the company capa - bb · the ﬁ rst began with its foundation, in 1808, by d. joão vi. the second...

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Leadership Positions

− Total Assets: R$253.0 billion − Account Holders: 22.9 million

− Loan Portfolio: R$101.8 billion − Distribution Network in Brazil 14,804 points of service

− Total Funding: R$168.2 billion − ATM network in Latin America: 40,191 machines

− Asset Management: R$153.5 billion, 20.2% market share − Internet: 7.9 million registered customers

− Export Exchange: 27.0% market share − Cards Revenues: R$29.7 billion

ProÞ le

Today BB is Brazil’s largest bank, being the fi rst to operate in the Country. During its 197 years of existence,

the institution has consolidated its position in the fi nancial market and strengthened its commitment to the

promotion of nationwide development and good Corporate Governance practices. Along the way, Banco

do Brasil has accumulated the knowledge and specialization which sets it apart – especially in its ability

to meet the requirements of all segments in Brazil’s fi nancial market.

Banco do Brasil was the fourth bank in the world to issue currency. Its history can be separated into three phases.

The fi rst began with its foundation, in 1808, by D. João VI. The second phase, in 1851, marked its relaunch by

Barão de Mauá – an occasion on which saw the fi rst share transaction in Banco do Brasil’s shares on the Rio

de Janeiro Stock Exchange. The third phase, in 1892, began after the merger with Banco da República dos

Estados Unidos do Brasil. The shares culminating from this merger started trading on the Rio de Janeiro Stock

Exchange in 1906, being the oldest shares in circulation in the Brazilian equity market.

Currently, the Bank participates in all segments of the fi nancial and capital markets. Investments in

technology, the training of its more than 83,700 employees and the strategy of market segmentation, have

been fundamental in reaffi rming BB as a fl exible, modern and competitive institution, which aligns its

businesses with its commitment to contribute to the development of communities and the Country.

Banco do Brasil has the largest wholly-owned bank branch network in the Country. It has more than 14,800

outlets, distributed over 3,052 municipalities. This increases its business generation potential and helps to

determine the success of its various strategies. Among Brazil’s banks, Banco do Brasil also has the largest

branch network outside Brazil, with a presence in 21 countries.

Mission

To be the solution in services and fi nancial intermediation, to meet the expectations of customers and

shareholders, to strengthen the commitment between employees and the Bank, and to contribute towards the

development of the Country.

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Figures at a Glance

2001 2002 2003 2004 2005

Income Statement (R$ million)

Gross Income from Financial Intermediation 4,869 8,071 10,006 10,208 10,809

Service Revenues 3,76 4,454 5,491 6,607 7,648

Personnel Expenses (5,575) (5,548) (6,812) (7,096) (7,473)

Other Administrative Expenses (3,586) (4,097) (4,514) (5,466) (5,670)

Other Operating Income Items 1,902 309 401 99 1,716

Operating Income 1,370 3,190 4,573 4,607 7,030

Non-Operating Income 79 171 149 130 210

Income Before Taxes 1,449 3,361 4,721 4,738 7,241

Income and Social Contribution Taxes (301) (1,188) (2,067) (1,340) (2,554)

Statutory Profi t Sharing (66) (145) (273) (373) (533)

Net Income 1,082 2,028 2,381 3,024 4,154

Balance Sheet (R$ million)

Total Assets 165,120 204,595 230,144 239,014 252,977

Shareholders’ Equity 8,747 9,197 12,172 14,106 16,850

Loan Portfolio a 49,894 62,900 77,636 88,554 101,789

Deposits 73,436 97,253 110,014 115,532 137,658

Asset Management 61,438 66,153 102,658 124,021 153,507

Shares

Dividends / Interest on Own Capital (R$ million) 265 579 746 954 1,498

Book Value per Share (R$) b 11.95 12.56 16.63 17.65 21.08

Net Income per Share (R$) b 1.52 2.77 3.25 3.78 5.20

Profi tability and Productivity (%)

Return on Shareholders’ Equity 12.9 22.6 22.3 23.0 26.8

Effi ciency Ratio c 71.8 57.9 55.8 54.2 48.1

Coverage Ratio d 67.4 80.3 80.6 93.1 102.3

Other Indicators (In thousands)

Account Holders 13,844 15,391 18,751 21,089 22,907

Service Network e 11.0 12.3 13.2 14.4 14.8

Automated Teller Machine (ATM) 32.3 33.6 37.0 39.0 40.2

Credit Cards 3,829 4,731 5,335 6,918 9,281

Number of Employees 78.1 78.6 78.0 79.7 83.8

a) Includes leasing.

b) BB shares were traded per lot of a thousand shares until January 2004.

c) Administrative Expenses over Operating Income.

d) Revenue from Service Fees over Personnel Expenses.

e) Points of service with automated teller machines only are not included in 2000.


Ratings

Global Ratings

Fitch Ratings Classifi cation

Individual C/D

Short-Term – Local Currency B

Long-Term – Local Currency BB

Short-Term – Foreign Currency B

Long-Term – Foreign Currency BB-

Support 4

Standard & Poor’s Classifi cation

Long-Term – Local Currency BB

Long-Term – Foreign Currency BB

Moody’s Classifi cation

Financial Strength D

Short-Term – Local Currency P-2

Short-Term – Foreign Currency NP

Long-Term Debt – Foreign Currency Ba1

Long-Term Deposits – Local Currency A3

Long-Term Deposits – Foreign Currency B1

Domestic Ratings

FitchAtlanticRatings Classifi cation

Short-Term F1+(bra)

Long-Term AA(bra)

Moody’s Classifi cation

Short-Term BR-1

Long-Term Aaa.Br


Table of Contents

01. Economic Environment

02. Industry Outlook

03. Organizational Structure

04. Group Structure

05. Shareholders

06. Distribution Network

07. Automated Channels

08. Technology Structure

09. Human Resources

10. Corporate Governance

11. Risk Management

12. Customers

13. Credit

14. Retail

15. Wholesale

16. Agribusiness

17. Trade Finance

18. Public Sector

19. Funding

20. Capital markets

21. Asset Management

22. Securities

23. Insurance, Pension Plans and Capitalization

24. Financial Performance

25. Social Responsibility

26. Banco do Brasil Figures

Distribution Network Abroad

Contact List

04

07

09

11

12

14

17

19

20

21

22

23

24

26

28

29

30

30

31

32

33

34

35

37

39

40

43

46


4 Banco do Brasil - The Company

1. Economic Environment

Throughout 2005, the economic environment was characterized by volatility in the fi nancial markets and in oil

prices. On average, economic growth worldwide was favorable, affording satisfactory levels of liquidity and

volume of trade for fi nancing the balance of payments of the emerging economies.

Brazil benefi ted from this world environment. The consecutive records of the trade balance were the main

factor in the structural strengthening of Brazil’s balance of payments (the exports reached US$118.3 in 2005).

This robustness and the favorable conditions in the international market entailed the decision to anticipate the

quittance of debts with the IMF, which was translated into a positive change in Brazilian sovereign risk and a

noteworthy improvement in the solvency indicators.

