Sociedade Lusa de Negócios Group structure: Ownership Structure: The BPN Group is 100%-owned by SLN Sociedade Lusa de Negócios -SGPS, S.A., the Group s holding company. SLN is owned, directly and/or indirectly, by approximately 500 shareholders, with no single shareholder owning more than 6.5% of the capital. The majority of SLN s shareholders are medium-size companies and individuals residing in Portugal. Sociedade Lusa de Negócios -SLN was created in 1999 to be the holding structure of the whole group and to allow a clear and complete separation between financial and non-financial activities.
Sociedade Lusa de Negócios SLN is one of the largest conglomerates in Portugal, the financial sector being the most relevant.
BANCO PORTUGUÊS DE NEGÓCIOS BPN 1993 1998 2002 2004 2006 Merger of Soserfin and Norcrédito New Shareholders Structure Acquisition of Banco Efisa (Investment Bank) 193 Branches 205 Branches Private and Investment Bank Financial and advisory services to corporates Change of Strategy Beginning of the existing retail network Universal Bank Expansion of the retail network Coverage of the main business regions in Portugal Change in the strategy focus Increase the client base and crossselling
BANCO PORTUGUÊS DE NEGÓCIOS BPN Network North 116 branches 2005 2006 Branches 203 205 Employees 1.777 2.193 BPN is present in all the main business centres in Portugal Center/South 89 branches International Presence BPN Brasil BPN France (5 branches) BPN Cayman (Off-shore) BPN IFI Cape Verde (Offshore)
BANCO PORTUGUÊS DE NEGÓCIOS Created in 1993 Currently - 205 branches in Portugal and 5 in France Activities Areas: Investment Funds Savings Account Personal Credit Corporate Credit Financial Advisory Credit Cards thousand dec/2005 dec/2006 Net Result 42.899 65.096 Net Assets 5.361.832 7.226.077 ROAE 15,06% 19,02%
BANCO PORTUGUÊS DE NEGÓCIOS Baa1 Moody's ratings reflect the bank's niche franchise in SME banking in Portugal, as well as its good funding profile and stable profitability ( ) still strong net interest margin as well as its good potential in diversification and from its credit card processing plans. The BPN group has a nation wide coverage and focuses primarily on the SME market in Portugal where it has seen strong growth in recent years and it considers this and its good levels of service as advantages against its larger competitors.
BANCO PORTUGUÊS DE NEGÓCIOS
Banco Efisa was established in December 1994, having been acquired by BPN in 2002. The Bank has distinguished itself in the specialised areas of financial consultancy directed at Corporate and Project Finance for large-scale infrastructure developments, namely as advisor to the State, and in the raising of finance for international trade in niche segments. Banco Efisa maintains a strong presence in several areas, namely: Corporate Banking, Corporate Finance and Private Equity
Ownership Structure Holding Company Financial Holding BPN S.A. BPN Part. Finan. SGPS 20% 80% BPN Part. Brazil BPN Brasil Banco Multiplo S.A.
Banco Africano de Investimentos - BAI Banco Africano de Investimentos First private Angolan bank, founded in November 1996. Shareholders include: Financial Highlights: thousand USD dec/2005 dec/2006 Net Result 27.052 44.082 Net Assets 1.283.789 2.309.876 ROE 45% 38% In Oct / 2004, NOSSA Nova Sociedade de Seguros de Angola was created through a partnership between BAI, BPN Group and IFC (International Finance Corporation). Late in 2004, BAI entered into a joint venture together with Sonangol (Public Petroleum Company) and the Norwegian Government s private equity group Norfund to establish the Angola Capital Partners. Angolan Economy: 17.6% GDP growth in 2006. Open to international trade exports represent 73%.
Acquisition date: 12/2002 Multiple Bank focused in: Corporate Banking: Local Currency Loans, Banking Guarantees, Performance Bonds, Trade Finance (Pre Export, Import Financing, Pre-Payment, LCs, SBLCs), BNDES Financing. Investment Banking: Mergers & Acquisitions, Financial Advisory & Arrangement, Structured Finance, Capital Markets. Treasury: CDs, Governments and Private Securities, Foreign Exchange, Derivatives, Interbank Transactions.
Business Network 115 agências no Norte BPN Brasil is present in the main Brazilian States through correspondent bankers. 88 agências no Centro/Sul
Banco Africano de Investimentos - BAI Comfort Letter
Banco Africano de Investimentos - BAI Balance Sheet Balance Sheets at September 2007 and 2006 (In thousands of Reais) ASSETS 2007 2006 LIABILITIES 2007 2006 Current Assets and long term receivables 297.980 174.109 Current and long-term liabilities 248.293 130.938 Funds Available 1.476 1.098 Deposits 55.018 28.088 Interbank Investments 59.538 13.525 Interbank deposits 1.061 6 Marketable Securities and derivative financial instruments 3.228 3.149 Foreign borrowings 123.612 81.968 Interbank Accounts 292 590 Local onlending (BNDES/FINAME) 20.027 7.329 Loans Operations 148.186 96.791 Derivative financial instruments 2.825 777 Foreign Exchange Portfolio 75.455 45.257 Foreign exchange portfolio 33.994 4.358 Other Loans 7.183 11.011 Other liabilities 11.756 8.412 Other Assets 2.622 2.688 Defered Income 487 1.869 Stockholders' equity 51.205 43.668 Permanent Assets 2.005 2.366 Capital 50.000 50.000 Revenue reserves 498 78 Total Assets Retained earnings (accumulated deficit) 707 (6.410) 299.985 176.475 Total liabilities and stockholders' equity 299.985 176.475 Statements of Operations at September 2007 and 2006 (In thousands of Reais) 2007 2006 Income from financial operations 43.472 25.272 Expenses on financial operations (26.623) (21.726) Gross profit on financial intermediation 16.849 3.546 Income from services rendered 5.430 1.145 Other operating expenses (16.991) (15.161) Operating result 5.288 (10.470) Non-operating result - 313 Result before taxation and profit sharing 5.288 (10.157) Income tax and social contribution (1.858) 2.960 Net profit (loss) 3.430 (7.197)
Functional Organization Chart Executive Committee President Carlos H. A. R. Catraio Luiz Stouthandel Roberto Perez Jr. Hirosi Tanahara Rodrigo Del Barrio Joaquim Prado Rubens Prado Operations Investment Banking Trade Finance Treasury Commercial Banking Credit and Risk Financial Control Back Office (LCY and FCY) Accounting Legal Compliance Human Resources Outsource Structured Finance Financial Advisory & Arrangement M&A Capital Markets Export / Import Finance ECA / PROEX Foreign Exchange (Legislation / Norms) BNDES CDs Governments and Private Securities Financial Institutions Foreign Exchange Derivatives Interbank Transactions Loans Trade Services Banking Guarantees BNDES Financing Performance Bonds Collaterals Correspondents Credit Risk Market Risk Operational Risk Loan Portfolio Recovery Mgmt
Relevant Transactions
Contacts: Investment Banking Roberto Perez Jr. roberto.perez@bpnbrasil.com.br (55 11) 3094-9005 Trade Finance Hirosi Tanahara hirosi.tanahara@bpnbrasil.com.br (55 11) 3094-9045 Treasury Rodrigo Del Barrio rodrigo.delbarrio@bpnbrasil.com.br (55 11) 3094-9012 Commercial Banking Joaquim Prado joaquim.prado@bpnbrasil.com.br (55 11) 3094-9008 Website www.bpnbrasil.com.br E-mail contato@bpnbrasil.com.br