1. Results Presentation
2nd Quarter 2012

2. 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.
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3. Highlights
• Due to the more conservative approach on account of the macroeconomic scenario, the Expanded Loan
Portfolio grew just 1.7% in 2Q12 and 33.1% in 12 months, totaling R$2.8 billion.
• In line with our strategy, the Corporate segment continues to expand, accounting for 47% of the
Expanded Loan Portfolio (45% of the Classic Loan Portfolio) at the end of June.
• Continuous improvement in the quality of the expanded loan portfolio: the share of credits rated
between AA and B increased to 79%, from 65% in 2Q11. Of the new loans granted in the quarter, 99% are
rated between AA and B (97% in 1Q12).
• Reduction in operations overdue more than 90 days to 2.6%, from 6.3% in June 2011, with coverage by
provisions of 175.7% (156.4% in March 2012 and 155.8% in June 2011).
• Funding costs continue to decrease, especially due to the higher share of Agribusiness Letters of Credit
(LCA) in total funding in Real. Total funding stood at R$2.8 billion, in line with the loan portfolio trends.
• Our Basel Ratio of 17.0% (Tier 1) and our liquidity enable business expansion in the second half of 2012.
• Despite the 59% growth in Income from Financial Intermediation before allowance for loan losses,
compared with 2Q11 (from R$37.4 million in 2Q11 to R$59.6 million in the quarter), provisioning of loans
granted before 2010 continue to affect Net Profit.
• Our Ratings were reaffirmed by Standard & Poors, BB/B (global) and brA+/brA-1 (local), and Fitch, BBB/F3
(local).
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4. Expanded Credit Portfolio
Cautious growth under macroeconomic scenario
2,759 2,807
2,534
2,248
2,109
R$ million
2Q11 3Q11 4Q11 1Q12 2Q12
Loans & Discounted Receivables in Reais Trade Finance
Guarantees Issued (L/G and L/C) Agricultural Bonds (CPR, CDA/WA and CDCA)
Private Credit Bonds (PNs and Debentures)
3

5. Expanded Credit Portfolio Evolution
Quality growth strategy maintained
2,759 (367) 517 2,807
(85) (17)
R$ million
1Q12 Credits Credit Write New 2Q12
received and exits offs transactions
not renewed
New Transactions
656 646
498 517
414
R$ million
2Q11 3Q11 4Q11 1Q12 2Q12
4

6. Multiproduct Offering
50+ product portfolio facilitates conquering new customers and enhances
our ability to provide more structured solutions
5