In the fi scal sphere, the vigor of the result in the primary concept was determinant in offsetting the negative

pressure of the increase in domestic interest rates on public indebtedness. It should also be recorded that the

portion indexed to the dollar was reduced to a minimum level.

In the monetary sphere, infl ation measured by the IPCA showed the third consecutive year in fall and the

second year running in compliance with the targets set by the National Monetary Council. The change in the

general process, benefi ted by the appreciation of the currency, showed the lowest annual fi gure since it started

to be determined. In this context and with expectations of infl ation pointing to convergence with the targets,

the Brazilian Central Bank started a process of gradual fl exibilization of the Selic interest rate from September

onwards. The Selic interest rate ended the year at 18.0% p.y.

Selic showed growth in the last 12 months and a reduction in 4Q05 in relation to 3Q05. The behavior of Selic

is refl ected mainly in securities income and in the expenses with the remuneration of time deposits and money

market borrowing.

In 4Q05, an appreciation of the currency is to be seen in relation to 4Q04 and a depreciation in relation to

3Q05. The dollar ended the quarter quoted at R$2.3407, against R$2.6544 in 4Q04 and R$2.2222 in 3Q05. In

view of its risk management policy of working with low foreign exchange exposure, the volatility of the foreign

exchange rate only brings about effects of a tax nature in the Bank’s results.

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Banco do Brasil - The Company 5

Trade Balance (FOB) (US$ million)

Exchange Rate * (R$/US$)

GDP (R$ billion)



IPCA (Ample Consumer Price Index) - Annual Change (%)

Nominal Interest Rate (Selic) (%)

Brasilian Soverign Risk



2. Industry Outlook

The Brazilian Banking Industry closed 2005 with 158 banks, 24 less than in 2001. This concentration refl ects

not only an increase in the competitiveness of the Brazilian Banking Industry, but also the need of the banks for

larger scales to face lower infl ation levels and interest rates.

Until September 2005, BB kept its leadership in several segments of the Brazilian Banking Industry, such as

funding (Demand Deposits, Savings, Interbank Deposits, Time Deposits and Open Market Funds), Total Assets,

Credit and Quantity of Branches.

Banks in Brazil*

Export Exchange (US$ billion)



Funding (R$ billion)

Demand Deposits (R$ billion)

Branches



Board of Directors Board of Auditors

Bernard Appy Rodrigo Pirajá Wienskoski

Chairman - Federal Government President

Rossano Maranhão Pinto

Vice-Chairman - Federal Government Otávio Ladeira de Medeiros

José Carlos Rocha Miranda Member

Member - Federal Government

Tarcísio José Massote de Godoy Artemio Bertholini

Member - Federal Government Member

Carlos Augusto Vidotto

Member – Minority Shareholders Vicente de Paulo Barros Pegoraro

Francisco Augusto da Costa e Silva Member

Member – Minority Shareholders

João Carlos Ferraz Amaury Patrick Gremaud

Member – Minority Shareholders Substitute

3. Organizational Structure

BB’s management bodies are the Board of Directors, advised by the Audit Committee, and the Executive

Board, made up of the Board of Offi cers (president and seven vice-presidents) and by 22 statutory directors.

The Bank also has a permanent Board of Auditors. As set out in the Corporation Bylaws, or the 2005/2006

mandate, the members of the two boards were elected at an AGM held on April 26, 2005.

The Board of Directors has seven members, with a mandate of one year, and reelection allowed. Of the seven

members, three are indicated by the minority shareholders and the others by the majority shareholder. The

Board of Auditors is made up of fi ve members, including two indicated by the minority shareholders and the

others by the controlling shareholders

In the period, the Board of Directors elected three new vice-presidents for Banco do Brasil: members of staff

Aldo Luiz Mendes to the position of vice-president of Finance, Capital Market and Investor Relations; Antônio

Francisco de Lima Neto, to the position of vice-president of Retail and Distribution; and José Maria Rabelo to

the vice-president of International Business and Wholesale.

Furthermore, the Board of Directors approved the transformation of the Strategy and Organization Unit and

of the Risk Management Unit into statutory directorates, so as to bring about greater equilibrium to the model

of governance and to foster greater agility in the implementation and execution of the Bank’s strategies. It

also approved the change in the subordination of the Security Management Unit, from the vice-presidency

of Technology and Logistics to the Bank’s presidency, so as to improve the dynamics of decision taking on

subjects relating to corporate security.



Organizational Structure of the Commercial Bank Its Main Managers.M

an

ag

em

en

t B

oard

Audit Committe

Internal Audit

Execu

tive B

oard

General Shareholders Meeting

Board of Directors

Board of Auditors

Security

Management Unit

Information

Technology Unit

Software

Development Unit

Executive

Secretariat

Accounting Unit

Investors

Relations

Marketing andCommunication Directorate

Internal Controls Directorate

Legal Directorate

Distribution and RetailChannels Directorate

Micro and SmallBusinesses Directorate

Retail Services Directorate

Foreign Trade Directorate

Commercial Directorate

International Directorate

Logistics Directorate

Technology Directorate

Government AffairsDirectorate

Rural and Agro-industrialBusinesses Directorate

Restructuring of Operational Assets Directorate

Credit Directorate

Controlling Directorate

Finance Directorate

Capital Markets and Investments Directorate

Employee Relations and Social-Environmental

Responsibility Directorate

Human Resources Directorate

President

Vice-president of Rural and

Agro-Industrial Businesses

and Government Affairs

Vice-president of

Finance, Capital Markers,

and Investor Relations

Vice-president of Human

Resources and Social-

Environmental Responsibility

Vice-president of

Retail Service and

Distribution

Vice-president of

International Businesses

and Wholesale

Vice-president of

Technology and

Logistics

Strategy and Organization

Directorate

Vice-president of

Credit Controlling and

Risk Management

Risk Management

Directorate



4. Group Structure

As a multiple bank, Banco do Brasil is specialized in market segments. The companies that form BB’s

Conglomerate supplement the Bank’s products and services portfolio and allow it to provide adequate banking

and fi nancing solutions to its customers. BB’s Investment Bank – BB BI – also has strategic partnerships with

affi liated companies.

