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RESULTS

PRESENTATION

2Q l 2015

Disclaimer

This presentation may contain references and statements representing future expectations,

plans of growth and future strategies of BI&P. These references and statements are based on

the Bank’s assumptions and analysis and reflect the management’s beliefs, according to their

experience, to the economic environment, and to predictable market conditions.

As there may be various factors out of the Bank’s control, there may be significant differences

between the real results and the expectations and declarations herewith eventually anticipated.

Those risks and uncertainties include, but are not limited to, our ability to perceive the dimension

of the Brazilian and global economic aspect, banking development, financial market conditions,

and competitive, government and technological aspects that may influence both the operations

of BI&P as the market and its products.

Therefore, we recommend the reading of the documents and financial statements available at

the CVM website (www.cvm.gov.br) and at our Investor Relations page in the internet

(www.bip.b.br/ir) and the making of your own appraisal.

.

2

Highlights

3

Banco BI&P announces capital increase of R$ 80 mm, fully guaranteed by controlling shareholders; constitution of additional

provision to cover possible losses from credit transactions related to Ceagro Agrícola Ltda.; intentional reduction of its loan

portfolio and strengthening its focus in fee-related platforms.

The Expanded Credit Portfolio of the Bank was reduced intentionally from R$4.1 bi in December 2014 to the current R$2.7 bi (August

11, 2015). We plan to reduce it further to around R$2.3 bi in the next months, on account of the challenging macroeconomic

scenario. We will continue operating in specific niches of the credit market that offer significant value generation capacity or that will

originate investment banking operations. However, we will be cautious, given the uncertainties caused by the current scenario.

Expanded Credit

Portfolio was

intentionally reduced

We constituted a provision for ALL, already reflected in the Income Statement on June 30, 2015, in the amount of R$210 mm, which,

in the Management’s opinion, conservatively covers possible temporary losses arising from the bank’s exposure to Ceagro and to the

CPRs originated by the company. According to our legal advisors, the Bank has very good chances of recovering notably the CPRs

through negotiations and legal action - already in due course – against the producers or distributors that endorsed the operations. We

consider this provision for ALL as a result of a punctual and non-recurring problem.

Increase in ALL of

R$210 mm

After the capital increase, the Bank will have shareholders’ equity of approximately R$620 mm, and will operate with a Basel ratio of

over 17%, one of the highest in our segment, when we achieve the targeted expanded credit portfolio of R$2.3 bi in the coming

months.

We also maintained a healthy cash balance: R$942 mm on June 30, 2015, equivalent to 29% of our total deposits.

Figures after Capital

Increase

Free Cash

The Management also remains committed to reducing costs, planning to reduce personnel and administrative expenses in the

second half of 2015.

The Management

remains committed to

reducing costs

An Extraordinary Shareholders Meeting has been called for August 31, 2015 to deliberate on the capital increase of R$80 mm. This

capital increase, offered to all shareholders of the Company, will be fully guaranteed by the controlling shareholders, who reaffirm

their confidence in the strategy rolled out by the bank.

Capital increase of

R$80 mm

We wish to reiterate that the Bank’s remaining credit portfolio present a healthy track-record. Excluding the specific and non-recurring

event related to Ceagro operations, our managerial allowance for loan losses (ALL) in the second quarter of 2015 would only be

R$1.5 million, which annualized it is equivalent to 0.2% p.a. of the current Expanded Portfolio of R$3.0 billion (June 30, 2015) –

maintaining the managerial ALL at the healthy rate of 1% p.a. for the past twelve months.

Excluding the specific

and non-recurring

event related to

Ceagro operations

3,920 3,992 4,136 3,853

3,030

2,300

Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Oct 15*

R$ m

illio

n

Loans and Financing in BRL Trade Finance

Guarantees Issued (L/G and L/C) Agricultural Bonds (CPR, CDA/WA & CDCA)

Private Credit Bonds (Debentures)

Expanded Credit Portfolio

4 * Expanded credit portfolio forecast.

