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1 Institutional Presentation September, 2010

2 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 2

3 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 3

4 Overview of the Brazilian Credit Market Credit Evolution in Brazil (% of GDP) Aug-10 Total credit operations of the financial system - R$Billion Loan to Companies up to R$ 100 million R$ Billion , , , % 71% 71% % 70% 69% 70% 30% 31% 30% 29% 29% 30% 29% Aug Jul-10 Up R$ From R$ to R$ 10 million Source: Brazil Central Bank 4

5 Brazilian Credit Market vs. Banco Daycoval Total Loan Portfolio (1) - R$ Million Financial System Total Credit Operations vs. Banco Daycoval (% p.a.) 112% CAGR 04 09: 43.3% 5,546 67% ,680 3,574 4,020 4,033 19% 40% 22% 51% 21% 28% 31% 15% 15% 9% 38% M10-1% M10 Banco Santos Crisis / Beginning of Payroll Loans IPO World Crisis Brazilian Credit Volume Daycoval Loan Portfolio Branch Expansion Program (1) Includes Avals and Sureties 5

6 Consistent Funding in Good and Bad Times Total Funding 1 - R$ Million 5,076 CAGR 04 09: 36.0% 2,977 3,273 3, ,226 1, M10 Banco Santos Crisis / Creation of Daycoval Asset Management Eurobond US$ 120 mn / FIDC Middle Eurobond US$ 225 mn / World Crisis Eurobond US$ 300 MM / Syndicated Loan (IFC) US$165 MM Eurobond US$ 65 mn IPO / AB Loan-IFC US$ 115 mn Private Placement R$ 410 mn 1 Funding = Total Deposits + Foreign Issuances + Borrowing and Onlendings (does not include FIDC) 6

7 Financial System Ranking Daycoval Ranking Private National Banks Net Income 14º Shareholders Equity 16º Total Assets 22º Total Deposits 24º Source: Brazil Central Bank June 2010 Tradicional Bank, with over 40 years of operation. Recognized in the market for its conservative profile, solid stance, credibility and excellence in the management of its businesses. 7

8 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 8

9 Distribution and New Service Outlets National Presence Recently opened two exchange on Avenida Paulista, Brazil s major business hub. Seven Daypag offices in major cities of São Paulo State: Osasco, Barueri, Guarulhos, Atibaia, Campinas, Ribeirão Preto, Mogi Guaçu, and Detran São Paulo 29 Branches São Paulo SP - HQ 761 employees Alphaville Bom Retiro Faria Lima Brás Aracaju - SE Belém - PA Belo Horizonte - MG Brasília - DF Campinas - SP Campo Grande - MS Caxias do Sul - RS Cuiabá - MT Curitiba - PR Florianópolis - SC Fortaleza - CE Goiânia - GO Guarulhos - SP Londrina - PR Maceió - AL Manaus - AM Natal - RN Porto Alegre - RS Recife - PE Ribeirão Preto - SP Rio de Janeiro - RJ Salvador - BA São Bernardo - SP Vitória - ES 9

10 Daycoval s Market Capital and Corporate Structure Stock Performance 3Q10 Capital Structure September/10 DAYC4 (R$) 3Q10 3Q10 Chg. % 3Q09 Chg. % Closing Quotation % % High for the quarter % % Average for the quarter % % Low for the quarter % % 0.4% 25.4% 8.4% 65.8% Daycoval Holding Financeira S/A Controlling Shareholders (Family) + Daycoval Expert Treasury Book Value % % Market Value(RS) Million 2, , % 1, % Free-Float Total Shares: million shares. Free Float: 54.9 million shares. First middle market bank to implement a ADR Level I Program. Coverage by research analysts from 17 local and international brokerage firms. 10

11 Daycoval s Strategy Pursue higher returns with the lowest possible risk Maintain Low Leverage and High Liquidity policy Maintain the quality of collaterals Long term funding to match the growing payroll portfolio strategy Middle Market Payroll Auto Loans DCC Focus and expected share gain along next year Participate in the market expansion Mantaining the loan portfolio size 11Grow portfolio 11 11

