PINE is a Brazilian bank that specializes in providing financial solutions to mid and large companies. In 2Q11, PINE's corporate credit portfolio grew 7.9% to R$6.2 billion, with contributions from all business lines. PINE aims to offer a diverse range of financial products and personalized service through its origination network and expertise in credit, treasury, investment banking and asset management. Going forward, PINE is well positioned for continued growth due to its adequate capitalization, efficient funding structure, and experienced management team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
Â
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Â
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins at high rate quickly.DOT TECH
Â
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
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Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
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In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how can i use my minded pi coins I need some funds.DOT TECH
Â
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. đ I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Â
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
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USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
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financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
⢠The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
⢠The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
⢠The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
⢠Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and assetâs value is determined by companyâs performance. There are two major types of equity securities: common stock and preferred stock.
ď Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the companyâs board of director or the business decisions to be made.
ď Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for companyâs growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What price will pi network be listed on exchangesDOT TECH
Â
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ â 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Â
Pi coins is not launched yet in any exchange đą this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAYÂ you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers âĽď¸
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
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Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the worldâs largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
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The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a âRoaring Twentiesâ? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. governmentâs aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
âIn order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,â says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
2. History and Profile
Summary
PINE at a Glance
History
Organizational Structure
Business Strategy
Competitive Landscape
Diversity of Products
Corporate Credit
Hedging Desk
PINE Investimentos
Distribution
The Current Scenario and Future Prospects
Highlights and Results
Corporate Governance and Shares
Corporate Governance
Main Committees
Shareholdersâ Structure
Shareholders Profile
Dividends
Other Highlights
2Q11 Events and Highlights
Social Responsibility
Appendix
Investor Relations | 2Q11 | 2/36
4. PINE at a Glance
PINE specializes in providing financial solutions for mid and large companies
Credit Portfolio by Clientsâ Annual Revenues
Focused on establishing long-term relationships with
companies
As of June 30, 2011
Up to R$150
million
15%
PINE thoroughly understands the needs and strategies of
its clients, offering a broad range of financial
instruments in local and foreign currencies
S l i hi i h li li h d
Over R$1
billion
50%
R$150
million to
R$500
million
Strong relationship with clients: clients that are served
by more than one product, in average, are served by 2.8
products
Business is structured along four primary business lines:
R$500
million to
R$1 billion
19%
16%
g p y
⢠Corporate Credit: credit and financing products
⢠Hedging Desk: Instruments for hedging and risk
management
⢠Distribution: investment solutions for foreign and
local investors
Solid Credit Ratings
⢠PINE Investimentos: vehicle for Investment
Banking and Asset Management
A1.br Brazil national scale
Ba2 Long term foreign currency
deposit
gy
Strategy based on: Br A Brazil national scale
⢠Product diversity
⢠Qualified human capital
⢠Efficient risk management
⢠Agility
BB- Long term foreign currency
deposit â Positive Outlook
A(bra) Brazil national scale
BB Long term foreign currency
BB- deposit
Investor Relations | 2Q11 | 4/36
5. History
Founded in 1997, PINE has shown a track record of continued development
1939
1975
1997 2005
2007
Foundation of Banco
PINE
Noberto Pinheiro
becomes Banco PINEâs
sole shareholder
Foundation of
Banco Central do
Nordeste by the
Pinheiro Family
Noberto Pinheiro
becomes one of
BMCâs controlling
shareholders
âŚ.
