado
Alcindo Itikawa
CEO
Noberto N. Pinheiro Jr.
Operational Risk
& Compliance
PINE Investimentos
Gustavo Junqueira
Planning and Control
Susana Waldeck
Sales & Trading
Norberto Zaiet Jr.
Origination
Clive Botelho
Credit Risk & Analysis
Gabriela Chiste
Operations
Ulisses Alcantarilla
q Corporate Credit
• 14 origination
platforms
• São Paulo
• Campinas
• Ribeirão Preto
Corporate Credit
• Analysis and granting
of credit
• Credit risk monitoring
and analysis by sector
Market and liquidity
Risks
Human Resources
Accounting
Controlling
T Pl i
Investment Banking
• Capital Markets
• Corporate Finance
• Distressed and
Special Situations
Investment
Corporate Processing
and Formalization
Legal
Trading
Hedging Desk
• Fixed Income
• Currencies
• Commodities
Local Distribution
• São José do Rio Preto
• Rio de Janeiro
• Curitiba
• Porto Alegre
• Belo Horizonte
• Recife
• Fortaleza
Management Tax Planning
Asset Management
International Distribution
Macro and Commodities
Research
Products
Investor Relations
Investor Relations | 2Q11 | 24/37

25. Human Resources: PINE Culture
...and a team that is always prepared, motivated and ready to serve clients.
Principles of PINE Culture
Cooperative and high performance environment
 Close relationship between managers and employees
High School
11%
Jun/11
 Integrated areas
 Organizational environment
Talent Management and Training
University
55%
Elementary
School
6%
g g
 Fostering ongoing development of employees
 Universidade PINE (PINE University): development activities and internal
training, with subsidies for languages courses, short courses, graduate
courses, MBAs and others
Specializations,
Masters and
Doctarates
28%
Meritocracy
 Culture based on meritocracy
 100% eligible for profit sharing program
 Semiannual individual performance evaluation
Your potential is our difference.
Investor Relations | 2Q11 | 25/37

26. Corporate Governance
PINE adopts the best corporate governance practices…
Two independent members and one external member on the Board of Directors
Mailson Ferreira da Nóbrega: Brazil’s Finance Minister from 1988 to 1990
Maurizio Mauro: Former CEO of Booz Allen Hamilton and Grupo Abril
Fernando Albino de Oliveira: Former Director of the CVM and a partner at Albino Advogados
Associados
Antonio Hermann: Former CEO of Banco Itamarati, Director at FEBRABAN and elected Director of
Brazilian Banking Association
São Paulo Stock Exchange (BM&FBovespa) Level 1 Corporate Governance
Fiscal Council
100% tag along rights for all shareholders, including non-voting shares
Arbitration procedures for fast settlement of litigation cases
First bank to release BR GAAP and IFRS simultaneously and quarterly
Investor Relations | 2Q11 | 26/37

27. Committees
…and encourages decisions made by committees, effectively contributing to the success of business.
Key decisions are made by committees: Board of Directors and a structure of specific committees
Non-stop exchange of knowledge and information
Board of
Transparency
Directors
Fiscal Council
PwC
Executive
Committee
Treasury
Committee
(ALCO)
Products
Committee
Credit
Committee
Internal
Controls and
Audit
Delinquency
Committee
Corporate
Finance
Committee
Committee
Cayman
Committee
Performance
Evaluation
Committee
Ethics
Committee
IT
Committee
Human
Resources
Committee
Risks
Committee
Investor Relations | 2Q11 | 27/37

28. Shareholders’ Structure
Free float of 25.6%.
Base 07/29/11
Common Preferred Total %
Controlling Shareholder 4 5,443,872 14,370,556 59,814,428 71.2%
Management - 2,737,946 2,737,946 3.3%
Free Float - 21,481,892 21,481,892 25.6%
Individuals - 4,581,823 4,581,823 5.5%
Institutional Investors - 7,651,642 7,651,642 9.1%
Foreign Investors - 9,248,427 9,248,427 11.0%
Total 45,443,872 38,590,394 84,034,266
Market Maker
In January 2011, XP Investimentos was hired as a Market Maker to increase PINE4’s
liquidity in the market.
Investor Relations | 2Q11 | 28/37

29. PINE4
Banco PINE pays dividends/interest on own capital on a quarterly basis and has shown an historical
above-market dividend yield.
Indicators
Price: R$ 10.11 P/BV: 0.95 P/E: 5.65
Dividend Yield Dividends and Interest on Own Capital (R$ Million)
8.9%
4.6%
5.7%
6.9% 7.1%
5.8%
7.8%
16
25 25
33
45
30
35
40
35
PINE Bank 1 Bank 2 Bank 3 Bank 4 Bank 5 Bank 6
Sources: Bloomberg, Economática and Banco Pine’s Investor Relations Department – Quotes as of 08/23/2011
1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11
Investor Relations | 2Q11 | 29/37

30. Other Highligths

31. 1H11 Events and Highlights
All pillars resulted in market recognition...
PINE was ranked the 14th largest bank in Brazil in corporate credit and among the 12 largest banks in credit for
large corporations, according to the Maiores e Melhores (Biggest & Best) ranking compiled by Exame magazine.
PINE was ranked the 15th largest bank in Cetip’s overall derivatives ranking, and the 4th largest in commodities
hedging for clients.
On April 6th, PINE’s corporate credit FIDC transaction was successfully completed. The amount of the
transaction was R$ 300 million, with a AA+ rating attributed by S&P.
PINE was considered, , for the second consecutive year, the best
commercial bank in Brazil by the World Finance Banking Awards. The
award was created by British magazine World Finance. Some of the
most important criteria were: solutions for clients and optimization
of relationships, innovation and flexibility, and staying ahead of the
competition
PINE was considered “The Most Green Bank” by International Finance
Corporation’s (IFC) private programs agency of the World Bank This
competition.
Corporation s Bank. was due to its Global Trade Finance Program (GTFP) transactions and
its Corporate Loans to companies focused on renewable energy and
the ethanol market .
Investor Relations | 2Q11 | 31/37

