1. Unibanco´s Consolidated Results for the Period Ended December 31, 2000
Conference Call - February 20, 2001

2. Contents
Financial Summary
Competitive Positioning
Concluding Remarks

3. Results and Capitalization
Financial Summary
Results and Capitalization
2000
1999 %
Net income (R$ million) Earnings/1000 shares
Net worth (R$ million) 5,504 4,
ROAE
ROAA
BIS Ratio - Central Bank 16.5% 17.5%

4. General Purpose Lending
Financial Summary
Loan Growth
In R$ million
Year %
change
Quarter %
Dec/99
Sep/00
Dec/00
General Purpose Lending
10,254
8,389
7,178
22.2%
42.9%
Trade Finance
3,802
3,070
3,557
23.8%
6.9%
Subtotal
14,056
11,459
10,735
22.7%
30.9%
Personal Loans
3,398
2,762
2,130
23.0%
59.5%
Real Estate
507
441
436
15.0%
16.3%
Leasing
931
769
950
21.1%
-2.0%
Credit Cards
- Balanced growth, rigor on creditworthiness (growth below market average)
- Maintain tight filter for behaviour scoring models and wholesale credit processes
- Total 34,5% ano - Orgânico (18,4) Aquisições (16,1)
- Total 23,6% ano - Orgânico (8,8) Aquisições (14,8)
- Market Growth
Estimated 35% growth of total loans in the private sector
- TRADE - mesmo nível em $ do início do ano
2,367
1,773
1,560
33.5%
51.7%
Subtotal
7,203
5,745
5,076
25.4%
41.9%
Total
21,259
17,204
15,811
23.6%
34.5%

5. Financial Summary Loan Breakdown R$ 15,811 million R$ 21,259 million
December 1999
December 2000
Retail
Banking
32%
Large
Corporate
41%
Private 1%
Credicard and
Fininvest
10%
Corporate Middle
Market
16%
49%
24% 8%
17% 2%
Change in the Mix
From To
Retail % 42%
Wholesale % 58%
R$ 15,811 million
R$ 21,259 million

6. Bandeirantes + 50% Fininvest Deposits/Loans up from 55% to 63% QoQ
Financial Summary
Deposits
In R$ million
In R$ million
Bandeirantes + 50% Fininvest
Organic Growth
Dec/00
Sep/00
Growth
Demand Deposits 2,392 1,
Savings Deposits 3,706 2,688 1,
Interbank Deposits
Time Deposits 7,053 4,995 2,058 1,
Total Deposits
13,350
9,468
3,882
2,340
1,542
Deposits/Loans up from 55% to 63% QoQ

7. Financial Summary Funding Dec/00 Sep/00 Dec/99 29,640 20,975 18,527
In R$ million
Quarter %
change
Year %
change
Dec/00
Sep/00
Dec/99
Funding in local currency
29,640
20,975
18,527
41.3%
60.0%
Funding in foreign currency
10,250
8,001
9,064
28.1%
13.1%
Total funding
39,890
28,976
27,591
37.7%
44.6%
Assets under management
20,467
17,238
13,423
18.7%
52.5%
Total Customer Funds
60,357
46,214
41,014
30.6%
47.2%
29,703
30,826
34,322
41,014
60,327 96 97 98 99
2000
Foreign currency
% do total
% do total
Foreign currency in US$ = 6.0%
Total funding (third line) was up 44.6% for the year in spite of a relatively modest growth of 13.1% in dollar funding, as demand for US dollar loans initially drop to subsequently increase.
CAGR of 19.4%, 103.1% in 4 years

