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Unibanco´s Consolidated Results for the Period Ended September 30, 2001

Unibanco´s Consolidated Results for the Period Ended September 30, 2001. Unibanco´s Consolidated Results for the Period Ended September 30, 2001. Conference Call November 9, 2001. 3Q01. 2Q01. 3Q00. QoQ%. YoY%. Net Income (R$ million) 300 221 205 35.7% 46.4%

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Unibanco´s Consolidated Results for the Period Ended September 30, 2001

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  1. Unibanco´s Consolidated Results for the Period Ended September 30, 2001 Unibanco´s Consolidated Results for the Period Ended September 30, 2001 Conference Call November 9, 2001

  2. 3Q01 2Q01 3Q00 QoQ% YoY% Net Income (R$ million) 300 221 205 35.7% 46.4% Earnings/1000 shares (R$) 2.15 1.57 1.67 36.9% 28.7% Equity (R$ million) 6,065 5,788 4,391 4.8% 38.1% Net Income and Equity

  3. 3Q01 2Q01 3Q00 ROAE 21.9% 16.2% 20.5% ROAA 2.1% 1.6% 2.1% Basle Ratio 13.3% 14.4% 16.9% (Central Bank of Brazil) ROAE 21.9% 20.5% 16.2% 3Q00 2Q01 3Q01 Results and Capital Adequacy

  4. In R$ million YoY% QoQ% Sep/01 Jun/01 Sep/00 General Purpose Lending 12,647 12,212 8,700 3.6% 45.4% 3,847 4,072 3,070 -5.5% 25.3% Trade Finance Subtotal 16,494 16,284 11,770 1.3% 40.1% Consumer Credit 4,505 4,243 2,762 6.2% 63.1% 479 466 441 2.8% 8.6% 853 894 769 -4.6% 10.9% 2,505 2,416 1,773 3.7% 41.3% Real Estate Leasing Credit Cards Subtotal 8,342 8,019 5,745 4.0% 45.2% Total 24,836 24,303 17,515 2.2% 41.8% Loan Portfolio

  5. In R$ million 41.8% 2.2% 24,836 24,303 1,370 38.8% 1,308 2.0% 23,466 17,515 31.3% 22,995 Jun/01 Sep/01 Sep/00 Unibanco and Bandeirantes 100% of Fininvest Total Growth Note: Bandeirantes was acquired in Dec/00. Loan Growth

  6. September 2001 June 2001 Corporate Middle Market Corporate Middle Market 0.8% Private 1.0%Private 14.2% 14.4% Credicard and Fininvest Credicard and Fininvest Large Corporate 8.6% 8.7% Large Corporate 45.3% 45.2% 31.2% 30.7% Retail Banking Retail Banking R$ 24,836 million R$ 24,303 million Loan Breakdown

  7. 16,013 25,457 24,901 17,327 17,833 22,148 23,473 39.1% 37.9% 40.6% 43.8% 43.9% 40.8% 41.9% R$ million 32.1% 25.5% 27.1% 29.9% 30.8% 26.7% 28.2% 10.1% 11.2% 9.3% 9.8% 10.0% 10.3% 9.9% 14.4% 11.5% 10.6% 12.7% 10.9% 10.3% 9.7% 8.7% 8.3% 9.2% 9.1% 7.8% 8.7% 9.2% Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01 Sep/01 D-H B C AA A Note: Total risk, including the loan portfolio and other receivables. Credit Quality

  8. 91% 91% 92% 92% 91% 91% 91% 25,457 24,901 23,473 22,148 17,833 17,327 16,013 Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01 Sep/01 % AA - C Total Portfolio (R$ million) Note: Total risk, including the loan portfolio and other receivables. Credit Quality

  9. 4.1 4.2 4.1 3.8 3.5 % 3.4 3.2 3.0 3.0 3.0 2.8 1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01 Unibanco consolidated Unibanco consolidated excluding Fininvest Over 60 Days Past Due Credits / Total Loans

  10. In R$ million 3Q01 2Q01 3Q00 9M01 9M00 Provision for loan losses (initial balance) 1,654 1,561 1,145 1,484 972 Expenses with provisions for loan losses 346 433 340 1,161 877 Incorporated Balances - - - - 85 Loan charge-offs (436) (340) (313) (1,081) (762) Provision for loan losses (final balance) 1,564 1,654 1,172 1,564 1,172 Net charge-off / Total loan portfolio 1.3% 1.1% 1.3% 3.3% 2.7% Loan recovery 104 74 80 260 294 Loan Loss Provisions

