1. Consolidated Results for the Period Ended December 31, 2001
Conference Call
February 22, 2002

2. Note: Basle Ratio according to the Central Bank of Brazil.
Net Income and Equity
4Q01
3Q01
4Q00
QoQ%
YoY%
Net Income (R$ million) (19.7)% 31.7%
Earnings/1000 shares (R$) (20.0)% 15.4%
Equity (R$ million) 6,072 6,065 5, % 10.3%
ROAE (%)
ROAA (%)
Basle Ratio (%)
Note: Basle Ratio according to the Central Bank of Brazil.

3. Managerial Impact of Investments Abroad
In R$ million
4Q01
3Q01
2Q01
Exchange rate fluctuation on investments abroad (324.7)
Hedge on investments abroad (141.8) (46.5)
Managerial net impact (136.5)
Opportunity Cost (73.8) (75.7) (64.5)
Managerial impact of investments abroad (210.3)

4. Earnings per 1000 shares - R$
Net Income and Equity
2001
2000
YoY%
Net Income (R$ million) %
Earnings/1000 shares (R$) %
Equity (R$ million) 6,072 5, %
ROAE (%)
ROAA (%)
Basle Ratio (%)
CAGR = 18.4%
6.95
Earnings per 1000 shares - R$
6.02
5.57
15%
4.38
4.58
2.99
1996
1997
1998
1999
2000
2001

5. Managerial Impact of Investments Abroad - 2001
In R$ million
2001
Exchange rate fluctuation on investments abroad 281.9
Hedge on investments abroad (77.9)
Managerial net impact 204.0
Opportunity cost (291.3)
Managerial impact of investments abroad (87.3)

6. General Purpose Lending
Loan Portfolio
In R$ million
Dec/01
Sep/01
Dec/00
QoQ%
YoY%
General Purpose Lending
12, , , % 22.2%
3,291 3,847 3,802 (14.5)% (13.4)%
Trade Finance
Subtotal 16, , ,371 (1.8)% 12.8%
Consumer Credit
4,912 4,505 3, % 43.5%
% (2.4)%
(6.3)% (15.7)%
2,947 2,505 2, % 24.5%
Real Estate
Leasing
Credit Cards
- Balanced growth, rigor on creditworthiness (growth below market average)
- Maintain tight filter for behaviour scoring models and wholesale credit processes
- Total 34,5% ano - Orgânico (18,4) Aquisições (16,1)
- Total 23,6% ano - Orgânico (8,8) Aquisições (14,8)
- Market Growth
Estimated 35% growth of total loans in the private sector
- TRADE - mesmo nível em $ do início do ano
Subtotal 9,153 8,342 7, % 26.4%
Total 25, , , % 17.3%

7. Note: Investcred and Magazine Luiza consolidated from December 2001.
Loans and Guarantees
In R$ million
16.6%
25,827
1.5%
Fininvest: R$ 1,690 MM
Credi Luiza: R$ MM
Investcred: R$ MM
2,026
25,457
1,613
14.9%
23,801
22,148
1,453
23,844
20,695
Dec/00
Sep/01
Dec/01
Fininvest/
Credi Luiza and
Investcred
Unibanco + Bandeirantes
Total Growth
Note: Investcred and Magazine Luiza consolidated from December 2001.

8. Loans and Guarantees Breakdown
December 2000
December 2001
42%
41%
Retail
Banking
Retail
Banking
58%
59%
Wholesale
Banking
Wholesale
Banking
R$ 22.1 Billion
R$ 25.8 Billion
16.6%
Retail + 19% Wholesale +16%

9. 200 mil de PJ Varejo foram p/ Large
Loans and Guarantees Breakdown
December 2000
December 2001
R$ 22.1 billion
R$ 25.8 billion
Individuals
34%
Individuals
35% 2% 3% 7% 4% 3%
19% 4%
20% 7% 7% 5% 3% 5%
54%
52% 3% 1%
Corporate
66%
Corporate
65% 1%
Large Corporate
Small Companies
Credicard
Middle Market
Commercial Portfolio
Cartão UBB
Companies
Fininvest
Private
200 mil de PJ Varejo foram p/ Large