** Other Credits include Non-Operating Asset Sales Financing, Consumer Credit Vehicles, and Acquired Loans

Average Exposure per

Client | R$ mm Jun 14 Mar 15 Jun 15

Corporate 12.9 11.6 11.2

Emerging Companies 3.1 3.2 3.2

59.1%

60.9%

40.3%

38.5%

0.6%

0.6%

Jun 14

Jun 15

Corporate Emerging Companies Other**

The Expanded Credit Portfolio of the Bank was reduced intentionally from R$4.1 bi in December 2014 to the

current R$2.7 bi (August 11, 2015). We plan to reduce it further to around R$2.3 bi in the next months.


5

Loans & Financing in BRL*

54%

Trade Finance*

5%

BNDES Onlendings

11%

Guarantees Issued

5%

Agricultural Bonds 23%

Private Credit Bonds

2% Other 0%

June 2014

13.4%

13.9%

16.2%

27.5%

30.6%

33.0%

26.2%

26.4%

27.6%

33.0%

29.1%

23.2%

Jun 14

Mar 15

Jun 15

Client Concentration

top 10 11 - 60 largest 61 - 160 largest Other

Loans & Financing in BRL*

52%

Trade Finance*

3%

BNDES Onlendings

12%

Guarantees Issued

5%

Agricultural Bonds 25%

Private Credit Bonds

2% Other 1%

June 2015


6

13.6%

1.5%

1.7%

1.9%

2.0%

2.3%

2.3%

2.6%

3.5%

3.9%

4.1%

4.3%

5.5%

6.9%

10.7%

12.0%

21.0%

Others Industries (less than 1.4%)

Raw Materials

Financial Activities

International Commerce

Metal Industry

Chemical & Pharmaceutical

Textile, Leather and Confection

Power Generation & Distribution

Commerce - Retail & Wholesale

Infrastructure

Transport and Logistics

Automotive

Livestock

Food & Beverage

Oil, Biofuel & Sugar

Real Estate

Agriculture

June 2014

15.0%

1.4%

2.1%

2.2%

2.4%

2.5%

2.6%

3.1%

3.1%

3.4%

6.6%

6.9%

7.7%

13.7%

27.4%

Other Sectors (less than 1.4%)

International Commerce

Power Generation & Distribution

Financial Activities

Infrastructure

Automotive

Commerce - Retail & Wholesale

Textile, Leather and Confection

Raw Materials

Transport and Logistics

Food & Beverage

Livestock

Oil, Biofuel & Sugar

Real Estate

Agriculture

June 2015

We will continue operating in specific niches of the credit market that offer significant value generation capacity

or that will originate investment banking operations. However, we will remain cautious, given the uncertainties

caused by the current scenario.

Case Ceagro Agrícola Ltda.

7

CEAGRO AGRÍCOLA

LTDA

A soy and corn trading company with a long-time presence in the state of Mato Grosso.

In recent years, the company disclosed to the market audited balance sheets that

reflected excellent financial results, as well as high levels of liquidity, profitability and

growth.

CI&BI

(JV DEACTIVATED)

In 2013 we set up, together with the company, a structure (since deactivated) to originate

for the bank, Rural Product Certificates (CPRs), which are debt securities issued by

farmers that stipulate the delivery of a certain quantity of grains at the end of the harvest.

ORIGINATION TRACK

RECORD

These CPRs were issued by hundreds of farmers, whose plantations were constantly

monitored by our team and by a specialized company hired by the Bank. During these

four years, the CPRs originated by Ceagro had, until the latest crop, registered losses of

less than 0.2% of the total volume originated.

2014/15 CROP

In the 2014/15 crop the Bank acquired CPRs originated by Ceagro and issued by 147

farmers, a substantial portion of which had also been endorsed by important distributors in

the region. In this period, we also granted to Ceagro an Advance on Foreign Exchange

Contracts (ACC).

CEAGRO DISCLOSED

NEW FINANCIAL

STATEMENTS WITH

ADJUSTMENTS

In 2015, to the surprise of the market, the company disclosed new financial statements

that suffered adjustments in hundreds of millions of Reais, with a significant reduction in

cash, accounts receivable and inventory. These adjustments were never reasonably

explained by the company or its auditors, who alleged significant losses not only in 2014

but also in previous years.


8

IMPACT ON CRP’S

ORIGINATED BY THE

JV WITH CEAGRO

Recently we discovered that the product for the settlement of a portion of CPRs held by

us was inappropriately received by Ceagro despite our notifications and records to

producers, distributors and the respective buyers of these products. According to our legal

advisors, we have rights on all the CPRs held by us and are adopting negotiations and

legal measures to defend our rights, both with Ceagro and with all the sureties and

guarantors to receive the full amount.

