Results Presentation

1st Quarter 2012

Disclaimer

This presentation may contain references and statements representing future expectations, plans of growth and future strategies of BI&P. These references and statements are based on the Bank’s assumptions and analysis and reflect the management’s beliefs, according to their experience, to the economic environment and to predictable market conditions.

As there may be various factors out of the Bank’s control, there may be significant differences between the real results and the expectations and declarations herewith eventually anticipated. Those risks and uncertainties include, but are not limited to our ability to perceive the dimension of the Brazilian and global economic aspect, banking development, financial market conditions, competitive, government and technological aspects that may influence both the operations of BI&P as the market and its products.

Therefore, we recommend the reading of the documents and financial statements available at the CVM website (www.cvm.gov.br) and at our Investor Relations page in the internet (www.bip.b.br/ir) and the making of your own appraisal.

1

• Expanded Credit Portfolio grows 8.9% during 1Q12 and 38.4% in 12 months, reaching R$2.8 billion. Corporate segment already responds for 35% of Credit Portfolio.

• Continuous improvement in credit quality: Loans rated from AA to B up from 69.9% in 4Q11 to 75.3% in 1Q12 (vs. 62.3% in 1Q11).

• Agro Bonds Portfolio (CPR, CDA/WA e CDCA) reaches R$230 million, up 77.6% in the quarter, and contributes to a more efficient funding mix through the issuance of Agribusiness Letters of Credit (LCAs).

• Funding follows the credit portfolio growth adding up to R$2.7 billion. The higher volume of funds obtained through the issuance of LCAs and a marginal decline in cost of our time deposits (CDB) contributed to a reduction in funding costs in Real of 0.9% of CDI during the quarter.

• Income from Services (Fees) grew by 90.1% compared to same quarter last year totaling R$6.6 million in the quarter, reflecting the trend to add up higher value added products to our client offering.

• Net Profit in the quarter was R$5.0 million. This result is yet below the potential of the bank but it is aligned to the Management’s forecast taking into consideration our leverage level, the seasonality of the first quarter and the increased allowance for loan losses expenses of R$14.4 million in the period, still derived from loans originated before 2011. The Efficiency Ratio and NIM followed the positive trend of the previous quarters.

• Our Basel Ratio at 18.1% (Tier 1) is still one of the highest in the industry, allowing a high portfolio growth in 2012.

• On March 1st, our shares started trading at Level 2 Corporate Governance at BM&FBOVESPA.

Highlights

2

1,994 2,109 2,248

2,534 2,759

1Q11 2Q11 3Q11 4Q11 1Q12

Loans & Discounted Receivables in Reais Trade Finance

Garantuees Issued (L/G and L/C) Agricultural Bonds (CPR, CDA/WA and CDCA)

Private Credit Bonds (PNs and Debentures)

Expanded Credit Portfolio Growth with a broader product range

R$

mill

ion

3

Expanded Credit Portfolio Evolution Increasing volume of new operations

4Q11

2,534

Credit exits

New operations

Credits received and not renewed

1Q12

(85) (55)

(281)

646 2,759

Write Offs

298 414

498 656 646

1Q11 2Q11 3Q11 4Q11 1Q12

New Operations

R$

mill

ion

R$

mili

ion

4

With Multiproduct Offering 50+ Financial Products Portfolio

• New products launched in the

quarter:

– Offshore Loan

– Real State Letter of Credit (LCI)

– Cash Flow Swap

– Commodities Options

• Revenues from Services (Fees), up

90% compared to 1Q11, to R$6.6

million in the quarter.

• Fee income from products launched

in the last year represented 25% of

revenues from services rendered in

1Q12, and 5% in 4Q11.

5

Expanded Credit Portfolio Breakdown by Product Group

Loans & Discounts

in Real 56%

Trade Finance

16%

BNDES Onlendings

9%

Receivables Aquired

from Customers

3%

Other 1%

Guarantees Issued

6%

Agricultural Bonds

8%

Private Credit Bonds

1%

• Loans & Discounted Receivables in Real ended the

quarter at R$1.5 billion.

• Trade Finance portfolio totaled R$442.8 million

(US$243.0 million), slightly contracted in the

quarter due to changes in the foreign exchange

rate.

• BNDES Onlendings amounted to R$231.1 million,

up 11.6% in 1Q12, mainly in Corporate segment.

• Guarantees and Letters of Credit issued totaled

R$163.8 million, increasing 17.2% in 1Q12.

• Agricultural Bonds portfolio (Agro Product

Certificate - CPR, Inventory Financing - CDA/WA,

and Certificate of Agro Credit Rights - CDCA),

started in 1Q11, increasing by 77.6% in the

quarter, amounting to R$229.7 million.

• Private Credit Bonds (Promissory Notes and

Debentures) totaled R$25.5 million, up 145%

compared to the previous quarter.

6

• Agricultural bonds activity started in 1Q11 through

the acquisition of the portfolio of the subsidiary

Serglobal.

