1. 1/21
Announcement of merger with Banco Intercap S.A. and conclusion of acquisition
of Voga (investment Banking)
5.9% Growth of Expanded Credit Portfolio with continuous improvement in
quality (85.1% between AA and B) and ALL expenses in line with the
conservative policy adopted by Banco BI&P
BI&P - Banco Indusval & Partners is a commercial bank with 45 years of experience in the financial market, focusing on local and foreign currency,
fixed income and corporate finance for companies. BI&P relies on a network of 10 branches strategically located in economically relevant Brazilian
regions, including an offshore branch in Cayman Islands, its brokerage firm operating at the São Paulo Stock, Commodities and Futures Exchange -
BM&FBOVESPA and Serglobal Cereais, acquired in April 2011, which originates agricultural bonds.
Highlights
 In May, we concluded the acquisition of Voga with the new investment bank team
already integrated with our operations.
 Announcement of the Merger with Banco Intercap S.A. in June, still awaiting
approval from the Central Bank of Brazil, to:
 Expand the capital and asset base,
 Strengthen the controlling group and Board of Directors by bringing two
important Brazilian entrepreneurs, Afonso Antônio Hennel and Roberto de
Rezende Barbosa.
 The Expanded Credit Portfolio totaled R$3.2 billion, growing by 5.9% in
the quarter and 15.0% in 12 months. The share of Emerging Companies and
Corporate segments was 47.6% and 51.4%, respectively, in 2Q13.
 Loans rated between AA and B still account for the highest share of the
expanded credit portfolio, reaching 85.1% in 2Q13, compared to 81.3% in 1Q13
and 79.2% in 2Q12, which reflects our best efforts towards maintaining a superior
quality portfolio. We maintained our discipline of building a diversified and top
quality portfolio: 98.2% of the loans granted during the quarter were rated
between AA and B.
 The Managerial Expense with Allowance for Loan Losses (ALL) in the
quarter was 1.1% (annualized) of the expanded credit portfolio, in line with the
conservative credit adopted by the bank. There were no fresh provisions relating
to the credit portfolio prior to April 2011 and we still have an additional allowance
(not allocated) of R$40.9 million.
 In line with the strategy of increasing revenues, Income from Services
Rendered, which includes structuring fees for corporate finance operations,
increased by 33.9% in 2Q13 and 26.2% in 1H13 in relation to 1H12, totaling R$8.6
million in the quarter and R$15.1 million in 1H13. With the recent integration of
the investment banking team, we expect this revenue to continue growing over
the coming quarters.
 Adjusted Revenue from Credit Operations and agro bonds (CPR) (vide
Page 8), which reflects the bank’s core business, increased 14.0% in the quarter,
from R$60.7 million in 1Q13 to R$69.3 million in 2Q13.
 The numbers from 2Q13 were extraordinarily impacted by losses resulting from
high market volatility and the effect of the discontinuance of hedge accounting
designation, which are not related to credit activities, generating a negative result
of R$20.6 million.
 Considering the conservative risk policy adopted by the Bank, we believe that an
adequate remuneration for our capital will come from gains of scale from the
credit portfolio and revenues from services as a result of the strategy and
structure devised by the current management.

 A Administração entende que, dentro da política de risco adotada atualmente pelo
Banco, é necessário maior ganho de escala, com o crescimento da carteira de
crédito, para gerar resultados em linha com o esperado.
IDVL4: R$6.55 per share
Closing: August 14, 2013
Outstanding Shares: 62.371.178
Market Cap: R$408.5 million
Price/ Book Value: 0.72
Conference Call / Webcast
August 15, 2013
In English
2 p.m. (US EST) / 3 p.m. (Brasilia)
Connections
Brazil: +55 11 4688-6361
EUA: +1 786 924-6977
Code: Banco BI&P
In Portuguese
1 p.m. (US EST) / 2 p.m. (Brasilia)
Connection: +55 11 4688-6361
Code: Banco BI&P
Website
www.bip.b.br/ir

2. 2/21
Summary
Message from Management.................................................................................................3
Macroeconomic Scenario.....................................................................................................5
Key Indicators ...................................................................................................................6
Operating Performance .......................................................................................................7
Credit Portfolio ................................................................................................................ 10
Funding .......................................................................................................................... 15
Free Cash ....................................................................................................................... 16
Capital Adequacy ............................................................................................................. 16
Credit Ratings.................................................................................................................. 16
Capital Markets................................................................................................................ 17
Balance Sheet ................................................................................................................. 19
Income Statement ........................................................................................................... 21

3. 3/21
Message from Management
After the broad restructuring launched in April 2011 we remained focused in the second quarter of 2013 on: (i)
gaining scale, with the announcement of the merger with Banco Intercap and 5.9% growth in the expanded
credit portfolio during the period; and (ii) generating fee revenues through the new investment banking team,
fully integrated with Banco BI&P’s operations in May.
In March 2013, we announced a capital increase to maintain the shareholders’ equity at the same level as at the
end of 2012. In July, this capital increase of R$90.0 million was ratified by the Board of Directors and
is awaiting approval from the Central Bank of Brazil. The private equity fund Warburg Pincus, controlling
shareholders and a few other shareholders of the Company participated in this capital increase. Consequently,
the capital of Banco BI&P will be R$662.4 million.
In line with our strategic plan drawn up in April 2011 and considering the successful track record of the partners
of Banco BI&P, we took another step in 2Q13 towards attaining our Vision by announcing the merger of Banco
BI&P with Banco Intercap S.A., to strengthen and expand our capital base and strengthen our controlling
group.
Founded in 1990, Banco Intercap ended June 2013 with shareholders’ equity of R$116 million. Through this
merger, Messrs. Afonso Antônio Hennel and Roberto de Rezende Barbosa, currently controlling
shareholders of Banco Intercap, will strengthen the controlling group of Banco BI&P without causing
any change in its control. They will join the board of directors, bringing fresh and important intellectual capital
and experience to the current management of the Bank. Mr. Afonso Antônio Hennel will be appointed Vice-
Chairman of the Board of Directors of Banco BI&P and Mr. Roberto de Rezende Barbosa will be a Director. The
conclusion of this merger is subject to approval from the Central Bank of Brazil. Moreover, the shareholders of
Banco Intercap representing 99.5% of its capital undertook to invest in Banco BI&P the full proceeds received
from the acquisition, amounting to around R$116 million, by subscribing to and paying the common shares to be
issued by Banco BI&P through a private capital increase.
The expanded credit portfolio of Banco Intercap ended June 2013 at R$340.5 million, concentrated in
loans and financing in real, granted to the Emerging Companies and Corporate segments. The classic loan
portfolio, which does not include guarantees, totaled R$333.7 million, with 84.3% rated between AA and B. A
simulated consolidation of the current portfolios of Banco Intercap and Banco BI&P showed that we would
maintain the loans rated between AA and B at the same levels.
As for the capital adequacy ratio (Basel Index), consolidating the capital of Intercap with that of
BI&P, we would have an index of 16.0%, higher than the current 14.6%, which would give us room for
expanding our operations.
In addition to the merger with Banco Intercap, the joint venture with the trading company Ceagro Agrícola Ltda.
and the acquisition of the corporate finance boutique firm Voga Empreendimentos e Participações Ltda. are
aimed at diversifying our revenue sources through M&A, fixed income operations and financial advisory services,
besides generating quality assets in an innovative manner.
2.5%
2.2%
41.7%
38.1%
37.5%
41.6%
7.5%
7.4%
10.8%
10.6%
BI&P
BI&P + Intercap
AA A B C D - H
82,0%
81,7%

