1

Unibanco´s Consolidated Results for the Period Ended

March 31, 2001Conference Call

May 10, 2001

2

Results and Capitalization

Net income (R$ million) 210 183 203 14.8% 3.4%Earnings/1000 shares 1.50 1.49 1.66 0.7% (9.6%)Net worth (R$ million) 5,714 5,504 4,195 3.8% 36.2%

ROAE 15.9% 17.6% 21.4%ROAA 1.6% 1.7% 2.3%BIS Ratio - Central Bank 15.3% 16.5% 17.6%

YoY%QoQ% Mar/00 Dec/00Mar/01

3

Loan GrowthIn R$ million

General Purpose Lending Trade Finance

Subtotal

Personal LoansReal EstateLeasingCredit Cards

Subtotal

YoY%QoQ% Mar/00 Dec/00Mar/01

10,254

55.7%

48.8%

67.4%0.2%4.0%

46.6%44.4%

6.1%10.3%

7.2%

12.9%(6.3%)(3.0%)(3.9%)

3.9%

3,80214,056

3,398507931

2,3677,203

Total 47.3%6.1%21,259

33.3%

10,874

4,193

15,067

3,835475903

2,2747,487

22,554

6,984

3,145

10,129

2,291474868

1,5515,184

15,313 UBB w/o Bandeirantesand 50% Fininvest 32.5%8.3%18,73520,295 15,313

4

December 2000

Retail Banking

32%LargeCorporate

41%

Private

1% Credicard and Fininvest

10%

Corporate MiddleMarket

16%

Loan Breakdown Loan Breakdown

R$ 21,259 million R$ 22,554 million

Corporate MiddleMarket

17%Private 1%

Credicard and Fininvest

9%

RetailBanking

31%LargeCorporate

42%

March 2001

5

41%

27%

14%10%

8%

1Q00 2Q00 3Q00 4Q00 1Q01

AA A B C D-H

16,013

44%

27%

9%12%8%

17,327

45%

28%

10%10%7%

17,833

41%

30%

10%10%9%

22,148

39%

31%

10%

11%9%

23,473

Credit Quality In

R$

mi ll

ion

6

Over 60 Days Past Due Credits / Total Loans

2.8%2.8%

3.4%3.3%3.2%

4.0%3.8%

2%

3%

4%

1Q00 4Q00 1Q01

UBB Consolidated Stand Alone + 50% FininvestWith 100% Fininvest

With Bandeirantes

7

Provision for loan losses (initial balance) 1,484 1,172 972 972 893

Expenses with provisions for loan losses 382 365 312 1,242 1,398

Incorporated Balances - 406 34 491 -Loan charge-offs (305) (459) (183) (1,221) (1,319)

Provision for loan losses (final balance) 1,561 1,484 1,135 1,484 972 Net charge-off / Total loan portfolio 1.0% 1.7% 0.5%

Loan recovery 82 89 103 383 528

In R$ million

20001Q004Q001Q01

Loan Loss Provisions

1999

3.9% 5.0%

8

Funding

In R$ million

YoY%

Funding in local currency

Funding in foreign currency

QoQ% Mar/00 Dec/00Mar/01

84.4%

32.9%

35.3%

16,526

8,639

15,016

2.8%

12.0%

(0.7%)

30,481

11,478

20,320

Total Customer Funds 55.0%40,181 3.2%62,279

Assets under management

Total funding

66.7%25,165 5.2%41,959

29,640

10,250

20,467

60,357

39,890

42.6%4.3%57,306UBB w/o Bandeirantesand 50% Fininvest 54,936 40,181

9

Deposits

In R$ million

Demand Deposits 2,484 2,392 1,418 3.8% 75.2%Saving Deposits 3,680 3,706 2,802 (0.7%) 31.3%Interbank Deposits 212 199 32 6.5% 562.5%

Time Deposits 7,720 7,053 4,239 9.5% 82.2%

Total Deposits 14,096 13,350 8,491 5.6% 66.0%

YoY%QoQ% Mar/00 Dec/00Mar/01

UBB w/o Bandeirantesand 50% Fininvest 11,694 11,009 8,491 6.2% 37.7%

10

Fee Income

In R$ million

YoY%QoQ%1Q00 4Q001Q01

UBB w/o Bandeirantesand 50% Fininvest

Tariffs and comissions 250 228 181 9.6% 38.1%Credit Cards 182 180 134 1.1% 35.8%Asset Management 66 62 49 6.5% 34.7%Total 498 470 364 6.0% 36.8%

450 364445 1.1% 23.6%

11

Personnel & Adm. Expenses

665

893 912

0

200

400

600

800

1000

1Q00 4Q00 1Q01

Profit from Financial Intermediation

631 650

819

0

200

400

600

800

1000

1Q00 4Q00 1Q01

Fees & Tariffs

364

470498

0

200

400

600

1Q00 4Q00 1Q01

26% 6%

2%

HighlightsIn R$ million

12

Personnel and Administrative Expenses

Personnel Expenses

Administrative Expenses

Total Expenses

383 346 261 10.7% 46.7%

529 547 404 (3.3%) 30.9%

912 893 665 2.1% 37.1%

In R$ million

YoY%QoQ%1Q004Q001Q01

UBB w/o Bandeirantesand 50% Fininvest 709 778 665 (9.1%) 6.6%

13

Fees & Tariffs / Personnel & Adm. Expenses

665893 912

364 470 498

1Q00 4Q00 1Q01

Personnel & Adm. Expenses

Fees & Tariffs

54.8% 52.7% 54.8%

R$

Mill

ion

Fees & Tariffs / Personnel & Adm. Expenses

14

Efficiency Ratio

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

55.2%

60.8%58.6%

64.7%

57.9%

1Q00 2Q00 3Q00 4Q00 1Q01

15

Consolidated Income StatementIn R$ million

YoY%QoQ% 1Q00 4Q001Q01

Revenue from financial intermediation 2,416 1,951 1,460 23.8% 65.5%Expense on financial intermediation (1,597) (1,301) (829) 22.8% 92.6%Profit from Financial Intermediation 819 650 631 26.0% 29.8%Fee Income 498 470 364 6.0% 36,7%Insurance, capitalization and privateretirement plans

441 372 333 18.6% 32.4%

Personnel/Administratives (912) (893) (665) 2.1% 37.1%Operating Income 286 123 227 132.5% 26.0%

Net Income 210 183 203 14.8% 3.3%

16

Effects of FX on Investments Abroad - 1Q01

Effects of FX on investments abroad 170.8Impact of Hedge on investments abroad (77.8)Gross Result 93.0

Cost of Opportunity (CDI) (56.4)Managerial Result 36.6

In R$ million

17

Priorities for 2001

Organic Growth

Integration of Banco Bandeirantes

Fininvest synergies and cross-selling

18

• 563 Bandeirantespoints of sales:

• Estimated cost reduction of 35% of Banco Bandeirantes’ annual costs, to be fully reached by 4Q01, fully impacting 2002 financials

• By Mar/01, approximately 50% of the cost reduction was reached, ahead of schedule of 40%.

Integration of Banco Bandeirantes

494 will become Unibanco points of sale 69 will be merged into existing units

19

Banco Fininvest

• Will remain as an independent brand

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

• Increase cross-selling effort of UBB products

20

Organic Growth

• Open 259 points of sale(66 full branches)

• Open 1.8 Million accounts

• Organic growth in 1Q01:11% annual running rate

3-Year Goals: