Paraná Banco reported its financial results for 4Q08 and full year 2008. Key highlights include: - Net income of R$84.1 million in 2008, with the insurance sector contributing 27.2% - Total assets of R$1.9 billion, growing 5.1% - Origination of payroll-deductible

2. Disclaimer
The Financial Statements are presented in a consolidated form for 4Q08 and 2008 and
“pro forma” for 4Q07 and 2007, encompassing the financial statements of Paraná
Banco its subsidiaries the Fundo de Investimento em Direitos Creditórios Paraná Banco
Banco, subsidiaries,
I, the Fundo de Investimento em Direitos Creditórios Paraná Banco II (FIDCs), J. Malucelli
Seguradora, J. Malucelli Re., J. Malucelli Seguradora de Crédito ( awaiting approval on
the part of SUSEP) and J. Malucelli Agenciamento e Paraná de Consórcio.
During 4Q07, Paraná Banco owned 45% of J. Malucelli Seguradora. The “pro forma”
4Q07 J Seguradora
statements for this period include 100% of the insurance company.
The statements were prepared based on accounting practices deriving from corporate
legislation coupled with the rules and instructions of the CMN, THE Central Bank of
i i i i i
Brazil (BACEN) and the Securities Exchange Commission.
The information contained in this material regarding future events are exposed to risks
and uncertainties and are subject to change, stemming from, among other factors:
market behavior, Brazil’s economic and political situation and legislative changes and
, p g g
regulations. The information presented here is entirely based upon the expectations of
the Bank’s Administration regarding its future performance, and in no way constitutes a
guarantee of results.
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3. Main Highlights
Net income in 2008: R$ 84 1 million
84.1 insurance sector responsible for
27.2% of consolidated net income
Interest on equity (IOE) paid in 2008: R$ 41.3 million 49.1% of net
income
Total assets: R$ 1.9 billion growth of 5.1%
Origination of payroll-deductible credit: R$ 920.8 million growth of
5.4%
Total deposits: R$ 769.5 million decline of 2%
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4. Main Highlights
Basel Index: 56.7% increase of 7.7 p.p for the quarter
pp q
Delinquency index: 2.7% of the Consolidated Portfolio (without
assignments of co-obligations)
Assignments of Credit with Co-obligation: R$ 340 million in 4Q08, with
Net Revenues of R$ 5.9 million
ROAE of 10.5%, ROAA of 4.1% and NIM of 15.1%
J. Malucelli Seguradora market share of 43.3% in 2008 (data from
SUSEP)
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5. Segmentation and Products
PARANÁ BANCO
CREDIT INSURANCE
DUAL
Payroll-Deductible Loans
INDIVID
Payroll-Deductible Credit Card
CDC (stores and vehicles)
RATE
Surety Bonds
CORPOR
Small and Medium Sized
Medium-Sized
Credit Insurance
Corporations (PME)
Reinsurance
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6. Diversification - Credit
PME
• Started in 3Q07;
• 2 structured products :
• Working Capital
• Guaranteed Account
• Balance of the PME credit portfolio : R$ 86.6 million – 7.8% of the Bank’s total portfolio
• Origination in 4Q08: R$ 53.4 million - increase of 58% compared to the previous quarter
CDC LOJISTA (STOREOWNER CONSUMER CREDIT) CDC VEÍCULOS
• Rolled out in October 2008; • Startup in 4Q08;
• 3 structured products : • Financing of used vehicles;
• Paraná Banco Credit – Check • Initial production: R$ 5.9 million.
• Paraná Banco Credit - Payment Book
• Paraná Banco Credit– Payroll-Deductible
Credit
• 142 Shops;
• Portfolio: R$ 1.5 million.

