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Disclaimer

The Financial Statements are presented on a consolidated basis for 3Q08 and 9M08and on a “pro-forma” basis for 3Q07 and 9M07. They encompass the financialstatements of the Paraná Banco, its subsidiaries, the Credit ReceivablesInvestment Fund Paraná Banco I, the Credit Receivables Investment Fund ParanáBanco II (“FIDCs”) and the insurer J. Malucelli Seguradora.

Paraná Banco held only a 45% stake in J. Malucelli Seguradora in 3Q07. The “pro-forma” financial statements of this period refer to 100% of the Insurer. They wereprepared based on the accounting practices pursuant to Brazilian Corporate Law,associated with the regulations and instructions issued by the National MonetaryCouncil (“CMN”), the Brazilian Central Bank (“BACEN”) and the Brazilian Securitiesand Exchange Commission ("CVM").

The forward-looking information herein contained is subject to risk anduncertainties and may be altered due to the following factors, amongothers:market behavior, Brazil’s economic and political situation and legal andregulatory changes.This information is fully based on the Bank's Management'sexpectations of its future performance and is, on no account, a guarantee ofresults.

General Overview

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INSURANCE

Surety Bonds

Credit Insurance

Reinsurance

Payroll-Deductible

Payroll-Deductible Credit Card

Consumer Credit

CREDIT

PARANÁ BANCO

IND

IVID

UA

LC

OR

PO

RA

TE

Small and Medium-Sized

Enterprises

Highlights

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44.3%

Credit Portfolio

3Q08 vs. 3Q07

28.0%

Net income

9M08 vs. 9M07

- 0.2 p.p.Delinquency rate

9M08 vs. 9M07

- 2.2 p.p.

Claims ratio

9M08 vs. 9M07

SUSTAINABLE GROWTH AND PROFITABILITY

COUPLED WITH SAFETY AND SOUNDNESS

- 22.9 p.p.

Basel Index

9M08 vs. 9M07

33.0%Total written premiums

JM Seguradora

3Q08 vs. 3Q07

Distribution Channels

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• Strict control over operational and image-related risks

• A singular and innovative distribution channel• Guarantee of exclusiveness• Greater product mix

One new store was opened in in

3Q08: Belo Horizonte;

4 store in operation

OWN STORES FRANCHISES

BROKERSCALL CENTER

96 franchises in operation and

22 under development

24 service sites make up the

current structureA network of 628 brokers

nationwide

• Great capillarity (reach)

• No commissions

• Portfolio protection

• Located in larger cities with higher demand and levels of competition

• Also serve as branch-offices

• Introduction of own teams

• The segment’s most traditional channel

• Highly incremental model

• User-friendly IT system: Brokers’ Portal

• Acquisition of debts

• Refinancing

• Marketing Campaigns

Origination, Commissions and

Alternative Channels

*Alternative channels include Franchises, Own stores and Call Center

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Alternative Channels Evolution Payroll-Deductible Credit

Origination

Segmentation of Payroll-deductable Loan Origination

3%9%

7%10% 21%

28%

31%

30%

41%

3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

637.720

848.046

9M07 9M08

33%

Assets and Net Worth(R$ thousands)

Total Assets Net Worth

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1792

2160 2186

3Q07 2Q08 3Q08

1,2 %

22,0 %

781

806

810

3Q07 2Q08 3Q08

0,5 %

3,7 %

Loan Portfolio

The loan portfolio totalled R$ 1,467.1 million in 3Q08 with quality

improvements

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Risk PortfolioLoan Portfolio

3Q083Q07

1016,5

1416,41467,1

3Q07 2Q08 3Q08

3,6 %

44,3 %

1.065.326

760.884

Market Funding Operations (R$)

9

40%

Funding optionsTotal deposits

713.540

996.087

47.344

69.239

3Q07 3Q08

Total Deposits

Proceeds from acceptances and issue of securities

Summary of Financial Indicators

and Highlights

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Credit portfolio expansion and greater middle market origination

3Q07 3Q083Q07 x 3Q08 2Q08

3Q08 x 2Q08 9M07 9M08

9M07 x 9M08

Income from financial operations 89,408 103,104 15.3% 98,483 4.69% 229,876 288,045 25.3%Expenses from financial operations 37,342 57,193 53.2% 35,918 59.23% 102,475 127,397 24.3%Net income from financial operations 52,066 45,911 -11.8% 62,565 -26.62% 127,401 160,648 26.1%

ROAE 19.00% 9.79% -9,21 p.p. 13.30% -3,54 p.p. 22.10% 11.47% -10,6 p.p.

ROAA 5.40% 3.56% -1,84 p.p. 5.16% -1,48 p.p. 8.10% 4.45% -3,65 p.p.

NIM 19.58% 12.38% -7.2 p.p. 16.20% -3,82 p.p. 16.65% 14.24% -2,41 p.p.

