Investor Presentaiton

Credit Portfolio Breakdown - Commercial Lending Commercial Lending Portfolio Growth In R$ billion 189.7 198.9 -6.6% 195.5 191.0 2014 2015 2016 Market Share (%) 10.2% 9.9% Breakdown by Type (%) 182.7 55% 45% ■ Corporate ■Individuals 1H16 1H17 Delinquency Rate (%) Breakdown by Duration (%) As of June, 2017 7.2% 6.2% 5.5% 5.4% 6.6% 6.0% 10.7% 5.1% 14% 10.6% 10.6% 4.6% 6.0% 5.7% 3.7% 4.5% 8% 2014 2015 2016 1H16 1H17 2014 2015 2016 1H17 Corporate Average Individuals Source: Caixa Econômica Federal 2% 8% 14% ■ Up to 6 months 6-12 months 9% 12-18 months ■18-24 months 24-30 months 30-36 months 44% ■ Over 36 months 15

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