4. 4/21
With regard to our financial performance in the quarter, the negative result of R$20.6 million was
not the result of the bank's credit portfolio and core operations. In this regard, note that revenues
from credit operations and agro bonds (CPR) totaled R$69.3 million in 2Q13, as against R$60.7
million in 1Q13, excluding the impact of discounts granted upon the settlement of loans (which we consider as
managerial ALL expense, as mentioned below) and recovery of loans written off, which increased 14.0% in the
quarter as a result of efforts by the commercial area.
The managerial expense with allowance for loan losses (ALL) in the quarter, including the ALL reversals
originated by discounts granted upon settlement of loans and revenues from recovery of loans written off, was
R$8.6 million, equivalent to 1.1% (annualized) of the expanded credit portfolio, which is below management’s
expectations and in line with the conservative credit policy adopted by the bank since April 2011.
However, the Result from Financial Intermediation was R$2.2 million, compared to R$22.7 million in 1Q13,
extraordinarily affected by high market volatility, the effect of discontinuance of hedge accounting designation
(with no cash effect, though), and discounts granted upon settlement of loans, generating a negative result in
the quarter.
In line with the strategy of increasing income from services rendered, which includes structuring fees for
corporate finance operations, totaled R$8.6 million in 2Q13 and R$15.1 million in 1H13, up 33.9% on 2Q12 and
26.2% on 1H12. However, the volume is still below the potential of the operation, due to the maturation of the
new derivatives desk and, mainly, our investment banking team, which effectively started operating in May 2013
and whose impact is still not yet felt in the second quarter.
With the acquisition of Banco Intercap and Voga, we concluded one more stage in the construction
of Banco BI&P. Over the past two years:
 We shifted the bank’s focus to better quality companies: migration from low middle to “emerging”
companies and the corporate market, which entail lower risk;
 We renewed more than 80% of the credit portfolio, while growing it from R$1.9 billion to R$3.2 billion
during the period (increasing by 61.9% from March 2011 to June 2013), building a better quality credit
portfolio (85.1% between AA and B), with a highly conservative level of provision (76.6% of D to H loans
provisioned)
 We developed a multiproduct bank, with a derivatives and treasury desk operating in all markets, and
built a strong investment banking team;
 we expanded and diversified our funding base while at the same time reducing our funding costs by 60
bps during the period (cost higher than CDI).
 We adopted the best practices in credit analysis, risk management and human resource policies, besides
renewing a sizable part of our commercial team.
 We simultaneously took measures to maintain our cost structure lean and competitive compared to our
peers.
At the end of these two years, with the support of our clients, shareholders and employees, we believe we have
built an appropriate structure for solid and consistent growth. Considering the conservative risk policy adopted by
the Bank, we believe that an adequate remuneration for our capital will come with economies of scale of the
credit portfolio and revenue from services, resulting from the strategy and structure devised by the current
management.

5. 5/21
Macroeconomic Scenario
Positive surprises in April indicated that the Brazilian economy was on course to registering solid performance in
the quarter ended June, well above the weak performance in the beginning of the year. But internal factors such
as demonstrations around the country and rising inflation caused distortions and economic activity data showed
strong positive and negative fluctuations between May and June. These internal factors, combined with the
strengthening dollar and an uncertain international scenario, pushed down consumer and business confidence
indexes at the end of the quarter to the levels observed in 2009, which were influenced by the financial crisis of
2008. Thus, GDP growth in the second quarter will probably be higher or the same as in the first quarter.
Even in a scenario of moderate economic activity, inflation remains high, with the accumulated IPCA inflation
index in 12 months surpassing the target ceiling. The index will improve considerably in July due to the seasonal
decline in food prices, discount sales in the apparel and home appliance segments, and the withdrawal of the
increase in public transport fares. However, once the seasonal effects have passed by the year-end, we expect
inflation will increase once again. To curb these pressures on prices, the Central Bank continued its monetary
tightening cycle, raising the Selic interest rate to 8.5% p.a. and this tendency should continue during the second
half until it is able to control the worsening expectations on inflation.
On the foreign exchange front, the high volatility observed since the end of 2012 and which continued in the first
quarter of the year, remained in the second quarter. The Central Bank continued to intervene in the market
using foreign exchange swaps, taking short positions in the dollar against the real and also removed the tax on
financial transactions (IOF) on positions in the futures market. However, its measures could not prevent the
dollar from closing the second quarter above R$2.20. These interventions clearly show that the Central Bank’s
objective continues to be avoiding the inflationary pressures seen in 2012 when the Brazilian real fell sharply.
Credit volume in Brazil’s national financial system grew 4.3% in the quarter to reach R$2.53 trillion. Credit
volume in 12 months increased 16.4%, with the average term of loans increasing from 80 months in June 2012
to 93 months at the end of June 2013. Credit as a percentage of GDP closed the second quarter at 55.2%,
higher than 53.9% at the end of March, and has remained above 50% since May 2012.
Default in the individuals segment dropped from 7.6% in the first quarter of 2012 to 7.2% this quarter, while
corporate default remained practically stable at 3.5%. These marginal improvements in default rates are the
result of the more selective approach to credit adopted by Brazilian banks.
Macroeconomic Data 2Q12 1Q13 2Q13 2013e
Real GBP Growth (Q/Previous Q) 0.3% 0.6% 0.6%(e) 2.1%
Inflation (IPCA - IBGE) – quarterly change 1.4% 2.2% 1.4% 5.9%
Inflation (IPCA - IBGE) – annual change 5.2% 6.6% 6.7% 5.9%
FX (US$/R$) – quarterly change -2.9% -2.0% 14.4% 12.1%
Interest Rate (Selic) 9.75% 7.25% 8.50% 9.50%
e= expected

