3q15 earnings release - bb · 2015-11-18 · 3q15 earnings release . banco do brasil s.a. – third...

1

1

3Q15 Earnings

Release

2 Banco do Brasil S.A. – Third Quarter 2015 Earnings 2

Disclaimer

This presentation may include references and statements, planned synergies,

estimates, projections of results, and future strategy for Banco do Brasil, its

Associated and Affiliated Companies, and Subsidiaries. Although these references

and statements reflect the management’s belief, they also involve estimates and

unforeseen risks. Consequently, results may differ from those anticipated and

discussed here. These expectations are highly dependent on market conditions, on

Brazil’s economic and banking system performances, as well as on international

market conditions. Banco do Brasil is not responsible for updating any estimate in

this presentation.


Highlights (9M15/9M14)

Administrative Expenses under control (6.9% growth)

NII grew by 13.6%

Fee Income increased by 9.5%

Cost to income ratio reaches to 40.9%


Income Statement with Reallocations – Main Lines

R$ million

Chg. %

On 3Q14 On 2Q15 On 9M14

Financial Intermediation Income 40,746 37,475 67,643 66.0 80.5 103,914 157,489 51.6

Financial Intermediation Expenses (28,145) (23,791) (53,279) 89.3 123.9 (67,052) (115,619) 72.4

Net Interest Income 12,602 13,684 14,364 14.0 5.0 36,862 41,870 13.6

Allowance for Loan Losses (4,571) (5,530) (6,407) 40.2 15.9 (13,328) (17,936) 34.6

Net Financial Margin 8,031 8,154 7,957 (0.9) (2.4) 23,535 23,934 1.7

Fee income 6,273 6,459 6,907 10.1 6.9 17,976 19,675 9.5

Income f/ Insur., Pension P. and Premium Bonds 1,107 1,261 1,285 16.1 1.9 3,357 3,700 10.2

Contribution Margin 14,187 14,539 14,835 4.6 2.0 41,259 43,388 5.2

Administrative Expenses (8,048) (8,439) (8,551) 6.3 1.3 (23,596) (25,216) 6.9

Commercial Income 6,038 5,983 6,123 1.4 2.3 17,384 17,772 2.2

Previ 228 139 40 (82.5) (71.2) 1,120 318 (71.6)

Income Before Taxes 4,511 4,907 4,534 0.5 (7.6) 13,735 14,068 2.4

Income and Social Contribution Taxes (845) (1,026) (651) (22.9) (36.6) (3,200) (2,306) (27.9)

Corporate Profit Sharing (403) (437) (553) 37.1 26.5 (1,186) (1,559) 31.5

Adjusted Net Income 2,885 3,040 2,881 (0.1) (5.2) 8,323 8,947 7.5

Adjusted ROE (%) 16.1 14.2 13.3 - - 15.2 13.7 (10.0)

Net Income 2,780 3,008 3,062 10.1 1.8 8,287 11,888 43.5

ROE (%) 15.5 14.1 14.1 - - 15.1 18.2 20.7

3Q14 2Q15 3Q15 9M14 9M15Chg. %

5 Banco do Brasil S.A. – Third Quarter 2015 Earnings

Market Ratios

Price/Earnings 12 months

Earnings per Share (R$)

Price/Book Value

Dividend Yield¹ (%)

(1) Dividends and Interest on Own Shareholder Equity 12 months / Market Capitalization.

Source: Economatica.

3Q15

1.01 1.08

2Q15

1.06 1.05

1Q15

1.06

2.07

4Q14

1.05 1.08

3Q14

1.01 0.97

Adjusted Earnings per Share Earnings per Share

Sep/15

2.86

Jun/15

4.66

Mar/15

4.45

Dec/14

5.91

Sep/14

6.26

Jun/15

0.82

Mar/15

0.77

Dec/14

0.82

Sep/14

0.87

Sep/15

0.51

3Q15

+117.0%

13.98

2Q15

8.56

1Q15

8.95

4Q14

6.81

3Q14

6.44

Source: Economatica. Source: Economatica.


Funding

205.6

44.7

42.4

Jun/15

642.2

152.6

147.3

64.8

199.3

44.0

34.2

Mar/15

644.8

139.0

144.1

73.7

212.7

37.8

37.6

Dec/14

634.6

118.1

148.7

74.2

66.0

214.5

48.2

31.0

Sep/14

623.5

113.5

149.0

69.5

221.8

41.2

28.5

Sep/15

663.1

154.6

149.8

Agribusiness Let. of Credit + Mortgage Bonds Savings Deposits Demand Deposits Interbank Deposits Time Deposits Repo

R$ billion 91.8 92.1 91.9 90.8 92.5

Adj. Net Loan Portfolio / Comm. Funding (%)

+1.7%

on Jun/15

+36.2%

on Sep/14

7

Spread by Portfolio (%)¹ NIM (%)¹

7

Net Interest Income and Net Interest Margin

14.9

2Q15

4.8

5.6

7.0

14.0

1Q15

4.9

5.5

6.9

13.5

4Q14

5.1

5.7

7.0

13.8

3Q14

5.1

5.5

7.0

14.0

3Q15

4.5

5.7

7.1

Agribusiness Companies³ Loan Operations² Individuals

3Q15

2.4

4.3

2Q15

2.5

4.2

1Q15

2.4

4.3

4Q14

2.7

4.4

3Q14

2.6

4.2

Risk Adjusted NIM NIM

(1) It Includes senior debt, subordinated debt and hybrid capital instrument and abroad (HCDI). (2) It included interest income, profitable compulsory deposits income, tax hedge, derivatives

and other financial instruments that compensate the exchange rate variation in result.

Banco do Brasil S.A. – Third Quarter 2015 Earnings

Chg. %

On 3Q14 On 2Q15 On 9M14

Net Interest Income 12,602 13,684 14,364 14.0 5.0 36,863 41,870 13.6

Loan Operations Income 21,455 23,750 25,599 19.3 7.8 62,202 72,126 16.0

Funding Expenses (8,993) (10,378) (11,700) 30.1 12.7 (25,340) (31,460) 24.2

Institutional Funding Expenses¹ (3,191) (3,665) (4,130) 29.4 12.7 (9,688) (11,420) 17.9

Recovery of Write-offs Loans 903 987 804 (11.0) (18.5) 2,583 2,713 5.0

Treasury Income² 2,429 2,991 3,792 56.1 26.8 7,106 9,911 39.5

3Q14R$ million

9M14 9M153Q152Q15Chg. %

(1) Annualized data. (2) Series revised from 1Q15 due to methodology adjustments. (3) It does not include loans with government sector.