Multiple Bank

Wholy Owned Subsidiries

AfÞ liated Companies

CobraBB-99.36% ON

BB LeasingBB-100% ON

BB Corretorade SegurosBB-100% ON

Banco Popular do Brasil

BB-100% ON

BB DTVMBB-100% ON

BB VIENABB-100% ON

BB LeasingBB-100% ON

BB CartõesBB-100% ON

BB ConsórciosBB-100% ON

BB Securities LLCBB-100% ON

BAMBBB-100% ON

100% total

BB PrevidênciaPrivate Pension Fund Ma-

nagement

BB SecuritiesBAMB - 100% ON

BB TurismoBAMB - 99.996% ON

Clearings

CIP 9.8%

BMF Asset

BMF Derivates

BMF Foreign Exchange

CBLC 1.59%

BrasilcapBB-BI 49.99% ON

BrasilprevBB-BI 49.99% ON

Aliança do BrasilBB-BI 40% ON

BrasilsegBB-BI 40% ON

BrasilsaúdeBB-BI 49.92% ON

SBCEBB-BI 12.088% ON

Brasil VeículosBrasilseg 100% ON

Visa ValeBB-BI 35% ON

VisanetBB-BI Classe A 35%

Classe B 28,76%

total 31.99%

Ativos S.A.BB BI - 49% ON

BAMB - 51% ON

BB BIBB-100% ON



5. Shareholders

On December 31, 2005, Banco do Brasil’s paid-up capital amounted to R$10,797,336,780.83, composed of

810,617,415 ordinary shares, without nominal value. Its distribution is shown in the table below.

Shareholders %

National Treasury 72.1

Previ 13.9

BNDESPar 5.7

Free Float 6.9

Individuals 2.6

Companies 0.9

Foreign Investors 3.4

Subtotal 98.6

Treasury Stocks 1.4

Total Shareholders 100.0

Range of shares owned No. Shareholders % Shareholders Qty. Shares % Qty. Shares

1 to 10 178,841 67.1 639,837 0.1

11 to 50 58,631 22.0 1,325,639 0.2

51 to 100 11,226 4.2 804,567 0.1

101 to 1000 14,792 5.5 4,284,714 0.5

Over 1000 3,180 1.2 803,562,728 99.1

Total 266,670 100.0 810,617,485 100.0

Total Free Float Distribution (%)



Warrants

In 1996, on the occasion of BB’s capital increase, three series of warrants were issued: A, B, and C, maturing

in 2001, 2006, and 2011, respectively. The exercise price for these warrants was established at R$8.50, with

readjustment by the IGP-DI. On 03.01.2006, the updated price was R$21.69.

The warrants in series B and C present the following characteristics after the Public Offer for Acquiring

Subscription Warrants and Private Placement:

Warrants Code Quantity Exercise Price* R$

Series B BBAS 12 15,993,142 21.69

Series C BBAS 13 27,028,746 21.69

* Updated up to March 2006 by the Price Index (IGPDI)

Performance Ratios 2001 2002 2003 2004 2005

ROE (%) 12.9 22.6 22.3 23.0 26.8

Net Income per Share (R$)* 1.52 2.77 3.25 3.78 5.20

Book Value per Share (R$)* 12.29 12.40 16.63 17.65 21.08

Price/Book Value 1.01 0.73 1.44 1.84 2.00

* BB shares were traded per lot of a thousand shares until January 2004.

The Ibovespa (São Paulo Stock Exchange Index) increased 119.3%, from December 2000 to December 2005,

while BB’s shares, (ticker symbol BBAS3), increased 819.9% in the same period.

BBAS3 X Ibovespa since December 2000



In a simulation, based on the premises that before 2011 there will be no additional capital increases and that

the total amount of warrants “B” and “C” will be exercised on maturity, the expected dilution of BB’s capital, as

per the table below, is 5.4%, of which 2.0% arising from the exercise of warrants B and 3.4% from the exercise

of the warrants C.

Conversion:

1 Warrant = 1.043933 share

Total of the Capital = 810,617,415

Expected Dilution of the Capital

Warrants Qty of Warrants Qty of Shares Dilution of the Capital - %

Series B 15,993,142 16,695,769 2.0

Series C 27,028,746 28,216,200 3.4

Total 43,021,888 44,911,969 5.4

6. Distribution Network

At the end of 2005, Banco do Brasil’s own service network in Brazil comprised 14,804 points, 2.4% growth

in relation to 2004. Segmented in accordance with the markets defi ned by the Bank – Retail, Wholesale and

Government -, this network was distributed over 3,052 municipalities, all over the national territory. The number

of full-service branches increased from 3,722 in 2004 to 3,894 in 2005.

Distribution Network



* Others include the following Points of Service:

PAA – Advanced Service Post: these are points of service intended for towns without a bank. They have a small staff and

automated teller machines;

PAB – Banking Service Post: this type of unit is located inside the premises of companies or government offi ces. This service

requires one employee and automated teller machines;

PAE – Electronic Service Post: the structure of services is exclusively automatic;

SAA – Self-Service Room: exclusively electronic installed in the main areas of the branches and

PAP – Payment and collection post: located mainly in government offi ces (town halls) for carrying out receipts and payments.

Employees and automated teller machines provide the service.

The Bank ended the period with the largest service network abroad of all Brazilian banks. Present in 21

countries, this network is responsible for business all over the world, with its 17 branches, 8 sub-branches, 8

business units and representative offi ces and 5 subsidiaries.

Points of Service




Branches Sub-Branches Business Units Subsidiaries

Amsterdam Cascais Caracas Banco do Brasil AG

Assunción Gifu Mexico City Banco do Brasil Securities LLC

Buenos Aires Gunma* Hong Kong BB Leasing Company Ltd,

Ciudad del Este Hamamatsu* Lima BB Securities Ltd,

Frankfurt Ibaraki Luanda BAMB Brasilian American Merchant Bank

Grand Cayman Nagano Roma

La Paz Nagoia* Shangai

Lisbon Santa Cruz de La Sierra Washington

London Seul**

Madrid Dubai**

Miami

Milan

New York

Panama City

Paris

Santiago

Tokyo

* Sub-Branche being transformed in Branch,

** Unit in process of instalation

For more information on BB’s Distribution Network Abroad, refer to the last pages of this report.



7. Automated Channels

To increase the customer’s convenience and security in accessing his/her account, Banco do Brasil offers

various complementary channels: ATM, Internet, telephone, fax, POS, call center and mobile banking, besides

a network of banking correspondents. The transactions carried out using these channels added up to R$3.8

billion, which means 89.2% of the total of the transactions carried out by BB customers.

BB has the largest own ATM network in Latin America – 40,191 machines. This network accounted for 2.1

billion transactions, which represents 48.3% of the total of the transactions carried out by means of the

complementary channels.

Initiated in February of 2005 as a test pilot in the cities of Brasilia, Curitiba and Recife, the sharing of the

external ATM and lottery house networks between BB and Caixa Econômica Federal – CEF, was expanded to

22 states, covering 2,583 municipalities as from September 2005. This initiative promotes greater convenience

for the customers of the Banks through 7,113 shared points of service, where over 3.1 million transactions were

carried out and over R$128 million turned over in the year.

Transactions in Automated Channels (%)

Automated Teller Machines (ATMs)



Banco do Brasil continues to be the leader on the Internet. At the end of 2005, the number of customers

enabled to carried out transactions through bb.com.br reached 7.9 million. Individual customers carried out

over 550 million transactions by means of Internet, 10.5% more than in 2004.

Breakdown of Transactions

Internet Registered Customers (in millions)



8. Technology Structure

Banco do Brasil’s technology processing capacity increased, since 2001, 623%, reaching 76,276 million

information per second (MIPS). At the end of 2005, the storage capacity totaled 399 Terabytes.