12 Efficient Risk Management Structure Sales Manager Visits clients, prepares the credit visit report, the structure of the operation and the interaction with the internal analysis team. Is not in the credit hierarchy.. Line of Credit established for the operations and not for the clients Credit Control Department Conducts the company s economic-financial analysis, analyzes documentation and issues opinions as the Director of Credit. Together, they discuss the risks of each operation The sales manager does not have the authority to approve operations Credit Department Define the approval of limits and hierarchies, monitor the performance of the credit portfolio and approve operations of up to R$ 7 millions. Executive Board Committee Aproves operations above R$ 7 millions. Mix of guarantees and receivables Proactive in the management of portfolio risks, with strict control of guarantees. 12

13 Business Strategy : New Products Credit to individuals Daypag meets the financing needs of car license agents, expediters and driving schools in São Paulo State by extending loans for clients to pay vehicle registration fees (road tax, compulsory third-party liability insurance, fines etc.) and facilitating payments by wire transfer. Prepaid card, rechargeable in another currency that allows withdrawals and purchases in licensed establishments to VISA worldwide. New Exchange Bureau, partners with travel agencies, brokers and other financial instituion s. 13

14 Business Strategy : New Credit Products and Technology to companies Long-term financing for investment in the business. Acquisition of new machinery and equipment. Practicality in controlling costs for company, with benefits package and benefits. Makes it possible companies and individuals to electronically received all bank payment slips, facilitating day-to-day operations. Internet Banking: secure, modern, efficient and easy navigation. 14

15 Created in 2004 to service clients of the Bank who wanted sophisticated products designed according to their individual profiles. Each Fund has its own manager who has deep understanding of the capital markets and is fully dedicated to obtaining the maximum returns possible. In September/2010, net assets totaled approximately R$ 964 million. Profitability Funds Assets Under Mannagement R$ Million Year Assets Under Management R$ mn Daycoval Renda Fixa 7.22% 70.8 % CDI % Multifunds Daycoval Multifunds 6.62% 16.4 % CDI 94.49% Parnamirim 7.54% % CDI % Stocks M10 Daycoval Target 2.53% 27.7 % Ibovespa 1.31% 15

16 Ratings Global Scale Long Term BB Short Term B National Scale Long Term braa- Short Term bra 2 Global Scale Long Term BB Short Term B National Scale Long Term A+ (bra) Short Term F1 (bra) Low Risk Mid-Term Index General Rank: march/10 8 Stable November 2009 Stable December 2009 July

17 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 17

18 Key Figures (R$ mn) September 2010 Total Assets R$ 9,329.2 million Loan Portfolio R$ 5,546.2 million Funding R$ 5,075.8 million Net Income (quarter) R$ 85.0 million Shareholders Equity R$ 1,735.6 million ROAE (quarter) 21.4% ROAA (quarter) 3.8% NIM-A (1) (quarter) 14.8% Efficiency Ratio 20.4% BIS Index 21.2% (1) New methodology excluding repurchase agreements tri-party repos outstanding 18

19 Funding : the balance of the funding is aligned with the credit portfolio (*) Funding R$ Million Breakdown of Funding - R$ Million 3,567 3,509 18% 21% 17% 11% 42.3 % 7.4 % 4,725 5,076 4,172 23% 18% 26% 13% 22% 15% 65% 68% 60% 59% 64% 3Q09 4Q09 1Q10 2Q10 3Q10 Total Deposits Foreign Issuances Borrowing and Onlending Funding (R$ MM) 3Q10 2Q10 Chg. % Total Deposits 3, , % Demand Deposits + Other Depostis % Time Deposits 2, , % Interbank Deposits % Banknotes n.a. Foreign Issuances % Borrowing and Onlending 1, , % Total 5, , % Lengthening of maturities Maintaining the diversification of funding sources Maintenance of funding costs Banknotes new source of funding (*) Exclude assignments and avals and sureties, which are sources that do not require funding 19

20 Total Deposits: increased 17.0% during the quarter Total Deposits Breakdown R$ mn Q10 2Q10 3Q10 Corporates + Demand Deposits , , , ,546.5 Institutional Individuals Financial Institutions + Interbank Deposits Investment Funds , TOTAL 1, , , , , , ,247.9 Total Deposits Breakdown R$ 3,247.9 Million Total Deposits R$ Million 8.1% 1.1% Corporates + Demand Deposits 25.0% 47.6% Individuals Investment Funds 3, , , , , , , % Institutional Financial Institutions Q10 2Q10 3Q10 20