• Due to their negotiability, Agro Product Certificate

(CPR) and Inventory Financing (CDA/WA) are

classified as Marketable Securities, in available-for-

sale category; and Certificate of Agro Credit Rights

(CDCA) are recorded in Loans & Discounted

Receivables in the credit portfolio.

28 37 52

129

230

1Q11 2Q11 3Q11 4Q11 1Q12

Agricultural Bonds

CPR Warrant (CDA/WA) CDCA

Agricultural Bonds Portfolio Specializing in Agribusiness

That activity is directly related to the performance of Brazilian agribusiness, with high

growth prospects and contribution to the expansion and profitability of our business,

including the reduction in funding cost through the Agribusiness Letters of Credit (LCA).

R$

mill

ion

7

1,554 1,604 1,593 1,572 1,501

1Q11 2Q11 3Q11 4Q11 1Q12

Middle Market

Credit Portfolio Strategy for equilibrium between Corporate and Middle Market segment maintained

• Middle Market segment accounts for 63% of

Credit Portfolio (69% in 4Q11), down 4.5% in the

quarter and 3.4% in 12 months.

• Corporate clients accounts for 35% of Credit

Portfolio (28% in 4Q11), increasing by 29.5% in

1Q12 and 210.9% in 12 months.

• Average Exposure by Client:

– Middle Market = R$2.9 million

– Corporate = R$5.6 million

The previously disclosed strategy of maintaining

the Corporate / Middle Market credit portfolio mix

at 45% / 55% until the end of 2012 maintained. 267 322 436 641

831

1Q11 2Q11 3Q11 4Q11 1Q12

Corporate

companies with annual revenues between R$40 million and R$400 million

companies with annual revenues between R$400 million and R$2 billion

Note: In addition to the Agro Bonds, the Private Credit Bonds, the Guarantees Issued and the above operations in Middle Market and Corporate portfolios, the Credit Portfolio also includes Other Credits (CDC Vehicles, Acquired Loans and Financing, and Non-Operating Asset Sales Financing), which totaled R$54.2 million in 1Q12.

R$

mill

ion

R

$ m

illio

n

8

16%

9%

13%

13% 5% 4%

4%

4%

3%

3%

3%

3%

3%

2%

2% 2%

1% 1% 1%

7% Agribusiness

Agribusiness - Agricultural Bonds

Civil Construction

Food & Beverage

Automotive

Pulp & Paper

Textile, Apparel and Leather

Transportation & Logistics

Chemical & Pharmaceutical

Metal Industry

Power Generation & Distribution

Financial Institutions

Education

Oil & Biofuel

Financial Services

Advertising and Publishing

Retail & Wholesale

Individuals

Non-Financial Holdings

Other Industries

Credit Portfolio + Agricultural Bonds Significant presence of Agribusiness and Food related activities

9

10 largest 16%

11 - 60 largest

33% 61 - 160 largest

26%

Other 25%

Client Concentration

Credit Portfolio Exposure by Client and Term of Transations

Top 60 borrowers remain at 49% of Credit Portfolio (52% in 1Q11).

74% of Credit Portfolio to mature up to 360 days.

Up 90 days 40%

91 to 180 days 18%

181 to 360 days 16%

+360 days 26%

Maturity

10

2%

2%

4%

35%

40%

39%

25%

28%

32%

23%

20%

17%

15%

10%

8%

1Q11

4Q11

1Q12

Rating

AA A B C D - H

90%

• 92% of Credit Portfolio are classified between AA and C, out of which 75% between AA e B.

• 97% of the operations disbursed in 1Q12 were classified between AA and B.

• At the end of 1Q12, credits rated between D and H included: – R$119.5 million in normal payment course = 5.0% of credit portfolio, and – R$75.1 million overdue more than 60 days = 3.2% of credit portfolio.

• Allowance for Loan Losses covers 156% of credits overdue more than 90 days.

• R$55 million of fully provisioned H rated loans were written off during the quarter.

6.1% 6.8%

6.3%

5.0%

3.2%

4.6%

6.3%

4.1% 4.7%

2.7%

1Q11 2Q11 3Q11 4Q11 1Q12

NPL / Credit Portfolio

NPL 60 days NPL 90 days

85%

92%

Credit Portfolio Quality Higher quality of new operations

11

Time Deposits

(CDB) 30%

Insured Time

Deposits (DPGE)

29% Agro &

Financial Notes

(LCA/LF) 11%

Demand Deposits

2%

Interbank Deposits

4%

Foreign Borrowings

15%

Onlendings 9%

• Funding volume increased 8% in the quarter, to

R$2.7 billion, highlighting time deposits (CDBs).

• Funding from Agribusiness Letters of Credit (LCA)

increased by 36% in 1Q12 due to the growth in

agricultural bonds portfolio (Agro Product

Certificate - CPRs).

• Reduction of 0,9% of CDI (benchmark rate) in local

funding cost during the quarter, for higher volume

of LCAs issued and marginal drop in time deposits

(CDB) cost derived from depositor base

diversification with improved risk perception.

• 90% of foreign currency funding is related to Trade

Finance portfolio.

