Ratings - Você

[Pages:64]Ratings

Global Ratings

Fitch Ratings Individual Short-Term ? Local Currency Long-Term ? Local Currency Short-Term ? Foreign Currency Long-Term ? Foreign Currency

Standard & Poor's Long-Term ? Local Currency Long-Term ? Foreign Currency Short-Term ? Foreign Currency

Moody's Financial Strength Short-Term ? Local Currency Short-Term ? Foreign Currency Long-Term Debt ? Foreign Currency Long-Term Deposits ? Local Currency Long-Term Deposits ? Foreign Currency

National Ratings

Fitch Ratings Short-Term Long-Term

Moody's Short-Term Long-Term

Classification

C/D F3

BBBF3

BBB-

BBBBBB-

B

C P-1 NP Baa3 A1 Ba3

Classification

F1+(bra) AA+(bra)

BR-1 Aaa.Br

Economic Highlights

*Gross formation of fixed capital

Banco do Brasil - The Company - First Half 2009

1

Table of Contents

01. Economic Environment

03

02. Industry Outlook

09

03. Banco do Brasil Positioning

12

04. Banco do Brasil's Shares

15

05. Corporate Governance

17

5.1 Organizational Structure

19

5.2 Risk Management

20

5.3 Regulatory Capital

20

06. Financial Performance

21

6.1 Credit

24

6.2 Securities

28

6.3 Funding

29

07. Client Base and Distribution Channels

30

7.1 Retail

30

7.2 Wholesale

33

7.3 Public Sector

34

08. Cards

35

09. Agribusiness

36

10. Foreign Trade

38

11. Asset Management

40

12. Capital Markets

41

13. Insurance, Pension Plans and Capitalization

42

14. Distribution Network

45

15. Technology Structure

47

16. Human Resources

49

17. Social and Environmental Responsability

50

18. Banco do Brasil Figures

52

Distribution Network Abroad

55

Subsidiaries

59

Contact List

59

Awards

60

Banco do Brasil - The Company - First Half 2009

3

1. Economic Environment

In the first half, the financial crisis had negative effects on the world economy. These effects occurred in a disseminated, unsynchronized form and with different intensity, concentrating above all on developed economies. Although the conditions of liquidity and aversion to risk have improved, the impacts of macroeconomic imbalances, especially on the investment levels and on the trade volume, brought about a loss in the dynamism of the global activity.

In relation to the Brazilian economy, although presenting greater resilience in relation to previous adverse events, the effects of the current crisis are present. For the second quarter, the gross domestic product revealed pullback of the economy, but of less intensity than expected. The highlight consisted of the positive progress of consumption, on the demand side, and of services, from the perspective of supply.

GDP* (R$ billion)

*Until March 2009. ** Total amount in 4 quarters *** Change over the same period of the previous year Source: IBGE (Brazilian Institute of Geography and Statistics)

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Banco do Brasil - The Company - First Half 2009

Unemployment rates*

Source: IBGE *Average of last 12 months

Unemployment rates*

Source: IBGE *Variation over may/2002

Exchange Rate* (R$/US$)

Banco do Brasil - The Company - First Half 2009

5

*Price for dollar sale at the last working day of each year. Source: Econom?tica

IPCA Price Index* ? Annual Change (%)

*Accumulated in the period Source: IBGE (Brazilian Institute of Geography and Statistics)

6

Banco do Brasil - The Company - First Half 2009

Interest Rate (Selic)

Source: Econom?tica

Trade Balance* (US$ million) ? FOB

* Amount in the period Source: Secex (Ministry of Development, Industry and Foreign Trade)

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