Operating Revenues(Expenses)

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(11.786) 9%

3Q07 3Q083Q07 x 3Q08 9M07 9M08

9M07 x 9M08

Other operating income (expenses) (20,687.00) (20,080.00) -2.9% (70,175.00) (72,912.00) 3.9%

Personnel Expenses (5,205.00) (7,557.00) 45.2% (13,710.00) (19,958.00) 45.6%

Administrative Expenses (28,885.00) (24,356.00) -15.7% (93,406.00) (96,440.00) 3.2%

Transactional taxes (4,558.00) (3,510.00) -23.0% (11,332.00) (11,968.00) 5.6%

Surety Bonds

* Fonte: SUSEP

Surety Bond Market –yearly growthDirect Premiums (R$ thousands)

50%42%37%24% 34% 30%28%27%

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Undisputed leader of the surety

bond market, with a 39% market

share…

... has ROAE of 27.2% in

9M08

27% 28% 24% 34% 30% 37%42%

50%

39%

77.946

98.639

164.550

134.749

205.368

167.642

194.664

346.224324.059

2000 2001 2002 2003 2004 2005 2006 2007 sep/08

J. Malucelli Seguradora Other Insurance Companies

Surety Bonds

Claims and Claims Ratio

• Fonte: SUSEP

13

Accurate risk appraisal is

evidenced by low claims

ratio

Claims ratio indicators show a

healthy situation in relation to the

market

10,4%

1,3%0%

10%

20%

30%

40%

50%

2000 2001 2002 2003 2004 2005 2006 2007 sep/08

Market J. Malucelli Seguradora

5.860

28.199

35.787 32.542

38.273

76.155

29.950

16.146

33.856

196 568 441 393 253

4.025 2.372

6.457

1.688

2000 2001 2002 2003 2004 2005 2006 2007 sep/08

Insurance Claims Market Insurance Claims J. Malucelli Seg.

• Reinsurance market was opened in May 2008

• Operations as a Local Reinsurer started in em June 2008

• Took advantage of the Market reserve

• 100% reinsurance of JM Seguradora’s premiums

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Reinsurance

In four months of operations (Jun/Set 2008),

J Malucelli Resseguradora achieved:

• R$ 44.7 million worth in written premiums

• R$ 2.8 million Net Income

• 12.2% ROAE

• International reinsurance

Corporate Governance

• The Board of Directors approved on July 07, 2008 the end of the

share buy-back program and the write-off of the purchased shares

without a reduction in capital stock. A new program, whose deadline is

July 7, 2009, was then implemented.

• A Level 1 ADR program was authorized by the Board of Directors. It

has been approved by CVM and BACEN and started on August 19,

2008. 95,500 ADRs have been issued.

• The Board of Directors approved on September 30 the payment of

Interest on Equity in the amount of R$ 5.3 million, corresponding to

R$ 0.05 per share.

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Post-3Q08 Situation: Transparency

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DEPOSITS Drop in the Inst. Investors share.

OUR LIQUIDITY

Healthy situation: high solvency rate; a cash reserve

corresponding to at least 20% of total time deposits; low

delinquency rates; top-quality, low-risk credit portfolio.

BACENPositive measures made access to credit lines easier and

minimized the increase in funding costs.

EXTERNAL

FUNDING,

EXCHANGE AND

DERIVATIVES

Balance of external funding: US$ 60 million.

- US$ 20 million partially hedged – 50%

- US$ 5 million – No hedge

- US$ 35 million: 100% swap at 115.75% of CDI

CREDIT OPER.

Lower origination due to prevailing market conditions and

higher funding costs, priority will be given to credit

operations in agreements with better spreads.

Share Price

PRBC4

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Cristiano Malucelli André NacliAdministrative and Investor Relations Officer IR Analyst

Tel: (55v 41) 3351-9950 Tel: (55 41) 3351-9645

Ricardo Rosanova Garcia Mauricio N. G. FanganielloIR Manager IR Coordinator

Tel: (55 41) 3351-9812 Tel: (55 41) 3351-9765

e-mail: ri@paranabanco.com.br

IR Website: www.paranabanco.com.br/ri

IR Contacts

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This presentation may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current expectations and projections regarding future events and financial trends that affect or may come to affect our business. Many important factors may adversely affect the results of Paraná Banco as described in our estimates and forward-looking statements. These factors include, but are not limited to, the following: the Brazilian and international economic situation, fiscal, foreign-exchange and monetary policies, higher competition in the payroll-deductible loan segment, the ability of Paraná Banco to obtain funding for its operations, and amendments to Central Bank regulations. The words “believe”, “may”, “could”, “seek”, “estimate”, “continue”, “anticipate”, “plan”, “expect” and other similar words are intended to identify estimates and projections. The considerations involving estimates and forward-looking statements include information related to results and projections, strategies, competitive positioning, the industry environment, growth opportunities, the effects of future regulations, and the impact from competitors.Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of these estimates arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above, the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates, projections and forward-looking statements contained herein.