The document summarizes Paraná Banco's 1Q08 earnings presentation. Key points include: - Paraná Banco focuses on payroll-deductible and middle-market loans with a low-risk customer base. - Its loan portfolio totaled R$1.31 billion in 1Q08, up 8% from 4Q07. Portfolio quality remained high with 3.9% rated D-H. - Net income was R$23.6 million in 1Q08, up 132.2% from 1Q07 but down 34.6% from 4Q07. Shareholders' equity grew 336.4% to R$815.9 million from 1Q07 to

1. 1Q08 Earnings Presentation

2. The Bank's financial statements are presented on a consolidated and
pro-forma basis, encompassing the financial statements of Paraná Banco, its
subsidiaries, the Credit Receivables Investment Funds Paraná Banco I, the
Credit Receivables Investment Fund Paraná Banco II (FIDCs) and the insurer
J. Malucelli Seguradora.
In the 1Q07, Paraná Banco retained only 15% ofJ.Malucelli Seguradora. The
pro-forma statements of this period include 100% of the insurer.
The statements were prepared based on the accounting practices pursuant
to Brazilian Corporate Law, and associated with the regulations and
instructions issued by the National Monetary Council (“CMN”), the Brazilian
Central Bank (“BACEN”) and the Brazilian Securities and Exchange
Commission ("CVM").
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3. Overview
Niche Bank, focused on payroll-deductible and middle-market loans.
Focus on profitability and a low-risk customer base (civil servants, private-sector
employees and INSS social security system retirees and pensioners).
At the close of the 1Q08, the Bank had 700 payroll-deduction loan agreements (state and
private entities).
Four sales channels: brokers, call center, franchises and own stores.
The Franchise Channel closed the quarter with 81 operational units spread through
several important regions of the country.
Paraná Banco concluded the acquisition of 100% of J. Malucelli Seguradora,
as outlined in the IPO Prospectus. The acquisition was ratified by SUSEP in April of this
year.
Paraná Banco has filed a request with SUSEP seeking authorization to constitute Brazil’s
first private-sector reinsurance company, J. Malucelli Resseguradora S/A.
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4. Paraná Banco
Operating Highlights
Total Originations Number of Agreements
(R$ ‘000)
20%
70%
4

5. Distribution Channels
Brokers Franchises
• The segment’s most traditionalchannel • Control over operational and image-related risks
• Highly scalable model • Guaranteed exclusivity and long-term agreements
• Wide spectrum of agreements • Expansion of product mix
• User-friendly IT system: Brokers’ Portal
81 franchises in
Network of 568 operation and 21
brokers nationwide under development
Call Center
• Extensive capillarity • Acquisition of debts
• Absence of commissions • Refinancing
• Portfolio defense • Marketing campaigns
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6. Total Assets and Shareholders’ Equity
(R$ ’000)
Total Assets Shreholders’ Equity
1,972
1,882
1,043
5% 5%
89% 336%
1Q07 4Q07 1Q08
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7. Loan Portfolio
The loan portfolio totaled R$ 1,310.09 million in the 1Q08
1.310,9
1,310.9
1,210.6
1.210,6
722,5
722.5
8%
81%
1Q07
1T07 4Q07
4T07 1Q08
1T08
7
7

