Earnings

Release 2Q17

2

This presentation may include references and statements,

planned synergies, estimates, projections of results, and future

strategy for Banco do Brasil, its Associated and Affiliated

Companies, and Subsidiaries. Although these references and

statements reflect the management’s belief, they also involve

estimates and unforeseen risks. Consequently, results may

differ from 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 conditions. Banco do Brasil is not

responsible for updating any estimate in this presentation.

Disclaimer

Index

Strategic Guidelines 4

Net Income 5

Earnings Breakdown 6

Market Ratios 7

Commercial Funding 8

Loan Portfolio 9

Gross Disbursements 10

Individuals Portfolio 11

Loans to Companies 12

Agribusiness 13

Delinquency Ratios (+90 days) 14

Delinquency Ratio by Segment 15

ALL Balance and Coverage Ratio 16

Coverage Ratio by Segment 17

Average Risk and Loan Portfolio by Risk Level 18

Provision Expenses Flow / Loan Portfolio 19

NPL Formation 20

NPL Formation by Segment 21

Renegotiated Overdue Loan Portfolio 22

Net Interest Income 23

Spread by Portfolio 24

Net Interest Margin 25

Fee Income 26

Administrative Expenses 27

BIS Ratio 28

Full Application of Basel III Rules 29

Guidance 2017 30

Apimec Meeting – Rio de Janeiro 31

Appendix 32

Profitability,

efficiency, control of

delinquency and

capital

Customer

Experience

Digital

Transformation

Str

ate

gic

Gu

ideli

nesHighlights 1H17 / 1H16

Fee Income

10.0% growth.

Net interest Income¹

Stable, growing 0.3%.

Administrative Expenses

Under control, 0.9% decline.

Cost to income ratio²

Reached 38.9%.

(1) Net of write-off recovery. (2) Cost to Income Ratio: Administrative Expenses / Operating Revenues accumulated in 12 months. Data from the

Income Statement with Reallocations. 4

Net Income

+67.3%

1H171H16

3.087

1.801

2.649

1.286

5.164

2.515

Adjusted Net Income 1QAdjusted Net Income 2Q

+4.9%

1H171H16

4.824

2.465

2.443

5.062

2.619

2.359

Net Income 1QNet Income 2Q

5

2Q16 1Q17 2Q17 1H16 1H17

Shareholders ROE % 10.3 13.7 14.1 8.8 13.7

Market ROE % 9.2 12.4 12.8 7.9 12.4

Profitability Ratios

R$ billion

Earnings Breakdown

6

(3.05)

(4.82)

6.32

(6.66)

14.61

2.62

(0.03)

2.65

(3.75)

(7.86)

Personnel

Expenses

(6.14)

(9.49)

Fee Income

12.41

ALL

(13.37)

NII

29.08

Net Income

5.06

One-Off Items

(0.10)

Adjusted

Net Income

5.16

Other

(7.32)

Administrative

Expenses

(15.64)

2Q17

1H17

R$ billion

Personnel

Expenses

Market RatiosDividend Yield² (%)Earnings per Share

Price/Book ValuePrice/Earnings 12 months

(1) Bloomberg estimative in 08/08/2017 based on analysts’ projections average. Banco do Brasil is not responsible for this information. (2) Dividends and Interest on Capital 12 months / Market Capitalization. Source: Economatica.

Source: Economatica.

11.59

4Q16

9.74

3Q16

6.63

2Q16

4.60

6.89

2018E¹2017E¹

8.00

2Q17

9.02

1Q17 2018E¹

0.88

2017E¹

0.97

2Q17

0.82

1Q17

1.05

4Q16

0.90

3Q16

0.74

2Q16

0.57

2017E¹

3.23

2Q17

3.26

1Q17

2.57

4Q16

3.01

3Q16

4.86

2Q16

7.62

2018E¹

3.81

2Q17

0.950.94

1Q17

0.900.86

4Q16

0.63

0.34

3Q16

0.840.80

2Q16

0.65

0.88

Adjusted Earnings per Share - R$Earnings per Share - R$

5.05

2.57

3.96

2016 2017E¹

3.914.124.55 4.54

2018E¹2015

2.84

Source: Economatica.

