1q12 earnings - bb · conference call 1q12 earnings . banco do brasil s.a. – first quarter 2012 2...

1

1

Conference Call

1Q12 Earnings

2 Banco do Brasil S.A. – First Quarter 2012 2

Disclaimer

This presentation may include 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, they also involve

imprecision and high difficult risks to be foreseen. Consequently, they may conduct

to a different result than those anticipated and discussed here. These expectations

are highly dependent on market conditions, on Brazil’s economic and banking

system performances, as well as on international market one. Banco do Brasil is not

responsible for bringing up to date any estimate in this presentation.


Highlights

R$ 1 trillion in Total Assets

(+16.0% from March 2011)

Net Interest Income Growth

(+11.8% from 1Q11)

Delinquency rates lower than the Banking Industry levels

Increase in Banking Fee Income

(+23.0% from 1Q11)

Loan portfolio – broad concept reaches R$ 473 billion

(+19.0% from March 2011)


Result´s highlights

R$ Million

On 1Q11 On 4Q11

Operating Revenues 16,714 18,745 18,513 10.8 (1.2)

Net Interest Income 9,874 10,985 11,039 11.8 0.5

Fee Income 4,108 5,027 5,051 23.0 0.5

Insurance, Pension Plan and S. Bonds Income 512 515 516 0.8 0.2

Previ 624 531 390 (37.5) (26.4)

Other Items 1,596 1,688 1,517 (4.9) (10.1)

Operating Expenses (9,265) (10,923) (10,820) 16.8 (0.9)

Administrative Expense (5,692) (6,966) (6,626) 16.4 (4.9)

Legal Risk (177) (4) (489) 175.6 -

Tax Expenses (1,017) (1,132) (1,077) 5.9 (4.8)

Other Items (2,378) (2,822) (2,628) 10.5 (6.9)

Allowance for Loan Losses (2,629) (2,892) (3,576) 36.0 23.7

Income Taxes and Statutory Profit Sharing (1,916) (1,914) (1,435) (25.1) (25.0)

Recurring Net Income 2,923 3,025 2,704 (7.5) (10.6)

Chg. %1Q11 4Q11 1Q12


Sources and Uses

(1) Commercial papers (do not include subordinated debt), Agribusiness Letter of Credit, Debentures, and Mortgage Letters of Credit

(2) Securities, Foreign Lending/Onlending and Perpetual Bonds

(3) Domestic Onlending, Financial and Development Funds and Allowance for Loan Losses

(4) Loan Portfolio according to CMN resolution 2682/99

R$ billion

Balance Share % Balance Share % Balance Share % On Mar/11 On Dec/11

Sources 509.8 100.0 595.9 100.0 608.5 100.0 19.4 2.1

Deposits 381.2 74.8 442.4 74.2 446.9 73.4 17.2 1.0

Commercial Papers¹ 6.8 1.3 16.1 2.7 18.6 3.1 172.5 15.3

Subordinated Debt 24.5 4.8 30.9 5.2 31.4 5.2 28.5 1.8

Foreign Borrowing² 24.3 4.8 31.4 5.3 35.4 5.8 46.0 12.9

Other 73.0 14.3 75.1 12.6 76.1 12.5 4.2 1.4

Uses 509.8 100.0 595.9 100.0 608.5 100.0 19.4 2.1

Loan Portfolio 364.7 71.5 423.0 71.0 430.7 70.8 18.1 1.8

Bank Reserves 87.1 17.1 93.7 15.7 94.1 15.5 8.1 0.5

Available Funds 58.0 11.4 79.2 13.3 83.6 13.7 44.0 5.5

Loan Portfolio/Total Deposits-%

Chg. %Mar/12Mar/11

95.7 96.4

Dec/11

95.6


Foreign Borrowing

12 months

41.4%

7.9 10.0 9.7

9.0

11.013.8

5.3

7.3

7.7

2.0

3.1

3.1

2.2

3.2

3.0

26.4

34.6

37.3

Mar/11 Dec/11 Mar/12

Repos

Individuals

Corporates

Bond Issues

Interbanking

US$ billion

7

NIM by segment (%)¹ Global NIM (%)¹

Banco do Brasil S.A. – First Quarter 2012 7

Net Interest Income

(1) Annualized information

5.7 5.75.5

5.65.4

4.23.9

3.7

4.1

3.7

1Q11 2Q11 3Q11 4Q11 1Q12

NIM (LHS) Risk Adjusted NIM (LHS)