8. Financial Summary Fee Income Total 470 405 16.0 1,640 1,449 13.2 4Q00
In R$ million
4Q00
3Q00 %
2000
1999 %
Tariffs and comissions
Credit Cards
Asset Management (11.3)
Total
470
405
16.0
1,640
1,449
13.2
1,640
1,449
1,368
1,244
Speech:
In spite of decrease in fee income from asset management, and narrowing spreads, fee income grew 13.2% YoY.
We expect a reversal of trends in asset management in 2001, due to gains in share in the retail market, organic growth and also acquisitions
Bandeirantes e Fininvest - brought 6%, ou R$ 25 MM (1 month-December)
Valores absolutos: Bandeirantes - R$ 19 MM, Fininvest R$ 6 MM
Specify - growth after year after Nacional acquisition
- consolidation of Band and Fininv only 1 month
Fees cash management
Other banking products
Credit car fees - billings 21% Market
- # Cards UBB % (Market 18.4%)
UBB billing %
- Credicard S/A billing %
CAGR of 16.1%, 81.4% in 4 years
904
Bandeirantes and Fininvest contributed R$ 25 million in fees in Dec/2000. 96 97 98 99
2000

9. (1) Excludes impacts of Banco Bandeirantes and 50% of Fininvest
Financial Summary
Personnel and Administrative Expenses 96 97 98 99
2000
3,002
1,837
Acquisitions of Bandeirantes, Fininvest and Credibanco contributed R$ 90 million to total expenses
Other newly consolidated companies (Cibrasec, Serasa, Banco1.net) contributed R$ 32 million to total expenses
5.6% increase in expenses YoY excluding both factors mentioned above
2,771
2,682
2,632
2,727
1,628
1,674
1,485
1,575
1,165
1,143
1,053
1,147
1,107
Fees/Personnel Exp.(%)
Fees/Total Expenses.(%)
Cost Asset Ratio(1)
2000
1999
1996
Reasoning for increase in expenses
- Collective bargaining agreement
- Marketing
- Data Processing
Migração Bandeirantes
Integration of a total of 469 branches will begin in early April with 1 branch will be migrated to Unibanco´s IT systems. This process will take place during a period of 6 months, with a peak of 50 branches being migrated every 15 days.
Personnel
Adm. Expenses
(1) Excludes impacts of Banco Bandeirantes and 50% of Fininvest

10. Financial Summary Credit Quality AA A B C D - H 22,148 17,833 17,3279%
In R$ million
10%
17,833
17,327
10% 8% 8%
10%
12%
10%
30% 9%
28%
27%
80%
82%
81%
Speech:
In spite of the 25% loan growth in the quarter, of which almost 2/3 were from the acquisitions of Bandeirantes and Fininvest, loans classified AA- B went from 80% in June to 81% by year end. D-H went up R$ MM in absolute terms, from 8.3 to 9.2 in relative terms which consumed R$ 1,317 MM in provisions in the 4th quarter, 65% of total outstanding.
Free provision of R$ 170 MM represent a more conservative provision than the minimum required by the Central Bank in each classification.
Bandeirantes´ total D-H portfolio of R$ is 1.6% of Unibanco´s total portfolio
50% of Fininvest D-H portfolio of R$ is 0.5% Unibanco´s total portfolio
Unibanco´s total D-H portfolio grew R$ 120 million QoQ, representing 0.5% of portfolio
Free provisions of R$ 170 million above minimum requirements
41%
44%
44%
2Q00
3Q00
4Q00 AA A B C
D - H

11. Gross financial intermediation = 276 + 650 (Gross do PR) = 926
Financial Summary
Consolidated Income Statement
In R$ million
4Q00
3Q00
4Q99
2000
1999
Gross Profit from Financial Intermediation ,501 3,348
Provisions for Losses (net of recovery) (276) (260) (71) (859) (870)
Fee Income ,640 1,449
Personnel & Admin. Expenses (892) (734) (715) (3,001) (2,727)
Other 78 (48) (254) (112) (303)
Income Before Tax & Profit Sharing ,
Net Income
Provision for loan losses net of recovery = Provision - loan recovery ( )=276 (neg)
Gross financial intermediation = (Gross do PR) = 926
4t00 3t00 4t