INCREASE IN ALL

However, some of these negotiations and legal executions could take time and hence we

are setting aside a provision of R$210 mm in the income statement dated June 30, 2015.

In the Management’s opinion, this provision conservatively covers possible temporary

losses arising from the bank’s exposure to Ceagro and the CPRs originated by it.

According to our legal advisors, the Bank has good chances of recovering notably the

CPRs through negotiations and legal action - already in due course – against the

producers or the distributors that endorsed the operations.


9

INCREASE IN ALL

Of the R$210 mm provisioned, R$131 mm was set aside as additional provisions not

allocated and R$79 mm as the portion of credit risk while marking to market the exposure

classified under marketable securities.

SHAREHOLDERS’

EQUITY LEVELS

After the increase in ALL levels the Bank shareholders’ equity totaled R$539 mm on June

30, 2015 (R$671 mm on March 31, 2015). After the capital increase, the Bank will have

shareholders’ equity of approximately R$620 mm, in line with the intentional reduction of

its loan portfolio and strengthening of its focus in fee-related platforms which requires

lower capital allocation levels.

After the capital increase, the Bank will have shareholders’ equity of approximately R$620 mm, and will operate

with a Basel ratio of over 17%, one of the highest in our segment.

Free Cash

10

748 717 749 662

942

Jun 14 Sep 14 Dec 14 Mar 15 Jun 15

R$ m

illio

n

Free Cash

2,149

327

774 571 942

- - -

1,036

719 653

1,114

90 days 180 days 360 days +360 days

R$ m

illio

n

Assets and Liabilities management

June 2015

Assets Free Cash Liabilities

29% of total

deposits

We maintained a healthy cash balance: R$942 mm on June 30, 2015, equivalent to 29% of our total deposits.

Net Interest Margin (NIM)

11

4.43% 4.12% 4.14% 4.04%

4.07%

2Q14 3Q14 4Q14 1Q15 2Q15

Net Interest Margin (NIM)

Managerial net interest margin with clients was 4.07% in 2Q15, stable in the quarter.

Fees, Client Desk, IB and Brokerage Revenues

12

17.9 15.9 15.1

13.8 14.1

30.0 27.9

2Q14 3Q14 4Q14 1Q15 2Q15 1H14 1H15

R$ m

illio

ns

Commercial Fee Client Desk IB Guide Investimentos

In 2Q15, Income from services rendered by Guide Investimentos accounted for 54% of total Revenue from Fees,

Client Desks, IB and Brokerage, which underlines the results of the investments made in this platform.

Expanded Credit Portfolio Quality

13

2.0% 2.0% 2.1%

2.8% 2.4%

1.8% 1.5% 1.7%

2.1% 2.0%


Delinquency (NPL)

NPL 60 days NPL 90 days

0.87% 1.05% 0.97% 1.09% 1.01%

0.66% 1.45% 0.67% 1.58% 0.30%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

-6.00%

-1.00%

4.00%

9.00%

14.00%


Managerial ALL Expense 1

Last 12-month Managerial ALL Expense

Quarterly Managerial ALL Expense annualized

We highlight that the exposure related to Ceagro and the CPRs originated by the company didn't have any

impact in the NPL indicator, since these operations were at the Securities Portfolio.

Considering the Ceagro event, both with respect to its direct exposure and to

CPRs originated thereby, the indicators would be: NPL 60: 14.4%; NPL 90: 10.9%;

Managerial expense with allowance for loan losses in the last 12 months: 4.94%

1 Managerial ALL Expense = ALL expense + Discounts granted upon settlement of loans – Revenues from recovery of loans written

off + Adjustments due to the shareholders’ agreement at the time of acquisition of Banco Intercap and to credit assignments.