7

(1) Includes the balance of CRI (Certificates of Real Estate Receivables). (2) Includes part of the balances of the Private Securities shown on Notes to the Consolidated Financial Statements.

(3) It refers to Deposits + Agribusiness Letters of Credit and Mortgage Letters of Credit quarterly cost.

+0.7%

Jun/17

588.5

19.024.9

62.4

120.8

151.0

210.5

Mar/17

584.4

18.3 20.164.0

133.7

148.9

199.4

Dec/16

613.6

20.725.6

69.3

142.0

151.8

204.2

Sep/16

619.9

23.931.6

61.6

150.6

148.7

203.5

Jun/16

624.8

27.530.4

62.5

153.5

148.4

202.5

Interbank DepositsRep. Agreement with Private Securities²Demand DepositsAgribusiness Let. Credit + Mortgages Let. Credit¹Savings DepositsTime Deposits

Commercial Funding

R$ billion

8

13.8

66.5

12.9

64.063.763.4

14.014.214.1

61.8

Funding Expenses % Selic³ Accumulated Selic (% YTD in 12 months)

86.889.791.6 87.2 87.5

Adjusted Net Loan Portfolio / Commercial Funding

%

Loan Portfolio – Broad Concept¹R$ billion

Jun/17

696.1

277.2

185.9

188.2

44.9

Mar/17

688.7

280.8

185.1

180.1

42.7

Dec/16

708.1

294.7

187.8

735.4

316.8

187.6

179.6

51.5

Jun/16

753.0

327.6

189.7

184.5

51.2

+1.1%

45.7

Sep/16

179.8

CompaniesIndividualsAgribusinessForeign Branches and Subsidiaries

-7.6-11.4-11.3

-6.9-1.2

Growth in 12 months (%)

6.4%

27.0%

26.7%

39.8%

6.8%

24.5%

25.2%

43.5%

(1) It includes private securities and guarantees provided. 9

168

12312091

117100

3Q162Q161Q16 2Q171Q174Q16

Brazil

216184

139

97106100

2Q16 4Q16 1Q17 2Q171Q16 3Q16

171

86

140

91

157

100

3Q161Q16 2Q16 1Q17 2Q174Q16

15712111199107100

2Q171Q172Q16 3Q16 4Q161Q16

Disbursements – quarterly average¹ (1Q16 base 100)

Agribusiness

Individuals

Companies

(1) Does not include revolving lines of credit and overdraft account. 10

+3.9%

Jun/17Mar/17

53.7

42.6

11.0

Jun/16

51.6

39.7

11.9

43.0

10.5

53.6

Mortgage - IndividualsMortgage -Companies

2.091.29

2.15

Individuals Mortgage NPL 90 (%)²

+2.0%

Jun/17Mar/17

62.4

88.0%

9.3% 2.7%

Jun/16

63.0

88.5%

8.4% 3.0%

87.8%

64.2

9.6% 2.6%

Civil Servants

INSS´s Retirees and Pensioners

Private Sector Employees

1.451.25 1.82

NPL +90 days (%)²

-3.1%

Jun/17Mar/17

19.7

Jun/16

20.5 19.8-25.9%

Jun/17Mar/17

5.8

Jun/16

7.3

5.4

3.542.614.94

NPL +90 days (%)²

1.200.881.29

NPL +90 days (%)²

R$ billion

Individuals Portfolio¹: Lower risk lines of credit

Individuals

Market

Share

7.8%

Market

Share

21.6%

(1) BB Organic Portfolio. (2) BB Classified Loan Portfolio.