8. Portfolio Quality
High Quality and Exceptional Stability
1Q07 1Q08
5.1% 3.9%
AA-C D-H
94.9% 96.1%
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9. Market Funding Operations
(R$ ‘000)
30.1%
923,045.00
45,304.00
709,264.00
88,800.00
877,741.00
620,464.00
1Q07 1Q08
Total Deposits Funds, acceptances and securities
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10. Summary of Financial
Indicators and Highlights
1Q07 1Q08 1Q07 x 1Q08 4Q07 4Q07 x 1Q08
Net income 10,175 23,628 132.2% 36,124 -34.6%
Shareholders’ equity 186,959 815,867 336.4% 776,572 5.1%
Total assets 1,042,700 1,971,872 89.1% 1,881,567 4.8%
Return on average equity
20.2% 12.4% -7.8 p.p. 18.6% -6.7 p.p.
(annualized)
Return on average assets
3.7% 5.0% -1.3 p.p. 7.9% -3.0 p.p.
(annualized)
Net interest margin
17.7% 14.8% -2.9 p.p. 17.9% -3.1 p.p.
(annualized)
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11. Financial Revenues and
Loan Assignments
1Q07 1Q08 1Q07 x 1Q08 4Q07 4Q07 x 1Q08
Income from loan operations 60,233 75,706 25.7% 79,974 -5.3%
Income ffrom securities
3,241 10,752 231.7% 15,475 -30.5%
operations
Revenue from financial
64,996 86,458 33.0% 95,449 -9.4%
operations
Total originations 169,210 307,021 81.4% 365,231 -14.9%
Payroll-deductible originations 166,500 283,450 70.2% 235,953 20.1%
Middle-market originations 2,710 23,571 769.8% 129,278 -78.8%
Loan assignments (other institutions) 20,079 - -100.0% - n/a
Loan Assignments (FIDCs) 110,854 73,167 -34.0% 80,378 -9.0%
Loan portfolios acquired - - n/a 33,400 -100.0%
% assigned to other institutions 12.1% 0.0% 0.0%
% assigned to FIDCs (payroll-deductible) 66.6% 25.9% -40.7 p.p. 34.1% 8.2 p.p.
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12. Operating
Revenue (Expenses)
Operating Revenue (Expenses) (R$ ‘000)
1Q07 1Q08 1Q07 x 1Q08 4Q07 4Q07 x 1Q08
Personnel expenses (2,264) (5,578) 146.4% (5,520) 1.1%
IPO expenses - - n/a (504) -100.0%
Commissions paid (11,786) (10,726) 9% (9,226) 16.3%
(payroll-deductible loan origination)
Other administrative and (4,356) 3,920 n/a (4,985) -178.6%
operating revenue (expenses)
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13. Alternative Channels vs. Commissions
on payroll-deductible loan originations
Evolution of Alternative Distribution 31%
Channels
28%
Begin of
Franchise 21%
Operations
% of Payroll
Deductible
Loan
10% Origination
3% 9%
7%
6%
5%
1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08
Evolution of Commissions on Loan Origination
8.10%
7.60%
7.10%
1Q06 1Q07 1Q08
* Alternative channels comprise franchises, own stores and the call center
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14. Surety Bond Market
Surety Bond Premiums – Annual
Trends (R$ ‘000)
346,224
205,368 194,664
164,550 167,642
134,749
98,639
77,946 50%
30% 37% 42%
27% 28% 24% 34%
24% 34% 200230% 37% 42% 50%
27% 28%
2000 2001 2003 2004 2005 2006 2007
J. MALUCELLI SEGURADORA S/A Other Insurance Companies
* Source: SUSEP
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15. Surety Bond
Market
Claims and Claims Ratio Trends
80.000
70.000
60.000
50.000
50%
R$ x 1,000
40.000
40%
30.000
20.000
30%
10.000
20%
-
2000 2001 2002 2003 2004 2005 2006 2007
Insurance Claims - Market 10%
Insurance Claims - J. Malucelli Seg 4.7%
3.7%
0%
2000 2001 2002 2003 2004 2005 2006 2007
Claims Ratio - Market
• Source: SUSEP Claims Ratio - J. Malucelli Seguradora
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16. J. Malucelli Seguradora
(R$ ‘000)
Premiums Written Shareholders’ Equity
48,521
48.521 13.5%
74.9%
69.612
69,612
60.887
60,887
27,746
27.746
1T07
1Q07 1Q08
1T08 1T07
1Q07 1T08
1Q08
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17. Ratings
11,39
Rating Rating / Ranking Rating / Ranking Rating
brBBB+ 10,87 brA- A-
Low Credit Risk Low Risk – Medium Low Credit Risk Low Credit Risk
Term
February 2008 April 2008 November 2007 March 2008
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18. Corporate Governance
On October 19, 2007, the Board of Directors authorized a stock buy-
back program involving the purchase of up to 4,156,481 shares by
October 15, 2008.
Paraná Banco hired BANCO UBS PACTUAL S.A. as the market
maker for its preferred shares for a six-month period, automatically
renewable, in order to improve the shares’ liquidity.
Paraná Banco’s Fiscal Council was installed on March 14, 2008.
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19. SHARE PRICE ( Base 100)
0
100
120
20
40
60
80
13/6
PRBC4
21/6
29/6
10/7
18/7
26/7
3/8
13/8
21/8
29/8
6/9
Share Performance
17/9
25/9
3/10
11/10
22/10
30/10
8/11
19/11
28/11
6/12
14/12
26/12
7/1
15/1
23/1
1/2
13/2
21/2
29/2
10/3
18/3
27/3
0
60,000,000
70,000,000
50,000,000
10,000,000
30,000,000
40,000,000
20,000,000
DAILY TRADED VOLUME (R$)
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20. IR Contacts
Luis César Miara André Nacli
CFO and Investor Relations Officer IR Analyst
Phone: (55 41) 3351-9961 Phone: (55 41) 3351-9645
Ricardo Rosanova Garcia Mauricio N. G. Fanganiello
IR Manager IR Coordinator
Phone: (55 41) 3351-9812 Phone: (55 41) 3351-9765
e-mail: ir@paranabanco.com.br
IR Website: www.paranabanco.com.br/ir
This presentation may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on
current expectations and projections regarding future events and financial trends that affect or may come to affect our business. Many important factors
may adversely affect the results of Paraná Banco as described in our estimates and forward-looking statements. These factors include, but are not limited
to, the following: the Brazilian and international economic situation, fiscal, foreign-exchange and monetary policies, higher competition in the payroll-
deductible loan segment, the ability of Paraná Banco to obtain funding for its operations, and amendments to Central Bank regulations.
The words “believe”, “may”, “could”, “seek”, “estimate”, “continue”, “anticipate”, “plan”, “expect” and other similar words are intended to identify
estimates and projections. The considerations involving estimates and forward-looking statements include information related to results and projections,
strategies, competitive positioning, the industry environment, growth opportunities, the effects of future regulations, and the impact from competitors.
Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of
these estimates arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above,
the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make
any decisions based on the estimates, projections and forward-looking statements contained herein.
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