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Investor Relations

Investor Relations. BANCO DO BRASIL. 3Q05 Results. Highlights. R$ million. (1) Equity Income + Other Operating Income (2) Taxes on Revenues + Other Tax Expenses + Other Operating Expenses + Legal Risk. Highlights. R$ million. (1) Past Due Loans + 60 days (2) Annualized. Result Changes.

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Investor Relations

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  1. Investor Relations BANCO DO BRASIL 3Q05 Results

  2. Highlights R$ million (1) Equity Income + Other Operating Income (2) Taxes on Revenues + Other Tax Expenses + Other Operating Expenses + Legal Risk

  3. Highlights R$ million (1) Past Due Loans + 60 days (2) Annualized

  4. Result Changes 1,438 Net Income Changes - R$ million 1,014 565 113 76 60 37 Net Income 2Q05 Net Income 3Q05 (67) (70) (290) Non-Recurring Effects Allowance for Loan Losses Taxes Others NII + Service Revenues Administrative Expenses Profit Sharing Legal Risk

  5. Net Interest Income - R$ million NIM¹ Annualized - % Net Interest Income 9.0 9.0 8.8 8.7 8.4 4,199 4,146 4,086 4,090 3,919 Spread by Credit Portfolio - % 40.4 38.1 3Q04 4Q04 1Q05 2Q05 3Q05 35.9 35.5 33.4 8.7 8.3 8.0 7.9 7.6 7.0 6.1 6.0 5.8 5.8 3Q04 4Q04 1Q05 2Q05 3Q05 Agribusiness Commercial Retail (1) Net Interest Margin - Related to Earning Assets

  6. Volume¹ and Spread Analysis Spread - % 3Q05 - 2.1841 86 4 3Q04 - 2.1370 3,919 190 Volume - R$ million 3Q05 - 192,275 3Q04 - 183,393 Gain due to Volume Gain due to Spread Gain due to Volume and Spread (1) Earning Assets

  7. Loan Portfolio R$ million 3Q04 - % 2Q05 - % 3Q05 - % 11.9 9.5 9.0 19.1 18.6 19.5 33.0 33.5 15.0 15.0 15.8 30.5 23.4 23.4 22.6 Individuals SMEs Businesses Agribusiness Abroad

  8. Quarterly Provision Expenses - R$ million Provision Expenses / Loan Portfolio¹ - % Delinquency and Provision for Credit Risk 4.4 4.3 4.3 4.2 4.2 1,061 1,002 966 868 856 6.4 6.3 6.1 6.1 6.1 3Q04 4Q04 1Q05 2Q05 3Q05 5.9 4.7 4.6 5.4 5.1 3.9 3.2 3.3 3.1 3.1 3Q04 4Q04 1Q05 2Q05 3Q05 Allowance for loan losses / Loan Portfolio - % Past Due Loans + 15 days / Loan Portfolio - % Past Due Loans + 60 days / Loan Portfolio - % (1) Average Portfolio - 12 months and Annualized Expenses

  9. 12.8 12.5 5.2 5.0 6.0 11.3 2.1 0.6 2.0 1.9 99.4 97.9 98.0 98.1 94.8 95.0 94.0 88.7 87.5 87.2 Retail Commercial Agribusiness Foreign Abroad Trade Credit Risk - % 8.5 10.5 10.2 10.4 91.5 89.5 89.8 89.6 Banking Industry¹ 2Q05 3Q05 BB AA-C D-H AA-C D-H (1) Source: Brazilian Central Bank

  10. Service Revenues R$ million Account Holders - million Asset Under Management - R$ billion 21.3 20.9 20.8 295 286 20.0 19.7 286 284 282 150.4 144.8 138.2 124.0 122.5 22.3 21.9 21.2 21.1 20.6 3Q04 4Q04 1Q05 2Q05 3Q05 3Q04 4Q04 1Q05 2Q05 3Q05 (Fees + NII) per account holder¹ - R$ Market Share - % (1) 12 month average

  11. Administrative Expenses R$ million

  12. Productivity Ratios Coverage Ratio¹ - % YTD Efficiency Ratio² - % YTD Efficiency Ratio Change R$ million (1) Service Revenues / Personnel Expenses (2) Administrative Expenses / Operating Income

  13. Pretax Income - R$ million Taxes - R$ million Tax Rate - % Income Tax and Social Contribution

  14. Summing the 3Q05 Results up R$ 1.4 billion Net Income above market consensus, as a result of non-recurring R$ 565 million revenue of undue taxes recovery. • Positive Outlooks • 1.3% growth in the net interest income; • 28.5% increase in the payroll loans - 15.5% market share (13.6% - 2Q05); • 9% NIM at the level of second quarter 2005. • Negative Outlooks • 1.5% reduction in the loan portfolio, against 4.3% growth in the banking industry; • Foreseen rise in the credit risk, especially in the agribusiness portfolio (risk D - H from 6.0% to 11.3%); • Bigger Legal Risk Expenses due to the absence of the reversal accounted in the 2Q05; • Taxes expenses higher 16.9% due to the foreign exchange variation and the lack of tax benefits from interest on own capital accounted in the 2Q05. Numbers compared to the 2Q05

  15. For further information access www.bb.com.br/ri Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° floor 70073-901 - Brasília (DF) Phone: 55 (61) 3310.5920 Fax: 55 (61) 3310.3735 www.bb.com.br ri@bb.com.br Disclaimer- This presentation contains 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, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation.

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