This document provides an overview of a Brazilian bank called PINE. It discusses PINE's history since 1939, business lines including corporate credit, treasury services, and investment banking. It also covers PINE's competitive advantages, focus on client relationships, solid financial position, and recent upgrades to its credit ratings. The document contains details on PINE's operations, strategic pillars, and financial performance in both text and graphical formats.

1. 3Q12 Institutional Presentation

2. History and Profile
PINE
History
Business Strategy
Competitive Landscape
Focus on the Client
Corporate Credit
FICC
PINE Investimentos
Distribution
Pillars
Rating Upgrades
Summary
Highlights and Results
Corporate Governance and PINE4
Organizational Structure
Corporate Governance
Committees
Dividends and Interest on own Capital
Appendix
Investor Relations | 3Q12 | 2/33

3. History and Profile

4. PINE
Specialized in providing financial solutions for wholesale clients…
Credit Portfolio by Annual Client Revenues
September 30th, 2012
Over R$1
billion
56%
R$150
million to
R$500
million
19%
R$500
million to
R$1 billion
18%
Up to R$150
million
7%
Profile
Focused on establishing long-term relationships
Profound knowledge and product penetration
Business is structured along four primary business lines:
• Corporate Credit: credit and financing products
• FICC: instruments for hedging and risk
management
• PINE Investimentos: Investment Banking and
Investment Management
• Distribution of Banking Products: Funding and
investment solutions for foreign and local
investors
Investor Relations | 3Q12 | 4/33

5. November, 2012
Opening of broker dealer in New York, PINE Securities USA LLC
Subscription of PINE’s capital by DEG, Proparco, Controlling shareholder and management
801
827 825
867
1,015
1,216
History
...with extensive knowledge of Brazil’s corporate credit cycle.
1939
Pinheiro Family
founds
Banco Central do
Nordeste
1975
Noberto Pinheiro
End of 2007
August, 2012
Focus on expanding the Corporate Banking franchise
Discontinuation of the payroll-deductible loan business
October, 2007
Creation of the Hedging Desk
May, 2007
Creation of PINE Investimentos product line and
opening of Cayman branch
2005
October, 2011
Subscription of PINE’s capital by DEG
18
Noberto Pinheiro becomes PINE’s sole
shareholder
Corporate Credit Portfolio (R$ Millions)
Shareholders' Equity (R$ Millions)
62
121 126 140 136 152 171
209
155 184 222 341 521 620 755 663 761
335
1,214
2,854
4,254
4,804
6,033
7,063
7,444
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
Sept-12
becomes one of
BMC’s controlling
shareholders
1997
Noberto and Nelson
Pinheiro sell their
stake in BMC and
found PINE
Asian Subprime
Crisis
March, 2007
IPO
Devaluation
of the real
Nasdaq Sept. 11 Brazilian
Elections
(Lula)
Russian
Crisis
European
Community
May, 2012
15 years
Investor Relations | 3Q12 | 5/33

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.
Large Multi-Services banks
100% Corporate
Market
Consolidation of the banking sector has
decreased the supply of credit lines and financial
instruments for corporates
Foreign banks are in a deleveraging process
PINE
100% focused on providing complete service
to companies, offering customized products
.
Corporate & SME
SME & Retail
Retail
Full service Bank – Credit, Hedging, and
Investment Bank products – with room for
growth
~10 clients per officer
Competitive Advantages:
Focus
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
Specialized services
Tailor-made solutions
Product diversity
Foreign and
Investment Banks
Investor Relations | 3Q12 | 7/33