Loan Portfolio – Broad Concept¹

R$ billion

Sep/15

804.6

362.2

189.6

171.8

81.1

Jun/15

776.8

353.3

186.9

168.3

68.3

Mar/15

776.9

359.0

182.0

163.4

72.5

Dec/14

760.9

354.1

179.7

164.9

62.1

Sep/14

733.0

342.0

175.4

158.4

57.2

Companies Individuals Agribusiness Offshore

45.0%

23.6%

21.4%

10.1%

46.7%

23.9%

21.6%

7.8%

9.8 8.0 11.1 9.8

12.4

12 month Growth (%)

(1) It includes private securities and guarantees provided.

9

On Sep/14 On Jun/15

Payroll 56.7 38.9 61.1 38.4 61.8 38.0 9.0 1.1

Salary Loans 17.9 12.3 18.8 11.8 19.4 11.9 8.4 3.4

Mortgage 25.7 17.7 32.8 20.7 35.2 21.6 36.8 7.2

Auto Loans 10.5 7.2 9.5 6.0 8.8 5.4 (16.1) (6.8)

Credit Cards 19.9 13.7 21.5 13.5 21.5 13.2 7.9 (0.2)

Consumer Finance 5.9 4.1 6.8 4.3 6.9 4.2 16.7 1.8

Overdraft 2.7 1.9 2.5 1.6 2.6 1.6 (6.3) 1.5

Microcredit 1.4 1.0 0.8 0.5 0.8 0.5 (39.5) 3.6

Other 4.9 3.3 5.1 3.2 5.7 3.5 16.7 11.5

Individuals Loan Portfolio 145.6 100.0 158.9 100.0 162.6 100.0 11.7 2.4

Chg. %Sep/14 Jun/15 Sep/15Share % Share % Share %

Banco do Brasil S.A. – Third Quarter 2015 Earnings 9

Organic Individuals Loan Portfolio¹

R$ billion

(1) It does not include BV operations and acquired portfolios.

76.1% 77.0%


Growth in lower risk lines

Mortgages (R$ billion)

Payroll¹ (R$ billion)

in 12 months

+36.8%

+26.2%

+34.0%

Sep/15

46.9

35.2

11.7

Jun/15

44.1

32.8

11.2

Sep/14

35.0

25.7

9.3

Individuals Companies

+9.0%

Sep/15 Jun/15

61.1

7.4% 3.7%

88.8%

Sep/14

56.7

88.6%

4.0%

61.8

88.9%

7.5% 3.6%

7.4%

Direct Consumer Credit and Auto Loans¹ (R$ billion)

24.2%

Market

Share²

+6.5%

Sep/15

96.9 7.3%

13.4%

79.4%

Jun/15

96.1 7.3%

13.6%

79.1%

Sep/14

91.0 7.2%

14.4%

78.4%

INSS Retirees and Pensioners Private Sector Employees Civil Servants INSS Retirees and Pensioners Private Sector Employees Civil Servants

Salary Loans (R$ billion)

+8.4%

Sep/15 Jun/15

18.8

Sep/14

17.9 19.4

(1) Organic Loan Portfolio (2) Classified Loan Portfolio


Loans to Companies – Broad Concept¹

R$ billion


(2) It includes Working Capital, Receivables, Credit Card and Overdraft Account.

(3) It Includes FCE/ACE and BNDES Exim.

On Sep/14 On Jun/15

Working Capital² 182.6 53.4 182.5 51.7 184.4 50.9 1.0 1.0

Investments 63.8 18.7 67.0 19.0 68.3 18.9 7.0 2.0

Corporate Bonds & Notes 42.6 12.4 38.3 10.8 38.1 10.5 (10.6) (0.7)

Guarantees 19.2 5.6 22.7 6.4 26.1 7.2 36.1 15.0

Trade Finance³ 15.9 4.6 18.6 5.3 18.4 5.1 15.9 (0.9)

Mortgage 9.3 2.7 11.2 3.2 11.7 3.2 26.2 4.2

Other 8.7 2.5 13.0 3.7 15.2 4.2 74.7 17.1

Companies Loan Portfolio 342.0 100.0 353.3 100.0 362.2 100.0 5.9 2.5

Chg. %Sep/14 Share % Jun/15 Share % Sep/15 Share %

12

Corporate Portfolio by Size Very Small and Small Companies – FGO and Fampe³


Loans to Companies – Broad Concept¹ R$ billion

+1.9%

Sep/15

24.0

3.2

20.8

Jun/15

24.1

3.2

20.9

Sep/14

23.5

3.6

19.9

+5.9%

Sep/15

362.2

267.0

95.2

Jun/15

353.3

255.5

97.8

Sep/14

342.0

240.5

101.5

Middle Market, Corporates and Government Very Small and Small Companies²

Very Small and Small Companies - Time of Relationship (% of portfolio balance)

Sep/15

95.2

41.6%

33.3%

21.1% 4.1%

Jun/15

97.8

40.7%

33.1%

21.2% 5.0%

Sep/14

101.5

39.6%

30.5%

23.8% 6.1%

More than 10 years From 5 to 10 years From 2 to 5 years Up to 2 years

Fampe FGO

+11.0%

-6.2%

in 12 months

Amount Distribution by Time of Company Foundation – Very Small and Small Companies Portfolio

27.6

From 2 to 5 years

13.1

Up to 2 years

1.0

21.7

More than 20 years

From 10 to 20 years

31.8

From 5 to 10 years

22.8% 33.5% 29.0% 13.7% 1.0%

Sep/15

Share

Total Amount: R$ 95.2 bi

25.2% Share

in Portfolio

(1) It includes private securities and guarantees provided. (2) Companies with annual revenues up to R$ 25 million (3) Guarantee Fund Operations and a Guarantee Fund.

13

Mitigators Use (Working Capital for Input Purchase)

Agribusiness Loan Portfolio by Costumer Type¹


Agribusiness

Agribusiness Loan Portfolio by Purpose¹

R$ billion

Vintage 15/16 (Sep/15)

23.9%

76.1% Not Insured

Insured

+7.4%

+9.0%

+8.5%

Sep/15

171.8

120.6

51.2

Jun/15

168.3

120.7

47.6

Sep/14

158.4

110.7

47.7

Individuals Companies

Sep/15

158.4

127.1

Jun/15

168.3

33.2

135.1

Sep/14

31.3

171.8

37.1

134.7

Agroindustry Rural

+18.6%

+6.0%

in 12 months

in 12 months

(1) It includes Rural Product Bills and guarantees provided..