Processing Capacity in MIPS*

Storage Capacity in Terabytes



9. Human Resources

Banco do Brasil understands that its workforce is decisive for the Company’s success. Accordingly, more than

R$100.0 million were invested in training and qualifi cation of employees in 2005.

Level of Education (%)

Tenure (%)

Workforce



10. Corporate Governance

Banco do Brasil constantly evaluates its Corporate Governance practices aiming to improve the principles

and mechanisms which ensure the good management of the Institution. As a result, various projects have

been developed within the Bank, concentrating on analysis of the following points: shareholder composition

structure; rights of shareholders and relationships with stakeholders; transparency and auditing; administrative

structure and effectiveness.

Among the commitments assumed and incorporated into BB’s bylaws, forming part of the corporate routine,

are: the holding of at least one meeting a year for market analysts; the publishing of information through the

Internet; the publication of fi nancial statements in English; and the adoption of a unifi ed mandate of one year

for the Board of Directors and the Audit Board.

Decisions, at any level within the Company, are taken jointly. With the purpose of involving all the executives in

the defi ning of strategies and the approval of proposals for the different businesses of BB, the management

uses committees, subcommittees and commissions at a strategic level, which ensure fl exibility, quality and

safety in the decision-making process.

Within its scope of competence, the Board of Directors discussed and approved various items in 2005, always

with the aim of strengthening the management practices of the Institution and guiding its actions with a focus

on sustainability.

With the aim of strengthening the Corporate Governance practices adopted by the Bank, among the initiatives

approved by the Board of Directors, it is worth mention: the publishing of an annual events calendar, already

present on the Bank’s Investor Relations website, and the creation of Banco do Brasil’s Corporate Governance

Code – still in the development phase.

Age Braket (%)



Regarding the relationship with its shareholders and with the market, BB carried out 8 meetings with capital markets

analysts. Other 62 meetings with investors and capital markets analysts, 3 road shows and 7 events in the United

States and Europe, besides 8 results’ conference calls with analysts (4 in Portuguese and 4 in English).

It is worth drawing attention to the efforts made in increasing the transparency of the Bank, refl ected in the

Second Banco do Brasil National Meeting for analysts and investors, in which 450 analysts, investors, customers

and shareholders took part, in an open debate with the Bank’s Board of Directors.

11. Risk Management

With the integration of the structure for managing the conglomerate’s market, liquidity, operational and credit

risks, the Risk Management Directorate became responsible for the global management of risks. This integration

is bringing about, amongst other aspects, greater precision in the measurement of risks and a better allocation

of capital, observing the New Basel Accord, by generating an increase in the synergy of processes and of the

degree of specialization.

The Global Risk Committee (GRC) is responsible for the integrated management of the Bank’s risk, defi ning

exposure limits, contingency plans and risk measurement models. Liquidity and market risks in Banco do Brasil

is oriented by scenario analysis, considering stress situations.

Assets and Liabilities Committee

Global Risk Committee - GRC

Credit Risk Committee

Analyswes and porposes measures

about:

• credit risk management

• credit risk level exposure

• credit risk models and

contingency plans

Analyswes and porposes

measures about:

• assets and liabilities

management and models

• liquidity and market risk level

exposure

• liquidity and market risk

management and models

• appropriate liquidity levels and

contingency plans

Credit Risk Committee

Analyswes and porposes measures

about:

• operational business enviroment

legal and image risks

management

• operational level exposure

• operational models and

contingency plans



BB has been preparing itself to use advanced in-house models for the allocation of capital as a function of the

risks, as provided for in the New Basel Accord and in Bacen Communication 12,746, of 12.09.2004.

12. Customers

BB has maintained its leadership in the banking industry in customer base. The Bank ended 2005 with 22.9

million customers – 21.5 million individuals (increase of 1.8 million account holders) and 1.4 million businesses.

Furthermore, the Bank attends to over 7.9 million non-account holders – 5.5 million savings customers and 2.4

million INSS benefi ciaries.

Global Risk Pyramid



13. Credit

BB’s loan portfolio surpassed the R$100 billion mark, growing 14.9%. This performance was driven by retail

transactions with payroll loans, which reached R$3.8 billion, with an evolution of 157.9% in 2005, and by the

transactions in agribusiness, reaching the balance of R$35.7 billion.

The transactions rated at risk levels AA, A, B and C accounted for 90.6% of BB’s portfolio, compared to 92.1%

in 2004. In the Brazilian banking industry, this level was 89.9%. The overdue ratio, which encompasses the total

of past due transactions over the total portfolio, reached 5.6%.

Loan Portfolio by Level of Risk

R$ million

2004 2005*BI %

Balance Allowance Comp. % Balance Allowance Comp. %

AA 17,100 - 19.3 18,400 - 18.1 25.0

A 25,153 126 28.4 29,174 146 28.7 38.1

B 27,962 280 31.6 31,364 314 30.8 16.7

C 11,338 340 12.8 13,302 399 13.1 10.0

D 2,494 249 2.8 3,413 341 3.4 3.5

E 831 249 0.9 1,175 352 1.2 1.4

F 499 249 0.6 727 364 0.7 1.0

G 412 288 0.5 804 563 0.8 0.9

H 2,764 2,764 3.1 3,422 3,422 3.4 3.3

Total 88,554 4,546 100.0 101,781 5,901 100.0 100.0

AA-C 81,553 746 92.1 92,240 859 90.6 89.9

D-H 7,000 3,799 7.9 9,542 5,043 9.4 10.1

* Banking Industry - Preliminary data for december 2005

BB�s Loan Portfolio Composition



14. Retail

The Retail Pillar is responsible for serving individuals and micro and small-sized companies, which have an

annual turnover up to R$10 million. In the fi rst half of 2005, the retail loan operations reached R$30,046 million

which represented an increase of 18.5% in relation to the same period of the previous year.

Individuals

In the relationship with its individual customers, BB acted on six relationship levels in 2005: Banco Popular do

Brasil, Pessoa Física, Preferencial, Exclusivo, Banco do Brasil Estilo and Banco do Brasil Private.

Retail Segmentation

Direct Consumer Lending (CDC), the main product intended for individual customers, reached 8.5 million

contracts, with special mention of the BB Payroll Loans line, which reached 1.7 million contracts at the end of

2005 – growth of 184.1% in relation to the previous year.



Also to be highlighted is the 34.8% growth in the quantity of credit cards issued, its base went up from 6.9

million in 2004 to 9.3 million at the end of 2005.

Banco Popular do Brasil

Banco Popular do Brasil has deepened its work on banking inclusion for the lower income segment of Brazilian

society. Over 1.6 million loan transactions were carried out in 2005, totaling a balance of R$157.4 million.

The network of Banco Popular, made up of 5,239 points of service, of which 525 points of its own and 4,714

appointed ones, 21.3 million transactions were carried out for receiving bills and contractual payments, with a

turnover of more than R$661 million over the year.