8. Focus Always on the Client
The bank develops a strategy of product diversity, tailored to meet the needs of each client.
Working Capital
CDIs
Overdraft
Pricing of Assets and
Liabilities
Fixed Income
Currencies
Commodities
Equities
CDBs
CDs
RDBs
LCAs
LCIs
CRIs Debentures
CCBs
Eurobonds
Private
Placements
Financial
Letters
Local Currency
Foreign Currency
Distribution Treasury
Liquidity
Management
Trading
Underwriting Working Capital
Local Currency
Onlending
Foreign Currency
Trade Finance
Structured
Finance
Bank
Guarantees
Capital
Markets
Financial Advisory
MA
Project Finance
Participation
Funds
Corporate
Structured
Finance
Investment
Management
Private Credit
Funds
Real Estate Funds
Exclusive Funds
Portfolio
Management
Clients
Corporate
Credit
FICC
PINE
Investimentos
Fixed Income Currencies
Commodities
Swap NDFs
Structured Swaps
Accounts
BNDES Onlending
Bank Guarantees
Compror
ACC/ACE
Export Finance
Finimp
Letters of Credit
2,770 onlending
Rural Credit
Syndicated and
Structured Loans
Options
Investor Relations | 3Q12 | 8/33

9. Corporate Credit
Strong track record and solid credit origination and approval process.
Actions Credit Committee
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
CEO
Chief Operating Officer
Chief Administrative Officer
Chief Risk Officer
Personalized, agile service, working closely with clients
and keeping a low client to account officer ratio: each
officer handles ~10 economic groups on average.
Geographic coverage of clients, providing the bank with
local and extremely up-to-date credit intelligence and
information.
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
Other members of the Corporate Banking
origination team
More than 30 credit analysts, assuring that analysis is
fundamentally driven and based on industry-specific
intelligence
Efficient loan and collateral processes, documentation,
and controls, which has resulted in a low NPL track record
Credit Approval: Electronic Process
OOrriiggiinnaattiioonn OOffffiicceerrss
CCrreeddiitt AAnnaallyyssttss
Credit origination Credit analysis, visit to clients, data
updates, interaction with internal
research team
Regional Heads of
Origination and Credit
Analysis
CRO, Executive
Directors and Analysts
of Credit
Presentation to the Credit Committee
CCRREEDDIITT CCOOMMMMIITTTTEEEE
Centralized and unanimous
decision making process
Discussion on sizing, collateral,
structure, etc.
Investor Relations | 3Q12 | 9/33

10. FICC
PINE is the 2nd player in commodity derivatives1.
Client Notional Derivatives Portfolio by Market Notional Value and MtM
September 30th, 2012 R$ millions
Fixed
Income
22%
Commodities
22%
Currency
56%
Notional Value
MtM
Stressed MtM
358 354 354
178 157 126
597 629
256 238
3,709 3,712 4,287 4,720 4,875
Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
Market Segments Portfolio Profile
Scenario on September, 30th
Duration: 210 days
Mark-To-Market : R$238 million
Stress Scenario (Dollar: +31% and Commodities Prices: -30%):
Stressed MTM: R$629 million
Fixed Income: Fixed, Floating, Inflation, Libor
Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar
Commodities: Sugar, Soybean (Grain, Meal and Oil), Corn,
Cotton, Metals, Energy
1Source: Cetip Report, September 2012
Investor Relations | 3Q12 | 10/33

11. PINE Investimentos
Consolidation of the Investment Banking franchise.
Transactions
Capital Markets: Structuring and Distribution of Fixed
Income Transactions.
Financial Advisory: Project Structured Finance, MA,
and hybrid capital transactions.
Assets under Management: Fixed Income, Credit Funds,
Exclusive Mandates.
R$ 90,400,000
Debentures
Coordinator
September, 2012
R$ 36,000,000
Debentures
Lead Coordinator
August, 2012
R$ 90,000,000
Debentures
Coordinator
July, 2012
Volume of Underwriting Transactions Revenues
R$ Millions R$ Millions
242
346
217
623
880
3Q11 2Q12 3Q12 9M11 9M12
2
18 18
14
52
3Q11 2Q12 3Q12 9M11 9M12
Investor Relations | 3Q12 | 11/33

12. Investment alternatives in local and foreign currency to domestic and foreign investors.
5,182 6,248 6,725
973 1,447 1,679
4,209 4,801 5,046
Distribution
Actions Funding
Responsible for serving investors, offering traditional
investments and also alternatives tied to the credit
origination platform, capital markets, and asset
management.
It counts on PINE’s expertise in structuring and
intermediating fixed income transactions.
Divided by type of investors to provide tailor made
solutions.
R$ Millions
International
Local
Sept-10 Sept -11 Sept-12
Family Offices
Individuals
Corporates
Asset Managers
Financial Institutions
Pension Funds
Foreign Investors
Investors Market Segments
Local Currency
Traditional investments (local deposits such as CDB/RDB/CDI,
LCA/LCI)
Senior and subordinated local notes
Debt Capital Markets (CCBs, Debentures, FIDCs, CRIs, CRAs,
CDCAs, among others)
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 | 3Q12 | 12/33