PayrollMortgages

Auto LoansSalary Loans

11

8.4%

Chg. (%)

on Jun/16

Loans to Companies – Broad Concept¹

-1.3%-15.4%

Jun/17

277.2

219.8

57.4

Mar/17

280.8

219.4

61.4

Jun/16

327.6

246.4

81.2

Middle Market, Corporates and GovernmentVery Small and Small Companies²

-29.2%

-10.8%

12

-6.5%

+0.2%

(1) It includes private securities and guarantees provided. (2) Companies with annual revenues up to R$ 25 million.

Chg. (%) on Jun/16 Chg. (%) on Mar/17

R$ billion

59.8 % Market Share²

+2.0%

Jun/17

188.2

158.2

30.0

Mar/17

180.1

152.2

27.9

Jun/16

184.5

152.6

31.9

+4.5%

RuralAgroindustrial

Agribusiness¹R$ billion

(1) It includes Rural Product Bills and guarantees provided. (2) Source: Brazilian Central Bank – Jun/2017. 13

R$ 103 billion for the

17/18 Harvest

11.5

91.5

Companies of the Agribusiness Chain

Rural producers and cooperatives

+3,7%

-6,0%

Chg. (%) on Jun/16

+7,5%

+3,9%

Chg. (%) on Mar/17

3.473.29

3.50

Jun/17

4.11

Mar/17Dec/16Sep/16

3.06

Jun/16

2.85

3.26

3.70

3.89

BB BB ex specific cases

14

3.70

3.90

3.70

3.50

3.70

Banking Industry

Delinquency Ratios (+90 days)¹

(1) BB Classified Loan Portfolio.

Jun/17

6.98

8.26

2.24

9.41

6.46

Mar/17

9.97

2.30

11.09

6.94

Dec/16

8.25

1.81

9.29

5.26

Sep/16

8.47

1.79

8.47

5.97

Jun/16

1.45

7.09

4.55

5.83

Jun/17

6.08

6.21

1.39

7.35

3.34

Mar/17

5.70

1.28

6.83

3.09

Dec/16

0.99

2.67

Sep/16

0.96

5.26

2.56

Jun/16

0.95

4.82

2.37

NPL Ratio +90 days (%) NPL Ratio +15 days (%)

Simulation considering Mar/17 loan portfolio, ex-specific caseSimulation ex-specific caseAgribusinessCompaniesIndividuals

Delinquency Ratio¹ by Segment

15(1) BB Classified Loan Portfolio.

143.3

164.2159.5

146.5

167.7

167.8

159.4

173.2

163.9

180.0186.5

174.4178.4175.7

ALL Balance and Coverage Ratio

R$ million

(1) Banking Industry: Ratio created through Average Risk Index available at SGS (Time Series Management System) of the Brazilian Central Bank. 16

37,8811,851

36,030

Mar/17

36,4141,686

34,728

Dec/16

36,0701,535

34,535

Sep/16

37,514

Jun/16

36,968

Jun/17

Supplementary ProvisionMinimum ProvisionRequired Provision

(%)

BB +90 days BB ex-specific cases BI +90 days¹

Coverage Ratio by Segment

1Q17

153.5

181.7

128.3

183.9

4Q16

228.9

145.8

199.6

3Q16

295.6

141.0

190.9

2Q16

290.0

144.9

201.3

2Q17

177.1

126.0

167.0

149.3

153.1

435.0

349.4

118.9

367.2

119.4

206.4

Foreign Branches and Subsidiaries ex-specific caseForeign

Companies ex-specific caseAgribusinessCompaniesIndividuals

17

%

Average Risk and Loan Portfolio by Risk Level

Loan Portfolio by Risk Level

91.1% of the

transactions are

concentrated in

levels AA to C

(1) Required Provision / BB Classified Loan Portfolio. Source: SGS (Brazilian Central Bank). 18

8.9%

9.9%

20.7%

14.2%

46.3%

D-HCBAAA

Mar/17

6.80

5.70

Dec/16

6.60

5.52

Sep/16

6.50

5.58

Jun/16

6.30

5.34

Jun/17

5.89

6.90

Banco do Brasil Banking Industry

Average Risk¹ (%)