14

Coverage Ratio +90 days (%) and ALL Balance (R$ million)


Asset Quality

Sep/15

212.88

167.74

Jun/15

205.21

172.41

Mar/15

201.58

175.00

Dec/14

195.37

181.48

Sep/14

185.93

165.52

Jun/14

192.12

165.52

Mar/14

193.47

168.97

Dec/13

191.65

178.57

Banco do Brasil Banking Industry

34,026 3,893

16,539

13,594

29,487 1,524

14,366

13,598

28,935 1,490

14,417

13,028

27,312 1,508

13,866

11,938

25,770 1,519

13,158

11,093

24,797 1,614

12,268

10,915

24,075 1,475

12,352

10,247

23,662 1,466

12,016

10,180

Additional (Complementary) Provision Past Due (Specific) Current (Generic)

ALL by Segment¹

902

Sep/15

5,870

536

1,221

3,833

280

Jun/15

5,273

557 680

3,809

228

Mar/15

5,655

1,405

3,142

207

Dec/14

4,867

712

1,291

2,832

32

Sep/14

4,266 431

1,382

2,543

-91

Jun/14

4,186 400

1,197

2,600

-11

Mar/14

3,785

509

1,238

1,929

109

Dec/13

3,465

578

1,326

1,705

-143

Agribusiness Individuals Companies Abroad

(1) Quarterly ALL ex BV. It does not consider additional provision.

15

NPL Ratio +90 days (%)


Delinquency Ratios¹

NPL +15 Days (%) NPL +90 Days (%)

(1) Classified Concept.

Mar/15

1.3

4.7

4.6

Dec/14

1.2

3.9

4.3

Sep/14

1.1

4.1

4.3

Jun/14 Sep/15

1.7

5.6

4.8

Jun/15

1.3

4.5

4.5

0.9

3.8

4.3

Mar/14

1.1

3.8

4.6

Dec/13

1.2

3.3

4.1

Sep/15

0.8

3.1

2.2

Jun/15

0.7

2.7

2.2

Mar/15

0.8

2.5

2.2

Dec/14

0.7

2.6

2.3

Sep/14

0.6

2.7

2.4

Jun/14

0.6

2.4

2.3

Mar/14

0.7

2.2

2.4

Dec/13

0.8

2.3

2.6

Agribusiness Companies Individuals Agribusiness Companies Individuals

Sep/15

2.20

2.07

3.10

Jun/15

2.04

1.89

2.90

Mar/15

2.05

1.84

2.80

Dec/14

2.03

1.86

2.70

Sep/14

2.09

1.91

2.90

Jun/14

1.99

1.77

2.90

Mar/14

1.97

1.76

2.90

Dec/13

1.98

1.81

2.80

Banco do Brasil BB ex BV Banking Industry

16

New NPL¹, Write Off and NPL Formation Rate


Average Risk¹ (%)

Sep/15

4.15

5.20

Jun/15

4.80 5.00

3.97

4.90

3.75

Sep/14 Mar/15

4.90

3.92

Dec/14

3.66

Jun/14

4.80

3.57

Mar/14

4.90

3.58

Dec/13

5.00

3.56

Banking Industry Banco do Brasil

(1) Required Provision / Classified Loan Portfolio

NPL Formation and Average Risk

(1) Quarterly change in the balance of past-due for over 90 days operations + current quarter write-off.

(2) It considers the classified loan portfolio of the previous quarter.

Sep/15

4.43

6.04

Jun/15

4.95 4.96

Mar/15

4.45 4.83

Dec/14

3.69 3.81

Sep/14

3.63 4.59

Jun/14

4.16 4.62

Mar/14

3.70 3.80

Dec/13

3.06 3.89

Write Off (R$ billion) New NPL (R$ billion)

0.86 0.71 0.70 0.58 0.71 0.73 0.61 0.66

New NPL / Loan Portfolio² (%)


Fee Income

R$ million

Chg. %

On 3Q14 On 2Q15 On 9M14

Fee Income 6,273 6,459 6,907 10.1 6.9 17,976 19,675 100.0 9.5

Credit / Debit Cards 1,585 1,474 1,635 3.2 10.9 4,654 4,751 24.1 2.1

Account Fees 1,193 1,252 1,374 15.1 9.7 3,399 3,768 19.2 10.9

Asset Management Fees 1,116 1,171 1,254 12.4 7.1 3,023 3,506 17.8 16.0

Loan Fees 440 452 503 14.4 11.4 1,333 1,362 6.9 2.2

Collections 376 426 435 15.9 2.2 1,090 1,281 6.5 17.5

Insurance, Pension and Premium Bonds¹ 243 276 231 (4.9) (16.2) 721 758 3.9 5.2

Billings 235 273 250 6.6 (8.3) 691 783 4.0 13.3

Interbank 188 193 196 4.2 1.4 552 575 2.9 4.2

Capital Market 125 104 90 (27.5) (13.3) 352 368 1.9 4.5

Fiduciary Services 119 124 130 8.9 5.1 329 367 1.9 11.4

Consortium 97 110 109 11.9 (1.5) 242 314 1.6 29.6

Other 557 605 700 25.6 15.7 1,589 1,842 9.4 15.9

3Q14 2Q15 3Q15 9M14 9M15 Share %Chg. %

(1) Series revised from 1Q13 to 4Q14.


Fee Income - Highlights

Fiduciary Services

Account Fees

Consortium

Asset Management Fees

R$ million

367329

+11.4%

9M15 9M14

314

242

+29.6%

9M15 9M14

+10.9%

9M15

3,768

9M14

3,399

+16.0%

9M15

3,506

9M14

3,023


BB Seguridade

Adjusted Net Income (R$ million) Insurance’s Premiums and Collection¹

822988995

+26.5%

+20.1%

9M15

2,931

9M14

2,316

3Q15 2Q15 3Q14 (1) Source: Susep, as of Sep/15.

Insurance´s PremiumsMarket

Share %Ranking

Vehicle 14.6 2nd

Life 16.7 1st

Rural 71.4 1st

CollectionMarket

Share %Ranking

Pension Plan 36.3 1st

Premium Bond 26.1 2nd


Clients and Service Network Channels

BB Digital – Mobile (million transactions)

Clients

Internet Banking - Individuals (million)

Internet and Mobile (% Transactions)

62.4 million Clients

11.6 million Savers

2.3 million Very Small and Small Companies

2.2 million INSS’s Pensioners

3Q15

1,033.1

3Q14

342.8

3Q13

136.1

6.4

4.4

3.4

3Q15

59.3

29.6

29.7

3Q14

48.9

12.9

36.0

3Q13

43.8 6.4

37.4

Mobile Internet

3Q15

12.5

463.5

3Q14

11.5

562.5

3Q13

10.4

505.5

Registered Users Transactions Registered Users (million)

+ 201.4% on 3Q14

The most

innovative Bank

in costumer

relationship¹

(1) According to DOM Strategy Partners Ranking.