7. Distribution Channels
CORRESPONDENTSRES FRANCHISES
PONDENTES
• The most traditional channel in the segment • Control of image and operational risks
• Highly scalable model • Unique and innovative distribution channel
• Friendly IT system: The Correspondent’s Portal • Expansion of product mix
89 franchises in operation –
Network of 652 correspondents
spread out throughout Brazil ABF prize for the best financial
p
services in 2008
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OWN STORES
• Located in large centers where the demand and
competition are greatest
• Regional offices
• Implementation of own teams
Own Stores
6 stores in operation: São Franchise
Paulo, Rio de Janeiro, Goiânia,
, , ,
Belo Horizonte and 2 in Curitiba

8. Origination, Commissions and
Alternative Channels
Alternative Channels Evolution Payroll-Deductible Credit
y
2.9% commission
paid over Origination
origination 49%
41%
31% 920,865
920,865
28% 30%
10% 21%
7%
3%
9% 873,704
3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08
Segmentation of Payroll-deductible 5.4%
5 4%
Loan Origination
24.90% States
27.30%
Municipality
INSS 2007 2008
20.10%
27.70% Other Entities
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9. Loan Portfolio
The credit portfolio total balance amounted to R$ 1,110.5 million in 4Q08
Loan Portfolio Risk Classification
1.467,1 4Q07 4Q08
1.210,5 4% 6%
1.110,5
‐ 24 3 %
24.3 %
96%
‐8.3 % 94%
AA‐C D‐H
4Q07 3Q08 4Q08
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10. Assets and Net Worth
(R$ ‘000)
Total Assets Net Worth
2,186
811 809
1,977
1 977
1,881
‐ 0.2 %
‐9.6 %
776
5.1 %
4.3
4 3%
4Q07 3Q08 4Q08 4Q07 3Q08 4Q08
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11. Market Funding Operations (R$)
Total f di
T l funding Funding
F di sources
867,215
844,061 FIDCs
56,922 97,681
16% Institutional
26% Investors
13% Related
Parties
787,139 769,534
14% Individuals
31%
Other
Companies
2007 2008
Total Deposits Issues abroad
Paraná Banco maintains in cash and cash equivalents
q
at least 20% of its time deposits
Free cash in 4Q08: R$ 600.3 million – 78.4% of total deposits
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12. Summary of Financial Indicators
and Highlights
4Q07 x
Q 4Q08 x
Q 2008 x
4Q07 4Q08 3Q08 2007 2008
4Q08 3Q08 2007
Income from financial
operations 95,449 120,046 25.8% 103,104 16.4% 325,325 408,091 25.4%
Expenses from financial
operations (34,850) (48,025) 37.8% (57,193) 16.0% (137,055) (175,422) 28.0%
Financial operations result 69,689 82,423 18.3% 56,000 47.2% 224,661 269,833 20.1%
ROAE 19.6% 8.1% (11.5 p.p.) 9.8% (1.7 p.p.) 14.4% 10.5% (3.9 p.p.)
ROAA 8.0% 3.1% (4.9 p.p.) 3.6% (0.5 p.p.) 5.3% 4.1% (1.2 p.p.)
NIM 17.6% 19.8% 2.2 p.p. 12.4% 7.4 p.p. 16.6% 15.1% (1.5 p.p.)
The Bank’s net exchange exposure was U$$ 5 million, with the remaining
US$ 35 million, obtained in August, protected at 115.75% of the CDI.
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13. Operating Income
(Expenses)
4Q07 x 2008 x
4Q07 4Q08 2007 2008
4Q08 2007
Other
O h operating i
i income (
(expenses)
) (20,235)
( ) (53,812)
( ) 165.9%
% (90,127)
( ) (126,724)
( ) 40.6%
%
Personnel Expenses (5,520) 9,567) 73.3% (18,305) (31,856) 74.0%
Other Administrative Expenses (25,099)
(25 099) 60,479)
60 479) 141.0%
141 0% (106,984)
(106 984) (156,919)
(156 919) 46.7%
46 7%
(11.786) 9%
Insurance premiums 84,877 100,303 18.2% 191,614 245,348 28.1%
The increase in operating expenses is justified by: an advance on
commissions referring to assignments, administrative restructuring and an
increase in technical insurance and retained claims provisions.
