EarningsRelease

BB em números

This presentation may include references and statements, plannedsynergies, estimates, projections of results, and future strategy for Bancodo Brasil, its Associated and Affiliated Companies, and Subsidiaries.Although these references and statements reflect the management’sbelief, they also involve estimates and unforeseen risks. Consequently,results may differ from those anticipated and discussed here. Theseexpectations are highly dependent on market conditions, on Brazil’seconomic and banking system performances, as well as on internationalmarket conditions. Banco do Brasil is not responsible for updating anyestimate in this presentation.

3

04

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

20

Earnings Highlights

BB Results

Net Interest Income

Loan Portfolio

Loans to Individuals

Loans to Companies

Agribusiness Loans

ALL Expenses

Credit Quality by Portfolio

Net Interest Margin and

Spread by Portfolio

BIS Ratio

Guidance 2019

Net Interest Margin

AppendixFee Income

Administrative Expenses and

Cost-to-IncomeCredit Quality

Earnings Highlights (1H19 vs 1H18)

4

8.7 Bn

Adjusted net

Income

+38.5%

14.2 Bn

Fee Income

+6.7%

36.2%

Cost to

Income Ratio¹

170bps

Improvement

15.2 Bn

+0.3%

Administrative

Expenses

17.4%

Market ROE²

+ 455 bps

(1) Administrative Expenses / Operating Revenues accumulated in 12 months. Data refers to the income statement with reallocations.

(2) It reflects the metric that the main market analysts use to project results. The index is annualized using the linear method.

$

14.5 17.5

BB Results

ROE¹ (%)

(1) It reflects the metric that the main market analysts use to project results. The index is annualized using the linear method.5

Adjusted Net Income

R$ billion

Guidance (R$ bn)

2Q18 1Q19 2Q19

3.2

4.2 4.4

+36.8% +4.4%

13.2

2Q18 1Q19

16.8

2Q19

17.6

1H18

8.7

1H19

6.3

+38.5%

Net Interest Income

6

Funding Expenses stability

Good performance from

Treasury

+12.7% q/q

R$ billion 3.6

18.5 18.7

3.2

18.4

2.8

-6.0 -6.4

-2.8

2Q18

-2.4

1Q19

-2.6

-6.6

2Q19

12.7 12.7 13.1

+3.2% +2.5%

Loan Operations

Treasury ¹

Funding Expenses

Financial Expense for Institutional Funding ²

Net Interest Income

Loan Operations

revenues growth

+1.5% q/q

5.3 6.7

37.0 37.0

1H18

-12.0

-5.6

-13.0

-5.0

1H19

24.7 25.8

+4.5%

(1) It includes the result from interest, tax hedging, derivatives, and other financial instruments that offset the effects of the exchange rate variation in the result. (2) It includes senior bonds, subordinated

debt, and Hybrid Instruments in Brazil and abroad.

3.0 7.0

Guidance (%)

+25 bps on

loan operations

spread

Companies

spread

increased to

5.21% driven by

working capital

line.

Net Interest Margin¹ and by portfolio(%)

(1) Net interest income / average balance of earnings assets, annualized. It does not include recovery of write-offs

(2) It does not include government operations.7

7.74

2Q18 3Q18 4Q18 1Q19 2Q19

4.70

7.41

4.37

7.62

4.93 4.87

4.69

7.60

4.75

4.60 4.68

7.99

5.21

4.62

Loan Operations

Companies²

Agribusiness

16.09 16.13

16.54

16.31 16.35

Individuals

3Q18

4.00

2Q18 4Q18 1Q19 2Q19

2.822.86 2.96

3.94 3.98

2.92 2.99

3.97 3.89

Net Interest Margin (NIM)

Risk Adjusted NIM

Fee Income (1H19 vs 1H18)

8

Other

Checking Accounts

+5.4%

Insurance, Pension and

Premium Bonds

+20.5%

Consortium

+36.4%

Credit/Debit Cards

+12.2%

5.0 8.0

Asset

Management

+5.3%

Guidance (%)