Administrative Expenses and Cost to Income Ratio

R$ billion

41.6 42.4 44.5

Cost to Income Ratio (%)¹

9M15

10.2

15.0

9M14

10.0

13.6

Other Expenses Personnel Expenses

40.9

43.6

3Q15

3.5

5.0

2Q15

3.3

5.1

3Q14

3.4

4.6

(1) Administrative Expenses / Operating Revenues. Data from the Income Statement with Reallocations. Quarterly cost to income ratio accumulated in 12 months.

22 22

BIS Ratio¹ ²

%


3Q15

16.20

8.07

11.61

4.58

2Q15

16.18

8.71

11.36

4.82

1Q15

16.02

8.68

11.36

4.66

4Q14

16.11

9.04

11.39

4.71

3Q14

16.04

9.28

11.51

4.52

Core Capital

Tier I

Tier II

(1) The consolidation scope used as a base for checking the operating limits was also changed, so that it took into account only the Financial Conglomerate, from October 1, 2013,

through December 31, 2014, and the Prudential Conglomerate, as defined in CMN resolution 4,280/2013, from January 1, 2015.

(2) Methodology used since Oct. 01st., 2013, according to CMN Resolution 4,192/2013.

23 23

Full application of Basel III rules¹ ²

%


(1) Estimates as of 09/30/2015.

(2) These numbers are based on information available at the time of the simulations, which involve limitations and risks hard to foresee and hence may present different results

from those reported. Banco do Brasil’s future performance is subject to external factors, including interest rates, exchange rates and its securities portfolio market value, as well as

the performance of the domestic and foreign economic and the domestic and international’s financial systems.

10.59 10.3111.6311.61

(1.02) (0.29)

1.33

Tier 1 DeductionsSchedule

Anticipation

Tier 1 with fulldeductions

RWA RulesAnticipation

Tier 1 with FullyLoaded Basel III

Rules

Use of Tax Credits Simulated Tier 1under complete

Basel III Rules

Tier 1

16.2015.31 14.90

1.37 16.26

(0.89)(0.41)

BIS Ratio DeductionsSchedule

Anticipation

BIS Ratio with fulldeductions

RWA RulesAnticipation

BIS Ratio with FullyLoaded Basel III

Rules

Use of Tax Credits Simulated BISRatio under

complete Basel IIIRules

BIS Ratio

24 24

Guidance


%

(1) Adjusted ROE estimated for 2015 uses estimated adjusted shareholders’ equity, free from the effects of: (i) the restatement of assets and actuarial, liabilities arising from the

Deliberation CVM/695; and (ii) minority interests in controlled companies.

(2) Commercial Funding includes Total Deposits, Agribusiness Letters of Credit, Real Estate Letters of Credit and Repos with Corporate Bonds.


(4) Allowance for Loan Losses expenses of the last twelve months / Average Classified loan portfolio for the same period.

Adjusted Return on Equity¹ 14 - 17 13.7 13 - 16

Net Interest Income 11 - 15 13.6 -

Commercial Funding² 5 - 9 6.4 -

Domestic Loan Portfolio³ - Broad Concept 7 - 11 7.1 -

Individuals 6 - 10 8.1 -

Companies 7 - 11 5.9 5 - 9

Agribusiness 10 - 14 8.5 -

Allowance for Loan Losses⁴ 3.1 - 3.5 3.3 -

Fee Income 3 - 6 9.5 7 - 10

Administrative Expenses 5 - 8 6.9 -

New Guidance2015 Guidance 2015 Performance


Contacts

Investor Relations Unit

Av. Paulista, 2,163 – 2nd Floor

01311-933 - São Paulo (SP)

Telephone: +55 (11) 3066 9110

bb.com.br/ir

[email protected]


Appendix

27. BIS III - Capital Requirements

28. One-Off Items

29. Net Interest Income

30. Net Interest Income

31. Total Loan Portfolio - Risk Level

32. Allowance for Losses Balance – Current and Past Due Operations

33. Write-off

34. Renegotiated Overdue Loan Portfolio

35. Renegotiated Loan Portfolio

36. Allowance for Loan Losses (ALL) and Loan Portfolio

37. Sources and Uses

38. Foreign Borrowing

39. Individuals Loan Portfolio

40. Classified Loan Portfolio - by contracted period

41. Individuals Loan Portfolio – Average Rates/Tenor

42. Loans to Companies

43. Agribusiness Portfolio by Purpose

44. Agribusiness

45. Banco Votorantim

46. Banco Votorantim

47. Banco Votorantim – Asset Quality

48. Actuarial Assets (Previ) - CVM 695/12

49. Actuarial Liabilities (Cassi) - CVM 695/12

50. Amounts recognized in equity because of the adoption of CVM 695/12

51. Corporate Governance

52. Means of Payment - Organization Chart

53. Global Presence

54. Human Resources


%

BIS III – Capital Requirements

Implementation Schedule

2015 2016 2017 2018 2019

Common Equity Tier I (CET1) 4,500 4,500 4,500 4,500 4,500

Tier I 6,000 6,000 6,000 6,000 6,000

Brazilian BIS Ratio 11,000 9,875 9,250 8,625 8,000

Capital Conservation Buffer 0,000 0,625 1,250 1,875 2,500

Additional CET1 Countercyclical Buffer

(superior limit)0,000 0,625 1,250 1,875 2,500

Additional CET1 Systemic (D-SIB)

Buffer0,000 0,000 0,250 0,500 1,000

CET1 + Buffers 4,500 5,750 7,300 8,750 10,500

Tier I + Buffers 6,000 7,250 9,000 10,250 12,000

Brazilian BIS Ratio + Buffers 11,000 11,125 12,000 12,875 14,000


One-Off Items R$ million

Adjusted Net Income 2,885 3,040 2,881 8,323 8,947

(+) One-Off Items (104) (32) 181 (36) 2,941

Economic Plans (248) 33 (247) (920) (402)

Tax Efficiency - - - 260 -

Provision Legal Lawsuits - Adjust. Parameters and Policies Agreements - - - 385 -

Deferred Tax - - - - 2,326

BrasilPrev: Susep Circular 457/12 and 462/13 - 385 - - 385

BrasilPrev Effect on Minority Shareholders - (74) - - (74)

Extraordinary Provision for Lawsuits 63 (208) (1,794) 359 (2,560)

Cateno - Gestão de Contas de Pagamentos S/A - - - - 11,572

Cateno - Unrealized Income - - - - (5,800)

Social Integration Program/Public Servant Fund Program (PIS/PASEP) - Cateno - - - - (1,070)

Funds and Programs Adjustment - (127) - - (127)

Additional ALL - - (2,370) (143) (2,370)

Employees Retirement Plan (PAI) - - (372) - (372)

Provision for commitment to buy loyalty program points from partners - - (765) - (765)