  11. In R$ million Jun/01 Sep/00 YoY% Sep/01 QoQ% Funds in Local Currency 31,755 31,185 20,975 1.8% 51.4% Funds in Foreign Currency 12,761 12,264 8,001 4.1% 59.5% Total Funds 44,516 43,449 28,976 2.5% 53.6% Assets Under Management 19,868 19,039 17,238 4.4% 15.3% Total Funds + Assets Under Mgt 64,384 62,488 46,214 3.0% 39.3% Funding

  12. In R$ million YoY% Sep/01 Jun/01 Sep/00 QoQ% Demand Deposits 2,295 2,290 1,685 0.2% 36.2% Savings Deposits 4,208 4,163 2,688 1.1% 56.5% Interbank Deposits 222 318 98 -30.2% 126.5% Time Deposits 9,741 8,115 4,997 20.0% 94.9% Total Deposits 16,466 14,886 9,468 10.6% 73.9% Deposits

  13. In R$ million 3Q01 2Q01 3Q00 9M01 9M00 Tariffs and Commissions 273 267 195 790 574 Credit Cards 226 202 148 621 438 Asset Management 61 59 62 186 157 Total 560 528 405 1,597 1,169 Fee Income

  14. In R$ million 3Q01 2Q01 3Q00 9M01 9M00 Multiple Bank 607 501 502 1,588 1,428 Multiple Bank ContAtiva 29 25 0 68 0 Bandeirantes 52 103 0 277 0 Subtotal Bank+Bandeirantes 688 629 502 1,933 1,428 Fininvest 95 94 39 279 105 Other Subsidiaries & Affiliates 288 239 193 742 576 TOTAL 1,071 962 734 2,954 2,109 Personnel and Administrative Expenses

  15. In R$ million 3Q01 vs. 2Q01 Total Personnel and Adm. Expenses 109 Transfer from Bandeirantes: R$ 39 Increase in service fees / others: R$ 37 Multiple Bank 110 37 39 30 4 Collective bargaining agreement 2001: R$ 30 ContAtiva: R$ 4 Bandeirantes -51 Credicard 13 Volume growth Stake increase Tecban 5 31(*) Others (*) Blockbuster R$ 5.1MM; Serasa R$ 4.6MM; Cartão UBB R$2.7MM; Branches abroad R$2.1MM; Interchange R$1.0MM; UAM R$0.5MM and others. Main Changes in Personnel and Adm. Expenses

  16. 9M01 x 9M00 In R$ million BAND UNIBANCO 1,656 277 1,933 9M01 Multiple Bank + Bandeirantes +49 2.6% BAND UNIBANCO 1,884 456 1,428 9M00 279 9M01 Fininvest +69 32.7% 105 105 210 9M00 +284 10.6% 2,954 9M01 Total Consolidated (1) 2,670 2,109 561 9M00 Reported Pro Forma (1) Includes other companies Main Changes in Personnel and Adm. Expenses

  17. 52.3% 55.0% 55.1% 1,071 962 734 R$ Million 528 405 560 3Q00 2Q01 3Q01 Personnel & Adm. Expenses Fee Income Fee Income/Personnel and Adm. Expenses Fee Income / Personnel & Adm. Expenses

  18. 58.6% 58.4% 58.2% 57.8% 29,673 19,643 3Q01 9M01 3Q00 9M00 Efficiency Ratio(*) Number of Employees (1) (Personnel Expenses + Other Administrative Expenses) / (Net Income from Financial Intermediation + Provisions for Loan Losses + Fee Income + Insurance, Capitalization and Pension Plans Premiums + Changes in technical provisions for insurance, capitalization and private retirement plans + Claims + Private Retirement plans benefits expenses + Selling and other insurance and private and private retirement plans expenses expenses + Credit card selling expenses + Taxes + Other Operating Income - Other Operating Expenses) Efficiency Ratio