32. PINE's Ratings Upgraded by S&P and Austin
... and werereflected in rating agencies evaluations.
On August 23, Standard & Poor’s upgraded PINE’s ratings as follow:
Local currency from brA- to brA
Foreign currency BB-/B rating affirmed
Revised outlook review to positive
According to the agency, PINE has been successful in implementing its strategy of being a dedicated low
corporate segment bank, diversifying its revenues and funding sources and maintaining good asset quality
and adequate liquidity. S&P could raise the ratings if PINE continues expanding and improving its
profitability while maintaining its liquidity and asset quality at current levels.
On July 13, Austin Ratings upgraded PINE’s ratings as follow:
Long-term rating from A to A+
Short-term A-2 rating affirmed
According to the agency, ““the rating upgrade is supported by the lower exposure of the bank’’s balance
sheet and earnings to to exogenous sector and regulatory factors.” Austin also emphasizes that “the bank
has remained consistent with the strategy established, with a well-defined focus, aimed at increasing cross
selling.”
Investor Relations | 2Q11 | 32/37

33. Social Responsibility
Banco PINE supports and promotes Brazilian culture
Social
Casa Hope
Instituto Alfabetização Solidária
Culture
Diário de Navegação: discusses the early years
of the occupation of the Brazilian coast by
Portuguese colonizers
Instituto Casa da Providência
Hospital Pequeno Príncipe
GRAACC - Grupo de Apoio ao Adolescente e à
Criança com Câncer
Colégio Mão Amiga
Paulo von Poser: exhibit of the painter Paulo
von Poser, who is one of the main figures in
Brazilian art
Teatro Cultura Artística: it is one of the
sponsors of a project to renovate the Cultura
Artística Theater
Sports
Minas Tênis Clube: training program for
thl t
Quebrando o Tabu: documentary based on
analysis by the former President of Brazil,
Fernando Henrique Cardoso, on the fight against
drugs
athletes Além da Estrada: motion picture which received
the award for best director at the 2010 Rio
Tênis Sobre Rodas: a project conducted by
Festival
the Brilho Brasileiro Institute founded by
tennis player Vanessa Menga, which benefits 80
disabled tennis players
Responsible Credit
Green Building
“Lists of Exceptions:” the Bank does not finance
projects or organizations that harm the
environment, use 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.
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34. Appendices

35. Ratings
Moody’s Standard &
Fitch Ratings Riskbank LF Rating Austin
Poor's
nd Foreign
rrency
Long Term Ba2 BB- BB- - - -
Short Term B B
-
- -
Local an
Cur
Long Term Ba2 BB- BB- - - -
Short Term B B
-
- -
Brazil
National
Scale
Long Term A1.br brA A(bra) 10.48
Low Risk for the
Medium Term (-)
A+ A+
Short Term Br-1 F1(bra)
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36. Key Performance Indicators
2Q11 1Q11 2Q10 1H11 1H10
Earnings and Returns
Net Income (R$ thousand) 36,084 31,450 35,605 67,534 65,776
Annualized ROAE 17.3% 15.2% 17.9% 15.9% 16.3%
Annualized ROAAw 1 2.5% 2.3% 2.9% 2.4% 2.7%
Annualized financial margin before provision 6.4% 6.4% 7.7% 6.1% 6.9%
Annualized financial mergin after provision 5.7% 5.5% 7.0% 5.3% 6.5%
Balance Sheet (R$ thousand)
Total credit portfolio 2 6,439,157 6,022,018 5,187,902 6,439,157 5,187,902
Corporate credit and private securities 3 6,248,697 5,792,235 4,794,092 6,248,697 4,794,092
Risk weighted assets 6,026,322 5,650,198 5,045,471 6,026,322 5,045,471
Total deposits 4 3,605,498 3,364,504 3,183,043 3,605,498 3,183,043
Total funding 5,780,490 5,446,978 4,870,598 5,780,490 4,870,598
Shareholders' equity 8 92,700 878,549 853,300 892,700 853,300
Credit portfolio quality
Non performing loans - 15 days 0.3% 0.7% 0.7% 0.3% 0.7%
Non performing Loans - 60 days 0.2% 0.4% 0.6% 0.2% 0.6%
Non performing loans - 90 days 0.2% 0.3% 0.6% 0.2% 0.6%
Credit coverage 2.7% 2.7% 1.8% 2.7% 1.8%
Performance
BIS ratio 16.6% 17.1% 18.5% 16.6% 18.5%
Efficiency ratio 39.9% 38.9% 33.5% 39.5% 36.2%
Earnings per share (R$) 0.43 0.37 0.43 0.80 0.79
Book value per share (R$) 10.62 10.45 10.24 10.62 10.24
(1) Risk weighted assets.
(2) Includes bank guarantees and debentures.
(3) Includes bank guarantees.
(4) Includes Agribusiness Letter o f Credit.
Investor Relations | 2Q11 | 36/37

37. Investor Relations
Norberto Zaiet Junior
CFO
Nira Bessler
Head of Investor Relations
Alexandre Cavalcanti
Investor Relations Manager
Alejandra Hidalgo
Investor Relations Analyst
Phone: +55-11-3372-5553
www.bancopine.com.br/ir
ir@bancopine.com.br
This presentation contains forward-looking statements related to business prospects, estimates for operating and financial results, and estimates related to prospects for growth at 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, and 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.
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