HSBC J.P. Morgan Standard Chartered Bank - bicbanco

SUMMARY FINANCIAL INFORMATION
The following tables set out the summary consolidated balance sheet and consolidated income statement
data relating to the Bank. This information is derived from the audited consolidated financial statements as of and
for the years ended December 31, 2009, 2008 and 2007. Such financial statements appear elsewhere in this offering
memorandum. The summary consolidated financial data presented below are not necessarily indicative of the
results of future operations and should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” “Selected Financial Data and Other Information” and the Bank’s
consolidated financial statements, reports and the notes thereto. The consolidated financial statements of the Bank
for the years ended December 31, 2009, 2008 and 2007 have been prepared in accordance with Brazilian GAAP.
Accordingly, the financial information of BIC Cartões, BIC Leasing, BIC Distribuidora and BIC Informática are
consolidated in the financial statements included elsewhere in this offering memorandum. In the preparation of the
consolidated financial statements, direct and indirect interest, the balances of accounts and income and expenses
resulting from transactions between controlled companies are eliminated.
Certain amounts included in this offering memorandum have been rounded. The totals presented in certain
tables may not represent an arithmetical aggregation of the amounts that precede them.
Consolidated Balance Sheets As of December 31,
Variation
Variation
2009 2009 % total (2) 2008 % total (2) 2008 2007 % total (2) 2007
2009x
2008x
(in US$
million) (1)
(in R$ million except for percentages)
% %
Cash and cash equivalents ................. 140.9 245.3 2.2 200.2 1.7 22.5 139.9 1.3 43.1
Interbank funds applied ..................... 543.7 946.7 8.3 1,639.6 13.7 (42.3) 128.9 1.2 1,172.0
Securities and derivative
financial instruments .................... 256.9 447.4 3.9 446.3 3.7 0.2 2,125.9 19.3 (79.0)
Interbank accounts............................. 55.0 95.8 0.8 118.4 1.0 (19.1) 354.1 3.2 (66.6)
Loans ................................................. 3,192.3 5,558.5 48.8 5,612.4 46.7 (1.0) 5,053.6 46.0 11.1
Lease operations ................................ 63.7 111.0 1.0 54.8 0.5 102.6 6.7 0.1 717.9
Other receivables ............................... 608.7 1,059.9 9.3 1,562.5 13.0 (32.2) 1,153.2 10.5 35.5
Other assets........................................ 12.4 21.6 0.2 29.2 0.2 (26.0) 40.1 0.4 (27.2)
Current assets .................................. 4,873.8 8,486.3 74.4 9,663.3 80.5 (12.2) 9,002.4 81.9 7.3
Interbank funds applied ..................... 64.8 112.9 1.0 42.3 0.4 166.9 127.9 1.2 (66.9)
Securities and derivative
financial instruments .................... 5.2 9.0 0.1 219.2 1.8 (95.9) 4.9 0.0 4,373.5
Loans ................................................. 1,165.5 2,029.4 17.8 1,440.8 12.0 40.9 1,509.2 13.7 (4.5)
Lease operations ................................ 64.7 112.7 1.0 58.7 0.5 92.0 12.3 0.1 377.2
Other receivables ............................... 298.2 519.3 4.6 449.5 3.7 15.5 212.8 1.9 111.2
Other assets........................................ 28.8 50.1 0.4 40.6 0.3 23.4 59.3 0.5 (31.5)
Non-current assets ........................... 1,627.2 2,833.3 24.9 2,251.1 18.7 25.9 1,926.4 17.5 16.9
Investments ........................................ 0.3 0.6 0.0 0.6 0.0 0.0 0.5 0.0 20.0
Fixed assets........................................ 27.3 47.6 0.4 46.1 0.4 3.3 32.9 0.3 40.1
Intangible ........................................... 1.3 2.3 0.0 1.0 0.0 130.0 0.0 0.0 100.0
Deferred charges ............................... 16.9 29.5 0.3 45.3 0.4 (34.9) 30.0 0.3 51.0
Permanent assets ............................. 45.9 80.0 0.7 93.0 0.8 (14.0) 63.4 0.6 46.7
Total assets ....................................... 6,547.0 11,399.7 100.0 12,007.3 100.0 (5.1) 10,992.1 100.0 9.2
Liabilities
Deposits ............................................. 2,686.3 4,677.4 41.0 3,347.4 27.9 39.7 3,283.1 29.9 2.0
Money market repurchase
commitments ................................ 4.8 8.4 0.1 19.7 0.2 (57.4) 1,354.1 12.3 (98.5)
Debt securities ................................... 273.0 475.3 4.2 479.9 4.0 (1.0) 135.0 1.2 255.5
Interbank accounts............................. 0.1 0.1 0.0 0.1 0.2 0.0 0.1 0.0 0.0
Interbranch accounts ......................... 17.5 30.5 0.3 26.7 0.2 14.2 61.4 0.6 (56.5)
Borrowings ........................................ 702.6 1,223.3 10.7 1,937.5 16.1 (36.9) 1,487.9 13.5 30.2
On-lendings ....................................... 17.2 30.0 0.3 8.7 0.1 244.8 37.3 0.3 (76.7)
Foreign currency onlendings
........................................ 84.0 146.2 1.3 58.3 0.5 150.8 4.0 0.0 1,357.5
Derivative financial
instruments ................................... 39.5 68.7 0.6 27.5 0.2 149.8 79.0 0.7 (65.2)
Other liabilities .................................. 299.2 521.0 4.6 1,057.2 8.8 (50.7) 634.2 5.8 66.7
Current liabilities ............................ 4,124.1 7,180.9 63.0 6,963.0 58.0 3.1 7,076.1 64.4 (1.6)
Deposits ............................................. 651.3 1,134.0 9.9 1,096.7 9.1 3.4 1,129.2 10.3 (2.9)
Debt securities ................................... 76.4 133.1 1.2 642.6 5.4 (79.3) 364.2 3.3 76.4
AMR-248898-v2
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95-40469277