2Q12 Institutional Presentation

1. Institutional Presentation
2Q12

2. Summary
History and Profile
PINE
History
Business Strategy
Competitive Landscape
Focus on the Client
Corporate Credit
FICC
PINE Investimentos
Pillars
Rating Upgrades
Highlights and Results
Corporate Governance and PINE4
Organizational Structure
Corporate Governance
Committees
Dividends and Interest on own Capital
Appendix
Investor Relations | 2Q12 | 2/34

3. History and Profile

4. PINE
Specialized in providing financial solutions for wholesale clients…
Credit Portfolio by Annual Client Revenues
June 30th, 2012
Up to R$ 150
million
> R$ 1
billion
17%
R$ 150 to
R$500
million
56%
12%
R$ 500
million to
R$ 1 billion
Profile
15%
Focused on g establishing g long-term p
relationships Business is structured along four primary business lines:
Profound knowledge and product penetration
g p y
• Corporate Credit: credit and financing products
• FICC: instruments for hedging and risk
management
•• PINE Investimentos: Investment Banking and
Investment Management
• Distribution: Funding and investment solutions
for foreign and local investors
Investor Relations | 2Q12 | 4/34

5. History
...with extensive knowledge of Brazil’s corporate credit cycle.
1939
Pinheiro Family
founds End of 2007
August, 2012
Subscription of PINE’s capital
1
by DEG ,Proparco1,Controlling shareholder
and management
October, 2011
Subscription of PINE’s capital by DEG
Banco Central do
Nordeste
Focus on expanding the Corporate Banking franchise
Discontinuation of the payroll-deductible loan business
October, 2007
Creation of the Hedging Desk
PINE s 827 825
867
1,015
1,053
1975
Noberto Pinheiro
May, 2007
Creation of PINE Investimentos product line
and start up of Cayman branch
2005
Noberto Pinheiro becomes
801 becomes one of
BMC’s controlling
shareholders
PINE’s sole shareholder
Corporate Credit Portfolio (R$ Millions)
Shareholders' Equity (R$ Millions) 4 181
5,747
6,921
7,478
209
335
1997
q y( $ )
155 184 222 341 521 620 755 663
761
1,214
2,854 3,070
4,181
18
62
121 126 140 136 152 171
Noberto and Nelson
Pinheiro sell their
stake in BMC and
found PINE
Dec-97
Dec-98
Dec-99
Dec-00
Dec-01
Dec-02
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Asian Russian
Devaluation Nasdaq Sept. 11 Brazilian
Subprime
European
Jun-12
Crisis
Crisis
Community
March, 2007
May, 2012
1 Subject to precedent conditions and final negotiations
IPO
15 years of the real
Elections
(Lula)
Investor Relations | 2Q12 | 5/34

6. Business Strategy

7. Competitive Landscape
PINE serves a niche market of companies that lack adequate banking options, seeking a bank that fully
understands their needs.
Market
Consolidation of the banking sector has
Large Multi-Services banks
decreased the supply of credit lines and financial
instruments for corporates
Foreign banks are in a deleveraging process
100% Corporate
g g gp
PINE
100% focused on providing complete service
to companies, offering customized products
.
Corporate & SME
Full service Bank – Credit, Hedging, and
Investment Bank products – with room for
growth
Foreign and
Investment Banks
SME & Retail
~10 clients per officer
Competitive Advantages:
 Focus
Retail
 Fast response: Strong relationship with
clients, with the credit committee
meeting twice a week and response times
to clients of no more than one week
 S i li d i
Specialized services
 Tailor-made solutions
 Product diversity
Investor Relations | 2Q12 | 7/34

8. Focus Always on the Client
The bank develops a strategy of product diversity, tailored to meet the needs of each client.
CDIs
CDs
LCIs
CCBs Private
Pricing of Assets and
Liabilities
Fixed Income
Currencies
CDBs
RDBs
LCAs
Eurobonds
Placements
Financial
Letters
Local Currency
Liquidity
Management
Working Capital
Overdraft
Commodities
Equities
CRIs Debentures
Foreign Currency
Distribution Treasury
Trading
Working Capital
Underwriting
Accounts
BNDES Onlending
Bank Guarantees
Compror
ACC/ACE
Clients
Corporate
Credit
PINE
Investimentos
Capital
Markets
Advisory
Local Currency
Onlending
Foreign Currency
Trade Finance
g
Advisory
Private
Placements
Investment
Management
Bank
Guarantees
Fixed Income
Export Finance
Finimp
Letters of Credit
2,770 onlending
FICC
Fixed Income Currencies
Credit Funds
Structured/
Project
Finance
Structured/
Project
Finance
Structured
Finance
Funds
Portfolio
Management
Swap NDFs
Structured Swaps
Syndicated and
Commodities Structured Loans
Options
Investor Relations | 2Q12 | 8/34