Provision Expenses Flow / Loan Portfolio (%)

0.700.270.450.41

1.67

0.99

0.41

0.91

0.46

1.041.05

1.83

0.55

2.21

1.150.75

1.66

0.68

2.11

1.70

0.94

0.55

-0.24

1.181.20

5,794

1,411

4,370

396

730804

2Q16

132

8,277

1,282

2Q17

6,658

1,743

3,979

188

6,644 6,713

3Q16

748

-3362,207

5,517

1,677

4Q16

60

98

7,486

606

4,370

1Q17

Individuals

Companies

Foreign

Agribusiness

ALL by Segment (R$ million)¹

(1) Quartely ALL expenses gross of write-off recovery.

Agribusiness

Individuals

Companies

Total

Foreign

19

NPL Formation

2Q17

6.84

1Q17

9.75

4Q16

6.97

3Q16

7.12

2Q16

9.73

1Q16

7.39

4Q15

6.22

3Q15

5.59

2Q15

4.91

1.07

1.08

1.491.041.03

0.98

1.381.030.870.810.72

97.4097.4094.93

68.82

107.4393.32120.55

85.05

123.80112.32104.30105.68

2Q17

8.44

1Q17

10.10

4Q16

7.63

3Q16

7.55

2Q16

10.48

1Q16

7.93

4Q15

7.13

3Q15

6.16

2Q15

5.45

New NPL (R$ billion)¹

44.35% of the total

contracts in 2Q17were 90

days past due transactions.

Including the past

due renegotiated

loan portfolio³

20

78.8786.43

66.47

98.1488.03108.26

78.94

115.3498.1094.7095.31

1.32

1.19

1.551.131.09

1.09

1.491.101.000.890.80

New NPL / Loan Portfolio - ex-specific cases

New NPL / Loan Portfolio (%)²

(1) Quarterly change in the balance of over 90 days past due transactions + current quarter write-off. (2) It considers the Classified Loan Portfolio of the previous quarter.

(3) Flow of the Renegotiated loan portfolio contracts of over 90 days past due transactions.

Quarterly ALL/New NPL - ex-specific cases

Quarterly ALL/New NPL (%)

NPL Formation by Segment

1Q17

1.87

4Q16

1.57

3Q16

1.61

2Q16

1.28

1Q16

1.70

4Q15

1.17

3Q15

1.16

2Q15

1.12

2Q17

1.76

1.000.840.850.680.920.650.650.65 0.95

89.78140.20

87.75100.3482.97113.12105.4660.72 99.12

Ind

ivid

ua

ls

Ag

rib

us

ine

ss

1Q17

6.41

4Q16

4.55

3Q16

4.63

2Q16

5.02

1Q16

4.71

4Q15

4.15

3Q15

3.61

2Q15

3.37

2Q17

4.11

New NPL (R$ billion)¹

117.12

68.14

121.2094.34

115.35100.94103.98106.13113.19 96.86

Quarterly ALL/New NPL (%) - ex specific case

Quarterly ALL/New NPL (%)

1.50

2.571.731.691.751.581.431.261.17

1.721.72

21

Co

mp

an

ies

0.72

3Q16

0.70

2Q16

0.37

1Q16

0.98

4Q15

0.84

3Q15

0.70

2Q17

0.87

2Q15

0.40

4Q16

1.02

1Q17

59.35-46.61

104.44105.72106.18113.2876.26 86.40140.20

0.570.400.380.210.560.490.420.24

0.48

New NPL ex specific case

New NPL / Loan Portfolio (%)²

(1) Quarterly change in the balance of over 90 days past due transactions + current quarter write-off. (2) It considers the Classified Loan Portfolio of the previous quarter.