13. Pillars
Strategy supported by solid fundamentals, built and achieved over the years…
Strong and motivated team
Meritocracy
Right incentives
Highly qualified team
Adequate capital structure
Capital Adequacy Ratio (BIS) of 17.0%
Regulatory Capital: R$1.4 billion
Corporate clients
Strong relationship
Customized service
In-depth knowledge of client needs
Product diversity
Efficient funding structure
Longer average maturities: 16 months (Sept/12)
Greater diversification of funding sources
USD25 million 10 year funding with Proparco
Investor Relations | 3Q12 | 13/33

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)
PINE’s rating in national scale, to
brAA from brA (three notches)
On August 23rd, 2011:
Local currency rating, to brA from
On May 14th, 2012
Foreign and Local Currency Long-
Term IDR to 'BB' from 'BB'-
National Long-Term Rating to
'A+(bra)' from 'A(bra)'
Viability rating upgraded to 'bb'
from 'bb-'
Banco Pine S.A. USD 125 million
On August 23rd, 2012:
PINE’s outlook upgraded to
Positive
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
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
product penetration, is a good indicator of the
successful maintenance of profitability levels.
The agency based its ratings on the strong
asset-quality, adequate liquidity, capital, and
earnings. SP also emphasizes the gradual
funding diversification, through foreign
issuances, securitizations, and the recent
capital increase subscribed by DEG.
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
captures the bank's improved funding
diversification, well managed asset quality
metrics and its good liquidity and capital
management.
Investor Relations | 3Q12 | 14/33

15. Highlights and Results

16. 3Q12 Events and Highlights
US$30 million, 7-year funding transaction with the Global Climate Partnership Fund (GCPF), fund backed
by the German Government with the KFW Bankengruppe, the Government of Denmark and IFC, and
managed by Deutsche Bank.
Approval by the Central Bank of the first phase of the capital increase in the amount of R$139.6 million.
Amount already incorporated into shareholders´equity.
Positive revenue contributions from all business lines in 9M12: 60.2% from Corporate Credit, 17.6% from
Hedging Desk, 11.2% from Treasury and 11.0% from PINE Investimentos, which continues to demonstrate
the recurring nature of these revenue streams.
Positive liquidity gap maintained for over 10 quarters: 14 months for credit versus 16 months for funding.
Highly liquid balance sheet, with a strong cash position of R$1.4 billion, or 41% of time deposits.
Nominated by the International Finance Corporation (IFC), as the best issuing bank, in recognition of
Pine´s support of the energy efficiency sector.
Ranked amongst the 15 largest players in the CETIP derivatives ranking, and 2nd largest in commodity
derivatives.
9th largest bank in Brazil in 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 | 3Q12 | 16/33

17. 3Q12 Financial Highlights
The main performance indicators continued to show positive development in the period…
R$ Millions
Total Credit Risk1
8.3%
6,875 7,444
Sept-11 Sept-12
Total Funding
7.6%
6,248 6,725
Sept -11 Sept-12
Shareholders' Equity
982
1,216
23.8%
Sept-11 Sept-12
Net Income
23.7%
38 47
3Q11 3Q12
15
28
Fee Income
86.7%
3Q11 3Q12
¹ Includes Letters of Credit to be used, Bank Guarantees, Credit Securities to be Received, and Private Securities (bonds, DRIs, eurobond,s and fund shares)
ROAE
170 bps
19.0%2
17.3% 17.7%
3Q11 3Q12
2 Excludes capital increase of R$139.6 million incorporated into shareholders´equity
Investor Relations | 3Q12 | 17/33