15.1 15.3 14.915.5 15.3

8.7 8.6 8.8 9.0 8.9

5.8 5.76.3 6.1 6.2

5.1 4.7 5.4 6.1 5.5

1Q11 2Q11 3Q11 4Q11 1Q12

Individuals NIM Loan Operations NIM

Corporates NIM Agribusiness NIM

R$ million 1Q11 2Q11 3Q11 4Q11 1Q12

Net Interest Income 9,874 10,524 10,645 10,985 11,039

Loan Operations 13,928 14,647 15,737 16,218 16,282

Funding (5,909) (6,202) (7,048) (7,208) (7,170)

Recovery of Written-off Credits 855 953 985 851 750

Treasury 2,088 2,167 1,950 2,197 2,106

Other (1,087) (1,041) (979) (1,073) (929)


Loan Portfolio – Broad Concept

12 months

19.0%

179.4 191.2 199.1 210.2 211.4

116.5122.6 125.8

130.6 133.0

78.381.5 83.8

89.4 92.423.427.1

32.935.0 36.3

397.5422.4

441.6465.1 473.1

Mar/11 Jun/11 Sep/11 Dec/11 Mar/12

Offshore

Agribusiness

Individuals

Corporates

R$ billion


Individuals Loan Portfolio – Broad Concept

R$ billion

On Mar/11 On Dec/11

Payroll 46.0 39.5 51.2 39.2 52.6 39.6 14.3 2.7

Backed by Direct Deposits 13.8 11.9 15.3 11.7 16.1 12.1 16.7 5.2

Vehicle Finance 28.6 24.6 31.3 24.0 30.8 23.1 7.5 (1.8)

Mortgage 3.4 2.9 6.0 4.6 6.8 5.1 99.2 13.1

Credit Cards 11.2 9.6 13.2 10.1 13.0 9.8 16.6 (1.2)

Consumer Finance 5.5 4.7 5.7 4.4 5.6 4.2 1.8 (1.8)

Overdraft 3.1 2.7 2.6 2.0 3.1 2.3 (0.4) 20.6

Microcredits 1.1 0.9 0.8 0.6 0.7 0.6 (32.2) (12.4)

Other 3.7 3.2 4.3 3.3 4.2 3.2 13.0 (3.2)

Individuals Loan Portfolio 116.5 100.0 130.6 100.0 133.0 100.0 14.2 1.9

Chg. %Mar/11 Share % Dec/11 Share % Mar/12 Share %


Corporate Loan Portfolio – Broad Concept

R$ billion

On Mar/11On Dec/11

Working Capital 97.1 54.1 113.1 53.8 113.8 53.8 17.2 0.6

Investment 33.4 18.6 37.9 18.0 38.2 18.1 14.4 1.0

Trade Finance 13.7 7.7 14.6 6.9 16.1 7.6 17.1 10.4

Corporate Bonds & Notes 19.6 11.0 25.0 11.9 22.5 10.6 14.5 (10.2)

Guarantees 11.1 6.2 13.8 6.6 14.9 7.1 34.5 8.0

Other 4.4 2.4 5.8 2.7 5.8 2.7 32.7 0.9

Corporate Loan Portfolio 179.4 100.0 210.2 100.0 211.4 100.0 17.8 0.6



Corporate Loan Portfolio – Broad Concept

Fundo Garantidor de Operações (FGO) Corporate Loan Portfolio Breakdown

24.3%

14.8%

38.8%

12 M

12 M

12 M

122.9142.1 141.2

56.5

68.1 70.2179.4

210.2 211.5


SME Total

7.2

9.8 10.0


R$ billion


Agribusiness

Agribusiness Loan Portfolio1 (R$ billion) NPL + 90 days (%)