BB Consórcio - Consortiums

In 2005, BB Consortiums reached a 6% market share, with over 200 thousand active quotas. Of these, 40

thousand are from the automobile segment and 130 thousand for electrical and electronic goods. With just one

year of sales, BB Consortiums already features amongst the fi rst places in Brazilian Central Bank ranking, in

all the segments in which it acts.



15. Wholesale

In the Wholesale market, BB is structured to serve the medium and large companies and the Corporate

segment. The Bank ended the period with 86 points of service – 68 Business Branches and 18 Corporate

Branches –, serving all the regions of the country. The balance of Wholesale operations reached R$22.7

billion in 2005, a growth of 18.9% in relation to the previous year.

Distribution Network - Wholesale

Small and Micro Enterprises (SME)

The credit volume approved and available for SMEs was R$20.7 billion at the end of 2005, 16.2% higher than in

the previous year. The balance used for this segment exceeded R$15.2 billion. Compared to the R$13.2 billion

recorded in 2004, this represents growth of 15.4%.

Prominent amongst the working capital lines intended for SMEs are BB Giro Rápido, BB Giro 13th Salary and

the Advance on Credit to Storekeepers (ACL). The BB Giro Rápido balance surpassed R$3.9 billion, increase

of 13.4% in relation to 2004.



16. Agribusiness

As the largest fi nancier of Brazilian agribusiness, Banco do Brasil reaches all the segments, from the small

farmer to the major industrial companies. The growth of BB’s Agribusiness loan portfolio was 18.9% in 2005,

closing the period with a balance of R$35.7 billion. The table below shows the evolution of the funds granted

to the agribusiness sector in the last 5 years.

Family Farming Program

Family farming, which includes small and medium-sized producers, represent the majority of farmers in Brazil.

These farmers are more focused on producing primary goods for the domestic market. The Federal Government

created specifi c programs to support family farming, such as the Family Farming National Program (Pronaf),

aimed at making credit available to this segment. In 2005, these transactions totaled R$4.3 billion, growing 13%

in relation to 2004.



17. Trade Finance

In 2005, Brazil showed consecutive records in the trade balance and closed the year with US$118.3 billion in

exports carried out. In the same period, BB also surpassed its historical marks and kept itself in the leadership

as fi nancier and supporter of foreign trade.

The main products of the foreign trade loan portfolio are Advances on Exchange Contracts – ACC and Advances

on Export Contracts – ACE, which reached a contracted volume of US$11.9 billion in 2005, compared to

US$9.0 billion in 2004 – growth of 31.6% and 35.3% market share.

In the Foreign Exchange Market, BB contracted US$34.2 billion in Export Exchange transactions, against

US$25.9 billion in 2004. This performance kept BB’s leadership position in this market, with a 27.0% share.

ACC/ACE (US$ billion)Contracted Volume

Export Exchange (US$ billion)

18. Public Sector

In the relationship with the Federal, State and Municipal Governments, Banco do Brasil appears as one of

the main partners in the implementation of policies, programs and projects focusing on regional and national



development. In addition, it has developed solutions that seek to satisfy specifi c needs in the public sector and

all its network, helping not only the daily routine of the public administrator, but also his or her workers, suppliers

and other citizens.

An example of the strength of this relationship is BB’s leading position in the collection of taxes, achieved

by the development of systems that facilitate payment on the part of contributors. In the year, by means of

payment cards of the federal government, R$23 million was turned over by the 7.3 thousand or so authorized

public servants. With the corporate cards of states and municipalities, in the same period R$32 million was

turned over by about 18 thousand authorized public servants.

In addition, in acting as an agent of public policy Banco do Brasil has its profi tability ensured through the

prior allocation of the funds and proper remuneration. In Government programs, the Brazilian Treasury pays

the Bank, in the form of equalization, the difference between the rate charged to the taker of the credit and

the costs of the funds, administration and tax costs and capital remuneration, in accordance with article 5 of the

company’s By Laws.

19. Funding

The credibility of Banco do Brasil allied with its broadly distributed network allowed BB to maintain its leadership

in funding, ending 2005 with a balance of R$168.2 billion.

Funding (R$ million) 2001 2002 2003 2004 2005

Demand Deposits 18,831 18,319 20,498 28,991 35,802

Savings Deposits 21,242 22,639 26,578 31,069 32,844

Time Deposits 29,142 33,588 49,558 49,665 63,495

Interbank Deposits 4,220 3,876 7,275 5,768 5,383

Investment Deposits - - - 38 134

Money Market Borrowing 43,753 37,508 46,478 44,527 30,508

Total 117,188 115,930 150,387 160,059 168,166



20. Capital Markets

In the domestic market, Banco do Brasil has a strategy of offering complete solutions to the issuing companies,

integrating their commercial activities with the capital market products and services, using its knowledge of

these customers needs.

In the fi xed interest segment, Banco do Brasil acted in the debenture transactions of Coelba, Telesp Par, Itaú

Leasing, Cosern, Aços Villares, Termopernambuco, Gafi sa, Copel, Telemar Par, and was the Lead Coordinator

in the three last transactions. BB’s participation in this market added up to R$1.1 billion.

In Equity Market, BB took part in the Public Share Offers of América Latina Logística – ALL, Submarino, Gol

Linhas Aéreas Inteligentes, TAM Linhas Aéreas, EDP, PIBB, Nossa Caixa, Tractebel and UOL. In the retail stock

market, 165 thousand trades were carried out – 99.3 thousand through out Internet – with a total fi nancial

volume of R$1.4 billion.

In February, the launch of the BB Real Estate Investment Fund marked the Bank’s entry into the segment of

funds linked to real estate assets, with the distribution of R$123.5 million to investors, thus complementing the

basket of investment products offered to individual customers.

At the end of 2005, the shareholders base managed by BB reached some 3.4 million shareholders. BB closed

the year in 3rd place for the total of assets in custody, with a volume of R$180 billion; amongst its customers

there are pension funds, insurance companies, asset managers and corporate customers.

In the international market, at the end of June, the Bank announced the launch of the BB Securities brokerage

house in New York. With a presence in NY since 1969, the Bank, besides offering traditional structured and

foreign trade transactions, will now attend to Brazilian companies in the American capital market.

Its foreign borrowing demonstrates that Banco do Brasil’s credibility goes beyond the national borders, making

BB a very attractive investment in the international capital markets for foreign investors.

In January 2006, the Bank prepared the fi rst issues in perpetual securities market. This issue totaled US$500

million, higher than previous US$200 million and sustained the success of the issue whose demand overcame

US$4.2 billion. The issue attracted the Asiatic, European and American markets.