18. 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
More than 1 product 1 product
41% 40% 37%
59% 60% 63%
2.8
2.9
2.8
Sept-10 Sept-11 Sept-12 Sept-10 Sept-11 Sept-12
Revenue Mix
Corporate
Credit
65.9%
PINE
Investimentos
3.9%
Treasury
4.9%
FICC
25.3%
9M11
Corporate
Credit
60.2%
PINE
Investimentos
11.0%
Treasury
11.2%
FICC
17.6%
9M12
Investor Relations | 3Q12 | 18/33

19. Loan Portfolio1
The portfolio has maintained its product distribution…
R$ millions
827 822 800
881 883
883
1,022 1,117
1,372
1,534 1,687 1,684 1,599 1,699
555
533 622
772
756
782
1,021 1,154 942
336
269 230
190
124 100
81
64 47
Retail
Trade finance
Guarantees
5,613
6,033 6,057
6,545
6,875 7,063
7,426
7,641 7,444
846 881 912
644 279 325 386 670 783
4
75 172
3,251 3,358 3,132 3,126 3,300 3,286 3,370 3,332 3,174
Sept-10 Dec-10 Mar-11 Jun-11 Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
¹ Includes Letters of Credit to be used, Bank Guarantees, Credit Securities to be Received, and Private Securities (bonds, DRIs, eurobonds, and fund shares)
BNDES Onlending
Private Securities
Working Capital
Investor Relations | 3Q12 | 19/33

20. Loan Portfolio Quality
... with quality, collaterals, and adequate credit coverage.
Loan Portfolio Quality Non Performing Loans 90 days
September 30th, 2012
0.5%
0.6% 0.7%
0.6%
0.8%
0.2% 0.2%
0.2% 0.2%
0.4%
Contracts overdue
Installments Overdue
AA-A
B
40.5%
C
11.7%
D-E
2.5%
F-H
1.6%
Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
Credit Coverage Collaterals
Products
Pledge
47%
Receivables
26%
Guarantees
2%
Investments
3%
Properties
Pledge
22%
43.7%
2.7%
+80 bps
3.7% 3.5%
Sept-11 Jun-12 Sept-12
Investor Relations | 3Q12 | 20/33

21. Active Loan Portfolio Management
3Q12 2Q12
Sugar and Ethanol;
19%
Construction
10%
Electric and
Renewable Energy;
9%
Meatpacking; 2%
Chemicals; 3%
Food Industry; 3%
Metal and Mining; 3%
Beverages and
Tobacco; 4%
Vehicles and Parts;
Specialized Services;
4%
4%
Financial
Institutions; 2%
Telecom
2%
Others; 9%
Sugar and Ethanol
16%
Construction
12%
Electric and
Renewable Energy
10%
Financial
Institutions
Chemicals
Telecom
2%
Food Industry
3%
2%
Beverages and
Tobacco
3%
Vehicles and Parts
4%
Metal and Mining
4%
Specialized
2%
Construction
Material
2%
Others
9%
Transportation and
Logistics; 5%
Foreign Trade; 5%
Agriculture
9%
Infrastructure
6%
Foreign Trade
Transportation
and Logistics
6%
6%
Reduction of exposure to the Sugar and Ethanol sector, from 19% to 16%;
Agriculture; 9%
Infrastructure; 7%
Increased participation in other sectors such as Electric and Renewable Energy, Transportation and Logistics,
Foreign Trade;
Reshuffle of the 20 largest clients in approximately 25%;
Reduced relative participation of the top 20 clients when compared to shareholders equity by 6%, or 17% when
considering the capital increase; and
20 largest clients represented 27% of the total portfolio.
Services
4%
Investor Relations | 3Q12 | 21/33