9. Corporate Credit
Strong track record and solid credit origination and approval process.
Actions Credit Committee
Personalized, agile service, working closely with clients
and keeping a low client to account officer ratio: each
officer handles ~10 economic groups on average.
q
Meets twice a week – reviewing 20 proposals on average
Minimum quorum: 4 members - attendance of CEO or
Chairman is mandatory
Members:
Chairman of the Board
Geographic coverage of clients, providing the bank with
local and extremely up-to-date credit intelligence and
information.
CEO
Chief Operations Officer
Chief Administrative Officer
Chief Risk Officer
Established long term relationships with more than 600
economic groups
Origination network is comprised of 11 branches divided
into 14 origination platforms in Brazil’s major economic
centers
Participants:
FICC Executive Director
Credit Analysts
More than 30 credit analysts, assuring that analysis is
fundamentally driven and based on industry-specific
intelligence
Other members of the Corporate Banking
origination team
Efficient loan and collateral processes, documentation,
and controls, which has resulted in a low NPL track record
pp
Credit Approval: Electronic Process
Origination Officers
Credit Analysts
Credit origination analysis clients Regional Heads of
Origination and Credit
Analysis
CRO, Executive
Directors and Analysts
of Credit
Presentation to the Credit Committee
CREDIT COMMITTEE
Centralized and unanimous
Discussion on sizing sizing, collateral
collateral,
Credit analysis, visit to clients, data
updates, interaction with internal
research team
decision making process
structure, etc.
Investor Relations | 2Q12 | 9/34

10. FICC
PINE is the 1st player in terms of OTC commodities NDF for clients¹…
Client Notional Derivatives Portfolio by Market Notional Value and MtM
June 30th, 2012
597
Notional Value
MtM
Stressed MtM
R$ millions
Fixed Income
24% Currency
60%
256
224
358 354 354
Commodities
84
178 157 126
16%
3,457 3,709 3,712 4,287 4,720
, , , , ,
Jun-11 Sept-11 Dec-11 Mar-12 Jun-12
Market Segments Portfolio Profile
Fixed Income: Fixed Floating Inflation Libor
Scenario on June June, 30th:
Duration: 249 days
Mark-To-Market: R$256 million
Fixed, Floating, Inflation, Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar
Stress Scenario (Dollar: +31% and Commodities Prices: -30%):
Stressed MTM: R$597 million
Commodities: Sugar, Soybean (Grain, Meal and Oil), Corn,
Cotton, Metals, Energy
1Source: Cetip Report, June 2012
Investor Relations | 2Q12 | 10/34

11. PINE Investimentos
… and #10th in Debt Capital Markets1 in Brazil.
Volume of Underwriting Transactions Revenues
R$ Millions R$ Millions
381
317
346 16
18
12
2Q11 1Q12 2Q12 2Q11 1Q12 2Q12
Selected Transactions
R$540,000,000
M&A
R$115,000,000
Project Finance
R$25,000,000
Certificate of Real Estate
Receivables
R$100,000,000
Promissory Notes (ICVM 476)
R$67,000,000
Promissory Notes (ICVM 476)
Exclusive Advisor Exclusive Advisor Coordinator Coordinator Coordinator
March, 2012 May, 2012 May, 2012 May, 2012 June, 2012
1Source: Anbima
Investor Relations | 2Q12 | 11/34

12. Distribution
Investment alternatives in local and foreign currency to domestic and foreign investors.
Actions Funding
Responsible for serving investors, offering traditional
investments and also alternatives tied to the credit
origination platform capital markets and asset
5 902
6,933
+50%
+17%
R$ Millions
platform, markets, management.
It counts on PINE’s expertise in structuring and
intermediating fixed income transactions.
986
1,152
1,736
4,622
5,902 International
g
Divided by type of investors to provide tailor made
solutions.
3,636
4,750 5,197 Local
Family Offices
Jun-10 Jun-11 Jun-12
Investors Market Segments
Local Currency
T diti li t t (l ld it h CDB/RDB/CDI
Individuals
Corporates
Asset Managers
Traditional investments local deposits such as CDI,
LCA/LCI)
Senior and subordinated local notes
Debt Capital Markets (CCBs, Debentures, FIDCs, CRIs, CRAs,
CDCAs, among others)
Financial Institutions
Pension Funds
Foreign Investors
Foreign Currency
Time Deposits and CD – Certificate of Deposit
Senior and Subordinated bonds issued by PINE
Debt Capital Markets (CCB, Credit Fund, Bonds) – through Credit
Linked Notes
Investor Relations | 2Q12 | 12/34

