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Consolidated Results for the Period Ended December 31, 2001

Consolidated Results for the Period Ended December 31, 2001. Conference Call February 22, 2002. Net Income and Equity. 4Q01. 3Q01. 4Q00. YoY%. QoQ%. Net Income (R$ million) 241 300 183 (19.7)% 31.7% Earnings/1000 shares (R$) 1.72 2.15 1.49 (20.0)% 15.4%

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Consolidated Results for the Period Ended December 31, 2001

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  1. Consolidated Results for the Period Ended December 31, 2001 Conference Call February 22, 2002

  2. Net Income and Equity 4Q01 3Q01 4Q00 YoY% QoQ% Net Income (R$ million) 241 300 183 (19.7)% 31.7% Earnings/1000 shares (R$) 1.72 2.15 1.49 (20.0)% 15.4% Equity (R$ million) 6,072 6,065 5,504 0.1% 10.3% ROAE (%) 16.8 21.9 17.6 - - ROAA (%) 1.7 2.1 1.7 - - Basle Ratio (%) 13.7 13.3 16.5 - - Note: Basle Ratio according to the Central Bank of Brazil.

  3. Managerial Impact of Investments Abroad In R$ million 2Q01 4Q01 3Q01 Exchange rate fluctuation on investments abroad (324.7) 310.6 125.2 Hedge on investments abroad 188.2 (141.8) (46.5) Managerial net impact (136.5) 168.8 78.7 Opportunity Cost (73.8) (75.7) (64.5) Managerial impact of investments abroad (210.3) 93.0 14.2

  4. 2001 2000 Net Income and Equity YoY% Net Income (R$ million) 972 739 31.5% Earnings/1000 shares (R$) 6.95 6.02 15.4% Equity (R$ million) 6,072 5,504 10.3% ROAE (%) 16.8 17.5 - ROAA (%) 1.8 1.8 - Basle Ratio (%) 13.7 16.5 - CAGR = 18.4% 6.95 6.02 Earnings per 1000 shares - R$ 15% 5.57 4.58 4.38 2.99 1996 1997 1998 1999 2000 2001

  5. Managerial Impact of Investments Abroad - 2001 In R$ million 2001 Exchange rate fluctuation on investments abroad 281.9 Hedge on investments abroad(77.9) Managerial net impact 204.0 Opportunity cost (291.3) Managerial impact of investments abroad (87.3)

  6. Loan Portfolio In R$ million YoY% Dec/01 Sep/01 Dec/00 QoQ% General Purpose Lending 12,914 12,647 10,569 2.1% 22.2% 3,291 3,847 3,802 (14.5)% (13.4)% Trade Finance Subtotal 16,205 16,494 14,371 (1.8)% 12.8% Consumer Credit 4,912 4,505 3,422 9.0% 43.5% 495 479 507 3.3% (2.4)% 799 853 948 (6.3)% (15.7)% 2,947 2,505 2,367 17.6% 24.5% Real Estate Leasing Credit Cards Subtotal 9,153 8,342 7,244 9.7% 26.4% Total 25,358 24,836 21,615 2.1% 17.3%

  7. Fininvest/ Credi Luiza and Investcred Loans and Guarantees In R$ million 25,827 16.6% 1.5% Fininvest: R$ 1,690 MM Credi Luiza: R$ 45 MM Investcred: R$ 291 MM 2,026 25,457 1,613 14.9% 23,801 22,148 23,844 1,453 20,695 Sep/01 Dec/01 Dec/00 Unibanco + Bandeirantes Total Growth Note: Investcred and Magazine Luiza consolidated from December 2001.