21 Foreign Currency Funding: we have no significant maturities of foreign issues coming due in the short-term Date of Transaction Maturity Amount (US$ mn) Eurobonds June/2008 July/ International Finance Corporation (IFC) December/2007 January/2013 (due date of last tranche) 115 Syndicated Loan (IFC) June/2010 June/2014 (due date of last tranche) 165 Eurobonds March/2010 March/ Foreign Issuances and Borrowing and Onlending - R$ Million 1, , , , % 66.7% 76.7% 33.3% 48.2% 51.8% 1, % 33.1% 45.8% 63.5% 64.1% 54.2% 36.5% 35.9% Q10 2Q10 3Q10 Foreign Issuances Borrowing and Onlending 21

22 Liquidity: high capitalization and positive gap in duration between credit andfunding operations Cash Evolution R$ Million 1, , , , , Q09 4Q09 1Q10 2Q10 3Q10 % Loan Portfolio Outstanding Operations 3Q10 % Funding Outstanding Operations 3Q10 0.8% 1.0% 6.6% 7.2% 25.2% 35.4% Average Term of Loan Portfolio: 401 days 21.5% 15.8% Average Term of Funding Portfolio: 524 days 31.4% 27.2% 27.8% Up to 3 months From 3 to 12 months From 1 to 3 years From 3 to 5 years Over 5 years No maturity Up to 3 months From 3 to 12 months From 1 to 3 years From 3 to 5 years Over 5 years 22

23 Loan Portfolio: robust growth, reaching 46.7% in past 12 months Loan Portfolio R$ Million Breakdown Loan Portfolio (*) 3Q10 R$ Million 46.7 % 14.5 % 4,845 4, ,780 4, ,210 4,765 3,617 3,932 5, , % 0.7% 24.9% 65.4% Middle Market + Trade Finance + Avals and Sureties + Receivables purchase Payroll Auto Loans DCC 3Q09 4Q09 1Q10 2Q10 3Q10 Loan Portfolio (includes Avals and Sureties + Receivables purchase) Credit assignments (*) includes credit assignments 23

24 Diversified Portfolio As of September, 2010 Middle Market Payroll Loans Auto Loans Direct Credit To Consumers Total % of Credit Portfolio 65.4% 24.9% 9.0% 0.7% 100.0% Portfolio (R$ mn) 3, , ,546.2 Growth 18.7% vs 2Q % vs 3Q % vs 2Q % vs 3Q09-4.4% vs 2Q % vs 3Q % vs 2Q % vs 3Q % vs 2Q % vs 3Q09 Products Working Capital, Receivables financing, trade finance, BNDES sureties & avals Loans to INSS, Armed Forces, Courts, Private Companies, Federal Gov, Municipalities, among other Loans to Small Vehicles, Motorcycles, Heavy-duty Vehicles In-store financing 24

25 Middle Market: growth of 18.7% compared with 2Q10, and 73.0% in past 12 months Middle Market + Trade Finance R$ Million Guarantees Breakdown 3Q10 2,349 2, ,160 1, % 2, , % 3,627 3, ,335 2, % 5.8% Receivables 10.4% 4.7% 57.9% 16.2% Vehicles / Real Estate Agricultural Products Financial Investments Equipments / Foreign goods Other 3Q09 4Q09 1Q10 2Q10 3Q10 Middle Market+Avals and Sureties+ Receivables purchase Trade Finance Sectors Breakdown Middle Market 3Q10 18% 7% 32% 43% Industry Services Commerce Other Geographic Distribution Middle Market 3Q10 14% Southeast 6% 13% 54% South Northeast 13% Mid-West North 25

26 Middle Market currently represents 65.4% of the total credit portfolio over 55.5% in 9M09 Breakdown Portfolio Middle Market 3Q10 Breakdown Portfolio Middle Market 3Q10 September 2010 Middle Market R$ 2,782.9 million Trade Finance R$ million Avals and Sureties R$ million Receivables purchase R$ million BNDES R$ million Total Portfolio Middle Market R$ 3,626.7 million 3.6% 7.0% Middle Market 4.6% Trade Finance 8.1% 76.7% Avals and Sureties Receivables purchase BNDES (*) Includes credit assignments + Avals and Sureties + Receivables purchase 26