Consolidation of
PINEâs corporate
banking strategy
IPO
1939 â Pinheiro Family founds its first bank in Brazil â 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 PINEâs sole shareholder
2007 â IPO
Investor Relations | 2Q11 | 5/36
6. Organizational Structure
Non-bureaucratic structure and flat hierarchy, streamlining the decision making process
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 NĂłbrega
Independent
Member
Antonio Hermann
Independent
Member
Fiscal Council
O ti l Ri k
Sidney Veneziani
SĂŠrgio 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 JosÊ 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 | 6/36
8. Brazilian Competitive Landscape
Financial sector consolidation reduced options to our target segment
Focus on the upper middle and low corporate
segments
Large Multiple
banks
Consolidation in the banking sector caused
reduction in the supply of credit lines and
Corporate sector mid-sized banks
Opportunity to expand operations
PINE f d l i f
financial instruments to the bankâs segment
Unique approach: offering diversity of products to
PINE: focused on complete service for
companies, offering tailor-made products.
a market segment poorly serviced by the banking
industry
IB and
Foreign
Banks
Competitive Advantages:
9 Fast response
9 Dedicated team of specialists with deep
knowledge of the clients business, balance
Mid-sized banks
sheet and market positioning
9 Tailor-made solutions based on a diverse
product base
Investor Relations | 2Q11 | 8/36
9. Client-oriented Strategy
A diversity of financial instruments to better serve our clients needs
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
Overdraft Accounts
Distribution Treasury
Foreign Currency
Liquidity
Management
Trading
Working Capital
Underwriting
BNDESOnlending
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
Project Finance
Exclusive Funds Warranties
Export Finance
Finimp
Letters ofCredit
2 770 onlending
Sales Desk
Situations
Investment
Management
Interest Rates Currency
Structured
Credit Funds Finance
Portfolio
Management
Swap NDF
Structured Swaps
2,770 Syndicated and
Structured Loans
te est ates Cu e cy
Commodities
Options
Investor Relations | 2Q11 | 9/36
10. Corporate Credit
Constantly searching for diversification and expansion of our credit exposure
Actions
Personalized, agile service, working closely with clients
and keeping a low ratio of companies per officer: each
account manager covers only 10 economic groups on
Credit Portfolio by Product
As of June 30, 2011
Bank
Guarantees
Trade
finance
11.9% Private
(*) Includes debentures
S iti *
average.
Origination staff comprised of 79 people focused on
specific geographic areas. It provides the bank with local
and highly updated credit intelligence.
22.0%
BNDES
Securities*
1.6%
2770
Resolution
0.2%
Onlendings
14.4%
Relationship with more than 600 different economic
groups
Origination network is comprised of 10 branches divided
Working
into 14 b siness business platforms in different Bra ilian Brazilian economic
centers
More than 30 credit analysts that guarantee intelligent
analysis in each sector
g
Capital
50.0%
Efficient loan and collaterals process, documentation and
controls, which results in historically low NPL ratios
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
Discussion around sizing,
collateral, structure etc
Chief Credit Officer
and Credit Analysts
Presentation to the Credit Committee
CREDIT COMMITTEE
(5 Members)
Centralized and unanimous
decision making process
research team
Investor Relations | 2Q11 | 10/36
11. Hedging Desk â PINEâs FICC business
Expertise qualifies the Bank to quickly respond to market conditions and clients demands
Breakdown of Derivative Portfolio Notional Business
DERIVATIVE SEGMENTS
Fixed Income: Fixed Floating Inflation Libor
As of June 30, 2011
Fixed
I Fixed, Floating, Inflation, Currencies: Dollar, Euro, Yen, Pound, Canadian Dollar,
Australian Dollar, Spot
Income
30%
Currencies
62%
Commodities: Sugar, Soybean (Grain, Meal and Oil),
Corn, Cotton, Metals, Energy
Commodities
8%
Purpose
To bring predictability the clientsâ balance sheet
TRENDS
Increased participation of Commodities hedging in the
Notional: R$3.5 billion
to clients Executed with clients that have an ongoing credit
relationship with PINE, rated between AA and C
8 professionals assigned to the Desk, dedicated to serve
total portfolio
Short-term portfolio (average maturity of transactions
of 208 days)
p g ,
clients on their daily needs
According to Cetip ranking, PINE is ranked on top 15th in
overall derivatives and 4th in commodities hedging to
clients
Increased usage of risk mitigation tools such as initial
margin and threshold.