1.8

0.9 0.9 0.7 0.6


50.4 51.6 53.4 57.9 60.3

27.9 28.9 29.631.5 32.2

78.3 80.6 83.189.4 92.460.8

62.261.3

62.763.7


Agribusiness - Producer Agribusiness - Corporate

(1) Loan Portfolio – broad concept


Credit Risk

%

BB Consolidated (%) Banking Industry (%)

93.8 93.6 93.9 93.9 93.8

6.2 6.4 6.1 6.1 6.2


AA-C D-H

92.5 92.2 92.4 92.3 92.1

7.5 7.8 7.6 7.7 7.9


AA-C D-H


NPL + 90 days

BB Consolidated Banco Votorantim

3.243.39

3.513.60

3.74

2.10 2.04 2.11 2.09 2.16

2.091.94 1.92

1.81 1.78


BI BB Consolidated BB excluding Votorantim

2.31

3.23

4.31

5.77

7.29


%


Allowance for Loan Losses

221.8%226.5%

219.4%215.6%

210.6%

233.0%244.9% 243.4% 244.3% 245.0%


R$ billion


Allowance for Loan Losses - Perspectives

Period R$ billion

2Q12 3.6 to 3.8

3Q12 3.5 to 3.7

4Q12 3.5 to 3.7


Administrative Expenses

R$ million

On 1Q11 On 4Q11

Personnel Expenses (3,145) (3,954) (3,694) 17.5 (6.6)

Other Administrative Expenses (2,547) (3,012) (2,932) 15.1 (2.7)

Telecommunications and Data Processing (538) (556) (564) 4.8 1.5

Amortization and Depreciation (317) (331) (343) 8.2 3.4

Security. Guard and Transport Services (373) (450) (487) 30.5 8.1

Expenses with Premises and Equipment (368) (448) (449) 22.1 0.1

Marketing and Public Relations (127) (263) (123) (3.1) (53.2)

Expenses with Outsourced Services (443) (525) (579) 30.7 10.4

Other Administrative Expenses (382) (439) (387) 1.5 (11.7)

Administrative Expenses (5,692) (6,966) (6,626) 16.4 (4.9)

Chg. %1Q11 4Q11 1Q12


Fee Income

On 1Q11 On 4Q11

Fee Income 4,108 5,027 5,051 23.0 0.5

Account Fees 870 1,136 1,101 26.5 (3.1)

Credit / Debit Cards 907 1,084 1,075 18.5 (0.8)

Asset Manegement Fees 730 829 883 20.9 6.6

Loan Fees 388 496 479 23.6 (3.4)

Collections 292 321 324 11.0 0.8

Insurance, Pension and Savings Bonds 130 122 150 14.8 22.2

Billings 173 195 204 17.9 4.4

Interbank 144 168 169 17.7 0.7

Capital Market Fees 95 96 107 12.9 12.0

Other 379 580 560 47.8 (3.4)

1Q11 4Q11 1Q12Chg. %

R$ milhões

19 Banco do Brasil S.A. – Resultado do 1º Trimestre de 2012 19

Cost-to-Income Ratio¹

(1) Administrative Expenses / Operacionational Revenues, excluding one-off items

Cost-to-Income Ratio - Quarterly Cost-to-Income - Annual

41.8 41.1 41.1 42.1 43.2

1Q11 2Q11 3Q11 4Q11 1Q12

%

40.9 39.7

44.942.9

45.2

1Q11 2Q11 3Q11 4Q11 1Q12


BIS Ratio

11.2 11.1 10.6 10.5 10.9

3.0 3.33.3 3.5 3.3

14.1 14.413.9 14.0 14.3


Tier II

Tier I

%


Guidance 2012

2012 Performance Guidance 2012

Recurring Return on Equity 19.7% 19% - 22%

Net Interest Income 11.8% 11% - 15%

Total Deposits 17.2% 14% - 18%

Domestic Loan Portfolio 16.4% 17% - 21%

Individuals 14.2% 19% - 23%

Businesses 17.0% 18% - 22%

Agribusiness 18.4% 9% - 12%

Allowance for Loan Losses 3.2% 3.1% - 3.5%

Fee Income 23.0% 13% - 18%

Administrative Expenses 16.4% 8% - 12%

Tax Rate 26.1% 31% - 34%

22

Investors Relation Unit

SBS - Quadra 1 - Bloco C - Ed. Sede III – 7th floor

70073-901 - Brasília (DF)