13. Pillars
Strategy supported by solid fundamentals, built and achieved over the years…
Adequate capital structure Strong and motivated team
Meritocracy
Right incentives
Highly qualified team
Capital Adequacy Ratio (BIS) of 15.9%
Regulatory Capital: R$1.3 billion
Capital increase announced and closer partnerships
with DEG and Proparco will raise BIS to 17.5%
Corporate clients
Strong relationship
Efficient funding structure
g p Longer average maturities: 16 months Jun/12)
Customized service
In-depth knowledge of client needs
Product diversity
g g ( )
Greater diversification of funding sources
USD25 million 10 year funding with Proparco
USD106 million A/B Loan (Jan/11) with the IIC
Investor Relations | 2Q12 | 13/34

14. Rating Upgrades
...with market recognition and positive evaluation by rating agencies.
On December 7th, 2011:
PINE’s rating in global scale, to
BB+ from BB- (two notches)
On May 14th, 2012
Foreign and Local Currency Long-
Term IDR to 'BB' from 'BB'-
On August 23rd, 2012:
PINE’s outlook upgraded to
Positive
PINE’s rating in national scale, to
brAA from brA (three notches)
On August 23rd, 2011:
Local currency rating, to brA from
National Long-Term Rating to
'A+(bra)' from 'A(bra)'
Viability rating upgraded to 'bb'
from 'bb-'
Banco Pine S.A. USD 125 million
brA-Reaffirmed
the Rating in foreign
currency in BB-Revision
from PINE’s outlook to
positive
Subordinated notes to 'B+' from 'B'
Fitch attributed this upgrade to the
diversification of PINE's funding profile and its
good assets and liabilities management,
provided by the adequate match of the credit
and funding books In addition the Agency
The agency based its ratings on the strong
asset-quality, adequate liquidity, capital, and
earnings. S&P also emphasizes the gradual
funding diversification, through foreign
issuances securitizations and the recent
Moody's explained that the positive outlook
reflects PINE’s profitability through a well-executed
strategy, and which has ensured
earnings recurrence. The rating action also
books. addition, captures the bank's improved funding
considered that the positive liquidity gap
allied with the good cash position evidences
the Bank's overall solid financial strength.
According to the Agency, the Bank’s continued
increase in fee income, mainly due to higher
issuances, securitizations, capital increase subscribed by DEG.
bank s diversification, well managed asset quality
metrics and its good liquidity and capital
management.
product penetration, is a good indicator of the
successful maintenance of profitability levels.
Investor Relations | 2Q12 | 14/34

15. Highlights and Results

16. 2Q12 Events and Highlights
Capital increase of approximately R$155.0 million. The increase will take place starting with the
execution, on this date, of a subscription agreement with DEG in the amount of R$30.0 million coupled
with an investment of R$93.7 million by the controlling shareholder and R$7.2 million by PINE’s
management. In addition, the French agency Proparco approved the principle of an investment
amounting up to €10 million. These transactions will increase the BIS Ratio to 17.5%, an improvement of
approximately 160 bps. All transactions are subject to regulatory approvals and other precedent
conditions as announced in the Material Fact released today.
In April, PINE carried out its first offering of financial bills known as Letras Financeiras, issuing R$313.2
million in two-year notes.
Highly liquid balance sheet with a strong cash position of R$1.4 billion, which corresponds to 38% of time
deposits.
Positive liquid gap between the credit and funding portfolios of 3 months: 13 months for credit and 16
months for funding. PINE has maintained this positive gap for over 2 years.
Positive contributions from all business lines in the quarter: 58.4% from Corporate Credit, 19.8% from
FICC, 11.5% from the Treasury, and PINE Investimentos contributed 10.3%, demonstrating recurrence in its
results.
Ranked amongst the 15 largest banks in the Cetip derivatives ranking and 1st in terms of OTC commodities
NDF for clients.
9th largest bank in Brazil offering credit to large corporates, 15th in credit to companies, and 5th in wealth
generated per employee, according to the “Melhores e Maiores” ranking compiled by Exame magazine.
Investor Relations | 2Q12 | 16/34