27 Daycred Payroll: INSS and Army continue to drive growth Total Loan Portfolio (*) - R$ Million Total Loan Portfolio 3Q10 R$ 1,383 mn- % 957 1, % 1,126 1, % 1, % 5.9% 2.8% 0.6% INSS 13.4% 37.1% Army State Government Law Courts and Legislative Bodies Municipalities 3Q09 4Q09 1Q10 2Q10 3Q10 (*) Includes credit assignments in all of the quarters (R$ 30.6 million in 3Q10) Total Origination R$ Million 31.2% Total Origination 3Q10 R$ 416 mn - % Other Private Q09 4Q90 1Q10 2Q10 3Q10 2.8%0.9% INSS 9.8% 10.4% 43.4% 32.7% Army State Government Law Courts and Legislative Bodies Municipalities Private + Other 27

28 Daycred Auto Loans: reverse contraction in this portfolio Total Loan Portfolio (*) R$ Million Total Origination - R$ Million % % Q09 4Q09 1Q10 2Q10 3Q10 (*) Includes credit assignments in all of the quarters (R$ 30.3 million in 3Q10) 3Q09 4Q09 1Q10 2Q10 3Q10 Liquidity of Auto Loans Portfolio 3Q10 R$ Million Liquidity Receiving Paid Past due more than 90 days Ratio Loan Portfolio 1,226 1, % Old Loan 1,149 1, % New Loan % 28

29 Direct Credit to Consumers (DCC): product that complements the Bank s operations for individuals Direct Credit to Consumers Financing of goods and services through partnerships with a number of retailers, such as home furnishings, appliances, etc Payment guaranteed by pre-dated checks at rates and terms that are competitive with the market Partnerships with many shops, seeking to increase sales, offering the end consumer greater purchasing facilities Total Loan Portfolio - R$ Million 64.2% % Q09 4Q09 1Q10 2Q10 3Q10 29

30 Quality of Loan Portfolio (*) Establishment of Provision - R$ MM 3Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 Middle Market + Trade Finance 36.8 (4.1) Payroll Auto Loans Direct Credit to Consumers Total Balance and Establishment of Provision - R$ Million Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 Balance of Provision Establishment of Provision (*) Unconsolidated: excludes FIDCs, Credit assignments and Avals and Sureties and Receivables purchase 30

31 Quality of Loan Portfolio (*) : past-due loans continue decreasing, demonstrating the improvement of quality loan Past due operations > 14 days - R$MM 3Q09 2Q10 3Q10 Past due > 14 days / Loan (%) Middle Market + Trade Finance Payroll Auto Loans DCC Total Past due operations > 60 days - R$MM 3Q09 2Q10 3Q10 Past due > 60 days /Loan (%) Middle Market + Trade Finance Payroll Auto Loans DCC Total (*) Unconsolidated: excludes FIDCs, Credit assignments and Avals and Sureties and Receivables purchase 31

32 Quality of Loan Portfolio (*) : significant decrease in ratio of LLP to total credit portfolio, down 4.2 p.p year over year Total Provisions 3Q10 Risk Level 3Q10 Total Loan Portfolio (excludes FIDCs) 3Q10 Portfolio R$ MM % Provision R$ MM Total Provision / Loan 4.4% Middle Market 3, % % Payroll 1, % % Auto Loans % % DCC Retailers % % Subtotal 5, % % Credit Assignments % % Total 5, % % 95.6% AA-C D-H Total Provision / Loan Portfolio 3Q10 7.4% 5.4% 4.5% 3.4% 3.2% 3Q09 4Q09 1Q10 2Q10 3Q10 (*) Unconsolidated: excludes FIDCs, Credit assignments and Avals and Sureties and Receivables purchase 32

