1

Unibanco´s Consolidated Results for the Period Ended September 30, 2001

Conference CallNovember 9, 2001

Unibanco´s Consolidated Results for the Period Ended September 30, 2001

2

Net Income and EquityNet Income and Equity

YoY%QoQ% 3Q00 2Q013Q01

Net Income (R$ million) 300 221 205 35.7% 46.4%

Earnings/1000 shares (R$) 2.15 1.57 1.67 36.9% 28.7%

Equity (R$ million) 6,065 5,788 4,391 4.8% 38.1%

3

Results and Capital AdequacyResults and Capital Adequacy

ROAE 21.9% 16.2% 20.5%

ROAA 2.1% 1.6% 2.1%

Basle Ratio 13.3% 14.4% 16.9%(Central Bank of Brazil)

3Q00 2Q013Q01

ROAE

20.5%

16.2%

3Q00 2Q01 3Q01

21.9%

4

Loan PortfolioLoan PortfolioIn R$ million

YoY%QoQ% Sep/00 Jun/01Sep/01

4,505 4,243 2,762 6.2% 63.1%479 466 441 2.8% 8.6%853 894 769 -4.6% 10.9%

2,505 2,416 1,773 3.7% 41.3%

General Purpose Lending Trade Finance

Consumer CreditReal EstateLeasingCredit Cards

12,647 12,212 8,700 3.6% 45.4%

3,847 4,072 3,070 -5.5% 25.3%

Subtotal 16,494 16,284 11,770 1.3% 40.1%

Subtotal 8,342 8,019 5,745 4.0% 45.2%

Total 24,836 24,303 17,515 2.2% 41.8%

5

Loan GrowthLoan GrowthIn R$ million

Total GrowthUnibanco and Bandeirantes 100% of Fininvest

Jun/01 Sep/01Sep/00

22,995

23,466

24,30324,836

1,308

17,515

1,370

38.8%

2.2%

31.3%

2.0%

41.8%

Note: Bandeirantes was acquired in Dec/00.

6

Loan Breakdown Loan Breakdown

June 2001

R$ 24,836 million

LargeCorporate

Corporate MiddleMarket

Credicard and Fininvest

RetailBanking

0.8% Private

September 2001

R$ 24,303 million

LargeCorporate

Corporate MiddleMarket

Credicard and Fininvest

RetailBanking

45.2%

30.7%

8.7%

1.0% Private14.4%

45.3%

31.2%

8.6%

14.2%

7

Credit Quality Credit Quality

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

40.6% 43.8% 43.9% 40.8% 39.1% 37.9% 41.9%

27.1% 26.7% 28.2% 29.9% 30.8% 32.1% 25.5%

10.1% 9.3% 9.9% 9.8% 10.0% 10.3% 11.2%

14.4% 11.5% 9.7% 10.3% 10.9% 10.6% 12.7%

7.8% 8.7% 8.3% 9.2% 9.2% 9.1% 8.7%

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

16,013 17,327 17,833 22,148 23,473 24,901 25,457

AA A B C D-H

R$

mill

ion

8

Credit Quality Credit Quality

% AA - C Total Portfolio (R$ million)

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

91%91%91%92%91%92%

24,90123,473

22,148

17,83317,32716,013

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

91%

Sep/01

25,457

9

Over 60 Days Past Due Credits / Total LoansOver 60 Days Past Due Credits / Total Loans

3.0

4.1

3.03.02.8

3.23.53.4

4.23.8 4.1

1Q00 2Q00 3Q00 4Q00 1Q01 2Q01 3Q01

%

Unibanco consolidated excluding Fininvest

Unibanco consolidated

10

Loan Loss ProvisionsLoan Loss Provisions

In R$ million

9M013Q002Q013Q01 9M00

Provision for loan losses (initial balance) 1,654 1,561 1,145 1,484 972

Expenses with provisions for loan losses 346 433 340 1,161 877

Incorporated Balances - - - - 85

Loan charge-offs (436) (340) (313) (1,081) (762)