17. Capital Increase
PINE is honored with DEG’s trust and partnership with the announcement of another transaction and
welcomes Proparco.
The second equity investment by DEG in a Brazilian financial institution, both with PINE, and the first by Proparco in a
Latin America financial institution.
In addition to the subscription made by DEG, of R$30.0 million, and by Proparco, of R$25.0 million, the capital increase
also includes the participation of the controlling shareholder and the senior management, for a total of R$100.8
million.
Summary
Total of ~R$155 million
Premium on Shares: 15% over the average price of the last 60 days
Total Shares: 6,558,123 common shares and 4,352,590 preferred shares
BIS Ratio: to 17 5% 17.5%, 14 5% 14.5% for Tier I and 3 0% 3.0% for Tier II
The aforementioned transactions further strengthen the capital structure of PINE as well as the relationships with DEG
and Proparco, and will allow the Bank to continue to expand its activities in a sustainable manner.
After approval by the Brazilian Central Bank Bank, the ownership structure will have the following composition:
With Capital increase Common Preferred Total %
Controlling Shareholder 58,444,889 15,595,863 74,040,752 67.5%
Management - 5,591,947 5,591,947 5.1%
Free Float - 30,005,788 30,005,788 27.3%
DEG - 5,005,068 5,005,068 4.6%
Proparco - 1,750,700 1,750,700 1.6%
Individuals - 3,382,393 3,382,393 3.1%
Local Institutional Investors - 11,054,997 11,054,997 10.1%
F i I t 8 812 630 8 812 630 8 0%
Foreign Investors - 8,812,630 8,812,630 8.0%
Treasury - 125,000 125,000 0.1%
Total 58,444,889 51,318,598 109,763,487 100%
Investor Relations | 2Q12 | 17/34

18. 2Q12 Financial Highlights
The main performance indicators continued to show positive development in the period…
R$ Millions
Loan Portfolio¹
18.6%
Total Funding
17.5%
Shareholders’ Equity
17.9%
6,305 7,478 5,902 6,933 893 1,053
Jun 11 12
, ,
-Jun -Jun -11 Jun -12 Jun -11 Jun -12
Net Income
ROAE
140 bps
Credit Coverage
27.8%
130 bps
36 46 17.3% 18.7%
2.7% 4.0%
Jun-11 Jun-12 2Q11 2Q12 2Q11 2Q12
¹ Includes debentures, CRIs, eurobonds and hedge fund shares
Investor Relations | 2Q12 | 18/34

19. Product and Revenue Diversification
...with contributions from all business lines, fruits of the strategy of complete service to clients.
Clients with more than one Product Penetration Ratio – Clients with more than one Product
2.9
More than 1 product 1 product
44% 38%
60% 2.8
2.6
40%
56% 62%
Revenue Mix
Jun-10 Jun-11 Jun -12
Jun-10 Jun-11 Jun-12
1H11 1H12
Corporate
Credit
63 5%
PINE
Investimentos
5.5%
PINE
Investimentos
10.3%
63.5%
Treasury
3.3%
Corporate
Credit
58.4%
Treasury
11.5%
FICC
27.7%
FICC
19.8%
Investor Relations | 2Q12 | 19/34

20. Loan Portfolio1
The portfolio continued to grow, +2.4% QoQ and +18.6% YoY…
R$ millions
1,154 T d Trade fi
finance
1,021 6,732 6,935
7,300 7,478
772
756
782
533 622 1 684 1 599
5,277
5,760 5,823
6,305
,
827 821
881 883
883
1,022 1,117
1,372
1,534 1,687 1,684 1,599
704
555
Guarantes
Onlending BNDES
4,811
-
- -
71 122
251 297 342 572
472
644
846 881 912
842
Private Securities
2,792 3,251 3,358 3,132 3,126 3,300 3,286 3,370 3,332
Working Capital
Jun-10 Set-10 Dez-10 Mar-11 Jun-11 Set-11 Dez-11 Mar-12 Jun-12
¹ Includes debentures, CRIs, eurobonds and hedge fund shares
Investor Relations | 2Q12 | 20/34