Investor Relations | 2Q11 | 11/36
12. PINE Investimentos
Creating new values for clients and optimizing the use of the Bankâs Capital
PINE Investimentos offers unique solutions for its clients in Investment Banking and Investment Management.
With a highly qualified team and deep knowledge of the market, this area operates as an advisor and not as
counterparty, serving the interests and needs of companies and their shareholders, in a customized manner and with
diversity of products.
Investment Banking Investment Management
Asset Management
Fixed Income Funds
Capital Markets
Structuring and Placement of Securities
Credit Funds
Exclusive Mandates
Wealth Management
P tf li M t
Intermediation
Structured Transactions
Corporate Finance
M&A Portfolio Management
Private Placements
Strategic and Financial Advisory
Restructuring
Corporate Governance
Distressed & Special Situations
Advisory on Workouts
Negotiation of NPLs
y Advisory on q
Acquisitions of Stressed
Assets
Investor Relations | 2Q11 | 12/36
13. Distribution
Investment alternatives in local and foreign currency to domestic and foreign investors
PINEâs Distribution Desk is responsible for serving investors, offering traditional investment products and also
alternatives linked to the credit origination platform, capital market, asset management and other structured
transactions.
The objective is to provide the clients with a diversified portfolio of investments in line with market development,
that adjusts to investorsâ risk profiles. The Distribution Desk counts on PINEâs expertise in structuring and
intermediation of fixed income transactions.
Our Distribution Desk is segmented by type of investor to provide a personalized service.
Investors Products
Family Offices
Individuals
Local Currency
Traditional investments (local deposits such as
CDB/RDB/CDI, LCA/LCI)
Senior and subordinated local notes
Companies
Asset Managers
Debt Capital Markets (CCBs, Debentures, FIDCs, CRIs,
CRAs, CDCAs, among others)
Derivatives
Financial Institutions F i C
Pension Funds
Foreign Investors
Foreign Currency
Time Deposits and CD â Certificate of Deposit
Senior and Subordinated bonds issued by PINE
Debt Capital Markets (CCB, Credit Fund, Bonds) â through
Credit Linked Notes
Derivatives
Investor Relations | 2Q11 | 13/36
14. The Current Scenario and Future Prospects
PINE has the key resources to continue developing its strategy: adequate capitalization, efficient
funding and strong management team
Adequate capital structure Efficient funding structure
US$125 million subordinated debt, approved by the
Brazilian Central Bank as Tier II capital in June 2010
Regulatory Capital: R$ 1.1 billion (Jun/11)
Lengthening of average maturities: 19 months
(Jun/11)
Greater diversification of funding sources
Capital Adequacy Ratio (BIS) of 16.6% (Jun/11)
DEG and PINE partnership (Mar/11)
USD 106 million A/B Loan (Jan/11)
R$ 300 million FIDC (Apr/11)
Corporate clients
Strong and motivated team
Meritocracy
Incentives
Customized service
Deep knowledge of clients needs
Product diversity Qualification
Investor Relations | 2Q11 | 14/36
16. 2Q11 Highlights
Improvement on the major KPIs in the 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 | 16/36
17. Product and Revenue Diversification
... with contributions from all business lines, as a result of the strategy of complete service
to clients.
Corporate Revenues Evolution 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 | 17/36
18. Credit Portfolio
Credit portfolio evolution remained positive, posting a 7.9% growth in 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 | 18/36
19. 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 | 19/36
20. Credit Portfolio Quality
... with quality, collaterals and credit coverage.