33 Efficiency Ratio: Decrease of 3,7 p.p in this quarter, demonstrating adequate management of operating costs 3Q10 2Q10 Chg. % 3Q09 Chg. % 9M10 9M09 Chg. % Personnel Expenses (22.7) (21.8) 4.1% (15.5) 46.5% (66.0) (46.2) 42.9% Other Administrative Expenses (23.0) (18.3) 25.7% (15.7) 46.5% (58.7) (49.5) 18.6% Subtotal (45.7) (40.1) 14.0% (31.2) 46.5% (124.7) (95.7) 30.3% Payroll (4.2) (3.6) 16.7% (6.1) -31.1% (12.7) (18.6) -31.7% Auto Loan (2.3) (2.5) -8.0% (4.5) -48.9% (7.6) (14.8) -48.6% DCC (0.6) (0.4) 50.0% (0.4) 50.0% (1.2) (0.9) 33.3% Comission Expenses (total) (1) (7.1) (6.5) 9.2% (11.0) -35.5% (21.5) (34.3) -37.3% Total (52.8) (46.6) 13.3% (42.2) 25.1% (146.2) (130.0) 12.5% Efficiency Ratio (%) ,7 p.p ,8 p.p ,8 p.p Efficiency Ratio (considering Profit Sharing) (%) ,8 p.p ,4 p.p ,6 p.p Efficiency Ratio - % Q09 2Q10 3Q10 9M09 9M10 Quartely Last 12 months 33

34 Capital Structure: leverage remains low despite fall in Basel ratio Shareholders Equity R$ Million Basel Index - % 1, , , , , Q09 4Q09 1Q10 2Q10 3Q10 3Q09 4Q09 1Q10 2Q10 3Q10 Loan Portfolio (*) / Shareholders Equity - times Q09 4Q09 1Q10 2Q10 3Q10 (*) Unconsolidated: excludes FIDCs, Credit assignments and Avals and Sureties and Receivables purchase 34

35 Net Income: R$ 85 million in 3Q10, significant growth of 32.4% over the previous quarter Net Income R$ Million Loan Portfolio x Net Income R$ Million , , , , , Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M M10 Loan Portfolio Net Income 35

36 Profitability: ROAE at 21.4%, rising 5.4 pp compared to the previous quarter Return on Average Equity (ROAE) - % Return on Average Assets (ROAA) - % Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 3Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 Net Interest Margin (NIM-A) (1) - % Net Interest Margin (NIM) - % Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 (1) New methodology excluding repurchase agreements tri-party repos outstanding. 3Q09 4Q09 1Q10 2Q10 3Q10 9M09 9M10 36

37 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 37

38 Daycoval is recognized by its Solid Capital Structure and Efficiency Shareholders Equity (R$ Million) 1 2Q10 Basel Index (%) 1 2Q10 1,867 1,668 1,592 1, Bicbanco Daycoval Panamericano ABC Pine Sofisa Indusval Daycoval Indusval Bicbanco Pine ABC Sofisa Panamericano Loan Portfolio / Shareholders Equity times 1 2Q Daycoval Indusval Sofisa Pine Bicbanco Panamericano ABC (1) Source: Banks reports as of June

39 Daycoval: is recognized by its growth capability with reduced costs Loan Portfolio (R$ Million) 1 2Q10 11,474 10,251 10,504 Net Income - R$ mn 1 2Q ,205 4,787 3,082 1, Bicbanco ABC Panamericano Pine Daycoval Sofisa Indusval Bicbanco Daycoval ABC Pine Sofisa Indusval Panamericano Net Interest Margin (NIM-A 2 ) - % 1 2Q Daycoval (2) Sofisa Bicbanco Pine Indusval ABC (1) Source: Banks reports as of June 2010 (2) New methodology excluding repurchase agreements tri-party repos outstanding 39

40 Daycoval: is recognized by its Solid Capital Structure and Attractive Returns (Cont d) Return on Average Equity (ROAE) - % 1 2Q Bicbanco Pine Daycoval ABC Sofisa Indusval Panamericano Return on Average Assets (ROAA) - % 1 Efficiency Ratio - % 1 2Q10 2Q Daycoval Bicbanco Sofisa ABC Pine -0.7 Panamericano Daycoval Bicbanco ABC Pine Sofisa Indusval Panamericano (1) Source: Banks reports as of June

41 Daycoval s Strengths Growth capability with reduced costs Recognized as one of the best Brazilian Middle Market Banks Conservative profile and solid capital structure Experienced management team compromised with corporate governance Strict credit policy Access to diversified funding sources Low leverage level 41

42 Agenda Brazilian Credit Market Overview and Strategy 3Q10 Results Page 3 Page 8 Page 17 Peers Page 37 Appendix Page 42 42