10. Total Portfolio (R$ million)
Credit Quality (Loans and Guarantees)
91%
91%
91%
91%
91%
25,827
25,457
24,901
23,473
22,148
Dec/00
Mar/01
Jun/01
Sep/01
Dec/01
% AA - C
Total Portfolio (R$ million)

11. Unibanco Consolidated
Over 60 Days Past Due Credits / Total Loans
4.2
4.1
4.1
4.1
3.8 %
3.5
3.4
3.2
3.0
3.0
3.0
2.8
2.8
1Q00
2Q00
3Q00
4Q00
1Q01
2Q01
3Q01
4Q01
Unibanco Consolidated
Unibanco consolidated excluding Fininvest/
Credi Luiza and Investcred

12. Unibanco Consolidated Fininvest/Credi Luiza and Investcred
AA - C Portfolio of Loans and Guarantees
93%
93%
92%
92%
91%
91%
91%
91%
87%
86%
85%
85%
83%
82%
80%
80%
Mar/01
Jun/01
Sep/01
Dec/01
Multiple Bank
Unibanco Consolidated
Cartão UBB/Credicard
Fininvest/Credi Luiza and Investcred

13. Loan Loss Provisions 4Q01 3Q01 4Q00 2001 2000
In R$ million
4Q01
3Q01
4Q00
2001
2000
Allowance for loan losses (opening balance) 1, ,654 1,172 1,
Expenses with provision for loan losses ,650 1,242
Balances included/adjusted
Loan charge-offs (553) (436) (459) (1,634) (1,221)
Allowance for loan losses (closing balance) 1,538 1,564 1,478 1,538 1,484
Net write-off / Total loans and guarantees 1.4% 1.3% 1.7% 4.6% 3.8%
Loan recovery

14. Funding Dec/01 Sep/01 Dec/00 QoQ% YoY%
In R$ million
Dec/01
Sep/01
Dec/00
QoQ%
YoY%
Funds in Local Currency 32, , , % 9.6%
Funds in Foreign Currency 10, , ,250 (15.6)% 5.1%
Total Funds 43, , ,890 (2.8)% 8.5%
Assets Under Management 20, , , % (0.3)%
Total Funds+Assets Under Mgt. 63, , ,357 (1.1)% 5.5%
Foreign currency
% do total
% do total
Foreign currency in US$ = 6.0%
Total funding (third line) was up 44.6% for the year in spite of a relatively modest growth of 13.1% in dollar funding, as demand for US dollar loans initially drop to subsequently increase.

15. Deposits Demand Deposits 2,403 2,295 2,392 4.7% 0.5%
In R$ million
Dec/01
Sep/01
Dec/00
QoQ%
YoY%
Demand Deposits 2,403 2,295 2, % 0.5%
Savings Deposits 4,734 4,208 3, % 27.7%
Interbank Deposits (28.8)% (20.6)%
Time Deposits 11,637 9,741 7, % 65.0%
Total Deposits 18, , , % 41.8%
Core Deposits (Demand Deposits + Savings) - R$MM
7,137
6,453
6,164
The industry growth was 8.1% over the last twelve months
6,098
17%
4,373
39%
63%
Sep/00
Dec/00
Mar/01
Jun/01
Dec/01

16. Main Assets & Liabilities in Foreign and Local Currency
In R$ million
Dec/01
Sep/01
Securities Portfolio - local currency 8,280 7,420
Securities Portfolio - foreign currency 7,075 7,492
Total Securities Portfolio 15,355 14,894
Loan Portfolio (net) - local currency 17,351 16,007
Loan Portfolio (net) - foreign currency 6,469 7,265
Net Loan 23,820 23,272
Deposits - local currency 17,272 14,911
Deposits - foreign currency 1,660 1,555
Total Deposits 18,932 16,466
Notes and debentures - local currency
Notes and debentures - foreign currency 2,819 3,441
Total Notes and debentures 3,297 3,898
Borrowings and onlendings - local currency 4,331 3,979
Borrowings and onlendings - foreign currency 5,420 6,667
Total Borrowings and onlendings 9,751 10,646