21. Loan Portfolio Profile
... in a diversified manner...
Loan Portfolio by Industry Segments Geographic Distribution
Midwest
1%1
North
1%
Sugar and Ethanol;
19%
Meatpacking; 2%
Financial
Institutions; 2%
Telecom
2%
Others; 9%
Northeast
7%
Chemicals; 3%
Food Industry; 3%
Metal and Mining; 3% Construction
Southeast
73%
South
8%
10%
Electric and
g
Beverages and
Tobacco; 4%
Vehicles and Parts;
4%
S ili d S i
Renewable Energy;
9%
Agriculture; 9%
Infrastructure; 7%
Specialized Services;
Transportation and
Logistics; 5%
Foreign Trade; 5%
4%
Investor Relations | 2Q12 | 21/34

22. Loan Portfolio Quality
... with quality, collaterals, and adequate credit coverage.
Loan Portfolio Quality Non Performing Loans > 90 days
0.7% 0.7%
Contracts Overdue
Installments Overdue
B
36.9%
June 30th, 2012
0.5% 0.5%
0.6%
0 3% 0 3% 0 3% C
10.9% 0.3%
0.2%
0.3% 0.3%
0.2%
D-E
1.8%
F-H
Jun-11 Sept-11 Dec-11 Mar-12 Jun-12
Credit Coverage Collaterals
AA-A
48.1%
2.3%
Products
Pledge
Guarantees 46%
2%
+130 bps
+40 bps
Investments
3%
2.7%
3.6% 4.0%
Receivables
26%
Properties
Pledge
23% Jun -11 Mar-12 Jun-12
Investor Relations | 2Q12 | 22/34

23. Funding
Diverse sources of funding…
R$ millions
Trade Finance
250 234
118
596
814
753
841
1,089
Private Placements
Multilateral Lines
5 437
5,902
6,248
6,544
6,421
6,933
194
21
185
33
205 237 246 233
295
247 256 281 291 553
194
- 829
898 867
867 868 813
227
200
160
282
267 310
353 276
151
166
158
155
84 86
125
405
413
377 435
International Capital
Markets
Local Capital Markets
5,437
5,182
4,622
5,322
198 214
218
1,287 1,253 1,196 1,186 1,228 175
1 463 1 530 1 114
212 228 250 281 223
201
224 320
272
210 165 106 161 194
36
46 42
41
53 66 112 31 33
453
626
867
20-3
BNDES
Demand Deposits
b k i D i
1,124
1,463 1,530 1,114
,
1,646 1,654 1,592 1,720 1,845 1,965 2,130 2,128 2,153
Interbank Time Deposits
High Net Worth Individual
Time Deposits
, , Corporate Time Deposits
Jun-10 Sept-10 xDec-10 Mar-11 Jun-11 Sept-11 xDec-11 Mar-12 Jun-12
Institutional Time
Deposits
Investor Relations | 2Q12 | 23/34

24. Asset & Liability Management
... presenting a positive gap of 3 months between the credit and funding portfolios.
Matching of Transactions
CREDIT FUNDING 82% 80%
76%
81%
76%
Loan / Total Funding
BNDES BNDES
Trade Finance Trade Finance
Deposits
Working Capital, Private
Securities1 And Cash
Local & International
Capital Markets
Private Placements/ Multilateral
Jun-11 Sept-11 Dec-11 Mar-12 Jun-12
ALM Deposits vs. Total Funding
5,902 6,421 6,933
/
Lines
1 Includes debentures, CRIs, eurobonds, and hedge fund shares
R$ Millions
R$ Millions
39% 41% 45%
Others
,
3,124
1,921
2,344
1,590
1,642
1,775
Credit Funding
61% 59% 55%
Total
Deposits
-
402
1,056
33 94
135
Jun-11 Mar-12 Jun-12
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
Investor Relations | 2Q12 | 24/34

25. Capital Adequacy Ratio (BIS)
BIS ratio reached 15.9%.
Tier II Tier I
Minimum Capital Requirement (11%)
3.9% 3.6%
3 6%
4.5%
4.2%
18.5% 18.4%
17.4% 17.1%
18.5%
19.6%
16.6% 16.4% 15.9% 17.5%
3.6% 3.7% 3.4%
3.1% 3.3% 3.0%
14.6% 14.8% 13.8% 13.4% 13.2% 15.1% 14.3% 13.3% 12.6% 14.5%
Jun -10 Sept-10 Dec -10 Mar -11 Jun -11 Sept-11 Dec -11 Mar-12 Jun -12 With
Capital
Increase
R$ million BIS Ratio (%)
Tier I 1,055 12.6%
Tier II 277 3.3%
Total 1,331 15.9%
Investor Relations | 2Q12 | 25/34