6. 6/21
Key Indicators
The financial and operating information presented in this report are based on consolidated financials prepared in millions of
Real (local currency), according to Brazilian GAAP (BRGAAP), except were otherwise stated.
Results 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
Loan Operations & Agro bonds (CPR) adjusted 1
69.2 60.7 14.0% 74.3 -6.9% 129.9 148.7 -12.6%
Effect of recoveries and discounts 1
(9.2) (2.2) n.c. (0.6) n.c. (11.4) (0.4) n.c.
Revenues from Sec. (w/o CPR), Derivatives & FX 46.6 44.6 4.5% 123.3 -62.2% 91.3 210.5 -56.6%
Effect of discontinuance of hedge accounting (13.6) (15.6) 12.9% 25.8 -152.7% (29.2) 25.8 -213.2%
Financial Intermediation Expenses 90.6 64.8 39.8% 163.3 -44.5% 155.5 274.2 -43.3%
Result from Financial Int. before ALL 2.4 22.7 -89.5% 59.6 -96.0% 25.1 110.4 -77.2%
ALL Expenses 2
(0.1) (133.4) 99.9% (22.6) 99.4% (133.5) (37.0) -260.9%
Result from Financial Intermediation 2.2 (110.6) 102.0% 37.0 -93.9% (108.4) 73.4 -247.7%
Net Operating Expenses (35.7) (33.9) -5.3% (30.7) -16.4% (69.6) (57.8) -20.4%
Recurring Operating Result (33.4) (144.5) 76.9% 6.3 n.c. (178.0) 15.6 n.c.
Non-Recurring Operating Expenses (0.4) 0.0 n.c. (0.3) -31.0% (0.4) (0.3) -31.0%
Operating Result (33.8) (144.5) 76.6% 6.0 n.c. (178.3) 15.3 n.c.
Net Profit (Loss) (20.6) (91.4) 77.4% 2.4 n.c. (112.1) 7.5 n.c.
Assets & Liabilities 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Loan Portfolio 2,587.8 2,522.7 2.6% 2,395.6 8.0%
Expanded Loan Portfolio 3
3,228.7 3,047.5 5.9% 2,807.1 15.0%
Cash & Short Term Investments 297.3 611.3 -51.4% 632.6 -53.0%
Securities and Derivatives 1,056.5 769.7 37.3% 1,536.0 -31.2%
Securities excl. Agro & Private Credit Bonds 4
626.5 417.4 50.1% 1,300.3 -51.8%
Total Assets 4,198.2 4,259.1 -1.4% 4,966.5 -15.5%
Total Deposits 2,427.8 2,451.3 -1.0% 2,038.0 19.1%
Open Market 176.1 193.2 -8.8% 1,219.6 -85.6%
Foreign Borrowings 366.0 396.4 -7.7% 449.2 -18.5%
Domestic On-lending 348.6 322.1 8.2% 267.8 30.2%
Shareholders’ Equity 569.6 498.4 14.3% 582.4 -2.2%
Performance 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
Free Cash 660.7 760.1 -13.1% 638.0 3.6%
NPL 60 days/ Loan portfolio 2.6% 2.3% 0.2 p.p. 3.6% -1.0 p.p.
NPL 90 days/ Loan portfolio 2.1% 2.2% -0.1 p.p. 2.6% -0.5 p.p.
Basel Index 14.7% 14.2% 0.5 p.p. 17.0% -2.4 p.p.
ROAE -14.6% -52.2% 37.6 p.p. 1.7% -16.2 p.p. -35.0% 2.6% -37.6 p.p.
Adjusted Net Interest Margin (NIMa) 5
2.9% 4.9% -2.0 p.p. 4.4% -1.5 p.p. 3.8% 5.4% -1.6 p.p.
Efficiency Ratio 474.9% 155.2% 319.6 p.p. 60.8% 414.1 p.p. 231.3% 64.1% 167.2 p.p.
Other Information 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Number of Corporate Clients 874 811 7.8% 820 -6.6%
Number of Employees 448 449 -0.2% 438 -2.3%
Banco BI&P and Voga Employees 390 397 -1.8% 406 -3.9%
Brokerage house and Serglobal Employees 58 52 11.5% 32 -81.3%
n.c. = not comparable
Details in the respective sections of this report:
1
Excluding (i) revenues from recovery of loans written off, and (ii) discounts granted upon settlement of operations in the period. More
details in the Profitability section of this report.
2
Including additional provisions.
3
Including Guarantees issued, Private Credit Bonds (PNs and Debentures) and Agro securities (CDCA, CDA/WA and CPR).
4
Excluding Agro Securities (CPRs and CDA/WA) and Private Credit Bonds (PNs and debentures).
5
Excluding (i) repos with equivalent volumes, tenors and rates both in assets, and (ii) effects of the discontinuance of the treatment of hedge
accounting, and also discounts granted in operations settled in the period.

7. 7/21
Operating Performance
Financial Intermediation Result
before Allowance for Loan Losses
Net Profit
Expanded Credit Portfolio Funding
Profitability
Financial Intermediation 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
Financial Intermediation Revenues 93.0 87.6 6.2% 222.8 -58.3% 180.6 384.6 -53.0%
Loan Operations and agro bonds (CPR) adjusted *
69.2 60.7 14.0% 74.3 -6.9% 129.9 148.7 -12.6%
Effects recoveries and discounts *
(9.2) (2.2) n.c. (0.6) n.c. (11.4) (0.4) n.c.
Loan Operations and agro bonds (CPR) 60.0 58.6 2.4% 73.7 -18.6% 118.5 148.3 -20.1%
Loans, Disc. Receivables and agro bonds (CPR) 49.5 47.4 4.4% 57.2 -13.5% 96.9 124.5 -22.2%
Financing 8.8 6.8 28.2% 7.6 15.6% 15.6 13.9 11.8%
Other 1.7 4.3 -60.2% 8.9 -80.7% 6.0 9.8 -38.7%
Securities 6.7 8.8 -23.6% 103.6 -93.5% 15.5 167.7 -90.8%
Derivative Financial Instruments w/o CPR (7.8) 2.0 n.c. 5.5 -240.2% (5.8) 1.8 n.c.
FX Operations Result 28.3 10.0 182.6% 40.0 -29.2% 38.4 66.8 -42.5%
Financial Intermediation Expenses 90.6 64.8 39.8% 163.3 -44.5% 155.5 274.2 -43.3%
Money Market Funding 53.0 53.2 -0.4% 119.4 -55.6% 106.2 204.7 -48.1%
Time Deposits 40.4 40.8 -1.0% 40.8 -0.9% 81.2 86.0 -5.6%
Repurchase Transactions 3.0 4.6 -33.7% 68.1 -95.5% 7.6 98.6 -92.2%
Interbank Deposits 0.8 1.3 -34.8% 3.4 -76.1% 2.1 6.6 -68.3%
Agro (LCA), Real State (LCI) & Bank Notes (LF) 8.7 6.5 33.3% 7.0 23.8% 15.2 13.5 13.2%
Loans, Assignments & Onlending 37.6 11.6 223.5% 43.9 -14.3% 49.3 69.6 -29.2%
Foreign Borrowings 32.2 6.9 n.c. 39.6 -18.5% 39.1 61.7 -36.7%
Domestic Borrowings & Onlending 5.4 4.8 12.5% 4.3 23.7% 10.2 7.8 30.0%
Gross Result from Fin. Interm. before ALL 2.4 22.7 -89.5% 59.6 -96.0% 25.1 110.4 -77.2%
Allowance for Loan Losses (ALL) (0.1) (133.4) 99.9% (22.6) 99.4% (133.5) (37.0) -260.9%
Gross Result from Financial Intermediation 2.2 (110.6) 102.0% 37.0 -93.9% (108.4) 73.4 -247.7%
*
Excluding the effects of (i) recoveries from operations written off, and (ii) discounts granted upon settlement of loans in the period.
59,6
48,4 48,5
22,8
2,4
43,3 45,6 44,3 44,8
26,9
2Q12 3Q12 4Q12 1Q13 2Q13
R$million
Financial Intermediation Result before ALL
Financial Intermediation Result before ALL adjusted *
2,4 3,1 3,6
7,6
2Q12 3Q12 4Q12 1Q13 2Q13 1H12 1H13
R$million
-20.6
2,8 3,0 3,1 3,0 3,2
2Q12 3Q12 4Q12 1Q13 2Q13
R$billion
Private Credit Bonds (PNs and Debentures)
Agro Bonds (CPR, CDA/WA and CDCA)
Guarantees Issued
Trade Finance
Loans and Financing in Real
2,8 2,9 3,0 3,2 3,1
2Q12 3Q12 4Q12 1Q13 2Q13
R$billion
Trade Finance & Foreign Borrowings Domestic Onlending
Interbank & Demand Deposits Agro Bonds, Bank & Real Estate Notes
Insured Time Deposits (DPGE) Time Deposits
15.0% 14.1%
-91.4 -112.1