Foreign Borrowing

Issue Date

Volume in US$ million

Term in years

Cupom(%)

Interest Interval

Issue price

Return for the

Investor (%)

Premium over

TreasuryRating Program

06.09.97 200 10 9.375 Half-yearly 99.2190 9.500 287 Ba3 GMTN

08.10.01 300 5 7.875 Quarterly 99.6850 7.990 375 BBB Dekasseguis

12.27.01 450 7 7.890 Quarterly 100.0000 7.890 325 BBB/Baa1 MT 100

07.03.02 300 7 L3M+0.60 Quarterly 100.0000 5.013 *266 AAA/Aaa MT 100



07.10.03 178 8 5.911 Quarterly 100.0000 5.955 350 BBB+/Baa1 Visanet

07.10.03 45 8 4.777 Quarterly 95.0000 5.955 350 BBB+/Baa1 Visanet


09.20.04 300 10 8.500 Half-yearly 99.1740 8.625 447 Baa1 Subor. Debt

12.17.04 **73 3 zero-cupom - 62.0385 17.250 ***180 - GMTN

01.23.06 500 Perpetual 7.950 Quarterly 100.0000 7.950 Ba1Perpetual Securities

* 492 basis points over Libor

** amount in US$ equivalent to R$200 million, PTAX 2.75080

*** preliminary calculation in R$ with swap into US$

21. Asset Management

At the end of 2005, assets managed by BB’s wholly owned subsidiary BB Administração de Ativos – Distribuidora

de Títulos e Valores Mobiliários (BB DTVM) totaled R$153.6 billion. This amount represented a market share of

20.2% and also allowed BB DTVM to continue as the largest asset manager in Latin America. BB DTVM has

maintained its leadership position since 1995.



22. Securities

BB’s securities portfolio totaled R$66.5 billion, a decrease of 9.5% in relation to the previous year.

Securities Portfolio

Balance (R$ million) 2002 2003 2004 2005

Available for trading 3,585 16,095 13,163 3,077

Available for sale 41,303 28,307 32,790 37,832

Held to maturity 25,763 24,821 26,951 25,275

Derivatives 292 368 581 287

Total 70,943 69,590 73,485 66,470



23. Insurance, Pension Plans, And Capitalization

Through its participating interests in associated insurance, pension plan and capitalization companies, and

with the intermediation of BB Corretora de Seguros e Administradora de Bens S.A., Banco do Brasil has

maintained its strategy of developing and expanding the consumption of products and services from these

segments with its customers. In the year, these businesses grew up 17.8% in relation to 2004.

Insurance

The automobile insurance portfolio of Brasilveículos Cia. de Seguros reached R$735.5 million in retained

premiums, showing growth of 19%. The fl eet insured grew 1.8% and exceeded 625 thousand vehicles.

Also worth highlighting is the launch of BB Economic Auto Insurance in April 2005. This product is aimed at

protecting Brazilian passenger cars manufactured between 10 and 20 years ago. At the end of the period, it

recorded over 6 thousand vehicles insured.

Automobile Insurance



Cia. de Seguros Aliança do Brasil has a diversifi ed portfolio of products, made up of 20 types of insurance

from the life and basic lines, and offers solutions that meet the needs of individuals and businesses.

With over 2.2 million lives insured, it took 2º place in Susep’s ranking in December 2005. In rural insurance,

Aliança do Brasil is the largest insurer in the country, with a 45.6% market share.

Pension Fund

Brasilprev is a supplementary pension plan company of Banco do Brasil, in association with the Principal

Financial Group and Sebrae. Founded in 1993, it actually started marketing its products in 1995. These include

the traditional, PGBL and VGBL plans. The company is currently ranked third in the pension plan market.

The number of active participants plans grew 11.7% in 2005, surpassing the mark of 1.5 million participants.

Sales from January to December 2005 corresponded to R$2.2 billion, representing an increase of 6.3% in

relation to 2004.



Capitalization (Annuity Plans)

Brasilcap expanded its portfolio by 27.0%, compared to 2004. The quantity of plans went up from 2,792

thousand in 2004 to 2,949 thousand in 2005. The company maintained its leadership in the market, with a

25% share.

24. Financial Performance

Banco do Brasil’s showed net income of R$4.2 billion in 2005 and a return on equity of 26.8%, which corresponds

to R$5.2 of earnings per share. This result, the greater of the Bank history, was reached in a sustainable form,

conciliating its role as an agent of social and economic development and a Bank that operates in highly

competitive market.

Capitalization



25. Social Responsibility

In its strategic positioning, Banco do Brasil integrates the aspects of sustainability – economic, social and

environmental – in such a way to guarantee the long-term creation of value.

The Bank’s engagement with the principles of social and environment responsibility has been part of its history.

From this perspective, the Bank’s relationship with its stakeholders – staff, collaborators, suppliers, partners,

customers, creditors, shareholders, competitors, community, government and environment – is a constant

topic in BB’s strategic and operational decisions.

This commitment came to be taken up more systematically with the creation of the Staff Relations and

Socioenvironmental Responsibility Unit, later transformed into a Statutory Directorate (May 2004), and with

the setting up of an interdisciplinary team, called the RSA Group, made up of representatives from all the

areas of the Bank, created to disseminate the theme throughout the organization.

One example is the gradual incorporation of socioenvironmental sustainability indicators into BB’s tableaux for

strategic and operational accompaniment. It is through these that the Bank’s contribution to sustainable development

will be evaluated and the socioenvironmental impacts of its work accompanied, allowing this view to permeate

its administrative and business practices.

In June 2005, BB’s fi rst Socioenvironmental Responsibility Workshop was held; it brought together 60 of the

Bank’s senior executives and resulted in bringing up to date a series of actions (2006 – 2007 Banco do Brasil’s

Agenda 21) to be carried out by BB’s departments, for the organization to attain its vision for the future of

“being the benchmark bank in socioenvironmental responsibility and in fi nancing sustainable development in

Brazil”.

In December, a new page was launched on the Internet - http://www.bb.com.br/appbb/portal/bb/rsa/index.jsp

- showing Banco do Brasil’s posture in socioenvironmental responsibility. Throughout this channel, the Bank’s

main socioenvironmental responsibilities can be known, as well as what is being done about them.



26. Banco do Brasil Figures

R$ million

Balance Sheet Items 2001 2002 2003 2004 2005

Assets 165,120 204,595 230,144 239,014 252,977

Available funds 5,667 11,582 10,789 15,494 5,828

Short-term interbank investments 12,614 17,764 33,407 16,453 28,996

Marketable securities 62,464 70,943 69,59 73,485 66,470

Securities available for trading - 3,585 16,095 13,163 3,077

Securities available for sale - 41,303 28,307 32,790 37,832

Securities held to maturity - 25,763 24,821 26,951 25,275

Financial derivatives - 292 368 581 287

Interbank accounts 8,610 18,178 18,666 22,106 24,404

Intrabank accounts 34 270 34 147 121

Loans and leasing 40,225 51,407 65,591 74,823 85,942

Public sector 3,978 5,617 4,364 4,161 3,730

Private sector 38,432 48,993 65,207 75,773 88,551

(Allowance for loan losses) (2,185) (3,202) (3,980) (5,110) (6,339)