22. Funding
Diversified sources of funding…
R$ millions
829
898 867 867 868 813
626
31 33
829
-
21
33
247 256
281 291 553
561
194
194
185
205 237
246 233
295
260
200
160
282
267 310
353 276
234
156
166
158
155
84
86
250
125
118
180
413
377
435
596
814
753
841
1,089
1,083
Trade Finance
Private Placements
Multilateral Lines
International Capital
Markets
Local Capital Markets
5,437 5,322
5,182
5,902
6,248
6,544 6,421
6,933 6,725
53 66 112 210 165 106 161 194
42
33
867
46 176
224 213 320
198 214
41
272
218
1,463 1,530 1,114
212 228 250 281 223
1,287 1,253
1,196 1,186 1,228 1,177
1,654 1,592 1,720 1,845 1,965 2,130 2,128 2,153 2,056
Sept-10 Dec-10 Mar-11 Jun-11 Sept-11 Dec-11 Mar-12 Jun-12 Sept-12
BNDES
Demand Deposits
Interbank Time Deposits
High Net Worth Individual
Time Deposits
Corporate Time Deposits
Institutional Time
Deposits
Investor Relations | 3Q12 | 22/33

23. Asset Liability Management
... presenting a positive gap between credit and funding.
Matching of Transactions
CREDIT FUNDING
BNDES BNDES
Trade Finance Trade Finance
Deposits
Working Capital, Private
Securities1 And Cash
Financial Bills
Intl. Funding
Loan / Total Funding
80%
76%
81%
76%
73%
1 Includes debentures, CRIs, eurobonds, and fund shares
Sept-11 Dez-11 Mar-12 Jun-12 Sept-12
ALM Deposits vs. Total Funding
R$ Millions R$ Millions
-
2,947
2,165
1,363
Credit Funding
494
1,739
2,155
1,679
957
33 118
162
No maturity Up to 3
months
From 3 to 12
months
From 1 to 3
years
From 3 to 5
years
More than 5
years
6,248 6,933 6,725
41% 45% 46%
59% 55% 54%
Sept-11 Jun-11 Sept-12
Others
Total
Deposits
Investor Relations | 3Q12 | 23/33

24. Capital Adequacy Ratio (BIS)
BIS ratio reached 17.0%.
Tier II Tier I
Minimum Capital Requirement (11%)
3.6%
3.6% 3.7% 3.4%
4.5%
4.2%
3.1% 3.3%
3.0%
18.4%
17.4% 17.1% 16.6%
19.6%
18.5%
16.4% 15.9%
17.0%
14.8% 13.8% 13.4% 13.2%
15.1% 14.3% 13.3% 12.6%
14.0%
Sept -10 Dec -10 Mar -11 Jun -11 Sept -11 Dec -11 Mar -12 Jun -12 Sept -12
R$ million BIS Ratio(%)
1,210
Tier I 14.0%
Tier II 256
3.0%
Total 1,466
17.0%
Investor Relations | 3Q12 | 24/33

25. Capital Increase
Central Bank approved the capital increase announced in August 2012.
The capital increase resulted in the issuance of 6,558,123 common shares in the amount of R$93,649,996.44,
and 3,220,203 preferred shares, totaling R$45,984,498.84, at a unit price of R$14.28.
Summary
Total of R$139.6 million
Total Shares Subscribed: 6,558,123 common shares and 3,220,203 preferred shares:
2,100,839 by DEG;
519,577 by Management;
587,732 by minorities; and
12,055 left overs subscribed by minority shareholders.
With the aproval of the Central Bank, the shareholders´ structure is as follows:
Common Preferred Total %
Controlling Shareholder 58,444,889 15,595,863 74,040,752 68.2%
Management - 5,923,784 5,923,784 5.5%
Free Float - 28,271,724 28,271,724 26.0%
Individuals - 2,734,411 2,734,411 2.5%
Institutional Investors - 11,330,025 11,330,025 10.4%
DEG - 5,005,067 5,005,067 4.6%
Foreign Investors - 9,202,221 9,202,221 8.5%
Treasury - 394,840 394,840 0.4%
Total 58,444,889 50,186,211 108,631,100 100.0%
For managerial purposes, minority shareholders were considered individuals.
Investor Relations | 3Q12 | 25/33