Telephone: +55 (61) 3102 1124

Fax: +55 (61) 3102 1435

bb.com.br/ir

[email protected]


Contacts


Appendix

24 - Insurance

25 - One-off Items

26 - Payroll Loans and Car Financing - Aquisitions

27 - Individual Loan Portfolio – Market Share

28 - Payroll Loans - Breakdown

29 - Individual Loan Portfolio – Rates and Average Term

30 - Corporate Loan Portfolio – SME

31 - Agribusiness

32 – Agribusiness

33 - Individuals Loan Portfolio – Risk Level

34 - Corporates Loan Portfolio – Risk Level

35 - Agribusiness – Risk Level

36 - Agribusiness Transactions with/without Rollover

37 - Actuarial Asset

38 - Distribution Network

39 - Deposits

40 - Funding: LCA and LF

41 - NPL +90 Days - Breakdown

42 - Agribusiness Transactions with/without Rollover

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24

Combined Ratio – Broad concept (%)


Insurance

Managed Portfolio (R$ billion)

Insurance Result (R$ million)

82.477.6

83.4 83.2 85.3

1Q11 2Q11 3Q11 4Q11 1Q12

Technical Reserves (R$ billion)

47.753.8 57.3

61.867.4


46.953.1 56.9

61.067.1


(1) Managerial data: (Brokerage Net Revenue and Service Fee + Equity in the earrnings / BB Recurring Income

370.2402.5 409.6 421.8 427.4

12.7 12.5

15.913.9

15.8

1Q11 2Q11 3Q11 4Q11 1Q12

Insurance Ratio (%)


One-off Items

R$ million

Recurring Net Income 2,923 3,025 2,704

(+) One-Off Items of the Period 10 (53) (201)

Economic Plans 17 (95) (362)

Tax Eff. and Stat. Profit Sharing on One-Off Items (8) 42 160

Net Income 2,932 2,972 2,502

1Q11 4Q11 1Q12


Payroll and Vehicle Loans for Individuals – Acquisitions

R$ million

On Mar/11 On Dec/11

Portfolio excluding acquisitions 58,555 78.4 62,851 76.1 64,368 77.2 9.9 2.4

Payroll loans 36,827 49.3 42,392 51.3 43,895 52.6 19.2 3.5

Vehicle financing 21,728 29.1 20,460 24.8 20,473 24.6 (5.8) 0.1

Acquired until Dec/2011 16,086 21.6 19,724 23.9 17,623 21.1 9.6 (10.7)

Payroll loans 9,201 12.3 8,855 10.7 7,914 9.5 (14.0) (10.6)

Vehicle financing 6,885 9.2 10,869 13.2 9,708 11.6 41.0 (10.7)

Portfolios Acquired - Res.CMN 3.533/08 - - - - 1,385 1.7 - -

Payroll loans - - - - 796 1.0 - -

Vehicle financing - - - - 589 0.7 - -

Total 74,641 100.0 82,575 100.0 83,376 100.0 11.7 1.0



Individual Loan Portfolio – Market Share

R$ million


BB BI Share % BB BI Share % BB BI Share %

Payroll Loan 46.0 142.9 32.2 51.2 159.1 32.2 52.6 165.6 31.8

Mortgage 3.4 150.9 2.3 6.0 200.5 3.0 6.8 216.9 3.1

Vehicles Loan 28.6 189.8 15.1 31.3 200.9 15.6 30.8 201.3 15.3


Payroll Loans - Breakdown

R$ million

On Mar/11 On Dec/11

Civil Servants 38,756 84.2 43,725 85.3 44,337 85.6 14.4 1.4

INSS's Retirees and Pensioners 4,340 9.4 4,691 9.2 4,731 9.1 9.0 0.9

Employees from the Private Sector 2,932 6.4 2,831 5.5 2,741 5.3 (6.5) (3.2)



