1. 1Q09 Results Presentation

2.  Disclaimer
All financial information presented herein is consolidated, including the financial
statements of the Bank, its subsidiaries, of Credit Receivables Investment Fund Paraná
Banco I, Credit Receivables Investment Fund Paraná Banco II (FIDCs), the insurers
JMalucelli Seguradora, JMalucelli Seguradora de Crédito (waiting for SUSEP´s approval),
JMalucelli Re., JMalucelli Agenciamento, and Paraná Administradora de Consórcio. All
information, except when otherwise indicated, is presented in the Brazilian currency (in
thousands of Reais) and was prepared based on the accounting practices pursuant to the
Brazilian Corporate Law, associated with the regulations and instructions issued by the
National Monetary Council (“CMN”), the Brazilian Central Bank (“BACEN”), the Brazilian
Securities and Exchange Commission ("CVM"), the National Council of Private Insurance
(“CNSP”), the Brazilian Private Insurance Authority (“SUSEP”) and the Accounting
Standards Committee (“CPC”), whenever applicable.
Information contained herein regarding future events is exposed to risks and
uncertainties and is subject to change, resulting from, among other factors: market
behavior, Brazil‟s economical and political situation, and changes in legislation and
regulations. Information presented herein is entirely based on the expectations of the
Bank‟s Administration regarding its future performance, and does not constitute a
guarantee of performance.
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3.  Main Highlights
Net income in 1Q09:
• growth of 27% over 4Q08
R$ 20.3 million
Interest on equity (IOE)
paid in 1Q09: • 29.1% of net income
R$ 5.9 million
ROAE of 10.4%,
• efficiency and profitability
ROAA of 3.9%
• net interest margin above the
NIM of 13.3% industry's average
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4.  Main Highlights
Loan Operations:
• decline of 0.4% for the quarter
R$ 1,105.8
Delinquency index
(H level): 2.4% • stable portfolio quality
Consolidated Portfolio + assignments of co-obligations
Basel Index: 55.1% • decline of 1.6 p.p. for the quarter
JMalucelli Seguradora: • Profitable operation with a large
ROAE of 37.8% customer portfolio
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5.  Structure
100 % 100 %
J Malucelli Part. Seg J Malucelli Ag e
e Resseguros Serviços
100 % 100 % 100 %
J Malucelli J Malucelli Vida e
J Malucelli Re
Seguradora Previdência**
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6.  Segmentation
Paraná Banco
Loan (Portfolio) Insurance (Written Premiums)
6,5% 0,2%
0,9%
1,7%
Payroll-Deductible Loans
Credit Card 61,571
Surety Bonds
90,7% Middle Market
85,259 Reinsurance
Storeowner Consumer
Credit
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7. Diversification - Credit
PME (SMALL AND MEDIUM SIZED COMPANIES)
• Started in 3Q07;
• 2 structured products:
• Working Capital
• Guaranteed Account
• Balance of the PME credit portfolio: R$ 71.6 million (6.5% of the Bank’s total portfolio)
• Platforms Curitiba and São Paulo
CDC LOJISTA (STOREOWNER CONSUMER CREDIT)
• Rolled out in October 2008;
• 3 structured products :
• Paraná Banco Credit – Check
• Paraná Banco Credit - Payment Book
• Paraná Banco Credit – Payroll-Deductible Credit
• Portfolio: R$ 2.5 million.

8. Distribution Channels
54%
Beginning of operations with franchises
49%
33%
41%
46%
31%
30%
28% 21%
21%
7% 10% Franchise
Own Stores
Brokers
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09
OWN STORES FRANCHISE BROKERS
• Located in large centers • Unique and innovative
distribution channel • Highly scalable model
• Regional offices • Most traditional channel
• Exclusivity
• Own teams • The Broker´s Portal
• Increased control
6 stores 82 stores
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9. Payroll-Deductible Loan
Payroll-Deductible Loan Origination
131,158
10%
17%
INSS
72,819
20% States
Municipalities
80.1%
Other Entities
53%
4Q08 1Q09
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10. Loan Portfolio
The total balance of the credit portfolio, including the portfolio of credit assignments
with co-obligation, amounted to R$1,336.3 million in 1Q09
Loan Portfolio Risk Classification*
1,402.7 H
1,342.2 1,336.3 H H
1.6%
31.3 2.3% 2.4%
292.2 D-G
230.5
2.3% D-G D-G
3.1% 3.1%
1,310.9
1,110.5
AA-C
1,105.8
96.1% AA-C AA-C
94.6% 94.5%
1Q08 4Q08 1Q09 1Q08 4Q08 1Q09
Loans Assignments of co-obligations * Percentage over consolidated portfolio + assignments of co-obligations
At the end of 1Q09 the Bank had a portfolio of R$1,105.8 million in balance, and R$230.5 million in the
balance of credit assignments with co-obligation
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11. Assets and Net Worth
(R$ „000)
Total Assets Net Worth
2,201,633 2,225,508
2,131,762 815,867
809,730 807,365
1.1 % -0,3 %
4.4% -1,0 %
1Q08 4Q08 1Q09 1Q08 4Q08 1Q09
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12. Market Funding Operations
(R$ „000)
Total Funding Funding Sources
877,744
769,534
737,640
FIDCs
13%
24% Institutional Investors
-4.1% 19%
Related Parties
Individuals
28%
-16.0% 16%
Other Companies
1Q08 4Q08 1Q09
In 1Q09, the free cash flow of the individual Bank was R$312.8 million
42% of total deposits.