12. # of Clients (in million)
Competitive Positioning - Retail Banking
Client Base and Distribution Network
1,623 64
7.7
462
3.0
1,080
0.7
3.7
1,017
3.5
1,097
4.0
CSB - Corporate Site Branches
ISB - In Store Branches
Organic Growth
Contativa million clients in 3 years. In 2000, already
66 new branches, 135 CSB, 58 ISB
Investments R$ 181 million
Expense Growth R$ 199 million
Fininvest - Increase customer base by 18% p.ª
52 new branches in 2001
Increase cross selling
New products introduction 98 99
2000 98 99
2000
# of Clients (in million)
Points of Sale
Unibanco
Unibanco branches/CSB/ISB
Bandeirantes
Bandeirantes branches/CSB
Fininvest
Fininvest Network

13. 19.9% Competitive Positioning - Retail Banking
Customer Base - Market Share
10,000
7,500
4,450
3,600
2,500
1,500
700 25 50 18 30 35 37 40 45 55 60 65 70
Age
Income
Source: Brazil IBGE (PNAD) - All sources
Young Affluent
Affluent
Successful
Beginner
Upper Middle Family
Older Up-scale
Middle Family
Middle Core
Young Mass Market
Mass Market
Younger Lower
Older Lower
19.9%
from 2.1% to 10.8%

14. # 1 in Credit Cards in Latin America
Competitive Positioning - Credit Cards
2000
1999
Market
Share %
Transactions
R$MM
Cards
Issued
(´000)
Market
Share %
Transactions
R$MM
Cards
Issued
(´000)
100% Cartão Unibanco
3,326 7
2,512
2,550 6
2,033
100% Fininvest
534 1
1,802
336 1
1,237
100% Bandeirantes
287 1
109 - - -
Subtotal
4,147 9
4,423
2,886 7
3,270
In the credit card arena, transaction volume by 100% owned Unibanco companies was up 43.7%, from R$ 2.9 to R$ 4.1 billion, with a 2% gain in market share from 7% to 9%.
For Credicard, while market share dropped, coincidentally 2%, from 31% to 29%, volume was also up, some 15% from R$ 12,8 to R$ 14,6 billion.
33% Credicard
14,671 29
7,240
12,781 31
6,408
# 1 in Credit Cards in Latin America

15. Competitive Positioning - Wholesale Banking
in R$ billion
3.1
2.9 98 99
2000
3.8
3.6
2.4
1.7 98 99
2000
BNDES Onlendings
Trade Financing
5.6
12.4
4.4
In wholesale, measured by R$ volumes, growth was indeed significant:29% in BNDES onlendings, 24% in total loans, 27% in private banking portfolios.
Trade financing volumes were up only 6% as a result of softer demand for US dollars borrowings.
10.0
9.1
4.0 98 99
2000 98 99
2000
Total Loans
Private Banking Portfolio

16. Competitive Positioning - Wholesale Banking
Ranked #3 in disbursements of BNDES onlendings; entered 2001 as financial advisor to 37 projects demanding R$ 11 billion in financing
Maintained share in excess of 8% of trade financing
Capital Markets/Syndicated Lending: lead managed transaction totaling R$ 8.5 billion, up from R$ 7.4 billion in 1999
M&A: completed 11 advisory mandates; earned Euromoney Awards for Excellence 2000
Expanded middle market presence: increased client base and geographic presence
Particularly well positioned for increased volumes in capital markets activities for large corporates, credit for the middle market, and advisory and convenience/cash management services to both segments.