8. 8/21
Result from financial intermediation before allowance for loan losses totaled R$2.4 million in 2Q13, down 89.5%
from the previous quarter and, as in 1Q13, was mainly impacted: (i) in the item Derivative Financial Instruments,
due to the discontinuance of the designation of hedge accounting, adopted in 2Q12, of operations to protect the
cash flow, which continue to be protected by hedge operations and without cash flow effect; and (ii) in the item
Loan Operations, by the discounts granted on loans settled during the period.
With regard to adjusted revenue from credit operations and agro bonds (CPR) (ROC), to enable better
comparison, the impact of discounts granted upon settlement of loans and recoveries of loans written off, as
shown in the table below, were excluded, which results in an increase of around of 14.0% in the quarter,
showing that revenues from credit operations continue to grow as planned.
Revenues from Credit Operations and CPR adjusted 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
(A) Revenues from Credit Operations and agro bonds (CPR) 60.0 58.6 2.4% 73.7 -18.6% 118.5 148.3 -20.1%
(B) Recoveries of written-of operations 1.7 4.3 -60.2% 8.9 -80.7% 6.0 9.8 -38.7%
(C) Discounts granted on settled operations -11 -6.5 69.2% -9.5 15.8% -17.4 -10.2 70.6%
Revenues from Credit Oper. + CPR adjusted (A-B-C) 69.3 60.7 14.0% 74.3 -6.9% 129.9 148.7 -12.6%
Income from Securities, with offset in funding expenses, increased 13.7% in the quarter, especially due to the CPR
(agro bond) operations, classified as fixed income securities.
The Result from Derivative Financial Instruments includes results from operations involving swaps, forwards,
futures and options used to hedge against exchange and interest rate exposure for funding operations indexed
to the inflation indexes, as well as foreign borrowings (non-trade related), hedging of commodity prices resulting
from CPR operations and indexers of federal government bonds held in the securities portfolio, in addition to the
directional portfolio. As in 1Q13, this item was affected mainly by the effect of discontinuance of the designation
of hedge accounting in 2Q12, of operations to protect cash flow from funding indexed to IPCA and IGPM and
foreign borrowings, with exposure to the risk of variation in interest and foreign exchange rates, as detailed in
notes 3(d) and 5(c) of the financial statements. The impact of this effect was $13.6 million in 2Q13.
In 2Q13, both income from Foreign Exchange Operations and expenses with Foreign Borrowings were impacted
especially by variations in rates resulting from the appreciation of the U.S. dollar (US$) against the Brazilian real
(R$).
Expenses with Time Deposits declined in the quarter with the change in the mix between time deposits with
special guarantee (DPGE I) and bank deposit certificates (CDB), due to the: (i) reduction in the average balance
of DPGE I by around 5.2%; and (ii) increase of 14.5% in the average balance of CDBs, whose costs are lower. In
the 12 month comparison, the 0.9% reduction refers mainly to the systematic decline in the benchmark interest
rate that began in late 2011 and continued throughout 2012. The decrease in expenses with interbank deposits
is directly related to the decline in the average balances of interbank deposits, while expenses with interbank
deposits and agribusiness letters of credit (LCA), real estate notes (LCI) and bank notes (LF) increased, mainly
due to the increase of their average balances.
Expenses with allowance for loan losses (ALL) in the second quarter were only R$145 thousand, due to: (i) the
reversals of allowance for doubtful accounts, resulting from the discounts granted on loans settled; and (ii) the
allocation of a part of the additional allowance, made in March 2013 exclusively to loans granted before April
2011 under the previous credit policy.
The managerial expense with allowance for loan losses (ALL) in the quarter, including the ALL reversals
originated by discounts granted upon settlement of loans, as mentioned above, and revenues from recovery of
loans written off, was R$8.6 million, equivalent to 1.1% (annualized) of the expanded credit portfolio, which is
below management’s expectations and in line with the conservative credit policy adopted by the bank since April
2011.
Result from financial intermediation, which was not significant in the quarter, totaled R$2.4 million, compared to
R$22.7 million in 1Q13, impacted by discounts granted in the settlement of loans in the period, which reduce
Revenue from Credit Operations, and the discontinuance of the designation of hedge accounting which, in a
scenario of rising interest rates, negatively affects the item ‘Derivative Financial Instruments’.

9. 9/21
Net Interest Margin (NIM)
As described in the section on Profitability, considering the effects on the Result from Financial Intermediation
from the discontinuance of the designation of hedge accounting and discounts granted on settled operations,
NIM would decrease to 3.2% in 2Q13, as the following table shows:
Net Interest Margin 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
A. Result from Finan. Int. before ALL adjusted 1
26.9 44.8 -39.9% 43.3 -37.8% 71.7 94.8 -24.4%
A.a. Result from Financial Int. before ALL 2.4 22.7 -89.5% 59.6 -96.0% 25.1 110.4 -77.2%
B. Average Interest bearing Assets 3,626.3 3,603.6 0.6% 4,193.6 -13.5% 3,615.0 4,214.0 -14.2%
Adjustm. for non-remunerated average assets 1
(184.0) (229.2) -19.7% (1,006.7) -81.7% (206.6) (1,051.8) -80.4%
B.a Adj. Average Interest bearing Assets 3,442.3 3,374.4 2.0% 3,186.9 8.0% 3,408.3 3,162.2 7.8%
Net Interest Margin (A.a/Ba) 0,3% 2,7% -2,4 p.p. 7,7% -7,4 p.p. 1,5% 7,1% -5,6 p.p.
Net Interest Margin Adjusted (A/Ba) 2
3,2% 5,4% -2,3 p.p. 5,5% -2,4 p.p. 4,3% 6,1% -0,5 p.p.
Managerial NIM with Clients 4,1% 4,1% 0,0 p.p. 4,8% -0,7 p.p. 4,1% 4,9% -0,9 p.p.
1
Repos with equivalent volumes, tenors and rates both in assets and liabilities.
2
Excluding (i) effects of the discontinuance of the treatment of hedge accounting, adopted in 2Q12, for booking hedges of cash flows, which
continue to be protected by hedge, and (ii) discounts granted in operations settled in the period.
Managerial financial margin, which consists of income from credit operations, derivatives, operations with CPR
and guarantees with clients, and excludes discounts granted upon settlement of loans, remained stable in the
quarter at 4.1%, but declined 0.7 p.p. in 12 months, because (i) the portfolio mix was concentrated in the
Corporate segment, and (ii) of a more conservative profile of the portfolio as a whole. We expect margin to
stabilize at these levels and could increase slightly with the expected growth of the Emerging Companies credit
portfolio to 50% of the bank’s expanded credit portfolio over the coming quarters.
Efficiency
The efficiency ratio in the quarter was impacted by the modest result from financial intermediation, of R$2.4 million.
Efficiency Ratio 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12 1H13 1H12 1H13/1H12
Personnel Expenses 26.1 26.4 -0.9% 21.9 19.1% 52.5 44.7 17.5%
Contributions and Profit-sharing 2.7 5.4 -50.4% 2.3 19.7% 8.1 4.4 85.1%
Administrative Expenses 15.7 13.4 17.4% 13.6 15.2% 29.1 26.7 8.7%
Taxes 2.0 3.6 -43.5% 2.3 -13.2% 5.6 6.0 -6.8%
A- Total Operating Expenses 46.6 48.8 -4.5% 40.2 16.0% 95.3 81.9 16.5%
Gross Income Fin. Interm. (w/o ALL) 2.4 22.7 -89.5% 59.6 -96.0% 25.1 110.4 -77.2%
Income from Services Rendered 8.6 6.5 33.9% 5.4 61.0% 15.1 12.0 26.2%
Income from Banking Tariffs 0.2 0.2 8.7% 0.2 20.6% 0.4 0.4 1.4%
Other Net Operating Income (*) (1.4) 2.0 -168.4% 1.0 -242.1% 0.6 5.1 -87.2%
B- Total Operating Income 9.8 31.4 -68.8% 66.1 -85.2% 41.2 127.8 -67.7%
Efficiency Ratio (A/B) 474.9% 155.2% 319.6 p.p. 60.8% 414.1 p.p. 231.3% 64.1% 167.2 p.p.
(*) Net of other Operating Expenses to offset the cost of acquisition and income on sale of commodities in the activity of Serglobal Cereais.
Net Profit
Considering the extraordinarily negative impacts above mentioned, the operating income of -R$33,8 million in
2Q13, after (i) the non-operating profit from the sale of properties and non-operating assets of the R$752
thousand, (ii) taxes and contributions of the R$15.1 million, and (iii) profit sharing of the R$2.6 million, resulted in a
loss of R$20.6 million.

