1

Banco do Banco do

BrasilBrasil

4Q07 Results4Q07 Results

2

Net IncomeNet Income

Recurring Net Income – R$ million

Net Income – R$ million ROE - %

Recurring ROE - %

3Q074Q06 1Q07 2Q07 2006 2007

6,044 5,748

3,665

5,058

26.7 29.4

20.926.3

29.4 31.0

19.5 22.5

32.1 25.5

4Q07

1,582

1,3641,248

1,409 1,464

1,068 1,217

Δ Recurring Net Income (0.4%)

1,243

22.2

22.7

Δ Recurring Net Income 56.8%

3

Net Income 6,044 5,058

2006 2007

Early Retirement Plan

Cassi Restructuring

Other Effects

Recurring Net Income

-

-

425

1,905

899

-

3,665

604

325

-

-

-

239

5,748

Tax Credit Recorded

Previ Parity Fund

BM&F/Bovespa & Other

Effects

Extraordinary Effects - Total (-)2,379 (+)690

Main Extraordinary Effects

R$ million

Net Income ChangesNet Income Changes

4

Net Income 3Q07 1,364

Recurring Net Income 4Q07 1,243

Net Income 4Q07 1,217

R$ million

Net Interest Income 322

Fee Income 92

Other Effects 86

One Time Off Items 26( )

Administrative Expenses 340

Provisions for Credit Risk 281( )

Net Income ChangesNet Income Changes

5

15.1

21.6

18.6

14.7

25.3

19.2

3.7

5.8

4.6

3.5

6.1

4.7

3.9

6.1

4.8

4Q06 1Q07 2Q07 2006 2007

Other Interest Revenues

Loan Revenues

Interest Expenses

Net Interest Income

4.8 5.0 5.2

18.1

20.8

3.7

6.5

5.1

3Q07

5.2

3.5

6.6

4.6

4Q07

5.5

9.5 9.6 10.0 10.3 10.1

36.740.0

Net Interest IncomeNet Interest IncomeR$ billion

6

(1) Net Interest Income Over Earning Assets

NIM

Annualized¹ - %Selic Rate - %

Annualized NIM by Loan Portfolio - %

4Q06 1Q07 2Q07 3Q07 4Q07

6.4 7.0 6.6 6.6

8.0 7.3 7.0 7.2

31.828.9 28.8 27.7

5.8

6.9

26.6

4Q06 1Q07 2Q07 3Q07 4Q07

8.4 7.9 8.0 7.7 7.8

13.25 12.75 12.00 11.25 11.25

Net Interest IncomeNet Interest Income

AgribusinessesIndividuals Businesses

7

22.918.2

12.7

29.936.1

46.4

4Q06 1Q07 2Q07

Funding Interest

Rate

Investment Interest

Rate

Floating Rate Fixed Rate

Domestic Long Net Exposure - R$ billion

14.6

49.4

3Q07

15.1

62.4

4Q07

129.3 126.3 130.1 131.7 133.8

73.9 69.9 71.975.3 70.5

Long Exposure vs. Interest RateLong Exposure vs. Interest RateRelated to Selic - %

8

Businesses Agribusinesses Individuals Abroad

51.9

45.1

24.0

12.2

Dec/06

133.2

55.2

46.8

26.1

12.3

Mar/07

140.4

56.3

48.8

27.9

12.2

Jun/07

145.2

59.7

48.4

29.5

12.6

Sep/07

150.2

Dec/07

65.5

51.9

32.0

11.4

160.7

Loan PortfolioLoan PortfolioR$ billion

Δ % over4Q06 3Q07

20.7 7.0

(6.6) (9.4)

33.4 8.5

15.1 7.1

26.1 9.7

9

Cars Loan Credit Card

Overdraft Account Payroll Loan Others

3.12.2

8.3

9.5

24.0

0.93.2

2.7

9.3

9.6

26.1

1.33.4

2.6

10.2

9.9

27.9

1.7

3.6

2.6

11.0

2.2

29.5

10.1

4.3

2.4

11.9

2.9

32.0

10.5

Loan Portfolio - IndividualsLoan Portfolio - IndividualsR$ billion

Δ % over4Q06 3Q07

33.4 8.5

10.2 4.9

8.7 (7.3)