R$ 14.2 Bn+6.7%

Capital Market

+11.2%

1H18 1H19 | R$ Mi

Consortium

4311H18

5871H19

36.4%

Credit/Debit Cards

9441H18

1,0591H19

Checking Accounts

3,5731H18

5.4%

Asset Management

2,9801H18

3,1371H19 5.3%

Highlights

Insurance, Pension and Premium Bonds

1,4681H18

1,7701H19 20.5%

12.2%

Capital Market

4151H18

3,7671H19

4621H19

11.2%

Administrative Expenses and Cost-to-Income Ratio

(1) Administrative Expenses / Operating Revenues, 12 months accumulated. Data refers to the income statement with reallocations.

(2) Fee Income / Administrative Expenses, 12 months accumulated. Data refers to the income statement with reallocations. 9

2.0 5.0

R$ billion

Guidance (%)

1Q192Q18

37.5

3Q18 2Q194Q18

37.9 37.7

36.9

36.2

99,603

Jun/17

96,168

Jun/18

97,675

Jun/19

456607 619

Jun/18Jun/17 Jun/19

4,429 4,152 4,092

Employees

Traditional Branches

Digital and Specialized Branches

1H18 1H19

15.2215.16

5.38

9.79

5.43

9.79

+0.3%

87.9

2Q18 3Q18 4Q18

87.0

1Q19 2Q19

89.5 89.9

92.2

Cost to Income Ratio (12 months)¹

Coverage Ratio (12 months)²

Number of Employees

Number of Branches

10

Loan Portfolio¹

-2.0 1.0

Guidance (% )

R$ billion

Increase of retail operations participation – Individuals

and SME – in the loan portfolio to 38.6% in 2Q19

(from 36.1% in 2Q18)(1) It includes private securities and guarantees provided.

(2) Variation in the government and abroad portfolios and guarantees.

-17.0

Jun/18

14.4

-7.8

Individuals Jun/19Agroindustrial

689.6

Wholesale Rural LoansSME

686.64.3

1.9

Other²

1.1

200.3

188.6

43.7

189.8

267.6

Jun/18

39.8

187.4

257.7

Mar/19

39.5689.6

184.8

204.6

257.7

Jun/19

685.3 686.6

-0.4% +0.2%

Abroad

Agribusiness Companies

Individuals

(1) It considers the organic Loan Portfolio.11

Individuals Loan Portfolio8.0 11.0

Payroll Loan:

+8.9% Jun/19 vs Jun/18

R$ billion

Guidance (%)

69.0

19.2

Jun/18

4.4

46.9

72.6

19.4

27.3

4.2

48.8

12.2

Mar/19

11.6 19.9

9.7

27.6

4.2

49.3

12.5

Jun/19

4.98.5

25.1

181.0193.0 198.4

75.1

+9.6% +2.8%

Auto LoanPayroll Loan

Salary Loan

Credit Card

Consumer Finance Mortgage

Other

Consumer Finance:

+97.0% Jun/19 vs Jun/18

Disbursement through

Mobile +168.9% 2Q19/2Q18

(1) Expanded view. It includes private securities and guarantees provided.

(2) Companies with gross revenue up to R$ 200 million. 12

Companies Loan Portfolio¹-13.00 -10.0

R$ billion

Guidance (%)

58.8

163.5 154.4

Jun/18

257.7

58.9 60.7

Mar/19

45.2

154.0

42.9

Jun/19

267.6257.7

44.4

-3.7% 0.0%

SME² Corporates Government

18.7

3.4

18.9

14.2

4.32.7

Jun/18

25.6

12.8

4.6

14.2

Jun/19

58.8 60.7

+3.2%

Working Capital Demais

Investment ACC/ACE

Receivables

+37.1%

SME

(1) It includes Rural Product Bills and guarantees provided. 13

Agribusiness Loans¹3.0 6.0

Market Share of 66.7% in

Rural Loans

R$ billion

Guidance (%)

170.4

Mar/19

184.8

22.3 18.4

Jun/18

166.3 169.0

14.4

Jun/19

188.6 187.4

-2.0% -1.4%

Agroindustrial Rural

Rural Product Bills grew

465% in 12 months

Harvest Plan 2019/2020:

Disbursement of R$ 103 billion

+20% higher compared to

disbursement made on the

harvest plan 2018/2019

+2.4%Jun19 / Jun18

ALL Expenses – Total Loan Portfolio

(1) Allowance for Loan and Lease Losses Expenses Net of Recovery of Write-offs.

