1. Financial Results 2002

2. Net Income R$ million 304 778 823 1,205 1H012H011H022H02 1,082 2,028 20012002

3. Net Income R$ million 137 167 446 332 349 474 605 600 1Q012Q013Q014Q011Q022Q023Q024Q02

4. 12.9 16.6 20.6 22.822.6 2001 Jan-Mar/02Jan-Jun/02Jan-Sept/02 2002 Return on Equity Annualized (%) 15%*

5. Chg, % 200120022001 4,8668,025 64.9 3,7604,444 18.2 -5,575-5,533 -0.8 -3,586-4,081 13.8 1,905330 -0.8 1,3703,185 132.5 79172 117.7 1,4493,357 131.7 -301-1,184 293.4 -66-145 119.7 1,0822,028 87.4 Income Statement Corporate Legislation - R$ million Year Flow Gross Result from Fin, Brokerage Service Income Personnel Expenses Other Administrative Expenses Other Operating Items Operating Income Non-Operating Income Income Before Taxes Income Tax and Social Contribution Statutory Profit Sharing Net Income

6. 8,747 Dec/01Dec/02Chg.% 165,120204,595 23.9 74,36490,343 21.5 40,29851,470 27.7 50,458 62,782 24.4 165,120204,595 23.9 73,43697,253 32.4 18,83124,342 29.3 21,24226,918 26.7 4,2203,876 -8.2 29,14242,117 44.5 43,75348,327 10.5 39,18449,81727.1 9,197 5.1 Balance Sheet R$ million Assets Liquidity Assets Loan and Leasing Operations Other Assets Liabilities Deposits Savings Deposits Interbank Deposits Time Deposits Open Market Funds Other Liabilities Shareholders’ Equity Demand Deposits

7. 13.8 14.1 14.5 15.0 15.4 Dec/01Mar/02Jun/02Sept/02Dec/02 61.4 66.8 64.5 57.3 66.2 16.2 17.1 17.5 15.7 17.4 Dec/01Mar/02Jun/02Sept/02Dec/02 Asset Management R$ billion Customer Base million

8. 67.4 80.3 20012002 82.0 Coverage Ratio - Accumulated (%) (Service Income /Personnel Expenses)

9. Points of Service 5,015 5,185 5,483 5,675 5,773 3,453 3,460 3,485 3,545 3,582 20011T022T023T022002 OthersBranches

10. 7.2% 24.2% 11.4% 37.0% 20.2% Variation % RegionDec/01 to Dec/02 Southeast13.8 Others8.6 Brazil10.5 Distribution Network

11. 32,287 32,810 32,936 33,002 33,645 Dec/01Mar/02Jun/02Sept/02Dec/02 Automated Teller Machines - ATMs

12. 20012002 69.2 59.1 65.0 Cost/Income Ratio - Accumulated (%) (Administrative Expenses/Operating Income)

13. Jun/02Part, %Sept/02Part, %Dec/02Part, % 3,325 4.8 3,7104.9 3,5855.1 40,377 58.9 45,99160.7 41,30358.2 24,542 35.8 25,67033.9 25,76336.3 346 0.5 4000.5 2920.4 Total68,590 100,0 75,770100,0 70,943100,0 Securities Portfolio R$ millions Available for Trading Available for Sale Held to Maturity Derivatives Balance 87.6% until 30from 31 to 180from 181 to 360over 360 74.6% 6.4% 8.5% 10.6% 7.6% 2.4% 77.2% 5.4% 2.2% 15.2% Dec/02Dec/01Sept/02

14. Credit Portfolio Profile (Multiple Bank Balances and Subsidiaries in the Country) Commercial 26,6% Others 3,3% Retail 23,8% Agribusiness 31,9% Internacional 14,4% 2002 2001 Commercial 29,4% Others 3,0% Internacional 14,6% Agribusiness 28,4% Retail 24,6%

15. Main Retail Operations R$ billions 6.4 6.7 6.9 1.8 2.0 1.3 1.4 6.7 6.8 1.9 2.1 1.5 Dec/01Mar/02Jun/02Sep/02Dec/02 Consumer Credit Overdraft AccountWorking Capital

16. Main Wholesale Operations R$ billions 5.1 5.6 5.8 1.6 1.7 2.0 2.2 2.4 2.6 6.0 6.4 1.9 2.6 2.7 Dec/01Mar/02Jun/02Sept/02Dec/02 ReceivablesInvestments Working Capital

17. Agribusinees Operations R$ billion 50.0%50.6% 50.5%51.3% 50.5% 49.5% 48.7% 49.5% 49.4% 50.0% dec/01mar/02june/02sept/02dec/02 DefrayalOthers 11.7 12.4 13.1 13.8 16.8

18. Credit Risk C and D 14.6% AA, A and B 76.9% E,F,G and H 8.5% C and D 9.7% AA, A and B 84.8% E,F,G and H 5.5% BB SFN

19. Credit Risk R$ million 20012002 49,89463,051 3,6753,801 7.46.0 2,2062,105 4.43.3 2,0342,030 877722 1,1581,309 2.32.1 5.35.9 120.4177.0 Provisions / Credit Portfolio from risk C to H Provisions / Credit Portfolio from risk E to H 2,3942,897 2,1832,604 Total Credit Portfolio Non Performing Loans NPL / Total Credit Portfolio - % NPL more than 60 days NPL more than 60 days / Total Credit Portfolio- % Write offs Credit Recovery Losses Balance Losses Balance / Total Credit Portfolio - % Provisions / Total Credit Portfolio - % Provisions / NPL more than 60 days - %

20. Market Funding R$ billion 4.2 18.8 21.2 29.1 43.8 117.2 5.6 21.4 26.3 43.0 49.7 145.9 3.9 24.3 26.9 42.1 48.3 145.6 Interbank Deposits Demand Deposits Savings Deposits Time Deposits Open Market Funds Total Dec/01Sept/02Dec/02

21. Capital Adequacy R$ millions Dec/01Sept/02Dec/02 88,826107,797103,859 10,47112,47212,024 12,06212,38913,377 1,591-821,353 14,463-74912,302 12.710.912.2 Risk weighted assets Required Shareholders’ equity Referential Equity Leverage surplus/deficit K coefficient % Shareholders’ equity surplus/deficit Balances

22. Dec/01Sept/02Dec/02 Referential Equity12,062 12,389 13,377 Tier I8,714 8,375 9,172 Capital7,435 Capital Reserves5 5 5 Revenue Reserves1,274 2,180 2,969 Detattached Account-(1,724) (1,111) Treasure Stocks-(126) Income Accounts-605 - Tier II3,348 4,014 4,205 Subordinated Debt3,314 3,979 4,180 Revaluation Reserves33 35 25

23. 13.1 Capital Adequacy Ratio- % 9.2 9.3 7.8 7.4 8.4 12.2 10.9 11.6 12.7 11.0 Dec/01Mar/02Jun/02Sept/02Dec/02

24. 12.2 11.9 11.8 12.5 11.8 Dec/01Mar/02Jun/02Sept/02Dec/02 Tax Credit R$ billion

25. 1º in Assets - R$ 204.6 billions; 1º in Asset Management - R$ 66.6 billions - 17.4% market share; 1º in deposits - R$ 97.2 billions; Leader in FX - 22% market share; Largest Distribution Network in Brazil - 9,355 points of service; Largest customer base - 15,4 million customers. Highlights

26. Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° andar 70073-901 - Brasília (DF) Phone: 55 61 310 5920 Fax: 55 61 310 3735 www.bb.com.br ri@bb.com.br