  8. 16.6% R$ 22.1 Billion R$ 25.8 Billion Retail + 19% Wholesale +16% Loans and Guarantees Breakdown December 2000 December 2001 42% 41% Retail Banking Retail Banking 58% 59% Wholesale Banking Wholesale Banking

  9. Loans and Guarantees Breakdown December 2000 December 2001 R$ 22.1 billion R$ 25.8 billion Individuals 35% Individuals 34% 2% 3% 7% 4% 3% 20% 19% 4% 7% 7% 5% 5% 3% 52% 54% 3% 1% 1% Corporate 66% Corporate 65% Small Companies Large Corporate Credicard Middle Market Commercial Portfolio Cartão UBB Fininvest Companies Private

  10. Credit Quality (Loans and Guarantees) 91% 91% 91% 91% 91% 25,827 25,457 24,901 23,473 22,148 Dec/00 Mar/01 Jun/01 Sep/01 Dec/01 % AA - C Total Portfolio (R$ million)

  11. Over 60 Days Past Due Credits / Total Loans 4.2 4.1 4.1 4.1 3.8 % 3.5 3.4 3.2 3.0 3.0 3.0 2.8 2.8 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01 Unibanco Consolidated Unibanco consolidated excluding Fininvest/ Credi Luiza and Investcred

  12. AA - C Portfolio of Loans and Guarantees 93% 93% 92% 92% 91% 91% 91% 91% 87% 86% 85% 85% 83% 82% 80% 80% Mar/01 Jun/01 Sep/01 Dec/01 Multiple Bank Unibanco Consolidated Cartão UBB/Credicard Fininvest/Credi Luiza and Investcred

  13. Loan Loss Provisions In R$ million 4Q01 3Q01 4Q00 2001 2000 Allowance for loan losses (opening balance) 1,564 1,654 1,172 1,484 972 Expenses with provision for loan losses 489 346 365 1,650 1,242 Balances included/adjusted 38 - 406 38 491 Loan charge-offs (553) (436) (459) (1,634) (1,221) Allowance for loan losses (closing balance) 1,538 1,564 1,478 1,538 1,484 Net write-off / Total loans and guarantees 1.4% 1.3% 1.7% 4.6% 3.8% Loan recovery 180 104 89 440 383

  14. Funding In R$ million Sep/01 Dec/00 YoY% Dec/01 QoQ% Funds in Local Currency 32,492 31,755 29,640 2.3% 9.6% Funds in Foreign Currency 10,775 12,761 10,250 (15.6)% 5.1% Total Funds 43,267 44,516 39,890 (2.8)% 8.5% Assets Under Management 20,398 19,868 20,467 2.7% (0.3)% Total Funds+Assets Under Mgt. 63,665 64,384 60,357 (1.1)% 5.5%

  15. Deposits In R$ million QoQ% YoY% Dec/01 Sep/01 Dec/00 Demand Deposits 2,403 2,295 2,392 4.7% 0.5% Savings Deposits 4,734 4,208 3,706 12.5% 27.7% Interbank Deposits 158 222 199 (28.8)% (20.6)% Time Deposits 11,637 9,741 7,053 19.5% 65.0% Total Deposits 18,932 16,466 13,350 15.0% 41.8% Core Deposits (Demand Deposits + Savings) - R$MM 7,137 6,453 6,164 The industry growth was 8.1% over the last twelve months 6,098 17% 4,373 39% 63% Sep/00 Dec/00 Mar/01 Jun/01 Dec/01

  16. Main Assets & Liabilities in Foreign and Local Currency In R$ million Sep/01 Dec/01 Securities Portfolio - local currency 8,280 7,420 Securities Portfolio - foreign currency 7,075 7,492 Total Securities Portfolio 15,355 14,894 Loan Portfolio (net) - local currency 17,351 16,007 Loan Portfolio (net) - foreign currency 6,469 7,265 Net Loan 23,820 23,272 Deposits - local currency 17,272 14,911 Deposits - foreign currency 1,660 1,555 Total Deposits 18,932 16,466 Notes and debentures - local currency 478 457 Notes and debentures - foreign currency 2,819 3,441 Total Notes and debentures 3,297 3,898 Borrowings and onlendings - local currency 4,331 3,979 Borrowings and onlendings - foreign currency 5,420 6,667 Total Borrowings and onlendings 9,751 10,646