(2) ALL expenses accumulated in 12 months / 12 months Average Loan Portfolio. 14

Cost of Risk² (%)ALL Expenses¹

-14.5 -11.5

Guidance (R$ Bn)

R$ billion

2Q18

-5.1

1Q19 2Q19

-3.6 -3.1 -3.6

-5.1

1.6

-4.9

1.7 1.5

-0.6%

Recovery of Write-offsALL Expenses - Credit Risk

3Q182Q18 4Q18 1Q19 2Q19

3.54

3.33

3.203.10 3.09-10.6 -9.9

1H18

2.8

1H19

3.2

-6.7-7.8

-14.6%

ALL / Loan Portfolio

15

Credit Quality – Total Portfolio

NPL +90 days (%) Coverage Ratio (%)

Sep/18 Jun/19Jun/18 Dec/18 Mar/19

3.253.32

3.00

2.81

2.903.00

2.53

2.90

2.58

3.00

2.61

BB BB ex-specific caseBanking Industry

Jun/18

220.69

Sep/18 Dec/18 Mar/19 Jun/19

210.00

192.68

166.17

213.33

211.61210.00

213.94

174.43

217.24

217.84

16

Credit Quality – by SegmentN

PL

+90 d

ays

(%)

Co

vera

ge

(%)

Sep/18 Mar/19Jun/18 Dec/18 Jun/19

3.333.27

3.08

3.25 3.31

184.93

113.60

228.04

194.48194.52 192.11

Sep/18 Mar/19Jun/18 Dec/18 Jun/19

3.02

5.10

3.683.15

3.84

3.23

Mar/19Jun/18 Dec/18Sep/18 Jun/19

1.61 1.62 1.531.68

1.54

3.08

240.41

151.44202.28

197.63

246.97228.82

246.97

175.75186.51181.14

194.37184.18

Individuals Companies Agribusiness

(1) Quarterly change in the balance of transactions over 90 days past due + current quarter write-offs / Classified Loan Portfolio of the previous quarter. 17

New NPL¹

0.980.80 0.79 0.74 0.91

BB Portfolio By Segment

0.52

3Q18

0.54

2Q18

0.27

2Q194Q18

0.69

1Q19

1.33

0.69

1Q192Q18 4Q18

0.30 0.45

3Q18

0.45 0.50

1.82

0.30

2Q19

0.53

0.97

0.37

(0.34)

0.68

1.57

Ind

ivid

ua

lsC

om

pa

nie

sA

gri

bu

sin

es

s

New NPL / Loan Portfolio (%) New NPL / Loan Portfolio - ex-specific cases

18.55 18.70 18.86 19.26 18.57

13.00 13.20 13.39 14.00 13.41

9.61 9.66 10.00 10.53 10.01

Jun/18 Sep/18 Dec/18 Mar/19 Jun/19

Tier II Tier I Common Equity Tier I

BIS Ratio Minimum CET1 of 11% in January/2022

(1) It considers the effects of the CMN Resolution 4,680/2018. 18

%

%

1

Credit Risk - RWA

10.53

-0.03

Other Common Equity Tier I - Jun/19

Common Equity Tier I - Mar/19

0.15

Mark to market

-1.07

10.010.05

Actuarial Assets Market Risk - RWA

0.44

Net Income

-0.06

Guidance 2019

Adjusted Net Income - R$ billion 14.5 to 17.5

NII - % 3 to 7

Loan Portfolio¹ (%) 3 to 6

Individuals (%) 7 to 10

Companies² (%) 0 to 3

Rural Loans (%) 3 to 6

Net ALLL Expenses - R$ billion -14.5 to -11.5

Fee Income(%) 5 to 8

Administrative Expenses (%) 2 to 5

8.7

4.5

1.1

9.7

-6.3

2.4

-6.7

6.7

0.3

1H19 Performance

19

Revised Guidance

Unchanged

Unchanged

-2 to 1

8 to 11

-13 to -10

Unchanged

Unchanged

Unchanged

Unchanged

2019 Guidance

(1) Organic Domestic Loan Portfolio with private securities and guarantees. Government operations not included.