43 Daycoval s Financial Highlights Total Assets (R$ MM) & ROAA (%) BIS Ratio (%) , ,972 8,085 6,831 6,728 7,061 7,633 6,196 6, ,814 9, Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Total Assets ROAA Net Interest Margin (NIM) % Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q Net Income(R$ mn) & ROAE (%) Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Net Income ROAE

44 Breakdown of the Middle Market Credit Portfolio by Sectors Serasa September 2010 COMMERCE 17.6% INDUSTRY 43.0% Trading 1.7% Sugar and Alcohol Mill 6.1% Commerce of pharmacy products 1.3% Ind. of Eletronic Products in General 5.3% Wholesale Trading of Foodsstuffs and Cereals 1.2% Ind. of Clothes in General 1.4% Commerce of Steel 1.0% Ind. of Flooring and Tiles 1.1% Commerce of Clothes in General 0.9% Ind. of Fuel and Lubrificant 1.0% Other 11.5% Ind. of Soyvean 1.0% Ind. of Meat 0.9% Other 26.2% SERVICE 32.4% Transportation 4.6% FINANCIAL 2.1% Holding 3.7% Real Estate and Home Builders 2.6% PRIMARY 1.6% Tv Channel 1.7% Electricity Distribution 1.7% INDIVIDUALS 2.8% Mixed Cooperative 1.5% Other 16.6% THIRD SECTOR 0.5% 44

45 Middle Market: Assets Geographic Distribution September 2010 São Paulo 44.0% Rio de Janeiro 3.0% Amazonas 7.4% Mato Grosso 2.2% Pará 6.5% Bahia 2.0% Pernambuco 5.1% Ceará 1.9% Santa Catarina 5.0% Goiás 1.6% Paraná 4.3% Distrito Federal 1.1% Rio Grande do Sul 4.0% Sergipe 0.6% Minas Gerais 3.7% Paraíba 0.4% Alagoas 3.3% Rondônia 0.2% Espírito Santo 3.2% Other States 0.5% 45

46 Balance Sheet September 2010 Assets 3Q10 2Q10 3Q09 Current Assets 6,451,247 6,436,299 4,573,561 Cash and Cash Equivalents 62,038 58,306 30,766 Interbank Investments 2,464,792 3,021,014 1,669,362 Securities and Derivatives 222, , ,135 Interbank Accounts 17,172 11,428 9,102 Interbranch Accounts Lending Operations 3,177,214 2,761,494 2,125,050 Other Receivables 446, , ,243 Other Assets 61,708 58,622 56,903 Long-Term Assets 2,867,541 2,366,828 1,592,614 Interbank Investments 19,202 2,549 0 Securities and Derivatives 902, , ,554 Lending Operations 1,632,459 1,486,474 1,001,935 Other Receivables 280, , ,533 Other Assets 32,748 28,362 30,592 Permanent 10,425 10,334 11,208 Investments Property and Equipment in Use 9,989 9,889 10,746 Intangible Total Assets 9,329,213 8,813,461 6,177,383 Liabilities 3Q10 2Q10 3Q09 Current Liabilities 4,506,512 3,872,569 2,539,005 Deposits 1,758,016 1,334,269 1,274,649 Money Market Funding 1,724,217 1,691, ,858 Funds from Acceptance and Issuance of Securities 169,777 15, ,078 Interbank Accounts 4,605 3,595 1,885 Interbranch Accounts 10,597 4,428 4,325 Borrowings and Onlendings 623, , ,117 Derivatives 14,306 5, Provisions of Insurance and Pension Plans 20,548 20,019 6,552 Other payables 181, , ,137 Long-term Liabilities 3,082,204 3,268,458 1,985,805 Deposits 1,489,837 1,440,687 1,056,804 Funds from Acceptance and Issuance of Securities 487, , ,438 Borrowings and Onlendings 646, , ,865 Derivatives 34,445 14,455 18,334 Other Payables 424, , ,364 Deferred Income 4,275 3,848 5,689 Amounts in R$ 000 Minority Interest Shareholders Equity 1,735,640 1,668,016 1,646,340 Capital of Brazilian Residents 1,359,143 1,359,143 1,359,143 ( - ) Treasury Stocks (7,900) (11,706) (38,992) Capital Reserves Revaluation Reserves 1,467 1,492 1,595 Profit Reserves 252, , ,046 Adjustments of Shareholders' Equity Evaluation - Securities and Derivatives Available for Sale 4,057 (66) 1,070 Retained Earnings 126,491 65,363 51,286 Total Liabilities 9,329,213 8,813,461 6,177,383 46

