EARNINGS RELEASE 3 QUARTER 2013

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18 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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EARNINGS RELEASE
3
rd
QUARTER 2013

Investment platform ‘guide’ launched
Managerial ALL expenses in the quarter (annualized) was 0.75%, compared to 1.1% in
the previous quarter, reflecting the quality of Banco BI&P’s credit portfolio

















































BI&P - Banco Indusval & Partners is a commercial bank with more than 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
·
Volume of origination by the Banco BI&P commercial team: the
Expanded
Credit Portfolio
, including the loans assigned to Banco Intercap, totaled
R$3.4 billion, up 3.9% in the quarter and 12.2% from September 2012.
Including the Banco Intercap portfolio, the consolidated Expanded Credit
Portfolio totaled R$3.6 billion, representing growth of 21.5% in the year.
·
The
Emerging Companies and Corporate segments
accounted for
48.7% and 50.5%, respectively, of the expanded credit portfolio of Banco
BI&P.
·
Loans rated between AA and B
corresponded to 84.5% of the expanded
credit portfolio of Banco BI&P. Noteworthy are the loans granted during the
period: 99.9% were rated between AA and B
·
The
Managerial Expense with Allowance for Loan Losses (ALL)
in
3Q13 (annualized) was 0.75% of the expanded credit portfolio (1.1% in
2Q13), in line with the conservative credit policy adopted by the Bank and
lower than Management’s expectations.
·
Funding
volume totaled R$3.1 billion and
Free Cash
totaled R$657.9 million
at the end of 3Q13, in line to the growth of the loan portfolio.
·
Adjusted Revenue from Credit Operations and Agro Bonds (CPR)
,
(see page 7), which reflects the Bank's core business, totaled R$78.0 million
in the period, increasing 12.7% in the quarter and 32.7% in 12 months.
·
Income from Services Rendered
, which includes fees for structuring
corporate finance operations, increased 16.7% in 3Q13 and 31.6% in 12
months.
·
Net Income
from the quarter was R$2.0 million, mainly due to the increase
in revenues from credit operations and agro bonds (CPR).
·
In the beginning of November, we announced the launch of
guide
investimentos
, which will provide asset management services for high-
income individuals through an investment platform that includes investment
consulting and advice, financial content and intelligence, and a tailor-made
product offering selected by analysts and economists.
·
On November 4, 2013, we concluded the
acquisition of Banco Intercap
S.A.
and, consequently, announced a
capital increase of R$107 million
,
to be subscribed by the shareholders of Banco Intercap. Messrs. Roberto de
Rezende Barbosa and Afonso Antônio Hennel will join the Bank BI&P’s
controlling group, and also, after approval by the extraordinary shareholders’
meeting, the Board of Directors of the Bank as Vice Chairman and Director,
respectively.
IDVL4:

R$5.71

per share
Closing: November 12, 2013

Outstanding Shares: 74.698.289
Market Cap: R$426.5 million
Price/Book Value: 0.74




Conference Call / Webcasts

13/11/2013

In English
10 a.m. (US EST) / 1 p.m. (Brasília)

Connections
Brazil: +55 11 4688-6361
EUA: +1 786 924-6977
Code: Banco BI&P


In Portuguese
9 a.m. (US EST) / 12 p.m. (Brasília)

Number: +55 11 4688-6361
Code: Banco BI&P
Website
www.bip.b.br/ir




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