(2) Government operations not included.

BB em números

21

22

23

24

25

26

27

28

29

30 Disbursements

Net Income Breakdown

Income Statement with

Reallocations Main Lines

One-Off Items

Net Interest Income

Commercial Funding

Loan Portfolio by Risk Level

Renegotiated Overdue Loan

Portfolio

Portfolio Delinquency

Vintages

Net Income Breakdown

(1) NII net of recovery of write-offs. 21

25.8

Administrative

Expenses

NII¹ Fee Income

(6.7)

ALL

(9.5)

14.2 (15.2)

Other Adjusted

Net Income

8.7

1H19

R$ billion

Income Statement with Reallocations - Main Lines

22

Chg. (%) on

2Q18 1Q19 1H18

Net Interest Income 12,658 12,739 13,062 3.2 2.5 24,697 25,801 4.5

Allowance for Loan Losses (3,583) (3,126) (3,561) -0.6 13.9 (7,827) (6,687) -14.6

ALLL Expenses - Credit Risk (5,134) (4,851) (5,055) -1.5 4.2 (10,583) (9,907) -6.4

Credit Recovery 1,551 1,725 1,494 -3.7 -13.4 2,756 3,219 16.8

Net Financial Margin 9,075 9,613 9,501 4.7 -1.2 16,870 19,114 13.3

Fee income 6,798 6,795 7,439 9.4 9.5 13,346 14,234 6.7

Contribution Margin 14,715 15,236 15,864 7.8 4.1 27,898 31,100 11.5

Administrative Expenses (7,732) (7,566) (7,649) -1.1 1.1 (15,164) (15,216) 0.3

Commercial Income 6,832 7,542 8,084 18.3 7.2 12,452 15,627 25.5

Other Operating Income (174) 205 67 - -67.4 (329) 272 -

Income Before Taxes 5,924 6,034 6,037 1.9 0.1 10,700 12,071 12.8

Income and Social Contribution Taxes (1,870) (852) (571) -69.5 -33.0 (2,874) (1,422) -50.5

Statutory Profit Sharing (406) (544) (604) 48.8 11.0 (794) (1,149) 44.6

Adjusted Net Income 3,240 4,247 4,432 36.8 4.4 6,266 8,679 38.5

One-Off Items (105) (242) (225) 114.0 -7.1 (383) (467) 22.1

Net Income 3,135 4,005 4,207 34.2 5.1 5,884 8,212 39.6

Chg. (%) on2Q18 1Q19 2Q19 1H18 1H19

R$ million

One-Off Items

23

Chg. (%) on

2Q18 1Q19 1H18

Adjusted Net Income 3,240 4,247 4,432 36.8 4.4 6,266 8,679 38.5

One-Off Items (105) (242) (225) 114.0 -7.1 (383) (467) 22.1

Economic Plans (503) (464) (547) 8.7 18.0 (1,042) (1,011) -3.0

Extraordinary Provision for Lawsuits 2 20 3 31.2 -84.7 5 23 -

Provision Legal Law suits – Adjustment of Parameters - - (1,579) - - - (1,579) -

Tax Credit - - 1,034 - - - 1,034 -

BB Seguridade - Premium and Brokerage Adjustments 75 - - - - 75 - -

Real Estate exchange with the Federal Government 162 - - - - 162 - -

One-Of f Items - BB Seguridade - - - - - - - -

Tax Eff. and Stat. Prof. on One-Off Items 159 201 864 - - 417 1,066 155.3

Net Income 3,135 4,005 4,207 34.2 5.1 5,884 8,212 39.6

Chg. (%) on2Q18 1Q19 2Q19 1H18 1H19

R$ million

Net Interest Income

(1) It includes senior bonds, subordinated debt, and Hybrid Instruments in Brazil and abroad. (2) It includes the result from interest, tax hedging, derivatives, and other financial instruments that offset the