17. BIS Ratio BIS Ratio (opening ratio) 16.5% 13.3%
2000/
2001
3Q01/
4Q01
BIS Ratio (opening ratio) 16.5% 13.3%
- Risk average assets growth (3.0)% 0.2%
- Changes in the swap credit risk (0.1)% 0.0%
- Changes in market risk
Foreign exchange position (0.7)% 0.4%
Interest rate (0.1)% (0.1)%
- Adjusted equity growth 1.3% (0.1)%
(mainly net income)
- Other effects (0.2)% 0.0%
BIS Ratio on December 31, % 13.7%

18. (before loan loss provisions)
Consolidated Results
In R$ million
2S01
2,932
(835)
1,148
(2,081)
541
19.1%
1S01
2,454
(815)
1,037
(1,882)
431
15.8% %
Profits from financial intermediation
19%
(before loan loss provisions) 2%
Loan Loss Provisions
Fee Income
11%
Personnel & Adm. Expenses
11%
Net Income
26%
ROAE -

19. Net Financial Margin
12.6%
12.0%
10.7%
9.9%
1998
1999
2000
2001

20. Fee Income Tariffs & Commissions 283 273 228 1,073 802
In R$ million
4Q01
3Q01
4Q00
2001
2000
Tariffs & Commissions ,
Credit Cards
Asset Management
Total ,185 1,640

21. Personnel and Administrative Expenses
In R$ million
4Q01
3Q01
4Q00
2001
2000
Multiple Bank UBB+Band ,461 2,020
Multiple Bank ContAtiva
Sub-Total UBB + Bandeirantes ,561 2,022
Fininvest (50% up to Nov/00)
Other Subsidiaries & Affiliates ,
TOTAL 1,010 1, ,963 3,002
Unibanco Consolidated, Bandeirantes and Fininvest pro-forma
Multiple Bank UBB+Band ,561 2,637
Fininvest (100%)
Other Subsidiaries & Affiliates ,
TOTAL 1,010 1,071 1,114 3,963 3,781

22. Multiple Bank UBB + BAND
Pro-forma Administrative Expenses
In R$ million
Multiple Bank UBB + BAND
Consolidated
3,963
4.8%
3,781
164
615
(2.9)%
2,637
2,561
615
32.0%
26.6%
3,002
2,022
Pro-forma
2000
2001
Pro-forma
2000
2001
Reported
Bandeirantes non-consolidated
50% Fininvest non-consolidated

23. Personnel & Adm. Expenses Main Changes
4Q01 vs. 3Q01
In R$ million
ContAtiva
-37
-5.4%
3Q01
655 29
684
Multiple Bank +
Bandeirantes
615 32
647
4Q01 95
3Q01
Fininvest %
115
4Q01
292
3Q01
Other Companies %
248
4Q01
1,071
-61
-5.7%
Total
Consolidated
3Q01
1,010
4Q01

24. Fee Income / Personnel & Adm. Expenses
52.3%
58.2%
52.7%
1,071
1,010
893
R$ million
470
560
588
4Q00
3Q01
4Q01
Personnel and Administrative Expenses
Fee Income
Fee Income / Personnel and Administrative Expenses

25. Efficiency Ratio 64.7% 60.0% 58.4% 58.0% 29,704 28,384 4Q00 2000 4Q01
2001
Efficiency Ratio*
Number of Employees
(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)

26. x Strategy Product Client Base per Client Organic Growth (ContAtiva)
Acquisitions
- Bandeirantes
- Fininvest
- Ponto Frio
- Magazine Luiza
Cross Selling
- DBM
- CRM