26. Guidance for 2012
PINE is ready to continue growing with its clients, and reaffirms its guidance for 2012.
Guidance
Expanded Corporate Credit Portfolio 17% - 22%
Personnel and Administrative Expenses 8% - 12%
NIM 5.5% - 7.5%
ROAE 17% - 20%
Investor Relations | 2Q12 | 26/34

27. Corporate Governance and PINE4

28. Management Structure
Non-bureaucratic, entrepreneurial, and meritocratic culture with a flat hierarchy, speeding the decision
making process.
BOARD
Noberto Pinheiro Noberto Pinheiro Jr Maurizio Mauro Gustavo Junqueira Mailson da Nóbrega Antonio Hermann
Chairman Vice Chairman Independent
Member
External Member Independent
Member
Independent
Member
INTERNAL EXTERNAL AUDIT AUDIT COMPENSATION AUDIT COMMITTEE
Tikara Yoneya COMMITTEE PWC
CEO
Noberto Pinheiro Jr
HUMAN RESOURCES
Sidney Vilhena
COO
Norberto Zaiet
CRO
Gabriela Chiste
CAO
Ulisses Alcantarilla
CFO
Susana Waldeck
Origination
Investment Banking
Sales & Trading
Asset & Liabilities Back
Office
Legal
Controlling
Accounting
Tax Planning
Credit and F.I. Research
Compliance & Internal
g Controls
Research Macro /
Commodities
International
Collaterals Management
Special Situations
Middle Office
g
IT
Accounts Payable
Office Management
Marketing
Investor Relations
Market and Liquidity Risks
Investor Relations | 2Q12 | 28/34

29. Corporate Governance
PINE commits to best corporate governance practices…
Three 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
Antonio Hermann: Former CEO of Banco Itamarati, Director at FEBRABAN and elected Director of
Brazilian Banking Association
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
First Brazilian bank to release BR GAAP and IFRS quarterly
Investor Relations | 2Q12 | 29/34

30. Committees
…favoring collective decision making.
Main decisions are taken by committees: Board of Directors and a structure of specific committees
Non-stop exchange of knowledge, ideas, and information
Transparency
45 days BOARD OF DIRECTORS
RISK
COMMITTEE
AUDIT
COMMITTEE
COMPENSATION
COMMITTEE
45 days Bi-annually Monthly
CEO
COMMITTEES
INVESTMENT
EXECUTIVE CREDIT
LITIGATION
TREASURY
COMMITTEE
ALCO
HUMAN
RESOURCES
BANK
INTERNAL
PERFORMANCE
EVALUATION IT ETHICS
CONTROLS AND
COMPLIANCE
Monthly Twice a week Weekly Weekly Bi-monthly Every 2 months Monthly 45 days Quarterly On demand
Investor Relations | 2Q12 | 30/34

31. Dividends and Interest on Own Capital
PINE has delivered an attractive dividend yield paying dividends/interest on own capital on a quarterly
basis.
55
45
40
40
25 25
33
30
35
35
16
1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12
Investor Relations | 2Q12 | 31/34

32. Appendix

33. Social Investment and Responsibility
PINE supports and promotes the Brazilian culture and sports
Social
Instituto Alfabetização Solidária
Culture
Paulo von Poser: exhibit of the painter Paulo
von Poser, who is one of Brazil’s most prominent
artists
Instituto Casa da Providência Quebrando o Tabu: documentary based on the
analysis from the former President of Brazil,
Fernando Henrique Cardoso, on the fight against
drugs
Além da Estrada: motion picture, which
received the award for best in the 2010
Sports
Minas Tênis Clube: training program for
athletes
director Rio Festival
Responsible Credit
“Li fE i ” h B kd fi
Most Green Bank
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.
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 on
lending to companies focused on renewable energy and
ethanol.
Investor Relations | 2Q12 | 33/34

34. Investor Relations
Noberto Pinheiro Jr.
CEO
Susana Waldeck Norberto Zaiet Jr.
CFO COO
Raquel Varela
Head of Investor Relations
Alejandra Hidalgo
Investor Relations Manager
Phone: +55-11-3372-5343
ir.pine.com.br
ir@pine.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.
Investor Relations | 2Q12 | 34/34