26. Corporate Governance and PINE4

27. Management Structure
Non-bureaucratic, entrepreneurial, and meritocratic culture with a flat hierarchy, speeding the decision
making process.
Noberto Pinheiro Noberto Pinheiro Jr Maurizio Mauro Gustavo Junqueira Mailson da Nóbrega Antonio Hermann
CEO
Chairman Vice Chairman Independent
INTERNAL AUDIT
Tikara Yoneya
COMPENSATION
COMMITTEE
Noberto N. Pinheiro Junior
AUDIT COMMITTEE
EXTERNAL AUDIT
PWC
Director
External
Director
Independent
Director
Independent
Director
BOARD
COO
Norberto Zaiet
CRO
Gabriela Chiste
HUMAN RESOURCES
Sidney Vilhena
CAO
Ulisses Alcantarilla
CFO
Susana Waldeck
Origination
Investment Banking
Sales Trading
Research Macro /
Commodities
International
Asset Liabilities Back
Office
Legal
Collaterals Management
Special Situations
Middle Office
Controlling
Accounting
Tax Planning
IT
Accounts Payable
Office Management
Marketing
Investor Relations
Credit and F.I. Research
Compliance Internal
Controls
Credit, Market ,and
Liquidity Risks
Investor Relations | 3Q12 | 27/33

28. 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 (BMFBovespa) 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 | 3Q12 | 28/33

29. 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
RISK
COMMITTEE
AUDIT
COMMITTEE
BOARD OF DIRECTORS
COMPENSATION
COMMITTEE
45 days Bi-annually Monthly
CEO
COMMITTEES
INVESTMENT
EXECUTIVE CREDIT
LITIGATION
ASSET LIABILITY
COMMITTEE
ALCO
HUMAN
RESOURCES
BANK
INTERNAL
PERFORMANCE
EVALUATION CONTROLS AND
IT ETHICS
COMPLIANCE
Monthly Twice a week Weekly Weekly Bi-monthly Every 2 months Monthly Bi-monthly Quarterly On demand
Investor Relations | 3Q12 | 29/33

30. Dividends and Interest on Own Capital
PINE has delivered an attractive dividend yield paying dividends/interest on own capital on a quarterly
basis.
25 25
33
45
30
35
40
35
55
40
30
R$ millions
2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 3Q12
Investor Relations | 3Q12 | 30/33

31. Appendix

32. Social Investment and Responsibility
PINE supports and promotes the Brazilian culture and sports
Social
Instituto Alfabetização Solidária
Instituto Casa da Providência
Sports
Minas Tênis Clube: training program for
athletes
Most Green Bank
Recognized by the International Finance
Corporation (IFC), private agency programs of
the World Bank as the most green bank as a
Culture
Paulo von Poser: exhibit of the painter Paulo
von Poser, who is one of Brazil’s most prominent
artists
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 director in the 2010
Rio Festival
Responsible Credit
“Lists of Exceptions”: the Bank does not finance
result of its transactions under the Global
Trade Finance Program (GTFP) and its on
lending to companies focused on renewable
energy and ethanol
Global Compact
PINE joined the Global Compact initiative in
October 2012. The UN initiative mobilizes the
international business community to adopt
fundamental and internationally accepted
values in their business practices in the areas
of human rights, labor relations, environment
and combating corruption, which are reflected
in ten principles.
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.
Investor Relations | 3Q12 | 32/33

33. Investor Relations
Noberto N. Pinheiro Júnior
CEO
Susana Waldeck Norberto Zaiet Junior
CFO / IRO COO
Raquel Varela
Head of Investor Relations
Alejandra Hidalgo
Investor Relations Manager
Ana Lopes
Investor Relations Analyst
Fone: +55-11-3372-5343
www.pine.com/ir
ir@pine.com
This report may contain forward-looking statements concerning the business prospects, projections of operating and financial results and growth outlook of PINE. These are merely projections and as such
are based solely on management’s expectations regarding the future of the business. These statements depend substantially on market conditions, the performance of the sector and the Brazilian economy
(political and economic changes, volatility in interest and exchange rates, technological changes, inflation, financial disintermediation, competitive pressures on products and prices and changes in tax
legislation) and therefore are subject to change without prior notice. Given that PINE is in quiet period because of the issuance of Financial Bills of its 2nd public issuance, we recommend that any potential
investor read in conjunction with this Press Release, the Final Prospectus (in particular the section Risk Factors) and the documents incorporated by reference to it, such as PINE's Reference Form,
available on its website (www.pine.com/ir).
Investor Relations | 3Q12 | 33/33