39.5 17.8

43.3 7.9

227.4 31.5

Dec/06 Mar/07 Jun/07 Sep/07 Dec/07

10

BB

Banking Industry

Banking Industry

BB

Average Risk - %

Required Provision / Past Due Loan + 90 days - %

214.0

170.1

222.7

173.1

221.9

166.2

4Q06 1Q07 2Q07 3Q07

5.4 5.4 5.4

6.2 6.06.2

202.8

167.7

4Q07

5.8

5.4

204.5

169.2

5.5

5.4

Credit RiskCredit Risk

11(1) Average Portfolio and Expenses of the past 12 months

Provision Expenses - R$ million

Provision Expenses / Loan Portfolio¹ - %

Provision / Loan Portfolio - %

Past Over Due Loans + 15 days / Loan Portfolio - %

Past Over Due Loans + 60 days / Loan Portfolio - %

6.5 6.5 6.5 6.4

4.1 4.2 4.14.7

2.9 2.8 2.83.4

4Q06 1Q07 2Q07 3Q07 4Q07

4.5

3.3

6.4

1,2571,431

1,236

4Q06 1Q07 2Q07 3Q07

1,216

4Q07

1,497

5.0 4.84.1

3.7 3.7

Provision for Credit Risk and DelinquencyProvision for Credit Risk and Delinquency

12

Dec/06 Mar/07 Jun/07 Dec/07

Total Provision Required Provision Additional Provision

Sep/07

7,551 7,786 8,084 8,7277,238

1,582 1,655 1,5801,586

1,397

9,133 9,441 9,66310,313

8,635

Provisions for Credit RiskProvisions for Credit Risk BreakdownBreakdownR$ million

13

Saving Deposits Demand Deposits

Time Deposits Others

Dec/06

36.7

40.1

76.9

5.2158.8

Mar/07

38.9

35.6

80.9

5.3160.7

Jun/07

40.8

36.8

81.4

5.4164.5

Sep/07

43.8

38.7

83.6

6.0172.2

Dec/07

45.8

51.3

85.5

5.6188.3

DepositsDepositsR$ billion

Δ % over4Q06 3Q07

18.5 9.4

8.6 (6.4)

11.2 2.2

28.1 32.5

24.9 4.6

14

CustomersProducts Others

4Q073Q072Q071Q074Q06 2006 2007

8,8889,902

1,491

727

280

2,498

1,460

716

261

2,437

1,394

703

279

2,377

1,337

672

278

2,287

1,556

769

266

2,590

5,2805,901

2,6072,915

1,073 1,085

Fee IncomeFee IncomeR$ million

Δ % over2006

13.3

11.9

1.1

11.4

15

Customers - million

Assets under Management - R$ billion

Market Share - %

220.1206.9

Dec/07

182.7 193.1 208.9

Dec/06 Mar/07 Jun/07 Sep/07

Δ= 6.4%

Δ= 20.5%

18.319.1 19.1 19.1

18.1

Individuals Businesses

24.4

22.8

1.624.6

23.0

1.6

23.3

1.624.9

23.6

1.625.2

Dec/07Dec/06 Mar/07 Jun/07 Sep/07

24.3

1.726.0

Asset Management

Customers and Asset ManagementCustomers and Asset Management

16

Added Value¹

275

4Q07

316

3Q074Q06

300

1Q07

315

2Q07

Δ= (6.9%)

Δ= (8.3)%

294

2006 2007

1,123 1,200

Δ= 6.8%

InsuranceInsuranceR$ million

(1) Includes equity income, fee income, commission and asset management income

17

657

546

4Q074Q06

558

1Q07

508

2Q07

566

3Q07

Δ= 20.2%

Δ= 17.7%

Added Value¹

2006 2007

1,9842,279

Δ= 14.9%

Credit CardsCredit CardsR$ million

(1) Includes fee income, financing income, equity income and others

18

Revenue - R$ billion Credit Cards Quantity - million

69.1

4Q07

56.4 59.864.1

57.0

4Q06 1Q07 2Q07 3Q07

10.9 11.5 12.314.3

11.1

37.949.3

2006 2007

56.4

69.1

42.348.9

14.1

20.2

42.3 42.6 44.1 46.3 48.9

Δ= 22.5%

Δ= 7.8%

20.2

14.115.7

17.814.4

Debit and Credit CardsDebit and Credit Cards

Debit Cards Quantity - million

19

Personnel Expenses¹ Other Administrative Expenses¹

4Q06

1,846

1,516

3,362

1Q07

1,748

1,401

3,149

2Q07

1,713

1,519

3,232

1,936

1,729

4Q07

3,665

3Q07

1,759

1,572

3,331

2006 2007

12,87813,296

7,270

5,608

7,077

6,219

Administrative ExpensesAdministrative ExpensesR$ million

Δ % over2006

(2.7)

10.9

3.3

(1) Legal risk and extraordinary items are not included.