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13. Summary of Financial Indicators
and Highlights
1Q09 x 1Q09 x
1Q09 4Q08 1Q08
4Q08 1Q08
Income from financial operations 79,961 120,046 (33.4%) 86,458 7.5%
Expenses from financial operations (37,517) (48,025) (21.9%) (34,286) 9.4%
Financial operations result 42,444 72,021 (41.1%) 52,172 (18.6%)
ROAE 10.4% 8.1% 2.3 p.p. 12.4% (2.0 p.p.)
ROAA 3.9% 3.0% 0.9 p.p. 4.5% (0.6 p.p.)
NIM 13.3% 19.8% (6.5 p.p.) 15.0% (1.7 p.p.)
Income from financial operations was 18.6% lower versus 1Q08, mainly due to the decrease in
credit operations in the period.
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14. Operating Income (Expenses)
1Q09 4Q08 1Q09 x 4Q08 1Q08 1Q09 x 1Q08
Other operating income (expenses) (13,788) (53,812) (74.4%) (19,109) (27.8%)
Personnel Expenses (8,728) (9,567) (8.8%) (6,144) 42.1%
Other Administrative Expenses (37,303) (60,479) (38.3%) (33,881) 10.1%
Insurance premiums 96,065 99,933 (3.9%) 48,521 98.0%
(11.786) 9%
Operating expenses totaled R$13.8 million, a decrease of 27.8% versus 1Q08.
Strong performance recorded by JMalucelli Seguradora and JMalucelli Resseguradora.
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15. Surety Bonds
Premiums Written
494,857
339,534
205,368 194,664
167,642
43% 98,213
51%
30% 37% 42%
51%
2004 2005 2006 2007 2008 Feb-09
JMALUCELLI SEGURADORA S/A Other Insurance Companies
28% 24% 34% 30% 37% 42% 50%
27%
Leadership in the surety bond market with a ...JMalucelli Seguradora reaches annual ROE
51.3% market share, according to data by the over average Shareholders‟ Equity of 37.8%
SUSEP up to February 2009... in 1Q09.
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16. Surety Bonds
Claims and Claims Ratio Evolution - JMalucelli Seguradora vs. Market
Claim Ratio Insurance Claims
50%
76,155 76,004
40%
30% 29.2%
38,273
20%
29,950 28,650
10% 16,146
9,056
6,457
4,025
2,372
0% 1.0% 253 485
2004 2005 2006 2007 2008 Feb-09 2004 2005 2006 2007 2008 Feb-09
Insurance Claims Market Insurance Claims J Malucelli Seg
Market JMalucelli Seguradora
Claims ratio indicators show a healthy Accurate risk appraisal is evidenced
situation in relation to the market by low claims ratio
• Source: SUSEP up to February 2009
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17. Reinsurance
• Reinsurance market inaugurated in May 2008
• Operations as a Local Reinsurer started in June 2008
• Took advantage of the Market reserve
• 100% reinsurance of JM Seguradora’s premiums
JMalucelli Resseguradora achieved in 1Q09:
• R$ 61.6 million worth in written premiums
• R$ 3.6 million Net Income
• 20.0% ROAE
• Partnership with International Reinsurance Companies
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18. Corporate Governance
At the Annual General Meeting held on March 16, 2009, and the Board of
Directors’ Meeting held on March 19, 2009, officers and members of the
Board of Directors were elected for a two-year term of office.
On March 31, 2009, the Board of Directors approved the payment of
Interest on Equity in the total amount of R$ 5.9 million, equivalent to R$ 0.06
per share, corresponding to pay-out of 29% and dividend yield of 1.3%.
On April 1, 2009, the Board of Directors approved the cancellation of
3,331,800 preferred shares acquired in the 3rd buyback program. Thus, the
Company’s capital stock will be made up of: 99,573,632 shares, being
56,724,976 common shares, and 42,848,656 preferred shares.
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19. PRBC4 - Stock Performance
140,00 18.000
DAILY TRADING VOLUME (R$ Thousands)
16.000
120,00
14.000
100,00
SHARE PRICE (base 100)
12.000
80,00 10.000
60,00 8.000
6.000
40,00
4.000
20,00
2.000
0,00 -
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20. IR Contacts
Cristiano Malucelli Mauricio N. G. Fanganiello
Investor Relations Officer IR Coordinator
Phone: (55 41) 3351-9950 Phone: (55 41) 3351-9765
Marianne Baggio
e-mail: ri@paranabanco.com.br
IR Analyst
IR Website: www.paranabanco.com.br/ir
Tel: (55 41) 3351-9645
This presentation may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on
current expectations and projections regarding future events and financial trends that affect or may come to affect our business. Many important factors
may adversely affect the results of Paraná Banco as described in our estimates and forward-looking statements. These factors include, but are not limited to,
the following: the Brazilian and international economic situation, fiscal, foreign-exchange and monetary policies, higher competition in the payroll-
deductible loan segment, the ability of Paraná Banco to obtain funding for its operations, and amendments to Central Bank regulations. The words
“believe”, “may”, “could”, “seek”, “estimate”, “continue”, “anticipate”, “plan”, “expect” and other similar words are intended to identify estimates and
projections. The considerations involving estimates and forward-looking statements include information related to results and projections, strategies,
competitive positioning, the industry environment, growth opportunities, the effects of future regulations, and the impact 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 herein.
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