effects of the exchange rate variation in the result.24

Chg. (%) on

2Q18 1Q19 1H18

Net Interest Income 12,658 12,739 13,062 3.2 2.5 24,697 25,801 4.5

Loan Operations 18,545 18,377 18,655 0.6 1.5 36,981 37,033 0.1

Funding Expenses (5,967) (6,379) (6,582) 10.3 3.2 (11,967) (12,961) 8.3

Financial Expense for Institutional Funding¹ (2,762) (2,412) (2,565) -7.1 6.4 (5,577) (4,977) -10.8

Treasury² 2,842 3,152 3,554 25.0 12.7 5,259 6,706 27.5

2Q18 1Q19 2Q19Chg. (%) on

1H191H18

R$ million

Commercial Funding

R$ billion

30.8

96.2100.6

610.736.8

Jun/18

20.471.4

18.0

Sep/18

17.433.7

Dec/18

16.333.8

Mar/19

98.8

67.412.432.4

Jun/19

596.6 599.7 614.6 616.7

210.9

167.1

66.8

210.6

172.8

209.7

174.9

67.8

226.2

101.1 97.8

66.4

231.2

174.5174.2

+0.4%

Demand Deposits Repo Agreement with Private Securities³Time Deposits¹ Agribusiness Let. Credit + Mortgage Bonds²Savings Deposits Interbank Deposits

85.086.3 86.0 84.988.9

Adjusted Net Loan Portfolio⁴ / Commercial Funding

%

(1) It includes Other Deposits. (2) It includes the balance of CRI (Certificates of Real Estate Receivables). (3) It includes part of the balances of the Private Securities shown on Notes to the Consolidated

Financial Statements. (4) It does not include the domestic onlending loans.

.

25

Loan Portfolio by Risk Level¹

(1) BB Classified Loan Portfolio. 26

R$ million

Minimum Supplementary Required Minimum Supplementary Required Minimum Supplementary Required

AA 328,642 0 0 0 51.5 313,618 0 0 0 49.9 305,770 0 0 0 48.8

A 69,289 346 42 389 10.9 70,282 351 48 399 11.2 71,219 356 43 399 11.4

B 132,268 1,323 484 1,807 20.7 138,768 1,388 480 1,868 22.1 141,931 1,419 490 1,909 22.7

C 53,899 1,617 1,045 2,662 8.5 55,093 1,653 1,169 2,821 8.8 56,875 1,706 1,239 2,945 9.1

D 11,882 1,188 106 1,295 1.9 10,252 1,025 163 1,188 1.6 10,196 1,020 171 1,191 1.6

E 12,695 3,808 328 4,136 2.0 12,947 3,884 7 3,891 2.1 8,078 2,424 7 2,430 1.3

F 4,764 2,382 58 2,440 0.7 4,608 2,304 46 2,349 0.7 9,198 4,599 33 4,632 1.5

G 5,967 4,177 3 4,180 0.9 3,637 2,546 5 2,551 0.6 3,390 2,373 2 2,375 0.5

H 18,273 18,273 0 18,273 2.9 19,680 19,680 0 19,680 3.1 19,665 19,665 0 19,665 3.1

Total 637,677 33,114 2,067 35,181 100.0 628,884 32,831 1,916 34,747 100.0 626,322 33,562 1,985 35,547 100.0

AA-C 584,097 3,286 1,572 4,858 91.6 577,761 3,392 1,696 5,088 91.9 575,795 3,482 1,772 5,254 91.9

D-H 53,580 29,828 496 30,323 8.4 51,123 29,439 220 29,659 8.1 50,527 30,080 213 30,293 8.1

Jun/18 Mar/19 Jun/19

Balance Share % Balance Share % BalanceProvision

Share %ProvisionProvision

(1) Principal and interest payments net of interest accrued in the period. (2) Quarterly change in the balance of over 90 days past due transactions + current quarter write-off. (3) It considers the

Classified Loan Portfolio of the previous quarter.