10. 10/21
Credit Portfolio
Expanded Credit Portfolio
In June 2013, the Expanded Credit Portfolio expanded by 5.9% in relation to March 2013 and by 15% in 12
months. The Expanded Credit Portfolio includes loan and financing operations in Brazilian Real and trade finance
operations, both detailed in note 6(a) to the financial statements, as well as: (i) guarantees issued (sureties,
guarantees and letters of credit), (ii) agribusiness bonds originated from the absorption of the operations of
Serglobal Cereais (CPR and CDA/WA); and (iii) private credit bonds (promissory notes and debentures). Items (ii)
and (iii) are both booked under Securities (TVM) as per Central Bank regulations.
Expanded Credit Portfolio by Product Group 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Loans & Financing in Real 2,016.0 2,019.8 -0.2% 1,844.4 9.3%
Trade Finance (ACC/ACE/IMPFIN) 427.3 415.4 2.9% 449.4 -4.9%
Guarantees Issued (LGs & L/Cs) 210.9 172.5 22.2% 175.8 20.0%
Agro Bonds (Securities: CPRs & CDA/WA; Credit: CDCAs) 477.9 370.9 28.8% 267.0 79.0%
Private Credit Bonds (Securities: PNs & Debentures) 39.2 41.1 -4.5% 30.7 27.9%
Other 57.4 27.8 106.5% 39.8 44.2%
TOTAL 3,228.7 3,047.5 5.9% 2,807.1 15.0%
The Emerging Companies segment comprises customers
with annual revenue between R$40 million and R$400
million and Corporate segment includes companies with
annual revenue between R$400 million and R$2 billion.
The Other segment basically refers to Consumer Credit
operations for Used Vehicles and financing of non-
operating assets.
Loans and financing operations in Real, which include loans, discounted bills, acquisition of client receivables and
BNDES onlending, represented 62.4% of the Expanded Credit Portfolio at the end of 2Q13. These operations
remained practically stable in the quarter and increased by 9.3% in relation to June 2012, especially due to loans
and discounted receivables, which increased by 11.0% in 12 months, and to BNDES onlendings, which increased
by 33.1% in 12 months.
At the end of 2Q13, trade finance operations, which corresponded to 13.2% of the Expanded Credit Portfolio,
increased by 2.9% in the quarter but decreased 4.9% in relation to June 2012. These operations consist of
import financing, which accounted for 31.5%, and export financing, which accounted for 68.5%.
Guarantees issued (sureties, guarantees and import letters of credit) correspond to 6.5% of the expanded credit
portfolio, up 22.2% from 1Q13 and 20.0% in 12 months.
As a result of the joint ventures and alliances built over the past two years, the portfolio of agribusiness bonds
and private credit bonds, which is classified under “held for sale” marketable securities in the balance sheet in
accordance with Central Bank regulations due to its tradability, has been growing consistently in recent quarters.
The portfolio grew 22.1% in the second quarter of 2013 and 82.5% in 12 months.
51% 42% 39% 47% 48%
48% 56% 59% 51% 51%
2% 2% 2% 1% 1%
2Q12 3Q12 4Q12 1Q13 2Q13
Expanded Credit Portfolio
Emerging Companies Corporate Other

11. 11/21
Agro Bonds Portfolio 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Booked under Securities 390.8 311.2 25.6% 205.0 90.6%
Warrants - CDA/WA 7.3 7.1 2.3% 7.5 -3.1%
Agro Product Certificate - CPR 383.5 304.1 26.1% 197.5 94.2%
Booked under Credit Portfolio - Loans & Financing 87.1 59.7 45.9% 62.0 40.6%
Agro Credit Rights Certificate - CDCA 87.1 59.7 45.9% 62.0 40.6%
Agricultural Bonds 477.9 370.9 28.8% 267.0 79.0%
Our Expanded Credit Portfolio breakdown is as follows:
By Economic Activity By Region By Customer Segment
By Economic Sector By Product
Industry
46%
Commerce
28%
Other
Services
23%
Individuals
2%
Financial
Institutions
1%
North
2%
Northeast
4%
Midwest
19%
South
20%
Southeast
55%
Corporate
51%
Emerging
Companies
48%
Other
1%
9,9%
1,3%
1,3%
1,5%
1,6%
1,6%
1,7%
1,8%
2,0%
2,4%
2,9%
3,6%
3,6%
3,6%
4,3%
5,6%
12,2%
15,8%
23,3%
Other (% lower than 1%)
Commerce - Retail & Wholesale
Plastic and Rubber
Individuals
Financial Services
Electronics
Financial Institutions
Machinery and Equipments
Power Generation & Distribution
Education
Textile, apparel & Leather
Metal Industry
Chemical & Pharmaceutical
Oil & Biofuel
Transportation & Logistics
Automotive
Construction
Food & Beverage
Agribusiness
Loans &
Discounts
52%
BNDES
Onlending
11%
Trade
Finance
13%
Agro Bonds
15%
Guarantees
Issued
6%
Debentures
1%
Other
2%

12. 12/21
Credit Portfolio
The “classic” credit portfolio, which does not include guarantees issued and credits classified under “held for
sale” marketable securities, totaled R$2.5 billion, practically stable in relation to the previous quarter, with
operations in Real accounting for R$2.1 billion and trade finance operations totaling R$427.3 million.
At the end of the quarter, the Emerging Companies segment accounted for 49.1% (49.0% in 1Q13) of the classic
portfolio and the Corporate segment accounted for 49.7%, the same as at the end of 1Q13. Loans classified as
Other include the balance of the direct consumer credit - used vehicles (CDC) portfolio, portfolios acquired from
other banks and financing of non-operating assets, corresponded to 1.2% of the portfolio (1.4% in 1Q13).
Credit Portfolio By Client Segment 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Emerging Companies 1,271.4 1,237.1 2.8% 1,266.7 0.4%
Local Currency - Real 1,046.5 1,072.6 -2.4% 1,019.4 2.7%
Loans & Discounted Receivables 887.2 913.7 -2.9% 854.0 3.9%
Financing 0.0 0.0 n.m. 0.0 n.m.
BNDES / FINAME 159.3 158.9 0.2% 165.4 -3.7%
Foreign Currency 224.9 164.5 36.7% 247.3 -9.1%
Corporate 1,284.8 1,251.0 2.7% 1,078.0 19.2%
Local Currency - Real 1,082.3 1,000.0 8.2% 875.8 23.6%
Loans & Discounted Receivables 894.5 839.6 6.5% 699.7 27.8%
BNDES / FINAME 187.9 160.4 17.1% 95.4 97.0%
Acquired Receivables 0.0 0.0 n.m. 80.7 -100.0%
Foreign Currency 202.4 250.9 -19.3% 202.1 0.1%
Other 31.7 34.7 -8.7% 51.0 -37.9%
Consumer Credit – used vehicles 0.1 0.3 -52.6% 2.0 -92.6%
Acquired Loans & Financing 3.6 4.9 -26.2% 11.2 -67.3%
Non-Operating Asset Sales Financing 27.9 29.4 -5.3% 37.8 -26.3%
CREDIT PORTFOLIO 2,587.8 2,522.7 2.6% 2,395.6 8.0%
n.m. = not measurable
By Collateral By Customer Concentration By Maturity
Aval PN
50%
Receivables
26%
Pledge /
Lien
8%
Property
9%
Monitored
Pledge
4%
Vehicles
2%Securities
1%
Top 10
15%
11 - 60
32%
61 - 180
27%
Other
26%
Up 90
days
32%
91 to 180
days
20%
181 to 360
days
16%
+360 days
32%