Individual Loan Portfolio – Rates and Average Term


Banco do Brasil

CDC - Vehicles

Average rate - % p.m 1.5 1.6 1.6

Average term - months 49.0 49.4 49.4

Vahicles Leasing



Mortgage

Average Contracted Amount - R$ thousand 157.7 163.3 157.0


Payroll Loan



BV - Vehicles Loan




Corporate Loan Portfolio – SME

R$ billion

On Mar/11 On Dec/11

Manufacturing Industries 17,940 31.8 23,189 34.1 23,577 33.6 31.4 1.7

Trade 25,169 44.5 29,215 42.9 30,244 43.1 20.2 3.5

Services Segment 13,391 23.7 15,659 23.0 16,422 23.4 22.6 4.9

Total 56,500 100.0 68,062 100.0 70,242 100.0 24.3 3.2

Mar/11Chg. %

Share % Dec/11 Share % Mar/12 Share %

On Mar/11 On Dec/11

Working Capital 39.7 70.2 47.9 70.3 48.2 68.6 21.4 0.6

Investment 15.8 27.9 18.4 27.0 20.1 28.7 27.8 9.7

Foreign Trade 1.1 1.9 1.8 2.7 1.9 2.8 83.5 6.1

Total 56.5 100.0 68.1 100.0 70.2 100.0 24.3 3.2


Loan Portfolio by Sector

Products


Agribusiness1

R$ billlion

On Mar/11 On Dec/11

Work. Cap. for Input Purchase 25.3 32.7 28.4 32.0 29.4 32.1 16.0 3.6

Investment 27.1 35.0 32.1 36.2 34.0 37.1 25.7 5.9

Crop Trading 3.8 4.9 4.5 5.1 4.3 4.7 15.2 (4.2)

Agroindustry 17.1 22.1 20.9 23.5 21.2 23.1 23.9 1.5

Other 4.1 5.4 2.8 3.1 2.7 3.0 (34.1) (1.3)