Funding Cost reduction through diversified sources

2,247 2,230 2,420 2,533

2,736

1Q11 2Q11 3Q11 4Q11 1Q12

in Reais in Foreign Currency

R$

mill

ion

12

Performance NIM and Efficiency Ratio

• NIM remained unchanged since credit portfolio

growth occurred mainly at the end of the

quarter, with increased Corporate segment

share in the portfolio.

• Improvement of Efficiency Ratio, given that the

standardized ratio dropped by 3.0 pp. Despite

the positive trend, the ratio still remains high by

(i) the low leverage and (ii) fee income still

under the expected level for next quarters.

78.6% 78.6% 71.2%

77.6%

68.1%

73.3% 76.1% 71.0% 70.9% 68.0%

1Q11 2Q11 3Q11 4Q11 1Q12

Efficiency Ratio

Efficiency Ratio Standardized Efficiency Ratio **

4.6% 3.7%

4.6% 4.8% 4.9%

5.9% 5.2%

6.3% 6.6% 6.6%

1Q11 2Q11 3Q11 4Q11 1Q12

NIM

NIM NIM(a) *

No significant headcount additions are

forecasted, thus business growth tends to

dilute administrative expenses.

* NIM(a) adjusts remunerated average assets by repos with equivalent volumes, tenors and rates both in assets and liabilities. ** Standardized Efficiency Ratio includes management adjustments in order to (i) eliminate non-recurring revenues and expenses; (ii) standardize personnel expenses, contributions and profit-sharing pro rata temporis; and (iii) exclude sales revenues and costs of agricultural commodities from the activity of the acquired subsidiary of Sertrading to determine the efficiency ratio of the financial activity. 13

3.6 5.2

7.3

3.5

1Q11 2Q11 3Q11 4Q11 1Q12

Return on Average Equity (ROAE) %

5.1 7.3

10.3

5.0

1Q11 2Q11 3Q11 4Q11 1Q12

Net Profit

-31.7

0.5 0.7

1.0

0.5

1Q11 2Q11 3Q11 4Q11 4Q11

Retorn on Average Assets (ROAA) %

Profitability

• Net Profit does not yet evidence the credit portfolio

growth and it was particularly affected by the

increase in expenses with allowance for loan losses

for there was no relevant credit recoveries over the

quarter.

• 1Q11 result was mainly affected by the increase of

R$101.6 million in allowance for loan losses in that

quarter, in order to protect Bank’s future profitability

from expected default.

R$

mill

ion

14

563.7 566.5 577.5 577.1 590.5

1Q11 2Q11 3Q11 4Q11 1Q12

Shareholders’ Equity

23.7% 21.6% 21.1%

18.2% 18.1%

1Q11 2Q11 3Q11 4Q11 1Q12

Basel Index (Tier I)

3.5x 3.7x 3.9x 4.4x 4.6x

1Q11 2Q11 3Q11 4Q11 1Q12

Leverage Expanded Credit Portfolio /

Shareholders’ Equity

Capital Structure

• Capital Adequacy Index (Basel II) and low

leverage allow healthy portfolio growth.

• Disciplined strategy and business goals

monitoring for efficient and profitable growth.

R$

mill

ion

15

Ratings

Agency Rating Last Report

Standard & Poor’s Global: BB/ Estável/ B

National: brA+/ Stable/ brA-1 December 2011

Moody’s Global: Ba3/ Stable/ Not Prime

National: A2.br/ Stable/ BR-2 November 2011

FitchRatings National: BBB/ Stable/ F3 December 2011

RiskBank Índice: 10,08

Low risk to short term April 2012

16

Class Number of Shares

Common Preferred Total

Capital Social 36,945,649 26,160,044 63,105,693

Controlling Group 20,743,333 630,626 21,373,959

Management 277,307 60,125 337,432

Treasury - 734,515 734,515

Free Float 15,925,009 24,734,778 40,659,787

Free Float 43.1% 94.6% 64.4%

Shares and Capital Distribution

Position as of March 31, 2012.

1 Issued Shares (-) Treasury Shares

Controlling Group 34%

Management 1%

Treasury 1%

Institutional Investors

14%

Foreign Investors

30%

Individuals 20%

Shareholders’ Distribution

17

2008 2009 2010 2011

Outstanding Shares 1 43,000,001 42,048,101 40,466,187 62,358,840

IOE gross amount (R$ million) 25.5 27.0 25.1 27.8

IOE gross amount per share (R$ million) 0.59 0.64 0.61 0.53

Price to Book Value 0.38 0.81 0.75 0.73

Market Value (R$ million) 171.6 348.6 321.7 420.9

Share Performance

60

70

80

90

100

110

IBOVESPA IDVL4 IDVL4 adjusted for earnings

18

IDVL4

Share Price 12.29.2011 R$ 6.75

Share Price 03.30.2012 R$ 8.60

Change in the period + 27.4%

Maximum Share Price R$ 8.90

Minimum Share Price R$ 6.41

Market Value in 03.30.2012 R$ 536,286,024

Price to Book Value 0.9

IDVL4

Average Daily Volume

- in March 2012 R$ 156,782

- in 1Q12 R$ 193,840

- in 12 months R$ 216,676