13. 13/21
Quality of Credit Portfolio
Rating AA A B C D E F G H
Additional
ALL
TOTAL
ALL/
Credit
Portfolio
%
Required Provision % 0% 0,5% 1% 3% 10% 30% 50% 70% 100%
2Q13
Outstanding Loans 65.7 1,078.0 971.5 192.8 109.9 17.4 30.0 4.0 118.6 - 2,587.8
8.3%
Allowance for Loan Losses 0.0 5.4 9.7 5.8 11.0 5.2 15.0 2.8 118.6 40.9 214.4
1Q13
Outstanding Loans 43.9 1,020.3 908.3 321.9 49.0 108.2 42.8 4.5 23.7 - 2,522.7
8.7%
Allowance for Loan Losses 0.0 5.1 9.1 9.7 4.9 32.5 21.4 3.1 23.7 110.7 220.2
2Q12
Outstanding Loans 137.5 880.7 807.6 379.6 36.1 88.4 17.8 10.3 37.6 - 2,395.6
4.5%
Allowance for Loan Losses 0.0 4.4 8.1 11.4 3.6 26.5 8.9 7.2 37.6 0.0 107.7
We continue our focus on credit to clients with better credit standing, as evident from the high percentage of
loans rated between AA and B granted in 2Q13, which reached 98.2% this quarter, compared to 97.8% in 1Q13.
The balance of loans classified in the low risk categories (AA to B) accounted for 81.7% of total loan operations
in the quarter (78.2% and 76.2%, respectively, at the end of 1Q13 and 2Q12), as the following chart shows:
Of the R$279.8 million classified between D and H (R$228.3 million in March 2013 and R$190.2 million in June
2012), R$215.9 million correspond to loans whose payments are regular, equivalent to 77% of the total (74% in
March 2013 and 65% in June 2012). The remaining 23% correspond to overdue loans and are detailed below:
Default by segment 2Q13 1Q13
> 60 days > 90 days
2Q13 1Q13 2Q13 1Q13
Credit Portfolio NPL % NPL % NPL % NPL %
Emerging Companies 1,271.4 1,237.1 51.3 4.0% 45.9 3.7% 40.6 3.2% 44.8 3.6%
Corporate 1,284.8 1,251.0 8.4 0.7% 5.5 0.4% 5.9 0.5% 1.9 0.2%
Other 31.7 34.7 7.2 22.8% 7.7 22.3% 7.2 22.8% 7.6 21.9%
TOTAL 2,587.8 2,522.7 66.9 2.6% 59.2 2.3% 53.8 2.1% 54.3 2.2%
Allowance Loan Losses (ALL) 214.4 220.2
ALL / NPL - 320.3% 372.2% 398.7% 405.1%
ALL / Loan Portfolio 8.3% 8.7% - - - -
The default rate on loans overdue by more than 60 days (NPL 60 days) increased by 0.3 p.p. in the quarter but
decreased by 1.0 p.p. from 2Q12, while loans overdue by more than 90 days (NPL 90 days) decreased by 0.1
p.p. in the quarter and 0.5 p.p. in relation to 2Q12.
The 0.3 p.p. increase in NPL 60 basically refers to the arrears of a few loans granted before April 2011. The 12
month comparison showed that the indicator either remained unchanged or declined.
5.7%
1.7%
2.5%
0.4
0.4
0.4
33.7%
36.0%
37.5%
15.8%
12.8%
7.5%
0.1
0.1
0.1
2Q12
1Q13
2Q13
AA A B C D - H
81.7%
78.2%
76.2%

14. 14/21
NPL 60 days/ Credit Portfolio Ratio 2Q13 1Q13 2Q12
NPL 60 days/ Credit Portfolio 2.6% 2.3% 3.6%
Clients upon the new credit policy 0.5% 0.4% 0.2%
Clients acquired before April 2011 (upon the old credit policy) 10.6% 9.4% 9.0%
In 2Q13, we maintained the credit portfolio coverage index high at around 8.3% (8.7% in 1Q13), due to the
balance allowance for loan losses of R$214.3 million, as against R$220.1 million in 1Q13. This balance provided
coverage of 3.2x of the NPL 60 days balance and 4.0x of the NPL 90 days balance at the end of June 2013.
The managerial ALL expense in the quarter (annualized) corresponded to 1.1% of expanded credit portfolio, in
line with the conservative credit policy adopted by the bank. There were no fresh provisions for the remainder of
the loans granted before April 2011 and we still have an additional provision (not allocated) of R$ 40.9 million.

15. 15/21
Funding
Funding volume totaled R$3.1 billion at the end of June 2013, practically the same level as in March 2013 and
increasing 14.1% in relation to June 2012. Bank Deposit Certificates (CDB) and Time Deposits with Special
Guarantee (DPGE I), booked under the item ‘time deposits’, remain the principal funding sources, jointly
accounting for 56.2% of total funding.
Funding through agribusiness letters of credit (LCA), which are backed by agribusiness operations, a segment in
which Banco BI&P specializes, continues to increase its share of total funding, accounting for 15.6% (14.9% in
1Q13). Real Estate Letters of Credit (LCI) and Bank Notes (LF) too have been increasing their share, jointly
accounting for 2.4% of total funding in 2Q13 (1.8% in 1Q13). Funding in foreign currency is especially allocated
to Trade Finance operations and its balance is impacted by foreign exchange variations.
Total Funding 2Q13 1Q13 2Q13/1Q13 2Q12 2Q13/2Q12
Total Deposits 2,427.8 2,451.3 -1.0% 2,038.0 19.1%
Time Deposits 822.7 818.1 0.6% 744.9 10.4%
Insured Time Deposits (DPGE) 944.8 931.8 1.4% 771.9 22.4%
Agro Notes (LCA) 489.2 473.7 3.3% 324.2 50.9%
Bank Notes (LF) 34.0 33.1 2.8% 30.6 10.9%
Real Estate Notes (LCI) 40.2 23.9 68.3% 0.0 n.m.
Interbank Deposits 58.2 91.4 -36.4% 137.0 -57.5%
Demand Deposits and Other 38.8 79.3 -51.1% 29.5 31.3%
Domestic Onlending 348.6 322.1 8.2% 267.8 30.2%
Foreign Borrowings 366.0 396.4 -7.7% 449.2 -18.5%
Trade Finance 366.0 345.9 5.8% 398.6 -8.2%
Other Foreign Borrowings 0.0 50.5 -100.0% 50.5 -100.0%
TOTAL 3,142.3 3,169.7 -0.9% 2,755.0 14.1%
By Type By Investor By Maturity
The average term of deposits stood at 740 days from issuance (747 days in March 2013) and 353 days from
maturity (392 days in March 2013).
Average Term in days
Type of Deposit from issuance to maturity 1
Time Deposits 414 276
Interbank 127 37
Time Deposits Special Guarantee (DPGE) 1,376 577
Agro Notes (LCA) 144 92
Bank Notes (LF) 891 513
Real Estate Letters of Credit (LCI) 173 104
Portfolio of Deposits 2
740 353
1
From June 30, 2013. | 2
Volume weighted average.
Time
Deposit
26%
Insured
Time Dep.
(DPGE)
30%
Agro Bonds
16%
Bank &
Real Estate
Notes
2%
BNDES
Onlendings
11%
Trade
Finance
12%
Interbank
2%
Demand
1%
Institutional
Investors
44%
Corporates
14%
Individuals
7%
National
Banks
7%
Brokers
3%
Other
2%
BNDES
11%
Foreign Banks
12%
+360
days
34%
Up 90
days
28%91 to 180
days
19%
181 to
360 days
18%
demand
1%