Renegotiated Overdue Loan Portfolio

22

2Q16 1Q17 2Q17

Credits Renegotiated When Past Due - Changes

Initial Balance 22,038 27,086 26,618

Contracts 5,026 2,332 3,622

Amortization Net of Interest¹ (979) (864) (1,211)

Write-Off (1,036) (1,936) (1,986)

Past due Renegotiated Loan Portfolio (A) 25,050 26,618 27,042

ALL Balance (B) 10,369 12,314 12,924

NPL + 90 days (C) 5,642 7,410 7,094

Indicators - %

ALL / Loan Portfolio (B/A) 41.4 46.3 47.8

NPL + 90 days / Loan Portfolio (C/A) 22.5 27.8 26.2

ALL Balance/NPL + 90 days (B/C) 183.8 166.2 182.2

Credits Renegotiated/Classified Loan Portfolio 3.6 4.2 4.2

1Q17

1.97

4Q16

2.37

3Q16

2.10

2Q16

2.38

2Q17

1.67

New NPL (R$ billion)²

7.289.248.3710.786.27

New NPL / Loan Portfolio (%)³

NPL Formation

R$ million

(1) Principal and interest payments net of interest accrued in the period. (2) Quarterly change in the balance of over 90 days past due transactions + current quarter write-off. (3) It considers the Classified Loan Portfolio of the previous quarter.

Credits Renegotiated Contracts %

0 to 14 days Past due 830 22.92

15 to 90 days Past due 811 22.40

Over 90 days Past due 1,606 44.35

Writen-Off Recovery 374 10.32

Total 3,622 100

2 transactions represent 20% of 2Q17 contracts.

Net Interest Income

(1) It includes senior bonds, subordinated debt, and Hybrid Instruments in Brazil and abroad.

(2) It includes the result from interest, tax hedging, derivatives, and other financial instruments that offset the effects of the exchange rate variation on result.

(3) Series revised (Funding Expense for Institutional Funding to Treasury). Impact in all tables with those lines.

R$ million

23

Chg. (%) on

2Q16 1Q17 1H16

Net Interest Income 14,633 14,476 14,606 (0.2) 0.9 28,909 29,083 0.6

Net Interest Income W/O Recovery 13,249 13,521 13,212 (0.3) (2.3) 26,665 26,733 0.3

Loan Operations 25,311 23,611 21,786 (13.9) (7.7) 50,390 45,398 (9.9)

Funding Expenses (11,034) (9,755) (8,404) (23.8) (13.9) (21,965) (18,159) (17.3)

Financial Expense for Institutional Funding¹ ³ (3,785) (3,470) (3,146) (16.9) (9.4) (7,518) (6,616) (12.0)

Treasury² ³ 2,758 3,135 2,975 7.9 (5.1) 5,758 6,110 6.1

Recovery of Write-offs 1,384 956 1,394 0.8 45.9 2,245 2,350 4.7

1H16 1H172Q16 1Q17 2Q17Chg. (%) on

Spread by Portfolio

2Q17

4.72

5.01

7.34

16.12

1Q17

4.83

6.05

7.67

16.11

4Q16

5.00

6.34

7.98

16.60

3Q16

4.97

6.10

7.86

16.48

2Q16

4.93

5.89

7.71

16.31

AgribusinessCompanies¹Loan OperationsIndividuals

(1) Government loans not included. 24

%

Net Interest Margin¹

25

NIM ex all effects

4.96

Revolving Credit

Card Revenues

0.08

NIM ex Mix

4.88

Mix Composition

0.13

NIM

4.75

1Q17 2Q17

2.56

4.75

2.56

4.82

4Q16

2.57

5.06

3Q16

2.72

4.90

2Q16

2.10

4.89

%

Risk Adjusted NIMNet Interest Margin (NIM)¹

(1) Net interest income / average balance of earnings assets, annualized.

