Funding Structure

• Operational and credit assignment agreements with large Brazilian banks provide a stable source of funding and eliminate mismatches.
  
  
• Diversified investor base for time deposits with institutional investors accounting for 74.8% of total TDs, as of Dec/11.
  
  
• Local ABS capital markets (FIDC´s) as an alternative and alternative revolving funding source.
• Bonsucesso monitors its balance sheet maturity mismatch and actively manages it according to established limits.
• Liquidity Committee: weekly review.