16. 16/21
Free Cash
On June 30, 2013, the free cash position totaled R$660.7 million, equivalent
to 27.2% of total deposits and 1.2x shareholders’ equity. The calculation
considers cash, short-term interbank investments and securities less funds
raised in the open market and debt securities classified under marketable
securities, comprising rural product certificates (CPRs), agribusiness deposit
certificates and warrants (CDAs/WAs), debentures and promissory notes
(NPs).
Capital Adequacy
The Basel Accord requires banks to maintain a minimum percentage of the capital weighted by the risk in their
operations. In this context, the Central Bank of Brazil has stipulated that banks operating in the country should
maintain a minimum percentage of 11%, calculated according to the Basel II Accord regulations, which provides
greater security to Brazil’s financial system against oscillations in economic conditions.
The following table shows BI&P’s position in relation to the Central Bank’s minimum capital requirements:
Basel Index 2Q13 1QT13 2Q13/1Q13 2Q12 2Q13/2Q12
Total Capital 554.3 485.3 14.2% 580.0 -4.4%
Tier I 555.3 486.3 14.2% 581.1 -4.4%
Tier II 1.3 1.3 -1.0% 1.4 -3.6%
Deductions (2.3) (2.3) 0.0% (2.4) -4.8%
Required Capital 419.1 376.8 11.2% 374.5 11.9%
Credit Risk Allocation 353.3 329.0 7.4% 337.1 4.8%
Market Risk Allocation 47.9 29.9 60.2% 17.1 179.5%
Operating Risk Allocation 17.9 17.9 0.0% 20.2 -11.4%
Excess over Required Capital 135.2 108.5 24.7% 205.6 -34.2%
Basel Index 14.6% 14.2% 0.4 p.p. 17.0% -2.5 p.p.
Risk Ratings
Agency Classification Observation
Last
Report
Financial
Data
Standard & Poor’s
BB / Negative / B
brA+ / Negative / brA-1
Global Scale
Local Scale - Brazil
August 6, 2013 March 31, 2013
Moody's
Ba3/ Negative / Not Prime
A2.br/ Negative / BR-2
Global Scale
Local Scale - Brazil
July 4, 2013 March 31, 2013
FitchRatings BBB / Stable / F3 Local Scale - Brazil July 4, 2013 March 31, 2013
RiskBank
9.92
Ranking: 47
RiskBank Index
Low Risk Short Term
July 15, 2013 March 31, 2013
638
760
661
2Q12 1Q13 2Q13
R$million

17. 17/21
Capital Market
Total Shares and Free Float
Number of shares as of June 30, 2013
Type
Corporate
Capital
Controlling
Group
Management Treasury Free Float %
Common 36,945,649 20,962,670 57,876 - 15,925,103 43.1%
Preferred 26,160,044 399,689 279,462 734,515 24,746,378 94.6%
TOTAL 63,105,693 21,362,359 337,338 734,515 40,671,481 64.4%
Share Buyback Program
The following Stock Option Plans, approved for the Company’s executive officers and managers, as well as
individuals who provide services to the Company or its subsidiaries, had the following balances on June 30, 2013:
Quantity
Stock
Option
Plan
Date of
Approval
Grace Period
Term for
Exercise
Granted Exercised Extinct Not Exercised
I 03.26.2008 Three years Five years 2,039,944 37,938 293,056 1,708,950
II 04.29.2011 Three years Five years 1,840,584 - 361,984 1,478,600
III 04.29.2011 Five years Seven years 1,850,786 - - 1,850,786
IV 04.24.2012 Up to five years Five years 605,541 - 23,640 581,901
6,336,855 37,938 678,680 5,620,237
The aforementioned Stock Options Plans are filed in the IPE system of the Securities and Exchange Commission
of Brazil (CVM) and are also available in the Company’s IR website.
Remuneration to Shareholder
During 1H13 the Bank neither provisioned nor paid interest on equity, calculated based on the Long-Term
Interest Rate (TJLP) and towards the minimum dividend for fiscal year 2013. The Board of Directors will, by the
end of the year, study the possibility of early payment of interest on equity after considering the results and the
tax efficiency of such payment.
Share Performance
The preferred shares of BI&P (IDVL4), listed in the Level 2 Corporate Governance segment of BM&FBOVESPA,
closed June 2013 at R$6.99, for market cap of R$436.0 million, including the shares existing on June 30, 2013
and excluding treasury stock. The price of IDVL4 shares dropped 6.7% in the quarter but increased 6.0% (4.5%
adjusted for earnings) in the 12 months ended June 2013. In comparison, the Bovespa Index (Ibovespa)
dropped 15.8% in the quarter and 12.7% in relation to 2Q12. At the end of 2Q13, the price/book value (P/BV)
was 0.77.

18. 18/21
Share Price evolution in the last 12 months
Liquidity and Trading Volume
The preferred shares of BI&P (IDVL4) were traded in 96.8% of the sessions in the quarter and 93.0% of the 244
sessions in the past 12 months. The volume traded on the spot market in the quarter was R$7.4 million,
involving 1.0 million IDVL4 shares in 815 trades. In the 12 months ended in June 2013, the volume traded on the
spot market was R$26.7 million, involving around 3.9 million preferred shares in 2,305 trades.
Shareholder Base
Position as of June 30,2013
# Type of Shareholder IDVL3 % IDVL4 % TOTAL %
5 Controlling Group 20,962,670 56.7% 399,689 1.5% 21,362,359 33.9%
5 Management 57,876 0.2% 279,462 1.1% 337,338 0.5%
- Treasury - 0.0% 734,515 2.8% 734,515 1.2%
28 National Investors 1,201,090 3.3% 8,312,979 31.8% 9,514,069 15.1%
13 Foreign Investors 4,891,304 13.2% 14,012,544 53.6% 18,903,848 30.0%
6 Corporate - 0.0% 6,712 0.0% 6,712 0.0%
277 Individuals 9,832,709 26.6% 2,414,413 9.2% 12,246,852 19.4%
334 TOTAL 36,945,649 100.0% 26,160,044 100.0% 63,105,693 100.0%
70
80
90
100
110
120
130
IBOVESPA IDVL4 adjusted for earnings IDVL4