17. Competitive Positioning Insurance
1,519
1,454
1,075
997
1,150
379
349
369 98 99 00
1,346
108.0
108.3
106.5
104.7
105.0
101.2 98 99 00
Unibanco AIG
Market
Insurance (Unibanco, AIG, Trevo)
Pension Plans
Combined Ratio (%)
Premiums Written
31%
Auto
Life and
accidents
27%
Health 6%
Property
14%
10% 8% 4%
Others
CTPL
Marine
cargo
61.6
62.7
61.9
66.3
68.9
68.0 98 99 00
Unibanco AIG
Market
Claims (%)
Combined ratio
Premiums earned - (operating expenses + administrative expenses + selling expenses)/Premiums earned
Our combined ratio is one of the lowest in the market, due to our efforts in restructuring and changing the product mix
Pension Plans
Market expansion 40% (doubtful)
Unibanco AIG Previdência grew 6%
More competition in Corporate funds,
where the company is the leader
4th in premiums written
3rd in technical reserves
Unibanco AIG Seguros
Projection of expanding premiums
written in 15% again in 2001.
(2000=15% - Market grew around 13%)
Premiums Written by Segment
Brazilian Insurance Industry
Life and
accidents
Auto
33%
20%
Premiums Written by Segment
Unibanco AIG Seguros 9%
24%
Others 5%
Health 2% 7%
CTPL
Marine Cargo
Property
CTPL - Compulsory Third Party Liability

18. Competitive Positioning Asset Management
Market Share
Management fees
Assets under
management
in R$ billion
10,175
13,423
20,467
18,697
1,770 6% 5% 4%
2.66%
1.88%
1.41% 98 99
2000 98 99
2000 98 99
2000
Unibanco
Bandeirantes
Distribution Channels
Retail 41 35
Corporate 5 16
Private 7 8
Inst Invest 47 41
Focus on distribution
Lever retail volumes from organic growth and acquisitions
Focus on performance
Maintain solid position in institutional/ corporate segment and increase of volumes in Private

19. Competitive Arena - Multiple of Total Assets
Concluding Remarks
Competitive Arena - Multiple of Total Assets
1990
Multiple
1-Bradesco 2.9x
2-Itaú 2.3x
3-Santander Banespa 2.3x
4-Bamerindus 1.6x
5-Unibanco
6-Econômico 0.9x
7-Nacional 0.8x
8-Real 0.7x
Challenges:
end of inflation
growth / scale
efficiency / quality
capitalization

20. Competitive Arena - Multiple of Total Assets
Concluding Remarks
Competitive Arena - Multiple of Total Assets
1990
2000
Multiple
Multiple
1-Bradesco 2.9x
2-Itaú 2.3x
3-Santander Banespa 2.3x
4-Bamerindus 1.6x
5-Unibanco
6-Econômico 0.9x
7-Nacional 0.8x
8-ABN Real 0.7x
1-Bradesco (1) 1.8x
2-Itaú (2) 1.3x
3-Santander Banespa (2) 1.2x
4-Unibanco (1) 1.0x
5- ABN Real (3) 0.7x
6-Safra (3) 0.4x
7-HSBC Bamerindus (3) 0.4x
8-BBVA Econômico (3) 0.2x
Challenges:
declining spreads
growth / scale
efficiency / quality
We were the 5th largest, but far from the largest peers which were 2,5 to 3,5 times bigger than us, and closer to the peers which came behind us.
One decade after, we are the 4th largest, ranked by assets, but very close to the 3rd one, Santander, with much smaller differences to the larger ones, and much higher differences to the small ones.
2000 was a year of Investment, Resctructuring and “mudança de patamar”. All these actions were taken in order to leverage a group of revenues through all the segments in which Unibanco participates.
(1) As of December, (2) As of September, (3) As of June,2000

21. The Credit Opportunity
Concluding Remarks
The Credit Opportunity
December 2000
BIS
16.5%
Assets
R$ 51.5 billion
Loans
R$ 21.3 billion
Forecast:
Potential
Leverage
in 5th year
5 years
ROAE
BIS Ratio
20% Average
Loan Growth
(R$ 31.6 Billion)
R$ 10.2
billion
18%
12.4%
If we grow 20%, we will get to indexes near to what Chile was in 1994.
Credit as lever for whole spectrum of revenues
of a well balanced universal banking franchise