Impacts of the Quarter - Net Interest Margin

R$ million

Fee Income

26

Chg. (%) on

2Q16 1Q17 1H16

Fee Income 5,886 6,096 6,316 7.3 3.6 11,285 12,411 10.0

Checking Account Fees 1,534 1,597 1,712 11.6 7.2 2,969 3,309 11.5

Asset Management Fees 1,077 1,295 1,336 24.0 3.1 2,080 2,631 26.5

Insurance, Pension and Premium Bonds 835 763 665 (20.3) (12.9) 1,532 1,429 (6.8)

Loan Fees 444 412 550 23.8 33.5 804 963 19.7

Collections 421 383 372 (11.7) (2.7) 840 755 (10.1)

Credit / Debit Cards 337 370 370 9.9 0.1 663 740 11.6

Billings 257 273 270 4.9 (1.1) 517 543 4.9

Capital Market 192 170 180 (6.5) 5.6 320 350 9.3

National Treasury and Manag. of Official Funds 150 167 171 13.9 2.2 282 338 19.9

Consortium 123 161 175 42.6 8.6 238 336 41.0

Interbank 46 41 39 (14.7) (4.5) 89 81 (9.5)

Other 469 463 475 1.2 2.6 950 937 (1.3)

2Q16 1Q17 2Q17 1H16 1H17Chg. (%) on

38.939.9

Cost to Income Ratio (12 months)

15,638

1H17

6,144

1H16

9,494

-0.9%

15,781

9,745

6,036

Personnel Expenses Other Administrative Expenses

R$ million

Administrative Expenses and Cost to Income Ratio¹

27

Jun/16 Jun/17

Points of Service

Employees

Branches

109,615 99,603

5,428 4,885

1,738 2,117

Own Service Network 17,181 16,098

7,774

3,096

2Q16

4,677

7,864

3,047

1Q17

4,817

2Q17

7,973

3,017

4,956

39.9 39.3 38.9

(1) Cost to Income Ratio: Administrative Expenses / Operating Revenues. Data from the Income Statement with Reallocations.

The institutional reorganization brought an impact of

R$ 144 million in administrative expenses in 1H17.

Excluding this effect, the decline would have been

1.8% over 1H16, against 0.9% printed.

%

BIS Ratio

28

16.4517.59

18.48 18.15 18.01

11.3412.18

12.79 12.41 12.42

8.42 9.07 9.59 9.20 9.18

Jun/16 Sep/16 Dec/16 Mar/17 Jun/17

Tier II Tier I Common Equity Tier I

Use of Tax Credits

0.75

BIS Ratio with Fully

Loaded Basel III Rules

17.19

Simulated BIS Ratio

under complete

Basel III Rules

Deductions Schedule

Anticipation

17.4718.01

BIS Ratio with

full deductions

BIS Ratio

-0.28-0.54

RWA Rules Anticipation

17.94

11.64

RWA Rules Anticipation

-0.19

Tier 1 with full

deductions

11.83

Deductions Schedule

Anticipation

-0.60

Tier 1

12.42 12.35

Simulated Tier 1

under complete

Basel III Rules

0.71

Tier 1 with Fully

Loaded Basel III Rules

Use of Tax Credits

BIS

Full Application of Basel III Rules

-0.13

CET1 with full

deductions

8.55

Deductions Schedule

Anticipation

-0.63

Common Equity

Tier I (CET1)

9.18

CET1 with Fully

Loaded Basel III Rules

8.41

RWA Rules Anticipation

0.69 9.11

Simulated CET1

under complete

Basel III Rules

Use of Tax Credits

Tie

r1

CE

T 1

%

29

Guidance 2017

30

Guidance

2017

1H17

Performance

Revised

Guidance

Adjusted Net Income - R$ billion 9.5 to 12.5 5.2 Unchanged

NII (Net of Recovery of Write-offs) - % 0 to 4 0.3 -4 to 0

Organic Domestic Loan Portfolio - Broad Definition - % 1 to 4 -6.6 -4 to -1

Individuals - % 4 to 7 1.0 2 to 5

Companies - % -4 to -1 -14.5 -11 to -8

Rural Loans - % 6 to 9 3.7 Unchanged

ALL Expenses net of Recovery of Write-offs - R$ billion -23.5 to -20.5 -11.0 Unchanged