47 Income Statement Amounts in R$ 000 3Q10 2Q10 Var. % 3Q09 Var. % 9M10 9M09 Var. % Income from Financial Intermediation 321, , % 169, % 916, , % Lending Operation 252, , % 192, % 686, , % Securities Operations 101,952 75, % 66, % 232, , % Derivatives (33,177) 8,358 n.a. (89,434) -62.9% (17,454) (234,060) -92.5% Foreign Exchange Operations 0 5, % 0 0.0% 14, % Expenses of Financial Intermediation (203,797) (170,746) 19.4% (156,644) 30.1% (520,376) (528,392) -1.5% Funding Expenses (133,566) (122,958) 8.6% (74,482) 79.3% (349,291) (248,636) 40.5% Borrowing and Onlendings (17,640) (18,278) -3.5% (12,390) 42.4% (51,203) (49,438) 3.6% Foreign Exchange Operations (468) % (1,541) -69.6% (468) (7,746) -94.0% Loan Losses Provisions (52,123) (29,510) 76.6% (68,231) -23.6% (119,414) (222,572) -46.3% Gross Profit from Financial Intermediation 117, , % 12,920 n.a. 395,810 22,525 n.a. Other Operating Income (Expenses) 15,746 (52,714) % 42, % (89,875) 148, % Income from Services Provided 9,925 7, % 4, % 24,261 13, % Personnel Expenses (22,736) (21,793) 4.3% (15,451) 47.1% (65,955) (46,155) 42.9% Other Administrative Expenses (30,098) (24,766) 21.5% (26,700) 12.7% (80,252) (82,643) -2.9% Tax Expenses (11,634) (9,202) 26.4% (9,282) 25.3% (29,696) (27,192) 9.2% Other Operating Income 96,843 6,984 n.a 106, % 109, , % Other Operating Expenses (26,554) (11,139) 138.4% (17,340) 53.1% (48,021) (43,525) 10.3% Income from Operation 133, , % 55, % 305, , % Non-operating Expenses (1,435) (4,034) -64.4% (2,473) -42.0% (8,025) (11,872) -32.4% Income before Taxes and Minority Interest 132,207 96, % 53, % 297, , % Income and Social Contribution Taxes (39,890) (26,344) 51.4% (8,713) 357.8% (74,386) (22,467) 231.1% Provision for Income Tax (22,596) (14,402) 56.9% (23,151) -2.4% (46,668) (58,809) -20.6% Provision for Social Contribution Tax (13,436) (8,691) 54.6% (12,661) 6.1% (27,909) (31,764) -12.1% Deferred Taxes (3,858) (3,251) 18.7% 27, % , % Profit-Sharing (7,294) (5,747) 26.9% (2,667) 173.5% (19,681) (8,316) 136.7% Minority Interest (11) (9) 22.2% (10) 10.0% (29) (33) -12.1% Net Income 85,012 64, % 42, % 203, , % Interest on Shareholders Equity (23,909) (23,067) 3.7% (25,451) -6.1% (71,506) (73,566) -2.8% Earnings per Share (R$) 0 0 n.a. 0 n.a. 1 1 n.a. Number of Shares 215,478, ,070,120 n.a. 216,324,512 n.a. 215,478, ,324,512 n.a. 47

48 3Q10 Institutional Presentation Investor Relations Phone: +55 (11) /1025/1039 This report may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current expectations and projections about future events and financial trends that affect or may come to affect our business. Many important factors may adversely affect the results of Banco Daycoval as described in our estimates and forward-looking statements. These factors include, but are not limited to, the following: the Brazilian and international economic conjunctures, fiscal, foreign-exchange and monetary policies, higher competition in the middle-market segment, the ability of Banco Daycoval to obtain funding for its operations, and amendments to Central Bank regulations. The words believe, may, could, seek, estimate, continued, anticipate, plan, expect and other similar words have the objective of identifying estimates and projections. The considerations involving estimates and forward-looking statements include information related to results and projections, strategies, competitive positioning, the environment in the industry, growth opportunities, the effects of future regulations, and the impacts from competitors. Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of these estimates arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above, the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates, projections and forward-looking statements contained in this report. 48

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