  19. In R$ million 9M00 9M01 3Q01 2Q01 3Q00 Revenue from financial intermediation 3,405 2,546 1,665 8,368 4,767 Expense on financial intermediation (2,365) (1,726) (1,008) (5,688) (2,775) Profit from financial intermediation 1,040 820 657 2,680 1,992 Fee Income 560 528 405 1,597 1,169 Insurance, capitalization and private 454 417 363 1,311 1,016 retirement plans Personnel / Administrative (1,071) (962) (734) (2,954) (2,109) Operating Income 419 316 180 1,002 641 Net Income 300 221 205 731 556 Consolidated Income Statement

  20. In R$ million 3Q01 2Q01 Exchange rate fluctuation on investments abroad 310.6 125.2 Cost of Hedge (141.8) (46.5) Income abroad 168.8 78.7 Opportunity Cost (75.7) (64.5) Managerial impact of investments abroad 93.0 14.2 Effects of FX on Investments Abroad

  21. BIS Ratio - June 30, 2001 14.4% Changes in the quarter: - Risk weighted assets growth (0.6)% - Equity growth 0.6% (mainly net income) - Foreign exchange exposure (1.1)% (according to Central Bank’s guidelines) BIS Ratio - September 30, 2001 13.3% BIS Ratio

  22. ContAtiva : 1.8 million customers 3 year-goal (Jan/01 to Dec/03) Open: 66 branches 135 Corporate-site 58 In-store branches Investments: R$180 million Expense Growth: R$200 million Incremental Income: R$500 million Organic Growth Plan - ContAtiva

  23. New Accounts Opened - Jan to Sep/01 Goal 540,000 Real 643,000 119% September : 85,000 Annualized growth rate: 19%p.a. Organic Growth Plan - ContAtiva

  24. # Branches Banco Bandeirantes’ Integration Ongoing Running Rate Baseline R$ 597,890 Estimated R$ 385,932 35% Real+Integr R$ 365,909 39% 60 40,000 54 53 52 50 47 35,000 47 48 48 30,000 35 Concluded R$ million # branches 25,000 20,000 10 15,000 10,000 4 1 5,000 31-Aug 18-May 17-Aug 03-Aug 14-Sep 28-Sep 27-Apr 08-Jun 22-Jun Nov Dec 19-Oct 06-Jul 20-Jul Actual Expenses Estimated Expenses

  25. Branch migration fully completed by October 2001 Estimated reduction of 35% of Banco Bandeirantes’ annual costs, was exceeded reaching 39% at the end of September Banco Bandeirantes’ Integration

  26. 50/50 joint-venture between Unibanco and Globex, controlling • shareholder of Ponto Frio • Ponto Frio: 2nd largest consumer durables retail franchise - 8.7 million clients, 350 stores, R$ 2.5 billion in annual sales • Some 2 million contracts outstanding; credit portfolio of R$ 430 million as of June/2001 • Expected portfolio growth: 16-20% p.a. for 2002/2003 • 10% p. a. for 2004-2006 • Supports commercial operations of other retailers through an integrated system and delivery platform • Cross selling opportunities Strategic Alliance: Ponto Frio

  27. 50/50 joint venture between Fininvest and Magazine Luiza • Magazine Luiza: 3.3 million clients, 111 stores in 92 cities, R$ 600 million in annual sales, strong presence in the interior of São Paulo, western Paraná and southern Minas Gerais - highly complementary to Ponto Frio´s network • Cross selling opportunities • Allows Fininvest to have access to Magazine Luiza’s client base • Deal concluded on Sep 10th; financial settlement by the end of September and beginning of operations in October 1st. Strategic Alliance: Magazine Luiza

  28. Unibanco joined the Dow Jones Sustainability Index (DJSI) in the last annual revision. The DJSI consist of the leading sustainability companies in 33 countries. The index encompass the top 10% of the companies that lead their industry in terms of economic, environmental and social criteria. Unibanco is the first Brazilian company to obtain a corporate governance rating. The company was graded with a 8.4 ranking on a 1-10 scale by SR Rating, which represents an advanced stage of corporate governance. The rating is based on best Brazilian and international corporate governance practices. Acknowledgement

  29. For more information contact ourInvestor Relations Area at phone: 55-11-3097-1626 / 1313fax: 55-11-3813-6182email: investor.relations@unibanco.com.br IR site: www.unibanco.com (select Investor Relations Option)

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