Provision for loan losses (final balance) 1,564 1,654 1,172 1,564 1,172

Net charge-off / Total loan portfolio 1.3% 1.1% 1.3% 3.3% 2.7%

Loan recovery 104 74 80 260 294

11

FundingFunding

Funds in Local Currency 31,755 31,185 20,975 1.8% 51.4%

Funds in Foreign Currency 12,761 12,264 8,001 4.1% 59.5%

Total Funds 44,516 43,449 28,976 2.5% 53.6%

Assets Under Management 19,868 19,039 17,238 4.4% 15.3%

Total Funds + Assets Under Mgt 64,384 62,488 46,214 3.0% 39.3%

QoQ% Sep/00Jun/01 YoY%

In R$ million

Sep/01

12

Deposits Deposits

Demand Deposits 2,295 2,290 1,685 0.2% 36.2%

Savings Deposits 4,208 4,163 2,688 1.1% 56.5%

Interbank Deposits 222 318 98 -30.2% 126.5%

Time Deposits 9,741 8,115 4,997 20.0% 94.9%

Total Deposits 16,466 14,886 9,468 10.6% 73.9%

Sep/00Jun/01 Sep/01 QoQ% YoY%

In R$ million

13

Fee IncomeFee Income

9M009M012Q01

Tariffs and Commissions 273 267 195 790 574

Credit Cards 226 202 148 621 438

Asset Management 61 59 62 186 157

Total 560 528 405 1,597 1,169

3Q003Q01

In R$ million

14

Personnel and Administrative ExpensesPersonnel and Administrative Expenses

9M009M012Q01

Multiple Bank 607 501 502 1,588 1,428

Multiple Bank ContAtiva 29 25 0 68 0

Bandeirantes 52 103 0 277 0

Subtotal Bank+Bandeirantes 688 629 502 1,933 1,428

Fininvest 95 94 39 279 105

Other Subsidiaries & Affiliates 288 239 193 742 576

TOTAL 1,071 962 734 2,954 2,109

In R$ million

3Q003Q01

15

Main Changes in Personnel and Adm. ExpensesMain Changes in Personnel and Adm. ExpensesIn R$ million3Q01 vs. 2Q01

5

13

-51

110

109

Tecban

Credicard

Bandeirantes

Multiple Bank

Volume growth

Stake increase

Collective bargaining agreement 2001: R$ 30

ContAtiva: R$ 4

Transfer from Bandeirantes: R$ 39

Increase in service fees / others: R$ 37303739 4

Total Personneland Adm. Expenses

31(*)Others

(*) Blockbuster R$ 5.1MM; Serasa R$ 4.6MM; Cartão UBB R$2.7MM; Branches abroad R$2.1MM; Interchange R$1.0MM; UAM R$0.5MM and others.

16

Main Changes in Personnel and Adm. ExpensesMain Changes in Personnel and Adm. Expenses

9M00

9M01

9M00

9M01

Reported Pro Forma

279

210+69 32.7%

Fininvest

105 105

2,109 561

2,954

2,670

Multiple Bank + Bandeirantes +49 2.6%

9M00

9M01

1,884

1,656 1,933277

456 1,428

BAND UNIBANCO

BAND UNIBANCO

Total Consolidated (1)

(1) Includes other companies

+284

10.6%

9M01 x 9M00 In R$ million

17

Fee Income / Personnel & Adm. ExpensesFee Income / Personnel & Adm. Expenses

R$

Mil

lio

n 734

962

1,071

405 528 560

3Q00 2Q01 3Q01

55.1% 55.0% 52.3%

Personnel & Adm. Expenses

Fee Income

Fee Income/Personnel and Adm. Expenses

18

Efficiency RatioEfficiency Ratio

(1) (Personnel Expenses + Other Administrative Expenses) / (Net Income from Financial Intermediation + Provisions for Loan Losses + Fee Income + Insurance, Capitalization and Pension Plans Premiums + Changes in technical provisions for insurance, capitalization and private retirement plans + Claims + Private Retirement plans benefits expenses + Selling and other insurance and private and private retirement plans expenses expenses + Credit card selling expenses + Taxes + Other Operating Income - Other Operating Expenses)

Efficiency Ratio(*)

Number of Employees

3Q00

58.6%

3Q01

58.4%

9M00

19,643

58.2%

9M01

57.8%

29,673

19

9M009M01 3Q00 3Q01 2Q01

Revenue from financial intermediation 3,405 2,546 1,665 8,368 4,767

Expense on financial intermediation (2,365) (1,726) (1,008) (5,688) (2,775)

Profit from financial intermediation 1,040 820 657 2,680 1,992

Fee Income 560 528 405 1,597 1,169

Insurance, capitalization and private 454 417 363 1,311 1,016retirement plans

Personnel / Administrative (1,071) (962) (734) (2,954) (2,109)