Total 77.4 100.0 88.7 100.0 91.7 100.0 18.4 3.4


On Mar/11 On Dec/11

Agri. and Livestock Working Capital 16.8 21.7 18.5 20.9 19.1 20.8 13.9 3.1

Loans to Companies 18.2 23.5 21.5 24.2 21.7 23.6 19.3 1.0

Pronaf / Pronamp 22.9 29.5 27.2 30.7 28.7 31.3 25.5 5.5

FCO Rural 5.9 7.6 6.7 7.6 7.0 7.6 18.3 4.4

BNDES / Finame Rural 7.1 9.1 5.3 6.0 5.4 5.9 (22.9) 2.4

Other 6.6 8.5 9.4 10.6 9.7 10.6 47.3 3.3

Total 77.4 100.0 88.7 100.0 91.7 100.0 18.4 3.4


Loan Portfolio by Purpose

Loan Portfolio by Loan Type

(1) Classified Concept


Agribusiness1

R$ billion

Segment Mar/11 Share % Dec/11 Share % Mar/12 Share %

Mini 5.2 6.7 5.2 5.9 5.3 5.8

Small 16.4 21.1 18.3 20.7 19.0 20.7

Medium and Large Sized 28.0 36.1 33.6 37.9 35.2 38.4

Cooperatives 24.4 31.5 26.0 29.3 26.5 28.9

Businesses 3.5 4.5 5.5 6.2 5.7 6.2

Total 77.4 100.0 88.7 100.0 91.7 100.0

Loan Portfolio by Size

Operation Contracted

Crop 10/11¹ Share % Crop 11/12¹ Share %

Working Capital for Input Purchase 12.1 100.0 12.9 100.0

Total Insured 7.0 58.4 6.8 52.5

With Proagro 3.8 31.1 3.9 30.6

With Insurance 2.6 21.5 2.4 18.4

Hedge Price 0.7 5.8 0.5 3.6

Outcome Insurance 5.0 41.6 6.1 47.5

Operations of Working Capital for Input Purchase Insured



Individuals Loan Portfolio1 – Risk Level

R$ million


Balance Provision Share Balance Provision Share Balance Provision Share

AA 512 - 0.5 648 - 0.6 7,689 - 6.8

A 12,138 61 12.5 26,264 131 23.5 27,840 139 24.8

B 49,925 499 51.4 55,907 559 50.1 46,042 460 41.0

C 26,026 781 26.8 18,842 565 16.9 20,674 620 18.4

D 2,907 291 3.0 2,618 262 2.3 2,650 265 2.4

E 577 173 0.6 999 300 0.9 1,142 343 1.0

F 505 252 0.5 600 300 0.5 519 259 0.5

G 378 265 0.4 591 414 0.5 593 415 0.5

H 4,215 4,215 4.3 5,098 5,098 4.6 5,111 5,111 4.6

Total 97,183 6,537 100.0 111,569 7,629 100.0 112,259 7,612 100.0

AA-C 88,601 1,341 91.2 101,662 1,256 91.1 102,245 1,220 91.1

D-H 8,582 5,196 8.8 9,907 6,374 8.9 10,014 6,393 8.9



Corporates Loan Portfolio1 – Risk Level

R$ million



AA 61,420 - 44.3 72,425 - 45.0 73,510 - 44.9

A 31,719 159 22.9 35,697 178 22.2 36,257 181 22.1

B 34,474 345 24.9 40,698 407 25.3 42,147 422 25.7

C 4,297 129 3.1 4,329 130 2.7 4,189 126 2.6

D 2,162 216 1.6 2,074 207 1.3 1,830 183 1.1

E 917 275 0.7 1,607 482 1.0 1,477 443 0.9

F 661 331 0.5 649 324 0.4 667 334 0.4

G 431 302 0.3 622 435 0.4 1,034 724 0.6

H 2,595 2,595 1.9 2,817 2,817 1.8 2,769 2,769 1.7

Total 138,677 4,352 100.0 160,918 4,981 100.0 163,880 5,181 100.0

AA-C 131,910 632 95.1 153,149 715 95.2 156,103 729 95.3

D-H 6,767 3,719 4.9 7,769 4,266 4.8 7,777 4,453 4.7



Agribusiness Loan Portfolio1 – Risk Level

R$ million



AA 16,473 - 21.3 19,503 - 22.0 19,481 - 21.3

A 13,645 68 17.6 16,468 82 18.6 19,864 99 21.7

B 33,538 335 43.3 39,987 400 45.1 40,575 406 44.3

C 7,725 232 10.0 7,313 219 8.2 6,484 195 7.1

D 2,773 277 3.6 2,875 287 3.2 2,690 269 2.9

E 528 158 0.7 566 170 0.6 639 192 0.7

F 333 166 0.4 221 110 0.2 240 120 0.3

G 231 162 0.3 271 189 0.3 336 235 0.4

H 2,158 2,158 2.8 1,456 1,456 1.6 1,350 1,350 1.5

Total 77,403 3,557 100.0 88,658 2,914 100.0 91,658 2,865 100.0

AA-C 71,380 635 92.2 83,270 702 93.9 86,404 700 94.3

D-H 6,023 2,922 7.8 5,388 2,213 6.1 5,255 2,166 5.7



Agribusiness Transactions with/without Rollover1

Portfolio without Rollover Portfolio with Rollover Portfolio without Rollover Portfolio with Rollover