Deferred Tax on CSLL - - 3,405 - 3,405

Tax Eff. and Stat. Profit Sharing on One-Off Items 81 (42) 2,325 23 (1,205)

Net Income 2,780 3,008 3,062 8,287 11,888

3Q14 2Q15 3Q15 9M14 9M15


R$ million

Net Interest Income

Chg. %

On 3Q14 On 2Q15 On 9M14

Revenue from Loans 21,455 23,750 25,599 19.3 7.8 62,202 72,126 16.0

Individuals 8,114 8,917 9,347 15.2 4.8 23,665 26,580 12.3

Companies 8,562 9,246 9,824 14.7 6.2 23,947 28,029 17.0

Agribusiness 3,865 4,578 5,052 30.7 10.4 10,958 13,988 27.7

Equalization 1,406 1,802 2,004 42.5 11.2 3,889 5,606 44.1

Abroad 744 815 1,120 50.5 37.5 2,977 2,871 (3.5)

Sale or Transference of Financial Assets 127 107 123 (3.9) 14.3 467 338 (27.6)

Other 7 48 84 - 73.3 80 187 133.9

Leasing 34 38 49 44.0 30.6 108 131 21.3

3Q14 2Q15 3Q15 9M14 9M15Chg. %

Chg. %

On 3Q14 On 2Q15 On 9M14

Treasury 2,429 2,991 3,792 56.1 26.8 7,106 9,911 39.5

Securities 10,645 13,527 14,791 38.9 9.3 29,405 40,648 38.2

Open Market (8,409) (10,864) (12,043) 43.2 10.9 (22,861) (32,609) 42.6

Financ. Inc. Insur., Pension & S.Bonds Op. 316 434 392 24.1 (9.7) 936 1,294 38.3

Financial Derivatives (170) (244) 404 - - (788) 305 -

Other Treasury Components¹ 47 138 248 427.3 80.1 414 273 (34.1)

3Q14 2Q15 3Q15 9M14 9M15Chg. %

Chg. %

On 3Q14 On 2Q15 On 9M14

Credit Recovery 903 987 804 (11.0) (18.5) 2,583 2,713 5.0

9M14 9M143Q14 2Q15 3Q15Chg. %

(1) It contains items not showed in the Treasury breakdown, including Exchange variation.


R$ million

Net Interest Income

Chg. %

On 3Q14 On 2Q15 On 9M14

Institutional Funding¹ (3,191) (3,665) (4,130) 29.4 12.7 (9,688) (11,420) 17.9

Subordinated Debt Abroad (119) (128) (170) 43.0 32.6 (335) (435) 29.8

Hybrid Capital Instruments (468) (482) (640) 36.7 32.6 (1,168) (1,638) 40.3

Subordinated CDB (165) (54) (63) (61.7) 17.0 (451) (234) (48.2)

Securities Issued Abroad (258) (238) (311) 20.5 30.7 (747) (828) 10.9

Financial Letters (837) (1,228) (1,137) 35.8 (7.5) (2,337) (3,419) 46.3

Borrowing, Assignments and Onlending (1,345) (1,535) (1,810) 34.5 17.9 (4,651) (4,866) 4.6

9M153Q14 2Q15 3Q15Chg. %

9M14

Chg. %

On 3Q14 On 2Q15 On 9M14

Funding Expenses¹ ² (8,993) (10,378) (11,700) 30.1 12.7 (25,340) (31,460) 24.2

Commercial Funding (7,674) (7,537) (8,272) 7.8 9.7 (22,414) (23,034) 2.8

Time Deposits (2,611) (1,962) (2,135) (18.3) 8.8 (8,113) (6,145) (24.3)

Savings Deposits (2,542) (2,645) (2,944) 15.8 11.3 (7,218) (8,084) 12.0

Judicial Deposits (2,521) (2,931) (3,193) 26.7 9.0 (7,083) (8,805) 24.3

Bonds (2,662) (3,871) (4,582) 72.1 18.4 (6,842) (11,636) 70.1

Agribusiness Letters of Credit (2,486) (3,417) (4,075) 63.9 19.2 (6,383) (10,290) 61.2

Mortgage Bonds (176) (454) (507) 187.9 11.8 (458) (1,346) 193.6

Compulsory Deposits 1,503 1,195 1,322 (12.1) 10.6 4,390 3,707 (15.6)

FGC (160) (165) (168) 4.9 1.9 (474) (498) 5.0

3Q14 2Q15 3Q15 9M14 9M15Chg. %

(1) Repurchase Agreements with Private Securities not included.

(2) Series revised from 1Q15 on for composition adjustments.

(1) Series revised from 1Q15 on for composition adjustments.


Total Loan Portfolio - Risk Level

R$ million

Balance Provision Share% Balance Provision Share% Balance Provision Share%

AA 377,220 - 56.9 389,415 - 55.3 396,589 - 54.6

A 105,009 525 15.8 120,627 603 17.1 126,895 634 17.5

B 120,179 1,202 18.1 121,298 1,213 17.2 126,209 1,262 17.4

C 25,857 776 3.9 32,349 970 4.6 34,029 1,021 4.7

D 4,172 417 0.6 5,713 571 0.8 6,042 604 0.8

E 8,950 2,685 1.4 10,431 3,129 1.5 10,519 3,156 1.4

F 3,265 1,632 0.5 3,757 1,878 0.5 3,966 1,983 0.5

G 3,349 2,344 0.5 4,166 2,916 0.6 3,791 2,654 0.5

H 14,670 14,670 2.2 16,682 16,682 2.4 18,819 18,819 2.6

Total 662,670 24,251 100.0 704,438 27,964 100.0 726,860 30,133 100.0

AA-C 628,265 2,503 94.8 663,690 2,787 94.2 683,722 2,917 94.1

D-H 34,406 21,749 5.2 40,749 25,177 5.8 43,137 27,216 5.9

Sep/14 Jun/15 Sep/15


Allowance for Loan Losses Balance – Current and Past Due Operations

3Q15

3.9

13.6

16.5

34.0

2Q15

1.5

13.6

14.4

29.5

1Q15

1.5

13.0

14.4

28.9

4Q14

1.5

11.9

13.9

27.3

3Q14

1.5

11.1

13.2

25.8

Additional (Complementary) Current (Generic) Past Due (Specific) Total

R$ billion


Write-off – Percentage on the Classified Loan Portfolio¹

Sep/15

4.03

2.48

Jun/15

4.05

2.43

Mar/15

4.21

2.36

Dec/14

4.44

2.31

Sep/14

4.65

2.27

Jun/14

4.96

2.31

Mar/14

5.21

2.35

Dec/13

5.36

2.33

Sep/13

5.63

2.47

%

Peers Avarage² Banco do Brasil

(1) Write-offs to losses accumulated in 12 months / average balance of the classified credit portfolio in 12 months.