  17. BIS Ratio 2000/ 2001 3Q01/ 4Q01 BIS Ratio (opening ratio) 16.5% 13.3% - Risk average assets growth (3.0)% 0.2% - Changes in the swap credit risk (0.1)% 0.0% - Changes in market risk Foreign exchange position (0.7)% 0.4% Interest rate (0.1)% (0.1)% - Adjusted equity growth 1.3% (0.1)% (mainly net income) - Other effects (0.2)% 0.0% BIS Ratio on December 31, 2001 13.7% 13.7%

  18. 1S01 2S01 2,454 2,932 (815) (835) 1,037 1,148 (1,882) (2,081) 431 541 15.8% 19.1% Consolidated Results In R$ million % Profits from financial intermediation 19% (before loan loss provisions) 2% Loan Loss Provisions 11% Fee Income Personnel & Adm. Expenses 11% 26% Net Income - ROAE

  19. Net Financial Margin 12.6% 12.0% 10.7% 9.9% 1998 1999 2000 2001

  20. Fee Income In R$ million 4Q01 3Q01 4Q00 2001 2000 Tariffs & Commissions 283 273 228 1,073 802 Credit Cards 243 226 180 864 619 Asset Management 62 61 62 248 219 Total 588 560 470 2,185 1,640

  21. Personnel and Administrative Expenses In R$ million 4Q01 3Q01 4Q00 2001 2000 Multiple Bank UBB+Band 615 655 593 2,461 2,020 Multiple Bank ContAtiva 32 29 2 100 2 Sub-Total UBB + Bandeirantes 647 684 595 2,561 2,022 Fininvest (50% up to Nov/00) 115 95 59 393 164 Other Subsidiaries & Affiliates 248 292 239 1,009 816 TOTAL 1,010 1,071 893 3,963 3,002 Unibanco Consolidated, Bandeirantes and Fininvest pro-forma Multiple Bank UBB+Band 647 684 757 2,561 2,637 Fininvest (100%) 115 95 118 393 328 Other Subsidiaries & Affiliates 248 292 239 1,009 816 TOTAL 1,010 1,071 1,114 3,963 3,781

  22. Pro-forma Administrative Expenses In R$ million Multiple Bank UBB + BAND Consolidated 3,963 4.8% 3,781 164 615 (2.9)% 2,637 2,561 615 32.0% 26.6% 3,002 2,022 Pro-forma 2000 2001 Pro-forma 2000 2001 Reported Bandeirantes non-consolidated 50% Fininvest non-consolidated

  23. 615 32 Personnel & Adm. Expenses Main Changes 4Q01 vs. 3Q01 In R$ million ContAtiva -37 -5.4% 655 29 684 3Q01 Multiple Bank + Bandeirantes 647 4Q01 95 3Q01 +20 21.0% Fininvest 115 4Q01 292 3Q01 Other Companies -44 -15.1% 248 4Q01 -61 -5.7% 1,071 Total Consolidated 3Q01 1,010 4Q01

  24. 52.3% Fee Income / Personnel & Adm. Expenses 58.2% 52.7% 1,071 1,010 893 R$ million 588 560 470 4Q00 3Q01 4Q01 Personnel and Administrative Expenses Fee Income Fee Income / Personnel and Administrative Expenses

  25. Efficiency Ratio 64.7% 60.0% 58.4% 58.0% 29,704 28,384 4Q01 2001 4Q00 2000 Efficiency Ratio* Number of Employees (1) (Personnel Expenses + Other Administrative Expenses) / (Net Income from Financial Intermediation + Provisions for Loan Losses + Fee Income + Insurance, Capitalization and Pension Plans Premiums + Changes in technical provisions for insurance, capitalization and private retirement plans + Claims + Private Retirement plans benefits expenses + Selling and other insurance and private and private retirement plans expenses expenses + Credit card selling expenses + Taxes + Other Operating Income - Other Operating Expenses)