7. Expanded Credit Portfolio
Breakdown by product group
• Loans & Discounted Receivables in Real
amounted to R$1.5 billion in 2Q12.
• Trade Finance portfolio totaled R$449.4 million
(US$222.3 million), up 1.5% in the quarter and
Loans &
Discounts
5.7% in 12 months.
Trade
in Real Finance • BNDES Onlendings reached R$260.8 million,
54% 16% increasing by 12.9% in 2Q12 and 82.6% in 12
months, mainly in the Corporate segment.
BNDES
Onlendings • Guarantees and Letters of Credit issued totaled
9% R$175.8 million, growing 7.3% in 2Q12 and
Receivables 156.6% in 12 months.
acquired • Agricultural Bonds portfolio (CPRs and CDA/WAs,
Other from
classified as Marketable Securities, and CDCAs, in
1% Customers
3% the credit portfolio), amounted to R$267.0
Private Agricultural
Guarantees million, up 16.2% in the quarter and 622.4% in 12
Credit Bonds Issued months.
Bonds 10% 6%
1%
• Private Credit Bonds portfolio (debentures)
totaled R$30.7 million, 20.2% above the amount
recorded in 1Q12.
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8. Agricultural Bonds Portfolio
Specializing in Agribusiness
• Agricultural bonds activity started in 1Q11 and plays an
important role in our growing business strategy.
Agricultural Bonds
• Our agricultural bonds transactions are focused on
267 commodities financing, specially grains, cotton, sugar
230
cane and coffee.
129
R$ million
• The expertise of our team combined with the support of
37 52
external specialists improve business opportunities
detection and risk mitigation. As an example, this
2Q11 3Q11 4Q11 1Q12 2Q12
year’s drought in the Southern Region did not impact
CPR Warrant (CDA/WA) CDCA payments in this portfolio.
• We minimize risks, both for the customer and the bank,
by developing commodity price protection instruments.
Our agricultural bonds activity aims to follow the agribusiness growth in
Brazil and the great moment of the commodities market.
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9. Expanded Credit Portfolio
Significant presence of Agribusiness and Food related activities
Agribusiness
10%
Food & Beverage
1% 19%
2% Civil Construction
2% Transportation & Logistics
2% Chemical & Pharmaceutical
3% Financial Services
3% Pulp & Paper
Automotive
4%
Oil & Biofuel
16% Metal Industry
4% Textile, Apparel and Leather
Education
4% Power Generation & Distribution
Financial Institutions
4%
Retail & Wholesale
5% 12% Electronics
5% 5% Other Industries (% lower than 1%)
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10. Credit Portfolio
Strategy for equilibrium between Corporate and Middle Market segment maintained
Middle Market • Migration of customers managed by the Middle
companies with annual revenues between Market team to Corporate, responding for R$200
R$40 million and R$400 million
million outstanding volume in 2Q12.
1,604 1,593 1,572 1,501
1,267 • Middle Market segment accounts for 53% of Credit
Portfolio (63% in 1Q12), and 51% of Expanded
R$ million
Credit Portfolio.
• Corporate clients account for 45% of Credit
2Q11 3Q11 4Q11 1Q12 2Q12 Portfolio (35% in 1Q12), and 47% of Expanded
Credit Portfolio.
Corporate • Average Exposure by Customer:
companies with annual revenues between – Middle Market = R$2.2 million
R$400 million and R$2 billion
– Corporate = R$6.9 million
1,078
R$ million
831
641 Our strategy is to balance our Credit Portfolio
322 436
at a ratio of 45% Corporate and 55% Middle
Market customers .
2Q11 3Q11 4Q11 1Q12 2Q12
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$51.0 million in 2Q12 (R$54.2 million in 1Q12).
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11. Credit Portfolio
Exposure by client and term of transactions
Client Concentration Maturity
Other Top 10 +360 days
25% 18% 27% up to 90
days
39%
181 to 360
11 - 60 days
61 - 160
largest 15%
largest 91 to 180
32%
25% days
19%
• Top 60 borrowers remain at 50% of Credit Portfolio (49% in 2Q11)
• 73% of Credit Portfolio to mature up to 360 days
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12. Credit Portfolio Quality
Higher quality of new transactions
Rating NPL / Credit Portfolio
92.1%
6.8%
2Q12 6% 37% 34% 16% 8% 6.3%
5.0%
91.8% 3.2%
6.3% 2.8%
1Q12 4% 39% 32% 17% 8%
4.7%
4.1%
89.7% 2.7% 2.6%
4Q11 2% 40% 28% 20% 10%
2Q11 3Q11 4Q11 1Q12 2Q12
AA A B C D-H NPL 60 days NPL 90 days
• 76.2% of Credit Portfolio are classified between AA and B.
• 99.4% of the transactions disbursed in 2Q12 were classified between AA and B.
• At the end of 2Q12, credits rated between D and H included:
– R$122.9 million in normal payment course = 5.1% of credit portfolio, and
– R$67.3 million overdue more than 60 days = 2.8% of credit portfolio.
• Allowance for Loan Losses covers 176% of loans overdue more than 90 days.
• R$17 million of fully provisioned H rated loans were written off during the quarter.
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13. Funding
Product mix helps cost reduction
2,736 2,755 • Total Funding of R$2.8 billion at the end of 2Q12,
2,420 2,533 +0.7% in the quarter and +23.6% in 12 months,
2,230
highlighting LCAs and LFs.
R$ million
• Agribusiness Letters of Credit (LCAs) increased by
12.2% in the quarter and 150.8% in 12 months,
supported by the agricultural bonds portfolio
2Q11 3Q11 4Q11 1Q12 2Q12 growth.
in Real in Foreign Currency
• Funding through Bank Notes (LFs) grew from
Insured R$7.4 million in 2Q11 to R$30.6 million, and
Time
Time
deposits
Deposits accounted for 1.1% of total funding.
(CDB)
(DPGE)
27% LCA
28%
12% • 90% of foreign currency borrowings are Trade
Onlendings LF Finance related .
10% 1%
Foreign Interbank Demand
Borrowings Deposits Deposits
16% 5% 1%
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14. Performance
Net Interest Margin (NIM) and Efficiency Ratio
NIM
7.7%
• Financial intermediation income before ALL
6.6% 6.6% 7.1%
5.2%
6.3%
5.5% expenses increases NIM, since there was no
material change in the balance of interest
5.8%
bearing assets.
4.6% 4.8% 4.9% 5.3%
3.7% 4.1%
• The significant improvement in the Efficiency
2Q11 3Q11 4Q11 1Q12 2Q12 1H11 1H12
Ratio keeps the trend started in 3Q11.
NIM NIM(a) *
• The increasing pipeline of structured
transactions should contribute to improve our
Efficiency Ratio
efficiency through service fees.
78.6% 77.6% 78.6%
71.2% 68.1% • No significant headcount additions are
62.3% 65.1%
forecasted and internal processes are
continuously reviewed looking for optimizing,
excellence and cost reduction.
2Q11 3Q11 4Q11 1Q12 2Q12 1H11 1H12
* NIM(a) adjusts remunerated average assets by repos with equivalent volumes, tenors and rates both in
13 assets and liabilities.