(2) It corresponds to the three largest Brazilian private banks.


Renegotiated Overdue Loan Portfolio¹

R$ million

BB Consolidated

3Q14 2Q15 3Q15

Credits Renegotiated by Delay - Changes

Initial Balance 8,659 11,306 13,681

Contracts 1,081 3,689 3,921

Interest Received and Appopriated (414) (438) (436)

Write-Off (374) (876) (572)

Final Balance 8,952 13,681 16,595

Allowance for Loan Losses Balance 5,362 6,823 7,718

NPL + 90 days 1,629 1,746 2,490

Indicators - %

All. for Loan Losses / Loan Portfolio 59.9 49.9 46.5

NPL + 90 days / Loan Portfolio 18.2 12.8 15.0

All. for Loan Losses Balance/NPL + 90 days 329.1 390.8 310.0

(1) Table according Notes 10.k Renegotiated Loan Portfolio.

35

Renegotiated Loan Portfolio – 3Q15

BB x Peers¹

Peers Average¹

12,817

BB

16,595

Renegotiated Loan Portfolio

3.0 2.3

Sep/15

7,718

6,735

Jun/15

6,823

6,431

Mar/15

6,302

6,511

Dec/14

5,931

6,374

Sep/14

5,362

6,284

BB - ALL Balance Peers Average - ALL Balance

15.0

21.9

12.8

23.9

14.2

25.0

14.3

25.9

18.2

25.7

Renegotiated Loan Portfolio


R$ million

BB - Renegotiated Portfolio NPL +90 days (%) Peers Average - Renegotiated Portfolio NPL +90 days (%)

Renegotiated Loan Portfolio/Classified Loan Portfolio (%)

(1) It corresponds to two large Brazilian private banks.

36

Allowance for Loan Losses (ALL) and Loan Portfolio

Allowance for Loan Losses (12 months) / Loan Portfolio

Classified Loan Portfolio – Growth by Risk Level

4.1 1.4 0.7 1.6 1.9 55.5

662.7

726.9

Sep/14 Sep/15 AA-C D E F G H

2.8 3.3 3.1 3.1 2.9

ALL / Loan Portfolio (%)²

Allowance for Loan Losses (Quarterly) / Loan Portfolio

3Q15

6.4

712.6

2Q15

5.5

701.7

1Q15

6.0

691.1

4Q14

5.2

673.3

3Q14

4.6

653.4

Allowance for Loan Losses Loan Portfolio³

R$ billion

3Q15

23.1

693.9

2Q15

21.3

679.0

1Q15

20.3

664.0

4Q14

18.5

648.3

3Q14

17.5

628.7

Allowance for Loan Losses Loan Portfolio¹

+9.7% in 12 months

0.9 0.8 0.9 0.8 0.7

ALL / Loan Portfolio (%)⁴


(1) Average classified loan portfolio 12 months; (2) ALL accumulated in 12 months / 12 months Average Loan Portfolio; (3) 3 months Average Loan Portfolio; (4) Quarterly ALL / 3

months Average Loan Portfolio.


Sources and Uses

Sep/14 Jun/15 Sep/15 Chg. %

R$ billion Balance Share % Balance Share % Balance Share % On Sep/14 On Jun/15

Sources 788.1 100.0 855.2 100.0 903.4 100.0 14.6 5.6

Commercial Funding 623.5 79.1 642.2 75.1 663.1 73.4 6.4 3.3

Total Deposits 468.8 59.5 445.6 52.1 463.8 51.3 (1.1) 4.1

Agribusiness Let. of Credit + Mortgage Bonds 113.5 14.4 152.6 17.8 154.6 17.1 36.2 1.3

Repos w/ Corporate Bonds¹ 41.2 5.2 44.0 5.1 44.7 4.9 8.5 1.6

Domestic Onlending 88.0 11.2 91.9 10.7 92.3 10.2 4.8 0.5

Foreign Borrowing² 65.6 8.3 80.7 9.4 104.2 11.5 58.8 29.1

Subordinated Debt 42.4 5.4 42.6 5.0 43.9 4.9 3.4 2.9

Debt Instruments eligible for capital³ 28.0 3.6 32.8 3.8 38.4 4.2 37.0 17.0

Others Commercial Papers⁴ 9.6 1.2 9.7 1.1 7.3 0.8 (24.4) (25.1)

Domestic Hybrid Debt Capital Instr. 0.1 0.0 - - - - - -

Financial and Development Funds 9.6 1.2 12.4 1.5 14.7 1.6 53.4 18.3

Compulsory Deposits (78.7) (10.0) (57.2) (6.7) (60.4) (6.7) (23.3) 5.6

Uses 788.1 100.0 855.2 100.0 903.4 100.0 14.6 5.6

Net Loan Portfolio (a) = (b) + (c) + (d) 684.0 86.8 720.0 84.2 737.5 81.6 7.8 2.4

Loan Portfolio (b) 662.7 84.1 704.4 82.4 726.9 80.5 9.7 3.2

Private Securities (c) 47.1 6.0 45.1 5.3 44.7 4.9 (5.1) (0.8)

Allowance for Loan Losses (d) (25.8) (3.3) (29.5) (3.4) (34.0) (3.8) 32.0 15.4

Adjusted Net Loan Portfolio (a) - (e) 566.3 71.9 594.1 69.5 608.5 67.4 7.5 2.4

Onlending in the Country (e) 117.7 14.9 125.9 14.7 129.0 14.3 9.6 2.5

Available Funds 104.2 13.2 135.1 15.8 165.9 18.4 59.3 22.8

Ratio - %

Net Loan Portfolio / Total Deposits 145.9 161.6 159.0

Net Loan Portfolio / Commercial Funding 109.7 112.1 111.2

Adj. Net Loan Portfolio / Comm. Funding 90.8 92.5 91.8

Net Loan Portfolio / Sources 86.8 84.2 81.6

(1) It includes part of the balances of Private Securities (Note 17c). (2) Includes Foreign Borrowings, Foreign Securities, Foreign Onlending, Subordinated Debt Abroad and Hybrid Capital

Instruments Abroad. (3) From 3Q14 on, it includes Capital Eligible Debt reallocated to Core Capital, as authorized by the Central Bank by Official Letter 15006/2014-BCB/DEORF/DIFIN. (4)

It includes Letters of Credit and Debentures.


Foreign Borrowing

US$ billion

Sep/15

50.0 0.7

3.5

7.2

17.0

21.5

Jun/15

50.4 0.7

3.5

7.2

17.5

21.4

Sep/14

51.4 0.8

3.2

8.4

16.7

22.4

Individuals

Repo + Other

Companies

Interbanking

Fixed Income and Deposit Certificates

1- Ratings were revised in 10/20/2015.