Fee Income - % 6 to 9 10.0 Unchanged

Administrative Expenses - % 1.5 to 4.5 -0.9 -2.5 to 0.5

September, 1st

Apimec Meeting

Rio de JaneiroSofitel Ipanema (ex Caesar Park)

Save the

date

ÍndiceGuarantees and Provisions 33

One-Off Items 34

Income Statement with Reallocations – Main Lines 35

Earning Assets Breakdown 36

Guarantees and Provisions

Jun/17

356

15,254

Mar/17

379

17,178

Dec/16

431

17,957

Sep/16

491

18,241

Jun/16

430

19,326

ProvisionsGuarantees Provided

2.22.42.72.2 2.3

Provisions/Guarantees

R$ million

33

One-Off ItemsR$ million

Chg. (%) on

2Q16 1Q17 1H16

Adjusted Net Income 1,801 2,515 2,649 47.1 5.3 3,087 5,164 67.3

One-Off Items 664 (72) (30) - (57.7) 1,738 (102) -

Economic Plans (185) (227) (64) (65.3) (71.7) (567) (291) (48.8)

Extraordinary Provision for Law suits 259 88 6 (97.8) (93.6) 666 94 (85.9)

Additional Allow ance for Loan Losses 1,209 - - - - 3,257 - -

Tax Eff. and Stat. Prof. on One-Off Items (618) 67 28 - (57.7) (1,617) 95 -

Net Income 2,465 2,443 2,619 6.2 7.2 4,824 5,062 4.9

Chg. (%) on2Q16 1Q17 2Q17 1H16 1H17

34

Income Statement with Reallocations – Main LinesR$ million

Chg. (%) on

2Q16 1Q17 1H16

Net Interest Income 14,633 14,476 14,606 (0.2) 0.9 28,909 29,083 0.6

Allowance for Loan Losses (8,277) (6,713) (6,658) (19.6) (0.8) (17,422) (13,371) (23.2)

Net Financial Margin 6,356 7,764 7,948 25.0 2.4 11,488 15,712 36.8

Fee income 5,886 6,096 6,316 7.3 3.6 11,285 12,411 10.0

Contribution Margin 10,952 12,597 13,033 19.0 3.5 20,258 25,630 26.5

Administrative Expenses (7,973) (7,774) (7,864) (1.4) 1.2 (15,781) (15,638) (0.9)

Commercial Income 2,887 4,706 5,041 74.6 7.1 4,268 9,747 128.4

Other Operating Income 94 213 146 55.0 (31.5) 668 360 (46.2)

Income Before Taxes 2,472 4,214 4,731 91.4 12.3 3,674 8,944 143.5

Income and Social Contribution Taxes 12 (995) (1,334) - 34.0 671 (2,329) -

Corporate Profit Sharing (246) (307) (354) 44.3 15.3 (431) (662) 53.5

Adjusted Net Income 1,801 2,515 2,649 47.1 5.3 3,087 5,164 67.3

One-Off Items 664 (72) (30) - (57.7) 1,738 (102) -

Net Income 2,465 2,443 2,619 6.2 7.2 4,824 5,062 4.9

2Q16 1Q17 2Q17Chg. (%) on

1H16 1H17

35

Earning Assets Breakdown

36

51.3%43.8%

4.9%

Other Loans and LeasingSecur. + Interbank Invest. w/o Hedge

49.8%45.4%

4.8%

36.0%

32.6%

Agribusiness

Wholesale Operations

Retail Operations

31.4%

35.3%

32.4%

32.2% Agribusiness

Retail Operations

Wholesale Operations

2Q171Q17

Av. Paulista, 2163

2nd. floor – Cerqueira César

São Paulo/SP - Brasil - CEP 01311-933

www.bb.com.br/ir ri@bb.com.br +55 (11) 3066-9110