HSBC J.P. Morgan Standard Chartered Bank - bicbanco

CAPITALIZATION
The table below presents the Bank’s capitalization as of December 31, 2009. The information described
below is derived from the Bank’s consolidated financial statements for the year ended December 31, 2009. In
calculating its capitalization, the Bank includes derivative financial instruments and deferred income as part of
“Non-current liabilities.” This may differ from other companies.
You should read the table below in conjunction with the information included in “Selected Financial Data
and Other Information,” “Selected Statistical Information” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and the Bank’s consolidated financial statements, and related notes
thereto, included elsewhere in this offering memorandum.
As of December 31, 2009
Actual Adjusted (1)
(In US$ million (2) ) (In R$ million) (In US$ million (2) ) (In R$ million)
Current liabilities
Deposits ....................................................................... 2,686.3 4,677.4 2,686.3 4,677.4
Money market repurchase commitments .................... 4.9 8.4 4.9 8.4
Debt securities ............................................................. 273.0 475.3 273.0 475.3
Interbank accounts....................................................... 0.1 0.1 0.1 0.1
Interbranch accounts ................................................... 17.5 30.5 17.5 30.5
Borrowings .................................................................. 702.6 1,223.3 702.6 1,223.3
On-lendings ................................................................. 17.2 30.0 17.2 30.0
Foreign currency on-lendings ..................................... 84.0 146.2 84.0 146.2
Derivative financial instruments ................................. 39.5 68.7 39.5 68.7
Other liabilities ............................................................ 299.2 521.0 299.2 521.0
Total ............................................................................ 4,124.1 7,180.9 4,124.1 7,180.9
Non-current liabilities
Deposits ....................................................................... 651.3 1,134.0 651.3 1,134.0
Debt securities ............................................................. 76.4 133.1 369.6 643.5
Borrowings .................................................................. 141.9 247.1 141.9 247.1
On-lendings ................................................................. 1.5 2.6 1.5 2.6
Foreign currency on-lendings ..................................... 117.3 204.3 117.3 204.3
Derivative financial instruments ................................. 63.0 109.8 63.0 109.8
Other liabilities ............................................................ 351.8 612.5 351.8 612.5
Total ............................................................................ 1,403.2 2,443.3 1,696.4 2,953.8
Deferred income ........................................................ 5.2 9.0 5.2 9.0
Shareholders’ equity ................................................. 1,014.5 1,766.4 1,014.5 1,766.4
Total capitalization .................................................... 6,547.0 11,399.7 6,840.2 11,910.2
______________________
(1) As adjusted by the issuance of the notes and assuming net proceeds of U.S.$293.2 million.
(2) Translated for convenience only at the exchange rate in effect as of December 31, 2009 of R$1.7412 per U.S.$1.00 as reported by the
Central Bank.
AMR-248898-v3
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