Leasing 72 62 13 20 20

Other receivables 30,786 29,784 27,309 31,198 35,108

Tax Credit 12,206 11,847 9,406 8,396 6,687

Other assets 273 254 233 228 509

Permanent assets 4,374 4,350 4,513 5,059 5,580

Liabilities and Shareholders’ Equity 165,120 204,595 230,144 239,014 252,977

Deposits 73,436 97,253 110,014 115,532 137,658

Demand deposits 18,831 24,342 27,140 28,991 35,802

Savings deposits 21,242 26,918 27,425 31,069 32,844

Interbank deposits 4,220 3,876 7,275 5,768 5,383

Time deposits 29,142 42,117 48,173 49,665 63,495

Investment deposits - - - 38 134

Money market borrowing 43,753 48,327 40,063 44,527 30,508

Funds from acceptances and securities placed 1,161 1,053 1,637 776 3,166

Interbank accounts 28 74 17 6 980

Intrabank accounts 880 1,366 1,834 1,725 1,973

Borrowing 9,033 13,432 9,982 16,565 4,858

Foreign borrowing 9,033 13,432 9,982 16,565 4,858

Domestic onlending – offi cial institutions 4,663 5,921 7,458 10,611 13,370

Foreign onlending 2 2 2 2 -

Financial derivatives - 743 533 523 571

Other accounts payable 23,328 27,123 46,306 34,508 42,918

FCO (Subordinated Debt) 3,315 4,180 4,991 6,833 7,840

Unearned income 90 102 126 134 125

Shareholders’ equity 8,747 9,197 12,172 14,106 16,850



RS million

Income Statement 2001 2002 2003 2004 2005

Financial Intermediation Income 19,417 36,727 33,625 30,572 33,065

Loans 10,625 13,828 16,167 17,086 19,200

Leasing 109 106 83 89 131

Securities 5,558 13,94 15,801 11,308 12,419

Financial Derivatives - (1,664) (547) (318) (385)

Foreign Exchange Portfolio 2,021 8,282 439 1,095 11

Compulsory Investments 1,103 2,234 1,682 1,313 1,689

Financial Intermediation Expenses (14,548) (28,655) (23,618) (20,364) (22,255)

Money Market Funds (9,547) (13,617) (17,497) (12,978) (15,246)

Borrowing, Assignments and Onlending (3,462) (12,030) (2,856) (2,865) (1,602)

Allowance for Loan Losses (1,539) (3,009) (3,265) (4,521) (5,407)

Gross Income from Financial Intermediation 4,869 8,071 10,006 10,208 10,809

Other Operating Income (Expenses) (3,499) (4,881) (5,433) (5,601) (3,779)

Service Revenues 3,76 4,454 5,491 6,607 7,648

Personnel Expenses (5,575) (5,548) (6,812) (7,096) (7,473)

Other Administrative Expenses (3,586) (4,097) (4,514) (5,466) (5,670)

Taxes (686) (820) (1,128) (1,469) (1,721)

Equity Int, in the Results of Subs, and Affi l, 1,601 2,304 (642) 46 (67)

Other Operating Revenues 4,307 1,679 6,553 5,824 7,623

Other Operating Expenses (3,320) (2,854) (4,382) (4,048) (4,120)

Operating Income 1,37 3,19 4,573 4,607 7,030

Non-operating Income 79 171 149 130 210

Income Before Taxes 1,449 3,361 4,721 4,738 7,241

Income and Social Contribution Taxes (301) (1,188) (2,067) (1,340) (2,554)

Statutory Profi t Sharing (66) (145) (273) (373) (533)

Net Income 1,082 2,028 2,381 3,024 4,154



Ratios(Income Statement with Reallocations)

2001 2002 2003 2004 2005

Profi tability

Net Income per share (R$)* 1.5 2.8 3.3 3.8 5.2

ROE 12.9 22.6 22.3 23.0 26.8

ROA 0.7 1.1 1.1 1.3 1.7

Gross Financial Margin / Assets (-) Permanent (%) 7.0 7.5 7.4 6.9 7.0

Gross Financial Margin / Profi table Assets (%) 8.9 9.4 9.1 8.5 8.6

Productivity

Cost / Income Ratio (%) 71.2 57.9 55.8 54.2 48.1

Service Fees / Personnel Expenses (%) 67.4 80.3 80.6 91.3 102.3

Service Fees / Administrative Expenses (%) 40.6 45.6 48.6 53.1 58.0

Personnel Expenses per Collaborator (R$) 61,939 62,927 73,329 69,897 72,616

Employees + Interns per Branches + PAA + PAB 17 17 17 17 17

Loan Portfolio Quality

Allowance / Loan Portfolio (%) 5.3 5.9 5.4 6.1 6.6

Allowance / Ratings E + F + G + H (%) 93.5 107.4 118.4 88.2 96.7

Capital Structure

Leverage (x ) 18.9 22.2 18.9 16.9 15.0

BIS Ratio (%) 12.7 12.2 13.7 15.2 17.1

Capital Market

Price / Earnings (12 months) 8.2 3.3 7.4 8.6 8.1

Price / Book Value 1.01 0.73 1.44 1.84 2.00

Market Capitalization (R$ million) 8,103 6,696 17,568 25,979 33,733

Book Value per share (R$)* 12.29 12.56 16.63 17.65 21.08

* BB shares were traded per lot of a thousand shares until January 2004.

Capital Adequancy BIS Ratio (%)




Branches. Sub-Branches and Business Units

Angola - Luanda

Business Unit

Address: Rua Engrácia Fragoso. 61

Edifício Kalunga Atrium

1º ANDAR – C

Phone: 244 + 91 + 340351

Argentina - Buenos Aires

Branch

Address: Calle Sarmiento. 487 esquina San Martin

C1041AAI - Federal Capital - Argentina

Phone: 54 + 11 + 40002727

e-mail: [email protected]

Bolivia - La Paz

Branch

Address: Avenida 16 de julio. 1642 . Prado

Central - La Paz - Bolivia

Phone: 591 + 2 + 2310909


Bolivia � Santa Cruz de la Sierra

Business Unit

Address: Avenida San Martin nr. 1700

Edifício Centro Empresarial Equipetrol Piso 4

Santa Cruz de La Sierra - Bolivia

Phone: 591 + 3 + 3453171


Cayman Islands - Grand Cayman

Branch

Address: Elizabethan Square. Phase III Building-4th fl oor.

Sheden Road George Town -Grand Cayman Islands

Cayman Islands

Phone: 1 + 345 + 9495907


Chile - Santiago

Branch

Address: Avenida Apoquindo. 3001. Piso 1

Las Condes - 6760342 – Santiago -Chile

Phone: 56 + 2 + 3363001


China � Shanghai

Business Unit

Address: Unit 1305. 13th Floor. Shanghai Kerry Centre

1515 Nanjing Road West

Shanghai 200040 - P.R. of China

Phone: 86 + 21 + 62890707 / 62894503

France - Paris

Branch

Address: 4. Avenue de La Grande Armeé

75017 – Paris - France

Phone: 33 + 1 + 40535500


Germany - Frankfurt

Branch

Address: Eschersheimer Landstrasse 55

60322 - AM – Frankfurt - Germany

Phone: 49 + 69 + 299090


Hong Kong - China

Business Unit

Address: Unit 3601. 36/F.. Tower 2. Lippo Centre.

