Banco PINE Releases Its 3Q09 Results

SAO PAULO, Brazil, Nov. 9 /PRNewswire-FirstCall/ -- Banco Pine S.A. (Bovespa:
PINE4) specializes in the corporate segment, offering its clients a complete
range of credit products in both local and foreign currency. It also offers
financial and strategic advisory services, treasury products, investments,
special credit lines and onlending operations. Banco PINE thoroughly
understands the needs, as well as the strategies, of companies in order to
provide them with customized services efficiently and quickly.

Highlights of the Period:

-- Net income in 3Q09 was R$22,068 thousand, up 1.2% from 2Q09.
Annualized
ROAE reached 11.3% in the quarter. In the nine months through
September,
net income totaled R$63,938 thousand, while annualized ROAE reached
10.5%.

-- Operating income was another highlight in the quarter, increasing 9.1%
to R$37,639 thousand.

-- Banco PINE's Efficiency Ratio improved in the quarter, reaching 44.0%,
80 bps and 310 bps lower than 2Q09 and 3Q08, respectively.

-- On September 30, 2009, the Corporate loan portfolio, Banco PINE's core
business, was R$3,415,924 thousand, an expansion of 11.3% over June,
with working capital loans recording growth of 15.7% in the quarter to
R$2,243,535 thousand.

-- The quality of the loan portfolio also improved. In September 2009,
96.8% of the loan portfolio was rated between AA and C, in accordance
with Brazilian Central Bank Resolution 2,682. Note that the coverage
of
the D-H loan portfolio was 100.2% in September, while the coverage of
the overdue D-H portfolio reached 220.3%, demonstrating the Bank's
conservative approach.

-- In September 30, 2009, time deposits including Agribusiness Letters of
Credit (LCA) totaled R$2,153,896 thousand, a 22.7% growth in relation
to
June. Deposits surpassed the June 2008 balance, before the onset of
the
global financial crisis in 2008.

-- The Bank's Capital Adequacy Ratio stood at 17.2%, which demonstrates a
comfortable capital level.

The full earnings release for 3Q09 is available on Banco Pine's IR website at
www.bancopine.com.br/ir

Banco Pine will hold Conference Calls on 3Q09 Results tomorrow, November 10,
at 9:00 a.m. (US ET) in English and at 7:00 a.m. (US ET) in Portuguese.

SOURCE Banco Pine S.A.

Banco Pine's IR Area, (+55 11) 3372-5553, ir@bancopine.com.br