Time Deposits

(CDB) 21%

DPGE I 23%

DPGE II 10%

LCA 28%

LF & LCI 3%

Interbank & Demand Deposits

2%

Onlendings 6%

Foreign Borrowings

7%

Jun 14

4,135 4,186 4,386

4,071

3,542


R$ m

illio

n

Local Currency Foreign Currency

Funding

14

Time Deposits

(CDB) 29%

DPGE I 20%

DPGE II 8%

LCA 30%

LF & LCI 5%

Interbank & Demand Deposits

1%

Onlendings 4%

Foreign Borrowings

3%

Jun 15

Funding reduction in line with the intentional decrease of Credit Portfolio.

Funding products are distributed to almost 17,000 depositors promoting more stability.

Funding by type of investor

Companies 18.2%

Private 8.4%

Retail 11.4%

Brokerage Houses 17.2% Institutional

40.6%

Banks 4.2%

Jun 14

Companies 11.4%

Private 7.3%

Retail 13.2%

Brokerage Houses 35.6%

Institutional 31.9%

Banks 0.5%

Jun 15

1,038 1,193 1,330 1,483 1,871 2,538 3,973

5,863 7,337

9,002

11,003

13,851

16,973

Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15

# of Depositors

Banks Companies Institutional Private Retail Brokerage Houses

Retail

37.1%

Retail

56.1%

15

Guide Investimentos

16

• Omar Camargo: R$500 million of AUM and 1,320 active clients

• Geraldo Correa: R$300 million of AUM and 702 active clients

• Bullmark: R$600 million of AUM e 1,080 active clients

• SLW: R$1,900 million of AUM. Migration process initiated in April

• Simplific Pavarini: R$500 million (waiting for Brazilian Central Bank approval)

ACQUISITIONS

• Open investment platform: selection of the best products available in the market

• Impartial approach: single fee charged on AUM

• Innovative suitability analysis process: personal documents not required to open an account

GUIDE’S CLIENT

EXPERIENCE

• Expectation of R$4.0 billion of assets under management after the migration process is concluded

• 10,000 active clients are expected after the migration process is concluded INDICATORS

1.0 2.1

4.0

Jun 14 Mar 15 Jun 15

R$ b

illio

n

Assets under Management (AUM)

2,861

5,200

8,500

Jun 14 Mar 15 Jun 15

Active Clients

Banco BI&P increased the capital of Guide by R$10 mm on July 31, 2015 to sustain its strategy of accelerated

growth and inorganic growth.

22.8 20.8 22.6 19.3 18.8

11.0 11.2 11.8 11.1 10.9

349 332

309 301

252

0

50

100

150

200

250

300

350

400

-

10.00

20.00

30.00

40.00

50.00

60.00

70.00

2Q14 3Q14 4Q14 1Q15 2Q15 2Q14 3Q14 4Q14 1Q15 2Q15

Personnel and Administrative Expenses*

Personnel Expenses Administrative Expenses Headcount

Cost control

17

-0.4%

The Management also remains committed to reducing costs, planning to reduce personnel and administrative

expenses in the second half of 2015.

* Information based on the managerial income statement of the financial conglomerate without Guide Investimentos.

Details in the 2Q15 Earnings Release.

671.4 672.8 676.6 671.4 538.2

620.0

5.8x 5.9x 6.1x 5.7x 5.6x 4.0x

-10.0x

-8.0x

-6.0x

-4.0x

-2.0x

0.0x

2.0x

4.0x

6.0x


R$ m

illio

n

Shareholders’ Equity and Leverage

Profitability, Capital Structure & Ratings

18

Agency Rating Last

Report

Standard

& Poor’s

National: brA-/Negative/brA-2

Global: BB-/Negative/B Jul/15

Moody’s National: Baa2.br/Stable/BR-3

Global: B1/Stablel/Not Prime Mar/15

Fitch

Ratings National: BBB-/Stable/F3 Sep/14

RiskBank

Índice RiskBank: 9.66

Low Risk Short Term

Disclosure: Excellent

Jul/15

13.3% 13.2% 13.1% 13.0% 12.4%

17.0%


Basel Index (Tier I)

1.1 1.7 2.0

-6.7


R$ m

illio

n

Net Result

-134.7

* Shareholders’ equity of approximately R$620 mm and Credit portfolio of R$2.3 billion .

After said capital increase, the Bank will have shareholders’ equity of approximately R$620 mm, and will operate

with a Basel ratio of over 17%, one of the highest in our segment, when we achieve the targeted expanded credit

portfolio of R$2.3 billion in the coming months.

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