19. 19/21
Balance Sheet
Consolidated R$ thousand
Assets 6/30/2012 3/31/2013 6/30/2013
Current 4,112,797 3,295,573 3,128,533
Cash 25,754 64,521 26,552
Short-term interbank investments 606,824 546,759 270,732
Open market investments 569,256 518,490 246,708
Interbank deposits 37,568 28,269 24,024
Securities and derivative financial instruments 1,483,027 718,515 1,011,301
Own portfolio 550,099 515,238 649,604
Subject to repurchase agreements 724,713 51,598 69,426
Linked to guarantees 170,547 127,461 160,716
Subject to the Central Bank - - 89,784
Derivative financial instruments 37,668 24,218 41,771
Interbank accounts 3,195 11,996 3,201
Loans 1,263,526 1,354,555 1,359,621
Loans - private sector 1,281,970 1,451,470 1,408,066
Loans - public sector - - -
(-) Allowance for loan losses (18,444) (96,915) (48,445)
Other receivables 692,144 545,482 394,416
Foreign exchange portfolio 564,427 508,913 320,987
Income receivables 14 43 58
Negotiation and intermediation of securities 37,365 27,444 61,573
Sundry 94,854 13,909 16,753
(-) Allowance for loan losses (4,516) (4,827) (4,955)
Other assets 38,327 53,745 62,710
Other assets 39,960 50,248 56,946
(-) Provision for losses (2,745) - -
Prepaid expenses 1,112 3,497 5,764
Long term 801,308 907,312 985,743
Short-term interbank investments - - -
Marketable securities and derivative financial instruments 53,002 51,163 45,188
Own portfolio 15,370 42 43
Subject to repurchase agreements - - -
Linked to guarantees - - -
Derivative financial instruments 37,632 51,121 45,145
Interbank Accounts 4,347 - 3,001
Loans 596,483 625,129 655,164
Loans - private sector 675,150 737,581 807,148
Loans - public sector - - -
(-) Allowance for loan losses (78,667) (112,452) (151,984)
Other receivables 147,066 199,332 251,685
Credit guarantees honored - - -
Trading and Intermediation of Securities 468 517 495
Sundry 152,674 204,788 260,163
(-) Allowance for loan losses (6,076) (5,973) (8,973)
Other rights 410 31,688 30,705
Permanent Assets 52,392 56,236 83,929
Investments 24,738 29,403 29,559
Subsidiaries and Affiliates 23,052 27,717 27,868
Other investments 1,842 1,842 1,847
(-) Loss Allowances (156) (156) (156)
Property and equipment 13,801 14,077 14,178
Property and equipment in use 1,210 1,210 1,210
Revaluation of property in use 2,634 2,634 2,634
Other property and equipment 19,467 20,481 22,740
(-) Accumulated depreciation (9,510) (10,248) (12,406)
Intangible 13,853 12,756 40,192
Goodwill 2,391 2,276 24,585
Other intangible assets 13,100 13,100 18,664
(-) Accumulated amortization (1,638) (2,620) (3,057)
TOTAL ASSETS 4,966,497 4,259,121 4,198,205

20. 20/21
Consolidated R$ thousand
Liabilities 06/30/12 03/31/13 06/30/13
Current 3,383,145 2,512,472 2,538,587
Deposits 893,007 928,651 1,021,586
Cash deposits 29,527 79,284 38,781
Interbank deposits 136,482 91,336 58,128
Time deposits 726,998 758,031 924,677
Other - - -
Funds obtained in the open market 1,219,647 193,228 176,141
Own portfolio 720,294 51,699 56,517
Third party portfolio 130,011 53,211 104,621
Unrestricted Portfolio 369,342 88,318 15,003
Funds from securities issued or accepted 331,483 497,095 550,198
Agribusiness Letters of Credit, Real State Notes & Bank Notes 331,483 497,095 550,198
Interbank accounts 202 180 556
Receipts and payment pending settlement 202 180 556
Interdepartamental accounts 10,218 15,741 9,892
Third party funds in transit 10,218 15,741 9,892
Borrowings 449,157 396,399 365,999
Foreign borrowings 449,157 396,399 365,999
Onlendings 103,582 125,570 131,247
BNDES 62,750 83,659 90,018
FINAME 40,832 41,911 41,229
Other liabilities 375,849 355,608 282,968
Collection and payment of taxes and similar charges 449 287 452
Foreign exchange portfolio 212,693 206,208 5,353
Taxes and social security contributions 3,186 4,156 13,201
Social and statutory liabilities 4,000 2,500 4,500
Negotiation and intermediation securities 114,389 74,364 133,055
Derivative financial instruments 29,580 53,512 75,550
Sundry 11,552 14,581 50,857
Long Term 999,899 1,247,172 1,089,265
Deposits 790,227 992,003 842,830
Interbank Deposits 494 58 32
Time deposits 789,733 991,945 842,798
Funds from securities issued or accepted 23,323 33,503 13,172
Agribusiness Letters of Credit, Real State Notes & Bank Notes 23,323 33,503 13,172
Loan obligations - - -
Foreign loans - - -
Onlending operations - Governmental Bureaus 164,180 196,525 217,312
Federal Treasure 9,184 7,702 7,435
BNDES 68,282 101,588 122,487
FINAME 86,063 87,017 87,186
Other Institutions 651 218 204
Other liabilities 22,169 25,141 15,951
Taxes and social security contributions 18,872 18,468 7,550
Derivative financial instrument 1,049 2,420 4,246
Sundry 2,248 4,253 4,155
Future results 1,013 1,031 795
Shareholders' Equity 582,440 498,446 569,558
Capital 572,396 572,396 661,812
Capital Reserve 10,343 17,565 19,866
Revaluation reserve 1,364 1,327 1,315
Profit reserve 4,196 - -
(-) Treasury stock (5,859) (5,859) (5,859)
Asset valuation Adjustment - - 31
Accumulated Profit / (Loss) - (87,860) (108,455)
Minority Interest - 877 848
TOTAL LIABILITIES 4,966,497 4,259,121 4,198,205

21. 21/21
Income Statement
Consolidated R$ thousand
2Q12 1Q13 2Q13 1H12 1H13
Income from Financial Intermediation 222,829 87,588 93,015 384,607 180,603
Loan operations 62,860 55,972 50,133 133,057 106,105
Income from securities 114,389 19,626 22,316 182,995 41,942
Income from derivative financial instruments 5,549 1,960 (7,780) 1,803 (5,820)
Income from foreign exchange transactions 40,031 10,030 28,346 66,752 38,376
Expenses from Financial Intermediaton 185,865 198,223 90,778 311,213 289,001
Money market funding 119,361 53,208 53,005 204,664 106,213
Loans, assignments and onlendings 43,907 11,631 37,628 69,554 49,259
Allowance for loan losses 22,597 133,384 145 36,995 133,529
Gross Profit from Financial Instruments 36,964 (110,635) 2,237 73,394 (108,398)
Other Operating Income (Expense) (30,926) (33,887) (36,041) (58,077) (69,928)
Income from services rendered 5,364 6,451 8,636 11,954 15,087
Income from tariffs 155 172 187 354 359
Personnel expenses (21,939) (26,373) (26,138) (44,677) (52,511)
Other administrative expenses (13,622) (13,371) (15,694) (26,745) (29,065)
Taxes (2,342) (3,600) (2,034) (6,047) (5,634)
Result from affiliated companies 473 787 402 2,017 1,189
Other operating income 3,739 3,204 1,147 8,710 4,351
Other operating expense (2,754) (1,157) (2,547) (3,643) (3,704)
Operating Profit 6,038 (144,522) (33,804) 15,317 (178,326)
Non-Operating Profit (1,153) (669) 752 1,731 83
Earnings before taxes ad profit-sharing 4,885 (145,191) (33,052) 17,048 (178,243)
Income tax and social contribution (217) 59,189 15,109 (5,196) 74,298
Income tax (6,687) 6,632 1,074 (6,108) 7,706
Social contribution (4,027) 4,057 457 (3,612) 4,514
Deferred fiscal assets 10,497 48,500 13,578 4,524 62,078
Statutory Contributions & Profit Sharing (2,250) (5,431) (2,694) (4,389) (8,125)
Net Profit for the Period 2,418 (91,433) (20,637) 7,463 (112,070)