Credit Portfolio Quality â 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 | 20/36
22. Funding and Credit Portfolio Maturities
... posting a 4 months 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 | 22/36
23. Capital Adequacy Ratio (BIS)
... while 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 | 23/36
24. 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 | 24/36
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 NĂłbrega: Brazilâs Finance Minister from 1988 to 1990
Maurizio Mauro: Former CEO of Booz Allen Hamilton and Grupo Abril
Fernando Albino de Oliveira: Former Director of CVM and a partner of Albino Advogados
Associados
Antonio Hermann: Former CEO of Banco Itamarati, Director at FEBRABAN and elected Director of
Brazilian Banking Association
SĂŁo Paulo Stock Exchange (BM&FBovespa) Level 1 of 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 y and q y
quarterly
Investor Relations | 2Q11 | 26/36
27. Main Committees
PINE believes that the use of the best corporate governance practices substantially enhances
its business outcome.
Main decisions are taken by committees: Board of Directors and a structure of specific
committees
Non-stop exchange of knowledge and information
Transparency
Board of
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 | 27/36
29. Dividends
Since 2008, Banco PINE has paid dividends/interest on own capital on a quarterly-basis.
Dividends and Interest on Own Capital
R$ million R$
Gross Amount Total Amount Amount per share
1Q11 15.0 0.18
2Q11 Q 20.0 0.24
Total paid in 1H11 35.0 0.42
Dividends and Interest on Own Capital (R$ Million)
45
40
16
25 25
33 30
35
35
1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11
Investor Relations | 2Q11 | 29/36
31. 2Q11 Events and Highlights
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 (Largest & Best) ranking compiled by Exame magazine.
PINE was ranked the 15th largest bank in Cetipâs overall derivatives ranking, and the 4th largest in commodities
hedging for clients.
Austin Rating upgraded PINEâs long-term rating in July 2011 from âAâ to âA+â in July 2011.
On April 6th, PINEâs first Corporate Credit FIDC was successfully implemented. The amount of the fund is R$ 300
million, with a AA+ rating attributed by S&P.
PINE was considered âThe Most Green Bankâ by
International Finance Corporationâs (IFC) private
programs agency of the World Bank. This was due to its
Trade Finance Program (GTFP) transactions worldwide
and to its Corporate Loans to companies focused on
renewable energy and the ethanol market .
Investor Relations | 2Q11 | 31/36
32. Social Responsibility
Banco PINE supports and promotes Brazilian culture
Social
Casa Hope
Instituto Alfabetização Solidåria
Culture
Diårio de Navegação: addresses the first years
of the occupation of the Brazilian coast by the
Portuguese colonizers
Instituto Casa da ProvidĂŞncia
Hospital Pequeno PrĂncipe
GRAACC - Grupo de Apoio ao Adolescente e Ă
Criança com Câncer
ColĂŠgio MĂŁo Amiga
Paulo von Poser: exhibit of the painter Paulo
von Poser, who is one of the main figures in
Brazilian art
Teatro Cultura ArtĂstica: it is one of the
sponsors of the project for the renovation of the
Cultura ArtĂstica Theater
Sports
Minas TĂŞnis Clube: training program for
thl t
Quebrando o Tabu: documentary based on the
analysis from the former President of Brazil,
Fernando Henrique Cardoso, on the fight against
drugs
athletes AlĂŠm da Estrada: motion picture picture, which
TĂŞnis Sobre Rodas: a project conducted by
the Brilho Brasileiro Institute founded by tennis
player Vanessa Menga, which benefits 80
disabled tennis players
received the award for best director in the 2010
Rio Festival
Responsible Credit
Green Building
âLists of Exceptionsâ: the Bank does not finance â
with multilateral organizations lines - 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-d
d produced t i bilit sustainability t reports f for t
corporate
loans.
Investor Relations | 2Q11 | 32/36
34. Ratings
Moodyâs 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)
Investor Relations | 2Q11 | 34/36
35. 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 892,700 878,549 853,300 892,700 853,300
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 of Credit.
Investor Relations | 2Q11 | 35/36
36. 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 relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Banco Pine. These are
merely projections and, as such, are based exclusively on the expectations of Banco Pineâs management concerning the future of the business and its continued access to capital to fund the Companyâs
business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in Banco Pineâs filed disclosure documents and are, therefore, subject to change without prior notice.
Investor Relations | 2Q11 | 36/36