Renegotiated Overdue Loan Portfolio

1Q192Q18 3Q18 4Q18 2Q19

1.401.200.70

1.43 1.29

New NPL (R$ billion)²

5.09 6.09 6.273.08

5.67

New NPL

27

2Q18 1Q19 2Q19Credits Renegotiated When Past Due - Changes

Initial Balance 23,630 22,874 22,727Contracts 2,254 2,336 2,736

Amortization Net of Interest¹ (1,304) (843) (1,439)

Write-Off (1,665) (1,641) (1,355)

Past due Renegotiated Loan Portfolio (A) 22,914 22,727 22,669ALL Balance (B) 10,867 12,229 12,165NPL + 90 days (C) 4,490 3,650 3,584Indicators - %

ALL / Loan Portfolio (B/A) 47.4 53.8 53.7

NPL + 90 days / Loan Portfolio (C/A) 19.6 16.1 15.8

ALL Balance/NPL + 90 days (B/C) 242.0 335.0 339.5

Credits Renegotiated/Classified Loan Portfolio 3.6 3.6 3.6

Credits Renegotiated Contracts %

0 to 14 days Past due 716 26.16

15 to 90 days Past due 806 29.48

Over 90 days Past due 813 29.72

Written-Off Recovery 401 14.65

Total 2,736 100

2Q19

New NPL / Loan Portfolio (%)³

R$ million

Portfolio Delinquency by Lines

28

NPL Share % NPL Share % NPL Share %

Individuals 3.33 100.00 3.25 100.00 3.31 100.00

Payroll Loan 2.0 36.5 1.8 36.4 1.8 36.9

Mortgage 2.9 24.7 3.1 24.4 3.2 24.2

Credit Card 2.6 13.2 2.8 13.6 3.2 13.5

Salary Loan 5.2 10.1 4.0 9.7 4.2 9.8

Auto Loans 1.0 6.8 0.9 5.5 1.2 4.8

Companies 5.10 100.00 3.02 100.00 3.84 100.00

Working Capital 3.9 50.1 1.2 48.9 1.6 49.5

Investments 1.9 23.9 0.8 24.1 2.5 23.8

FEC/ACE 0.1 7.7 0.9 8.2 0.0 8.6

Receivables 1.6 5.0 1.0 6.2 1.0 6.0

Agribusiness 1.61 100.00 1.68 100.00 3.08 100.00

Pronaf 3.1 23.1 3.3 23.9 3.2 24.1

Working Capital for Input Purchase 0.9 20.4 1.1 20.4 0.9 21.0

Pronamp 2.7 12.8 2.6 12.2 2.2 12.6

BNDES/Finame Rural 1.8 3.8 1.7 3.6 0.9 3.7

Jun/18 Mar/19 Jun/19

%

Vintages

Annual Vintage – Individuals Loan Portfolio Annual Vintage – SME Loan Portfolio

29

Gross Quarterly Disbursement ¹ (Base 100 on 1Q17 )

100

150121

142125

151 146165

138

191

1Q17 1Q182Q17 3Q17 3Q184Q17 2Q18 4Q18 1Q19 2Q19

Brazil

100133 117 123 119

157 147 156 169193

2Q171Q17 3Q17 2Q184Q17 1Q18 3Q18 4Q18 1Q19 2Q19

100

186

150181

118

182 191162

87

180

4Q181Q17 3Q172Q17 3Q184Q17 1Q18 2Q18 1Q19 2Q19

100

140

106131 132 128 119

172148

195

3Q18 4Q183Q171Q17 2Q17 2Q181Q184Q17 1Q19 2Q19

(1) Revised series. Gross disbursements. Does not include credit card operations, overdraft and revolving fast turn.

Individuals Loan

Agribusiness Loans Companies Loans

30

31

+55 (11) 4298-8000www.bb.com.br/irir@bb.com.br

Av. Paulista, 1230

18th floor

Bela Vista

São Paulo – SP | Brazil

CEP 01310-100