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14. Surety Bonds
Total Premiums Written
494.9
339.5
205.4 194.7
194 7
164.5 167.6
134.8
77.9 98.6 43%
51%
30% 37% 42%
27% 28% 24% 34%
2000 2001 2002 2003 2004 2005 2006 2007 2008
J. MALUCELLI SEGURADORA S/A Other Insurance Companies * Source: SUSEP
28% 24% 34% 30% 37% 42% 50%
27%
Undisputed leader of the surety
... has ROAE of 23.4% in
bond market, with a 43.3% market
market 43 3%
2008
share…
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15. Surety Bonds
Claims and Claims Ratio
J. Malucelli Seguradora vs. Market
50% 76.1 76.0
40%
30%
35.8 38.3
32.5
32 5
28.2 29.9
20% 15.40%
16.1
10% 9.1
5.9 4.0 6.5
4.2% 2.4
0.2 0.5 0.4 0.4 0.2
0%
2000 2001 2002 2003 2004 2005 2006 2007 2008
2000 2001 2002 2003 2004 2005 2006 2007 2008
Insurance Claims Market Insurance Claims J. Malucelli Seg
Market J. Malucelli Seguradora
g
• Source: SUSEP
Claims ratio indicators show a Accurate risk appraisal is
healthy situation in relation to the evidenced by low claims
market ratio
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16. Reinsurance
• Reinsurance market was opened in May 2008
• Operations as a Local Reinsurer started in June 2008
• Took advantage of the Market reserve
• 100% reinsurance of JM Seguradora’s premiums
In seven months of operations (Jun Dec 2008)
(Jun-Dec 2008),
J Malucelli Resseguradora achieved:
• R$ 129.3 million worth in written premiums
• R$ 4.5 million Net Income
• 10.8% ROAE
• `Partnership with International Reinsurance Companies
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17. Corporate Governance
The Board of Directors approved on December 16, 2008, in compliance with
pp , , p
CVM Instruction 358/2002, the Trading Policy for the Company’s
Securities, designed to formalize the rules to be obeyed by connected
individuals and the Company itself.
On December 22, 2008 the Board of Directors approved payment of IOE in
the total amount of R$ 11 4 million the equivalent of R$ 0 11 per share
11.4 million, 0.11 share.
During the year, R$ 41,4 million was distributed, or R$ 0.39 per share, which
represents a 49.1% pay-out and a dividend yield of 15.6%.
On July 7, 2008 the Board of Directors approved the conclusion and
cancelling of 4,155,600 preferred shares acquired during the 1st buyback
program. O th same d t th 2 d program t k effect, and until th
On the date, the 2nd took ff t d til the
moment some 3,371,600 preferred shares have been acquired through it and
held in treasury.
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18. Share Price
PRBC4
P/E = 3.1
120 25000
BVPS = 0.34
ME NEGOTIATED (R$ Thousands)
asis 100)
100
20000
LUTION (ba
80
15000
PRICE EVOL
60
10000
40
SHARE P
DAILY VOLUM
5000
20
0 0
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19. IR Contacts
Cristiano Malucelli Mauricio N. G. Fanganiello
Administrative and Investor Relations Officer IR Coordinator
Tel: (55 41) 3351-9950 Tel: (55 41) 3351-9765
Ricardo Rosanova Garcia Marianne Baggio
IR Analyst
IR Manager
Tel: (55 41) 3351-9645
Tel: (55 41) 3351-9812
e-mail: ri@paranabanco.com.br
IR Website: www.paranabanco.com.br/ri
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 i t
th f ll i g: th B ili d international economic situation, fi l f
ti l i it ti fiscal, foreign-exchange and monetary policies, high
ig h g d t li i higher competition i th payroll-
titi in the ll
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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