1

Unibanco´s Consolidated Results Unibanco´s Consolidated Results for the Period Ended for the Period Ended

June 30, 2001June 30, 2001Conference Call

August 17, 2001

2

Net Income and Equity

YoY%QoQ% 2Q00 1Q012Q01

Net Income (R$ million) 221 210 148 5.2% 49.3%Earnings/1000 shares (R$) 1.57 1.50 1.21 4.7% 29.8%Equity (R$ million) 5,788 5,714 4,186 1.3% 38.3%

3

Results and Capital Adequacy

ROAE 14.9% 15.9% 16.2%

ROAA 1.6% 1.6% 1.6%

Basle Ratio 16.2% 15.3% 14.4%(Central Bank of Brazil)

2Q01 1Q012Q00

ROAE

14.90%

15.90%16.20%

2Q00 1Q01 2Q01

4

Loan PortfolioIn R$ million

YoY%QoQ% Jun/00 Mar/01Jun/01

4,243 3,835 2,539 10.6% 67.1%466 475 489 -1.9% -4.7%894 903 795 -1.0% 12.5%

2,416 2,274 1,703 6.2% 41.9%

General Purpose Lending Trade Finance

Personnel LoansReal EstateLeasingCredit Cards

11,891 10,874 7,817 9.4% 52.1%4,072 4,193 3,325 -2.9% 22.5%

Subtotal 15,963 15,067 11,142 5.9% 43.3%

Subtotal 8,019 7,487 5,526 7.1% 45.1%

Total 23,982 22,554 16,668 6.3% 43.9%

5

Bandeirantes 50% FininvestUnibanco

Organic Growth Total Growth

Loan Growth

% Change 2Q01/2Q00Unibanco: 32.6%

Total: 43.9%

In R$ million

21.76%8.93%

Mar/01 Jun/01Jun/00

20,295

16,668

22,109

1.646613

22,5541.219

65423,982

35.31%

6.22%

6

Loan Breakdown

R$ 22,554 million

March 2001

LargeCorporate

Corporate MiddleMarket

1% Private

RetailBanking

42%

31%

17%

9%

R$ 23,982 million

June 2001

LargeCorporate

Corporate MiddleMarket

Credicard and Fininvest

RetailBanking

44%

32%

9%

14% 1% Private

Credicard and Fininvest

7

Credit Quality R

$ m

illio

n

Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01

16,013 17,327 17,833 22,148 23,473 24,901

AA A B C D-H

41% 44% 45% 41% 39% 38%

27% 27% 28% 31% 32%30%

10%10% 9% 10% 10% 10%

14% 10%12% 10% 11% 11%

8% 8% 7% 9% 9% 9%

Note: Total risk, including the loan portfolio and other receivables.

8

Credit Quality

91%91%91%93%92%92%

24,90123,473

22,148

17,83317,32716,013

Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01

% AA - C Total Portfolio (R$ million)

Note: Total risk, including the loan portfolio and other receivables.

9

Over 60 Days Past Due Credits / Total Loans

2,63.4

3.8

3.0 3.0 2.7 2.3 2.3

3.2

4.23.8 4.1

Mar/00 Jun/00 Sep/00 Dec/00 Mar/01 Jun/01

%

Unibanco Consolidated excluding Bandeirantes and FininvestUnibanco Consolidated excluding BandeirantesUnibanco Consolidated

10

In R$ million

Loan Loss Provisions

1S012Q001Q012Q01 1S00Provision for loan losses (initial balance)

Expenses with provisions for loan losses

Incorporated Balances

Loan charge-offs

Provision for loan losses (final balance) Net charge-off / Total loan portfolio

Loan recovery

1,561 1,484

1,135

1,484

972

433 382

225

815

537

- -

51

-

85

(340) (305)

(266)

(645)

(449)

1,654 1,561

1,145

1,654

1,145

1.1% 1.0%

0.9%

2.0%

1.4%

74 82

110

156

213

11

Funding

Funds in Local Currency 31,185 30,481 21,488 2.3% 45.1%

Funds in Foreign Currency 12,264 11,478 8,900 6.8% 37.8%

Total Funds 43,449 41,959 30,388 3.6% 43.0%

Assets Under Management 19,039 20,320 16,184 -6.3% 17.6%

Total Funds + Assets Under Mgt 62,488 62,279 46,572 0.3% 34.2%

QoQ% Jun/00Mar/01 YoY%

In R$ million

Jun/01

12

Deposits

Demand Deposits 2,290 2,484 1,537 -7.8% 49.0%

Savings Deposits 4,163 3,680 2,740 13.1% 51.9%

Interbank Deposits 318 212 71 50.0% 347.9%

Time Deposits 8,115 7,720 5,472 5.1% 48.3%

Total Deposits 14,886 14,096 9,820 5.6% 51.6%

Jun/00Mar/01 Jun/01 QoQ% YoY%

In R$ million

13

Fee Income

1S001S011Q01

Tariffs and Commissions 267 250 198 517 379

Credit Cards 192 182 157 374 291

Asset Management 59 66 46 125 95

Total 518 498 401 1,016 765

2Q002Q01

In R$ million

14

Main Changes in Personnel and Adm. Expenses1S01 vs. 1S00 - Consolidated In R$ million