20

Administrative ExpensesAdministrative Expenses

(1) Change in the rate (1% - 3%). It includes R$26.5 million related to June to September 2007.

(2) Average workforce of 4Q07 ( - ) 3Q07 = 2,841 employees, valued as of 3Q07. The 3Q07 average workforce is78,624 against 81,465 in the 4Q07.

3Q07 1,758.9 Salary Raise (2007/2008) 82.0

Occupational Accident Insurance¹ 53.0 Workforce Increase² 61.3

Other Effects (19.0)

4Q07 1,936.3

Changes in Personnel Expenses

R$ million

21

Administrative ExpensesAdministrative ExpensesR$ million

(1) It includes contributions to FBB and to Children and Teenagers Rights Fund.

(2) It includes temporary workforce to absorb BA and MG payroll.

(3) It includes BB Public Offering and BB 200 anniversary marketing campaigns.

3Q07 1,571.8

Non-structure Changes 72.0 Philanthropic Contributions¹ 32.0 Temporary Workforce² 21.0 Publicity³ 19.0 Other Changes 85.2 Supplies of Funds Services 32.0 Outsourced Services 21.0 Security Guard and Properties 30.0 Other Effects 2.2

4Q07 1,729.0

Changes in Other Administrative Expenses

22

Fee Income

Personnel ExpensesCoverage Ratio¹ - %

Coverage Ratio without Retirement Plan and Cassi¹ - %

4Q06 1Q07 2Q07

2.32.0

2.4

1.9

2.4 2.5

3Q07

2.5 2.4

4Q07

2.62.3

(1) Year to Date

Productivity RatioProductivity RatioR$ billion

110.1 108.1107.2

127.7127.9

113.2

130.6130.3

23

Administrative Expenses

Operating IncomeEfficiency Ratio¹ - %

Efficiency Ratio without Retirement Plan and Cassi¹ - %

4Q06 1Q07 2Q07

3.6

7.1

3.3

7.5

4.2

7.7

3Q07

4.2

7.7

4Q07

4.2

8.0

47.444.1

49.1 50.851.4

44.7 45.5 46.9

Productivity RatioProductivity RatioR$ billion

(1) Year to Date

24

Tier IITier I

Mar/07

11.6

5.5

17.2

Jun/07

10.6

5.3

15.9

10.7

4.9

Dec/07

15.6

Sep/07

10.5

5.2

15.7

11.6

5.6

17.3

Dec/06

LeverageLeverage

BIS Ratio - %

Loan / Total Deposits - %

83.8

4Q06

87.4

1Q07

88.3

2Q07

87.2

3Q07

85.4

4Q07

25

Annual EstimatesAnnual Estimates

2008

Guidance Reported Guidance

Net Interest Income / Earning Assets (NIM) 8% 7.8% 7.5% - 8%

Provision for Credit Risk3.7% - 4% of the average portfolio

3.7%3.7% - 4% of theaverage portfolio

Fee Income 12% - 17% 11.4% 8%

Administrative Expenses¹in line with

inflation3.3% 7% - 10%

ROE 23% - 27% 25.5% 23% - 27%

Loan Portfolio 25% - 30% 20.7% 25%

Individuals 35% - 40% 33.3% 30% - 35%

Businesses 25% - 30% 26.1% 25% - 30%

Total Deposits 15% - 20% 18.5% 15% - 20%

Credit Card 16.5 million 20.2 million 25 million

2007

(1) Legal risk and extraordinary items are not included.

26

Investor Relations UnitSBS - Quadra 1 - Bloco C - Ed. Sede III - 5° floor

70073-901 - Brasília (DF)Phone: 55 (61) 3310.3980

Fax: 55 (61) 3310.3735

www.bb.com.brri@bb.com.br

DisclaimerDisclaimer - This presentation contains references and statements, planned synergies, increasing estimates, projections of results and future strategy for Banco do Brasil, it’s Associated and Affiliated Companies and Subsidiaries. Although these references and statements reflect the

management’s belief, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the

international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation.

For further information access www.bb.com.br/ri