Issue Date Volume (US$ million) Currency Term in Years Structure Rating¹

01/20/2012 1,000 USD - Perpetual B/NR/NR

03/05/2012 750 USD - Perpetual B/NR/NR

06/19/2012 750 USD 10 Tier II Subordinated B+/Ba1/NR

10/10/2012 1,925 USD 10 Senior BB+/Baa3/BBB

01/31/2013 2,000 USD - Perpetual B/NR/NR

07/25/2013 930 EUR 5 Senior BB+/Baa3/BBB

12/20/2013 307 CHF 5.5 Senior BB+/Baa3/BBB

03/26/2014 417 EUR 4.4 Senior BB+/Baa3/BBB

06/18/2014 2,500 USD - Perpetual B/Ba3/NR

International Bonds Issued 2012/2013/2014

39

On Sep/14 On Jun/15

Payroll 63.1 36.0 65.5 35.0 65.8 34.7 4.3 0.5

Auto Loans 33.0 18.8 31.9 17.1 30.4 16.0 (7.8) (4.8)

Salary Loans 17.9 10.2 18.8 10.1 19.4 10.2 8.4 3.4

Mortgage 25.7 14.7 32.8 17.6 35.2 18.6 36.8 7.2

Credit Cards 20.4 11.6 22.1 11.8 22.1 11.6 8.2 (0.1)

Consumer Finance 5.9 3.4 6.8 3.6 6.9 3.7 16.8 1.8

Overdraft 2.7 1.6 2.5 1.4 2.6 1.4 (6.3) 1.5

Other 6.7 3.8 6.5 3.5 7.2 3.8 8.1 11.6

Individuals Loan Portfolio 175.4 100.0 186.9 100.0 189.6 100.0 8.1 1.4



Loans to Individuals – Broad Concept¹

R$ billion

79.6% 79.5%

(1) It includes guarantees provided.


Classified Loan Portfolio¹ - by contracted period

23.6

9.9

2013

1Q15

12.1

2014

9.5

Mar/15 Dec/14 Sep/14

30.8

Sep/15

2012

22.5

14.3 15.2 17.1

3Q15

13.0

29.5

24.5 26.3

24.7

Jun/15

7.1

33.9

37.0 6.3

21.2

10.1 7.2

Up to 2011

2Q15 28.2

21.5 16.4 20.0 18.0

%

2015 25.7%

(1) It does not include BV operations.


Individuals Loan Portfolio – Average Rates/Tenor

Sep/14 Jun/15 Sep/15

Banco do Brasil

Auto loans

Average Rate - % p.m 1.38 1.54 1.58

Average Term - months 32 31 30

Mortgage

Average contracted amount - R$ thousand 105.6 120.3 115.0

Average Rate - % p.y. 7.51 7.16 7.11


Payroll loans

Average Rate - % p.m 1.76 1.78 1.81


BV - Auto Loans

Average Rate - % p.m 1.96 2.05 2.08



Loans to Companies – Very Small and Small Companies

R$ billion

Loans per Segment

Products

On Sep/14 On Jun/15

Commerce 41.9 41.3 40.9 41.8 39.8 41.8 (5.2) (2.7)

Manufacturing Industries 29.6 29.2 26.6 27.1 25.5 26.8 (13.7) (3.8)

Service Segment 30.0 29.5 30.4 31.1 29.9 31.4 (0.2) (1.7)

Total 101.5 100.0 97.8 100.0 95.2 100.0 (6.2) (2.7)

Sep/14Chg. %

Share % Jun/15 Share % Sep/15 Share %

On Sep/14 On Jun/15

Working Capital 65.1 64.1 61.8 63.2 60.0 63.0 (7.9) (3.0)

Investment 34.3 33.8 34.1 34.9 33.4 35.1 (2.8) (2.3)

Foreign Trade 2.1 2.0 1.9 1.9 1.9 2.0 (10.3) (1.8)

Total 101.5 100.0 97.8 100.0 95.2 100.0 (6.2) (2.7)



Agribusiness Portfolio by Purpose

R$ billion

On Sep/14 On Jun/15

Investment 69.0 43.5 78.3 46.6 78.7 45.8 14.1 0.4

Work. Cap. for Input Purchase 47.8 30.2 48.7 28.9 48.6 28.3 1.6 (0.1)

Agroindustry 31.3 19.8 33.2 19.7 37.1 21.6 18.6 11.8

Crop Trading 6.4 4.1 4.9 2.9 4.6 2.7 (28.1) (6.4)

Other 2.3 1.4 2.1 1.2 1.8 1.1 (18.2) (11.2)

Classified Loan Portfolio 156.8 99.0 167.3 99.4 170.9 99.5 9.0 2.2

Rural Product Bills and Guarantees 1.6 1.0 1.0 0.6 0.9 0.5 (41.4) (11.3)

Loan Portfolio - Broad Concept 158.4 100.0 168.3 100.0 171.8 100.0 8.5 2.1



Agribusiness

R$ billion Loan Portfolio per Customer Size¹

Segment Sep/14 Share % Jun/15 Share % Sep/15 Share %

Medium and Large Sized 73.6 46.4 79.0 47.0 78.9 45.9

Companies 39.7 25.0 40.4 24.0 43.6 25.4

Small 36.4 23.0 40.6 24.2 40.7 23.7

Cooperatives 7.2 4.6 7.2 4.3 7.6 4.5

Rural Prod. Bills and guarantees 1.6 1.0 1.0 0.6 0.9 0.5

Total 158.4 100.0 168.3 100.0 171.8 100.0

(1) Loan portfolio – broad concept.

45

BV – Cars1: Production per Business Channel and Delinquency

BV – Net Income

Banco Votorantim

R$ million


(1) Comprised of CDC Veículos (Autos Consumer Credit) and vans.

Vintage of the Managerial Auto Loan Portfolio

137 146 122

75

135

3Q15 2Q15 1Q15 4Q14 3Q14

Sep/15

0.0% 3.0%

97.0%

Jun/15

0.2%

5.7%

94.1%

Mar/15

0.5%

8.1%

91.4%

Dec/14

1.1%

11.0%

87.9%

Sep/14

2.3%

14.9%

82.8%

Up to Jun/10 From Jul/10 to Sep/11 After Sep/11

3Q15

2.7

0.4

2.4

2Q15

2.7

0.4

2.4

3Q14

3.4

0.6

2.8

Car dealers (R$ billion)

Multibrand car dealers (R$ billion)

5.1 5.1 5.9

NPL 90 - Managerial Loan Portfolio (%)

46

Autos - Average Tenor and Average Down payment (origination)

Auto Loans Origination (R$ billion)

Banco Votorantim

4444444544

3Q15

42%

2Q15

41%

1Q15

40%

4Q14

40%

3Q14

40%

Average tenor (months) Average down payment

3Q15

3.0

0.5

2.5

2Q15

3.0

0.5

2.5

3Q14

3.6

0.7

2.9

Other Vehicles¹ Used Cars


Allowance for Loan Losses (managerial²) – R$ million

378 293 271 358 402

212 147

672

2Q15

448

90

1Q15

417

4Q14

505

3Q14

451 74

1,075

3Q15

Wholesale Retail

(1) Cars (new), Heavy (new and used), Motorcycles (new and used) and Vans (new and used).