226

488

97

93

19

17

10Credicard

Banco1.net

Insurance Pillar

Multiple Bank

Fininvest

Bandeirantes

Total Personneland Adm. Expenses

Acquisitions

AIG Brasil and Trevo’s administrative expenses were consolidated in UASEG

Consolidated as stand alone company since Nov/00

Volume growth

3954 R$ 39 million correspond to organic growth plan(ContAtiva)

15

Main Changes in Personnel and Adm. Expenses1S01 x 1S00 - Multiple Bank

In R$ million

1S00

1S01

1S00

1S01 1,019

926

1S00

1S01 163

13266

1S00

1S01 226

299

1,863

1,740

Multiple Bank

Fininvest

Bandeirantes

Total Consolidated (*)

1,375

+31 24%

+93 10%

- 73 - 25%

+123

7%

39

ContAtiva

66

365

Reported Prior to AcquisitionNotes: For visual purpose only. (*) Includes all other companies such as Credicard, Seguros etc.

16

R$

Mill

ion

Fees & Tariffs / Personnel & Adm. Expenses

710

912

951

401 498 518

2Q00 1Q01 2Q01

56.5% 54.8% 54.4%

Personnel & Adm. Expenses

Fee Income

Fee Income/Personnel and Adm. Expenses

17

Efficiency Ratio

(1) Excluding extraordinary earnings(2) Administrative Expenses / (Profit from Financial Intermediation - Allowance for loan losses + Fees & Tariffs + Other Taxes + Other Operating income/Expenses)

60.8%56.7%(1)

60.0%

19,45720,607

98 99 00 1Q01

28,752

28,384

58.6%

2Q01

56.0%

28,846

Efficiency Ratio(2)

Number of Employees

18

1S001S01 2Q00 2Q01 1Q01

Revenue from financial intermediation 2,546 2,416 1,641 4,962 3,102

Expense on financial intermediation (1,726) (1,597) (937) (3,323) (1,767)

Profit from financial intermediation 820 819 704 1,639 1,335

Fee Income 518 498 401 1,016 765

Insurance, Capitalization and private 417 441 321 858 654retirement plans

Personnel / Administratives (951) (912) (710) (1,863) (1,375)

Operating Income 316 266 234 582 461

Net Income 221 210 148 431 351

In R$ million

Consolidated Income Statement

19

Effects of FX on Investments Abroad

2Q01 1Q01

Exchange rate fluctuation on investments abroad 125.2 170.8Hedge effect on investments abroad (46.5) (77.8)Income abroad 78.7 93.0

Opportunity Cost (64.5) (56.4)

Managerial impact of investments abroad 14.2 36.6

In R$ million

20

2001 Priorities

• Customer base expansion

• Banco Bandeirantes integration

• Fininvest synergies

21

Organic Growth

3-Year Goals:

• Open 259 points of sale (66 full branches)

• Open 1.8 million accounts

• Organic growth attained in 1S01: an annualized rate of 14%

22

14

10

35

47 4752 54 53

48 48 50

0

10

20

30

40

50

60

Apr May Jun Jun Jul Jul Aug Aug Aug Sep Sep Oct Nov Dec20,000

25,000

30,000

35,000

40,000

45,000

50,000

Banco Bandeirantes Integration

Estimated Expenses

ActualExpenses# Branches

R$

Mill

ion

23

• Estimated reduction of 35% of Banco Bandeirantes’ annual costs,fully impacting 2002 financials.

• In June 2001, approximately 3/4 of the planned cost effectiveness had already been attained, ahead of the original timetable,

which had estimated 57% in June .

Banco Bandeirantes Integration

24

Banco Fininvest

• Increase cross-selling of Unibanco’ s products (pilot plans have already begun)

• 3-year back-office integration plan (with the Retail bank and credit card company)

• Will remain as an independent brand

25

Unibanco Network - 1S01/1S00 Growth

Increasing Scale

ATMs Branches

39%

21%

5%

Unibanco Peer A Peer B

37%

20% 20%

Unibanco Peer A Peer B

36%

5%11%

Unibanco Peer A Peer B

PABs (Corporate-site)

26

33%

12%17%

6%3% 4%

Unibanco Peer A Peer B

1S01/1S00 1S01/2S00

Increasing Scale

Growth

Client Base Growth

Organic Growth

14%

4%

16%

6%3% 4%

Unibanco Peer A Peer B

1S01/1S00 1S01/2S00

27

Segment Average Products per Client Mar/97 Mar/00 Mar/01

Uniclass 3.3 6.1 6.1

Exclusive 3.1 4.7 5.0

Special 1.5 3.3 4.0

Total 2.6 4.7 4.9

< 1 year clients = 4.2

> 1 year clients = 5.2Scale = Clients x Transactions

Increasing Scale

28

Corporate Governance Level 1 (Novo Mercado)

• We highlight Unibanco and Unibanco Holdingsjoining Level 1 of Bovespa’s Corporate Governance

• 23.3% weight in the Corporate Governance Index

• Strengthened commitment to high quality disclosure

29

MSCI Latin American Index

• Unibanco’s weight was increased from 0.69% to 1.13% in May.

• This growth placed Unibanco among the 15 Latin American companies that achieved the greatest increase in their relative weight in the index (15 top gainers).