Risk Balance

All. for

Loan

Losses

NPL +90¹ Balance

All. for

Loan

Losses

NPL +90¹ Balance

All. for

Loan

Losses

NPL +90¹ Balance

All. for

Loan

Losses

NPL +90¹

AA 19,376 - 52 126 - 9 19,362 - 53 118 - 9

A 16,198 81 - 270 1 - 19,570 98 - 294 1 -

B 38,535 385 - 1,451 15 - 39,099 391 - 1,477 15 -

C 5,936 178 - 1,376 41 - 5,223 157 6 1,260 38 -

D 1,812 181 3 1,063 106 3 1,612 161 9 1,078 108 3

E 255 77 25 311 93 31 300 90 35 339 102 10

F 92 46 22 129 65 11 103 52 25 137 68 15

G 102 71 29 169 118 35 176 123 74 160 112 21

H 657 657 175 798 798 243 672 672 165 678 678 141

Total 82,964 1,677 254 5,694 1,238 323 86,118 1,744 315 5,540 1,121 191

Dec/11 Mar/12


R$ million


Acturial Asset

1Q11 2Q11 3Q11 4Q11 1Q12

(a) Fair Value of the Plan's Assets 141,566 138,225 138,225 133,079 133,079

(b) Present Value of Actuarial Liabilities (90,805) (94,711) (94,711) (98,850) (98,850)

(c) Surplus BB = [(a) + (b)] x 50% 25,380 21,757 21,757 17,115 17,115

(d) Amount Recognized before the Half-Yearly Accouting 10,563 11,379 12,688 13,372 13,870

Acturial Assets (Initial Period) 9,895 10,563 12,051 12,688 13,372

Antecipated Montly Recognition 624 624 531 531 390

Contract 97 Contributions ¹ 44 193 107 153 108

(e) Unrecognized Amount = (c) - (d) 14,818 10,377 9,068 3,743 3,245

(f) Corridor Method - BB ² 7,078 6,911 6,911 6,654 6,654

(g) Excess = (e) - (f) 7,739 3,466 2,157 - -

(h) Average Remaining Work Period (half-yearly) 7 5 5 5 5

(i) Amount Recognized in Half-Yearly Adjust = (g) / (h) - 672 - - -

(j) Acturial Assets (Period End) = (f) + (i) 10,563 12,051 12,688 13,372 13,870

R$ million

(1) Values do not impact the period income and refer to payments assumed by BB in the Contract 97.

(2) 50% of the Maximum Value between 10% of the assets or 10% of the liabilities.


Distribution Network

Total Distribution Network

Branches 5,266

SAA 4,938

Services Posts 8,451

Banking Agents 14,575

Banco Postal 6,197

Shared Distribution Channels 25,498

Total 64,925

(1) CEF Lottery Stores, Banco 24h, BRB+CEF ATMs

1


Deposits

R$ billion

On Mar/11On Dec/11

Demand Deposits 59.6 15.6 62.0 14.0 60.7 13.6 1.9 (2.2)

Saving Deposits 90.5 23.7 100.1 22.6 101.8 22.8 12.5 1.7

Interbank Deposits 12.1 3.2 14.5 3.3 14.3 3.2 18.3 (1.2)

Time Deposits 219.0 57.5 265.8 60.1 270.1 60.4 23.3 1.6

Judicial Deposits 67.5 17.7 77.7 17.6 80.5 18.0 19.1 3.6

Total 381.2 100.0 442.4 100.0 446.9 100.0 17.2 1.0



Funding: LCA and LF1

12 months

191.0%

5.1

11.5 12.42.3

7.4

9.3

07

19

22


Letters of Credit -Agribusiness - LCA

Letters of Credit - LF

R$ billion

(1) Including Subordinated Financial Letters


NPL + 90 days

%

2.98 2.973.20

3.07 2.95

1.932.11 1.99 1.89 1.98

1.84

0.92 0.860.72 0.62


Individuals Corporate Agribusiness


Agribusiness Transactions with/without Rollover

R$ billion

7.3 6.5 5.8 5.7 5.5

70.9 74.0 77.383.7 86.9

78.3 80.683.1

89.492.4


Regular

Reestructured

1q12 earnings - bb · conference call 1q12 earnings . banco do brasil s.a. – first quarter 2012 2...

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