(2) It includes provision for credit assignment with substantial risk retention, net of credit recovery.

47

Banco Votorantim – Asset Quality – Managerial Portfolio

Delinquency and Risk(%)

New NPL¹, Write-off and NPL Formation (R$ billion)

3Q15

0.84 0.82

2Q15

0.83

-0.07

1Q15

0.58

1.05

4Q14

0.67 0.55

3Q14

0.77

0.38

Write-off New NPL¹

3Q15

10.3

89.7

2Q15

10.2

89.8

1Q15

10.5

89.5

4Q14

10.4

89.6

3Q14

10.8

89.2

D-H Levels AA-C Levels

5.3 5.2 6.5 5.7 5.9

NPL + 90 days

1.57

-0.12

1.90 0.98 0.67

New NPL / Loan Portfolio² (%)


(1) Quarterly change in the balance of past-due for over 90 days operations + current quarter write-off.

(2) It considers the Classified loan portfolio of the previous quarter.


Actuarial Assets (Previ Plano 1) – CVM 695/12

R$ million

3Q14 2Q15 3Q15

(a) Fair Value of the Plan's Assets 141,679 136,105 136,105

(b) Present Value of Actuarial Liabilities (122,205) (130,042) (130,042)

(c) Surplus BB = [(a) + (b)] x 50% 9,737 3,032 3,032

(d) Actuarial Assets (Initial Period) 9,737 6,395 3,032

(e) Anticipated Financial Results - Monthly 228 139 40

(f) Contributions of Funds 117 139 122

(g) Amount Recognized in Semi-Annual Adjustment - Shareholders' Equity - (3,641) -

(h) Actuarial Assets (Period End) = (d) + (e) + (f) + (g) 10,083 3,032 3,193


Actuarial Liabilities (Cassi) – CVM 695/12

R$ million

3Q14 2Q15 3Q15

(a) Fair Value of the Plan's Assets - - -

(b) Present Value of Actuarial Liabilities (5,790) (6,319) (6,319)

(c) Deficit BB = [(a) + (b)] (5,790) (6,319) (6,319)

(d) Acturial Liabilities (Initial Period) (5,790) (5,907) (6,319)

(e) Amounts recognized in statement of income (195) (201) (212)

(f) BB - Amount paid 113 124 142

(g) Amount Recognized in Half-Yearly Adjust-Shareholders' Eq. - (334) -

(h) Actuarial liabilities (Period End) = [(d) + (e) + (f) + (g)] (5,873) (6,319) (6,389)


Amounts recognized in equity – CVM 695/2012

R$ million

Jun/14 Previ Plano 1 Cassi Other Plans Total

Valuation Adjustments (6,905) 786 (153) (6,271)

Tax Effects 2,955 (315) 61 2,701

Effects on Shareholders Equity (3,950) 472 (91) (3,570)

Dec/14 Previ Plano 1 Cassi Other Plans Total

Valuation Adjustments (4,343) 81 (6) (4,268)

Tax Effects 1,858 (33) 2 1,828

Effects on Shareholders Equity (2,485) 49 (4) (2,440)

Jun/15 Previ Plano 1 Cassi Other Plans Total

Valuation Adjustments (3,641) (334) 92 (3,884)

Tax Effects 1,558 134 (273) 1,419

Effects on Shareholders Equity (2,083) (201) (181) (2,465)

51 51

Corporate Governance

Global Risk Committee Asset and Liability Management and

Liquidity Committee

3 Executive Board Level Comittees

14 Executive Comittees with Managing Directors

Credit Transactions Committee Human Resources Committee

3 Comittees with Executive Managers

Information Technology Committee

The Only Brazilian Bank listed in Novo Mercado, since 2006 in BM&F Bovespa listing segments for companies that voluntarily adopt the best practices for corporate governance.

Internal Controls and Operational Risk

Executive Commitee

Market and Liquidity Risk Executive Committee

Related Companies Governance

Executive Committee

Products and Services Executive Committee

Information Technology Executive Committee

Ethics Executive Committee

Credit Risk Executive Committee

Credit Limit Executive Committee

Credit Transactions Executive Committee

Capital Management Executive Committee

Prevention of Fraud in Financial and Foreign Exchange Transaction

and Information Security Executive Committee

Administrative and Operational Executive

Committee

Human Resources Executive Committee

Disciplinary Review Executive Committee

• Decisions at any level of the Company are made by Commitees. Such committees, as described below, promote the involvement of BB's executives in the definition of strategies and approval of transactions, bringing quality for the decision making process, in a timely basis.

• Objective: aggregate quality for the decision making process, mitigate risks and share experiences.

Investor Relations Executive Committee



Means of Payment - Organization Chart


Global Presence

Northeast 31.3%

Midwest 26.3%

North 27.9%

South 24.5%

Southeast 20.1%

Total = 23.6% Market Share in Brazil

Quantity of Bank Branches

(Regional Market Share)

(1) Banking Agents and Postal Bank branches.

Branches 11

Sub-branches 4

Representative Offices 7

Subsidiaries and affiliates 17

Shared Services Units 2

Banco do Brasil in the World

Presence in 24 Countries

Brazil Total Service Network Sep/15

Own Service Network 18,260

Branches 5,424

MaisBB Network¹ 14,399

Banco Postal 6,164

Shared Service Network 35,066

Total 67,725


Human Resources

Profile of Staff Members

Changes of BB’s Staff (thousand)

Education’s Level

Sep/14 Sep/15

31.5%

45.5%

22.7%

33,4%

44,3%

21,9%

0.3% 0.3%

Others

Specialization, Master’s and Doctorate

College

High School

Sep/15

114.9 5.6

109.4

Jun/15

118.0 5.6

112.3

Mar/15

117.4 5.7

111.6

Dec/14

116.9 5.3

111.6

Sep/14

117.9 6.0

111.9

Interns Employees

58.4% 41.6%

58.4% 41.6%

Sep/14 Sep/15

33.8%

44.1%

21.9%

Male Female

3q15 earnings release - bb · 2015-11-18 · 3q15 earnings release . banco do brasil s.a. – third...

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