Operating Income 419 316 180 1,002 641

Net Income 300 221 205 731 556

In R$ million

Consolidated Income StatementConsolidated Income Statement

20

Effects of FX on Investments Abroad Effects of FX on Investments Abroad

3Q01 2Q01

Exchange rate fluctuation on investments abroad 310.6 125.2

Cost of Hedge (141.8) (46.5)

Income abroad 168.8 78.7

Opportunity Cost (75.7) (64.5)

Managerial impact of investments abroad 93.0 14.2

In R$ million

21

BIS RatioBIS Ratio

Changes in the quarter:

- Risk weighted assets growth (0.6)%

- Equity growth 0.6%(mainly net income)

- Foreign exchange exposure (1.1)%(according to Central Bank’s guidelines)

BIS Ratio - June 30, 2001 14.4%

BIS Ratio - September 30, 2001 13.3%

22

Organic Growth Plan - ContAtivaOrganic Growth Plan - ContAtiva

ContAtiva : 1.8 million customers ContAtiva : 1.8 million customers 3 year-goal (Jan/01 to Dec/03)3 year-goal (Jan/01 to Dec/03)

ContAtiva : 1.8 million customers ContAtiva : 1.8 million customers 3 year-goal (Jan/01 to Dec/03)3 year-goal (Jan/01 to Dec/03)

Open: 66 branches135 Corporate-site 58 In-store branches

Investments: R$180 million

Expense Growth: R$200 million

Incremental Income: R$500 million

23

Organic Growth Plan - ContAtivaOrganic Growth Plan - ContAtiva

Goal540,000

New Accounts Opened - Jan to Sep/01

September : 85,000

Real643,000 119%

Annualized growth rate: 19%p.a.

24

Banco Bandeirantes’ IntegrationBanco Bandeirantes’ Integration

Estimated Expenses Actual Expenses# Branches

14

10

35

47 47

52 54 53

48 48

50

60

27-A

pr18

-May

08-J

un

22-J

un

06-J

ul

20-J

ul03

-Aug

17-A

ug31

-Aug

14-S

ep28

-Sep

19-O

ct

Nov

Dec

R$

mil

lio

n# b

ranch

es

10,000

15,000

20,000

25,000

30,000

35,000

40,000

5,000

Concluded

Baseline R$ 597,890Estimated R$ 385,932 35%Real+Integr R$ 365,909 39%

Ongoing Running Rate

25

• Branch migration fully completed by October 2001

• Estimated reduction of 35% of Banco Bandeirantes’ annual

costs, was exceeded reaching 39% at the end of September

Banco Bandeirantes’ IntegrationBanco Bandeirantes’ Integration

26

Strategic Alliance: Ponto FrioStrategic Alliance: Ponto Frio

• 50/50 joint-venture between Unibanco and Globex, controllingshareholder of Ponto Frio

• Ponto Frio: 2nd largest consumer durables retail franchise - 8.7 million clients, 350 stores, R$ 2.5 billion in annual sales

• Some 2 million contracts outstanding; credit portfolio of R$ 430 million as of June/2001

• Expected portfolio growth: 16-20% p.a. for 2002/2003 10% p. a. for 2004-2006

• Supports commercial operations of other retailers through an integrated system and delivery platform

• Cross selling opportunities

27

• 50/50 joint venture between Fininvest and Magazine Luiza

• Magazine Luiza: 3.3 million clients, 111 stores in 92 cities, R$ 600 million in annual sales, strong presence in the interior of São Paulo, western Paraná and southern Minas Gerais - highly complementary to Ponto Frio´s network

• Cross selling opportunities

• Allows Fininvest to have access to Magazine Luiza’s client base

• Deal concluded on Sep 10th; financial settlement by the end of September and beginning of operations in October 1st.

Strategic Alliance: Magazine LuizaStrategic Alliance: Magazine Luiza

28

AcknowledgementAcknowledgement

Unibanco joined the Dow Jones Sustainability Index (DJSI) in the last annual revision. The DJSI consist of the leading sustainability companies in 33 countries. The index encompass the top 10% of the companies that lead their industry in terms of economic, environmental and social criteria.

Unibanco is the first Brazilian company to obtain a corporate governance rating.The company was graded with a 8.4 ranking on a 1-10 scale by SR Rating, which represents an advanced stage of corporate governance. The rating is based on best Brazilian and international corporate governance practices.

29

For more information contact our

Investor Relations Area

at phone: 55-11-3097-1626 / 1313

fax: 55-11-3813-6182

email: investor.relations@unibanco.com.br

IR site: www.unibanco.com (select Investor Relations Option)