89 Queensway. Admiralty

Hong Kong – (SAR) China

Phone: 852 + 25216411


Italy - Milan

Branch

Address: Piazza Castello. 1 . 3º Piano

CAP: 20121 - Centro

20123 - Milan - MI - Italy

Phone: 39 + 02 + 8825201


Italy - Rome

Business Unit

Address: Via Barberini. 29 . 4° Piano

00187 - RM - Italy

Phone: 39 + 06 + 4880707


Japan - Gifu

Sub-Branch

Address: Asahi Plaza Minokamo Station Core Offi ce 101.

Minokamo-shi. Ota-cho 2591-1 Gifu-Ken - Japan

Phone: 81 + 574 + 245568




Japan - Gunma

Sub-Branch

Address: Bandou BLDG . 1319-1. IIda-cho

Ota-shi - Gunma-ken - Japan

Phone: 81 + 276 + 466511


Japan - Hamamatsu

Sub-Branch

430-7701 Shizuoka-ken. Hamamatsu-shi. Itaya-machi 111-2

Hamamatsu Act Tower 1F

Phone: 81 + 53 + 4526511


Japan - Ibaraki

Sub-Branch

Address: 303-0022 Shirai BLDG 2909-1. Mitsukaido-shi.

Fuchigashira-Machi

Ibaraki-Ken - Japan

Phone: 81 + 297 + 306511


Japan - Nagano

Sub-Branch

Address: Atago Mansion 101 . Ueda-shi. Chuo Higashi 1-5

Nagano-Ken - Japan

Phone: 81 + 268 + 286512


Japan - Nagoia

Sub-Branch

Address: 460-0002 Aichi-Ken. Nagoya-Shi. Naka-Ku.

Marunouchi 1-17-19. Kirix Marunouchi BLDG. - Japan

Phone: 81 + 52 + 2024611


Japan - Tokyo

Branch

Address: New Kokusai Building 3-4-1 . Marunouchi

Chiyoda ku - 100-0005 - Japan - Tokyo

Phone: 81 + 3 + 32136511


Mexico - Mexico City

Business Unit

Address: Calle Campos Elíseos. 345. piso 6o..

Colônia Chapultepec Polanco

11560 - Ciudad del Mexico - Mexico

Phone: 52 + 55 + 52817245


Netherlands - Amsterdam

Branch

Address: Stadhouderskade 2 . 2o. fl oor

Downtown 1054 ES - Netherlands

Phone: 31 + 20 + 5241111


Panama - Panama City

Branch

Address: Calle Elvira Mendez. Edifício Interseco Nr. 10.

Planta Baja

Campo Alegre - Zona 7 - Panama

Phone: 507 + 2636566


Paraguay - Asunción

Branch

Address: Calle Oliva Y Nuestra Senora de La Asunción – Casila

del Correo 667 - Centro

Asunción - Paraguay

Phone: 595 + 21 + 490121


Paraguay - Ciudad del Este

Branch

Address: Calle Nanawa. 107.

Esquina Monsenhor Rodrigues - Centro

Ciudad del Este - Alto Paraná - Paraguay

Phone: 595 + 61 + 500319


Peru - Lima

Business Unit

Address: Av. Camino Real 348 - Piso 9 . Torre El Pilar

San Isidro

27 – Lima - Peru

Phone: 51 + 1 + 2124230




Portugal - Cascais

Sub-Branch

Address: Passeio Carlos Andrade Teixeira. 7 e 8

Edifício Baía Center

2765-409 – Cascais - Portugal

Phone: 351 + 21 + 4822405

Fax: 351 + 21 + 4822685


Portugal - Lisbon

Branch

Address: Praça Marquês de Pombal. 16

1269-134 - Portugal

Phone: 351 + 21 + 3585000


Spain - Madrid

Branch

Address: Calle José Ortega y Gasset. 29 - 1ª Planta.

Edifi cio Beatriz - Madrid

28006 - Spain

Phone: 34 + 91 + 4232500


United Kingdom - London

Branch

Address: 34 King Street. London

EC2V 8ES - United Kingdom

Phone: 44 + 20 + 76067101


USA � Miami

Branch

Address: 2 S. Biscayne Boulevard . One Biscayne Tower Suite

3870

Downtown – Miami

33131 - FL - USA

Phone: 1 + 305 + 3583586


USA - New York

Branch

Address: 600 Fifth Avenue. Third Floor . Rockfeller Center

New York - 10020 - NY - USA

Phone: 1 + 212 + 6267000


USA - Washington

Business Unit

Address: 1801. K Street - N.W.- Suite 710

20006 - Washington - DC - USA

Phone: 1 + 202 + 8570320


Venezuela - Caracas

Business Unit

Address: Av. Francisco de Miranda . Centro Lido - Piso 09.

Ofi cina 93A - Torre A. El Rosal

1067-A - Caracas - Venezuela

Phone: 58 + 212 + 9522674


SUBSIDIARIES

BAMB - Brazilian American Merchant Bank

Address: C/O - International Division

Gerin/DIOPB - SBS Qd.1 Bl.C Lote 32 Ed.Sede III - 13° andar

70073-901 - DF - Brasilia - Brazil

Phone: 1 + 61 + 33104504


BB - A.G. Viena

Address: Franz Josefs-Kai. 47 - 3. OG

1010 – Viena - Austria

Phone: 43 + 1 + 51266630


BB-Leasing Company Ltd.

Address: C/O - International Division

Gerin/DIOPB - SBS Qd.1 Bl.C Lote 32 Ed.Sede III - 12° andar

70073-901 - DF - Brasilia - Brazil

Phone: 1 + 61 + 33104504


BB-Securities

Address: 7th Floor. 16 St. Martins Le Grand London

EC1A 4NA - United Kingdom

Phone: 44 + 207 + 3675800

Fax: 44 + 207 + 7960859




CONTACT LIST

Banco do Brasil

SBS – Ed.Sede III – 13º andar

International Division

70073-901 – Brasília (DF) – Brazil

www.bb.com.br

Presidency

Phone: 55 (61) 3310.3400

Fax.: 55 (61) 3310.2563

Finance, Capital Markets and Investor Relations VP

Phone: 55 (61) 3310.3406

Fax.: 55 (61) 3310.2561

International and Wholesale Business VP

Phone: 55 (61) 3310.3406

Fax.: 55 (61) 3310.2561

International Division

Phone: 55 (61) 3310.4500

Fax: 55 (61) 3310.2444

International Division - Financial Institutions Department

Phone: 55 (11) 3066.9081

Fax: 55 (11) 3066.9089

Investor Relations Division

Address: SBS – Ed.Sede III – 5th fl oor

70073-901 – Brasília (DF) – Brazil

Phone: 55 (61) 3310.3980

Fax: 55 (61) 3310.3735



the company capa - bb · the ﬁ rst began with its foundation, in 1808, by d. joão vi. the second...

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