27. 35 Corporate-site branches 54 Corporate-site branches
Organic Growth Plan - ContAtiva
Goals for Dec, 2001
16 new branches
35 Corporate-site branches
30 In-Store Branches
Attrition : 18 % p.y.
Average Activation : 90%
765,000 new accounts
Actual in Dec, 2001
19 new branches
54 Corporate-site branches
58 In-Store Branches
Attrition : 15 % p.y.
Average Activation : 95%
997,269 new accounts

28. Banco Bandeirantes’ Integration
Branch integration fully completed by October 2001
Estimated reduction of 35% of Banco Bandeirantes’
annual costs, was exceeded reaching 42% at the end of 2001
- Cola de demissão de pessoal, fechamento de agências
- BBI (nota 22)

29. Scale Gain 13.1 7.7 3.7 3.5 1.1 Client Base - (in millions) 2.9 3.9
3.0
0,2
0.7
3.7
3.5
5.2
4.0
4,9 98 99 00 01
Note: Includes savings and retirees. In Dec/01 Bandeirantes fully migrated.

30. Banking Population: Income Distribution
9 million individuals
Income > R$ 1,000/month
Focus on
Household Brands
Income < R$ 1,000/month
21 million individuals

31. Segmentation Payroll Wholesale Retail Private CORPORATE INDIVIDUALS
Large Companies
(Annual Sales > R$100 MM)
Private Banking
(Financial Investment > R$1,000,000)
Upper Middle Market
Uni Class
(R$25 MM < Annual Sales < R$100 MM)
(Monthly Income > R$4,000 )
Banco 1 (Virtual Bank)
(Montly Income > R$ 800 )
Lower Middle Market
(R$5 MM < Annual Sales < R$25 MM)
Exclusive Client
(R$1,300 < Monthly Income < R$4,000 )
Special Client
Small Business
Payroll
(R$350 < Monthly Income < R$1,300)
(Annual Sales < R$5 MM)
CORPORATE
INDIVIDUALS
Wholesale
Retail
Private

32. Average Product per Client
Database Marketing - Number of Products per Client
Segment
Average Product per Client
Jun/00 Jun/01 Dec/01
Uni Class
Exclusive
Special
Total
< 1 year = 4.7
> 1 year = 5.3
Scale = Volume x Transactions

33. Together, Private Banking and UAM will form Wealth Management segment
Wholesale Banking Rankings and Market Shares
Market Segment Dec/00 Dec/01 Ranking
Underwriting RF % 19% st
BNDES onlending 9% 11% st
BNDES Exim % 14% st
Compror/Vendor % 19% rd
Market Share
Together, Private Banking and UAM will form
Wealth Management segment

34. Net Premiums Written - R$ million
Insurance Indicators
Net Premiums Written - R$ million
Combined Ratio - %
23,899 (E)
103.0
2001
1,413
99.6
22,980
106.2
2000
1,148
101.1
Claims - %
63.4
66.2
63.0
60.9
62.3
60.6
63.9
55.6
64.4
68.2
67.3
68.7
65.5
66.9
67.5
68.1
1Q00
2Q00
3Q00
4Q00
1Q01
2Q01
3Q01
4Q01
UASEG
MARKET

35. Insurance Indicators Ranking Product 2001 1st Fire 1st Ocean Marine
1st Petrochemical
1st Aircraft
1st D & O
1st Extended Warranty
2nd Home Owners

36. Acknowledgement
First Brazilian company to obtain a corporate governance rating: graded 8.4 ranking on a 1 to 10 scale by SR Rating
One of the 4 Brazilian companies selected to join the Dow Jones Sustainability Index (DJSI)
Latin America Top 5 IR Site Award, sponsored by Latin Finance Magazine and MZ Consult.

37. For further information contact our (select Investor Relations option)
Investor Relations Area at phone: / 1313 fax:
site:
(select Investor Relations option)