  26. Strategy x Product per Client Client Base Organic Growth (ContAtiva) Acquisitions - Bandeirantes - Fininvest - Ponto Frio - Magazine Luiza Cross Selling - DBM - CRM

  27. Organic Growth Plan - ContAtiva Goals for Dec, 2001 16 new branches 35 Corporate-site branches 30 In-Store Branches Attrition : 18 % p.y. Average Activation : 90% 765,000 new accounts Actual in Dec, 2001 19 new branches 54 Corporate-site branches 58 In-Store Branches Attrition : 15 % p.y. Average Activation : 95% 997,269 new accounts

  28. Branch integration fully completed by October 2001 Estimated reduction of 35% of Banco Bandeirantes’ annual costs, was exceeded reaching 42% at the end of 2001 Banco Bandeirantes’ Integration

  29. Scale Gain 13.1 1.1 Client Base - (in millions) 2.9 7.7 3.9 3.0 0,2 0.7 3.7 3.5 5.2 4,9 4.0 01 98 99 00 Note: Includes savings and retirees. In Dec/01 Bandeirantes fully migrated.

  30. Banking Population: Income Distribution 9 million individuals Income > R$ 1,000/month Focus on Household Brands Income < R$ 1,000/month 21 million individuals

  31. Large Companies (Annual Sales > R$100 MM) Segmentation Private Banking (Financial Investment > R$1,000,000) Upper Middle Market Uni Class (R$25 MM < Annual Sales < R$100 MM) (Monthly Income > R$4,000 ) Banco 1 (Virtual Bank) (Montly Income > R$ 800 ) Lower Middle Market (R$5 MM < Annual Sales < R$25 MM) Exclusive Client (R$1,300 < Monthly Income < R$4,000 ) Special Client (R$350 < Monthly Income < R$1,300) Small Business Payroll (Annual Sales < R$5 MM) CORPORATE INDIVIDUALS Private Wholesale Retail

  32. Database Marketing - Number of Products per Client Segment Average Product per Client Jun/00 Jun/01 Dec/01 Uni Class 5.9 5.8 6.1 Exclusive 4.6 4.9 5.3 Special 3.7 3.7 4.2 Total 4.7 4.8 5.2 < 1 year = 4.7 > 1 year = 5.3 Scale = Volume x Transactions

  33. Wholesale Banking Rankings and Market Shares Market Segment Dec/00 Dec/01 Ranking Underwriting RF 19% 19% 1st BNDES onlending 9% 11% 1st BNDES Exim 12% 14% 1st Compror/Vendor 15% 19% 3 rd Market Share Together, Private Banking and UAM will form Wealth Management segment

  34. 68.2 68.7 67.5 68.1 66.2 67.3 66.9 65.5 64.4 63.9 63.0 63.4 55.6 62.3 60.6 60.9 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 4Q01 Insurance Indicators Net Premiums Written - R$ million Combined Ratio - % 23,899 (E) 103.0 2001 1,413 99.6 22,980 106.2 2000 1,148 101.1 Claims - % MARKET UASEG

  35. 2001 Ranking Product 1stFire 1st Ocean Marine 1st Petrochemical 1st Aircraft 1st D & O 1st Extended Warranty 2nd Home Owners Insurance Indicators

  36. Acknowledgement • First Brazilian company to obtain a corporate governance rating: graded 8.4 ranking on a 1 to 10 scale by SR Rating • One of the 4 Brazilian companies selected to join the Dow Jones Sustainability Index (DJSI) • Latin America Top 5 IR Site Award, sponsored by Latin Finance Magazine and MZ Consult.

  37. For further information contact our Investor Relations Area atphone: 5511-3097-1626 / 1313fax: 5511-3813-6182email: investor.relations@unibanco.com.br site: www.unibanco.com (select Investor Relations option)

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