15. Profitability
Net Profit
• Net Profit still reflects the higher risk credit
10.3
7.3 7.5 portfolio originated before 2010.
5.1 5.0
2.4
• Bottom line absorbs allowance for loan losses
R$ million
2Q11 3Q11 4Q11 1Q12 2Q12 1H11 1H12 expenses amounting to R$22.6 million in the
quarter and R$37.0 million in 1H12 (R$103.2
million in 1H11).
-49.4
Return on Average Equity (ROAE) % Return on Average Assets (ROAA) %
7.3 1.0
5.2 0.7
3.6 3.5 2.6 0.5 0.5 0.3
1.7 0.2
2Q11 3Q11 4Q11 1Q12 2Q12 1H11 1H12 2Q11 3Q11 4Q11 1Q12 2Q12 1H11 1H12
-18.9 -2.5
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16. Capital Structure
Shareholders’ Equity Leverage
Expanded Credit Portfolio /
Shareholders’ Equity
566.5 577.5 577.1 590.5 582.4
4.6x 4.8x
4.4x
3.7x 3.9x
R$ million
2Q11 3Q11 4Q11 1Q12 2Q12 2Q11 3Q11 4Q11 1Q12 2Q12
Basel Index (Tier I)
21.3% 21.1%
18.2% 17.5% 17.0% Capital (Tier I) and leverage still
allow healthy portfolio growth.
2Q11 3Q11 4Q11 1Q12* 2Q12
* Operating risk calculation for 1Q12 was adjusted, increasing this risk allocation from R$8.2 million
15 to R$20.2 million, with reduction in Basel Index in that quarter from 18.1% to 17.5%.

17. Ratings
Agency Rating Last Report
Global: BB/ Stable/ B
Standard & Poor’s August 2012
National: brA+/ Stable/ brA-1
Global: Ba3/ Stable/ Not Prime
Moody’s November 2011
National: A2.br/ Stable/ BR-2
FitchRatings National: BBB/ Stable/ F3 July 2012
Index: 10.43
RiskBank July 2012
Low risk to short term
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18. Shares and Capital Distribution
Number of Shares Shareholders Distribution
Class
Common Preferred Total
Individuals Controlling
Paid-up Capital 36,945,649 26,160,044 63,105,693 20% Group
Controlling Group 20,743,333 609,226 21,352,559 34%
Management 277,307 60,125 337,432
Management
Treasury - 734,515 734,515 1%
Free Float 15,925,009 24,756,178 40,681,187 Foreign Treasury
Investors 1%
Free Float 43.1% 94.6% 64.5% 30%
Institutional
Position as of June 29, 2012 Investors
14%
2008 2009 2010 2011 1H12
Outstanding Shares 1 43,000,001 42,048,101 40,466,187 62,358,840 62,371,178
IOE gross amount (R$ million) 25.5 27.0 25.1 27.8 -
IOE gross amount per share (R$) 0.59 0.64 0.61 0.53 -
Price to Book Value 0.38 0.81 0.75 0.73 0.72
Market Value (R$ million) 171.6 348.6 321.7 420.9 417.3
1 Issued Shares (-) Treasury Shares
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19. Share Performance
120
110
100
90
80
70
60
IBOVESPA IDVL4 IDVL4 adjusted for earnings
50
IDVL4 in 2Q12 IDVL4
Maximum Share Price in the period R$ 8.65 Average Daily Volume
Minimum Share Price in the period R$ 6.21 - in June 2012 R$ 168,931
Share Price on Mar 30, 2012 R$ 8.60 - in 2Q12 R$ 117,887
Share Price on Jun 29, 2012 R$ 6.69 - in 12 months R$ 129,281
Change in the period -22.2%
IBOVESPA Change in the period -15.7%
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