Disclaimer

All financial information presented herein is consolidated, including the Bank´s financialstatements, its subsidiaries, Credit Receivables Investment Fund Paraná Banco II (FIDC), theinsurers JMALUCELLI Seguradora, JMALUCELLI Seguradora de Crédito (pending SUSEP`sapproval), the reinsurer JMALUCELLI Re., JMALUCELLI Agenciamento and Paraná Administradorade Consórcio. All information, except when otherwise indicated, is presented in the Braziliancurrency (in Reais) and was prepared based on the accounting practices g p pursuant to theBrazilian Corporate Law, associated with the regulations and instructions issued by the NationalMonetary Council (“CMN”), the Brazilian Central Bank (“BACEN”), the Brazilian Securities andExchange Commission ("CVM"), the National Council of Private Insurance (“CNSP”), the BrazilianPrivate Insurance Authority (“SUSEP”) and the Accounting Standards Committee (“CPC”),whenever applicable.

Information contained herein regarding future events is exposed to risks and uncertainties and issubject to change, resulting from, among other factors: market behavior, Brazil’s economical andpolitical situation, and changes in legislation and regulations. Information presented herein isentirely based on the expectations of the Bank’s Administration regarding its future performance,and does not constitute a guarantee of performance.

2

Main Highlights

Net Income:

R$ 29.1 million in 4Q0981.4% vs. 4Q08

R$ 104.3 million in 200924.0% vs. 2008

Profitability:

ROAE of 15.3% (4Q09) and 13.0% (2009)

ROAA of 4.3% (4Q09) and 4.2% (2009)

NIM of 14.3% (4Q09) and 13.5% (2009)

Total Deposits in 2009:

R$ 997.2 million29.6% vs. 2008

6.6% vs. 3Q09

3

Total Assets:

R$ 2,823.1 million6.1% vs. 3Q09

21.8% vs. 2008

Loan Portfolio:

R$ 1,297.0 million7.6% vs. 3Q09

16.8% vs. 2008

Portfolio from AA to C:

93.5% of Paraná Banco’s

portfolio.

Main Highlights (Insurance)

Net Income - Insurer:

R$ 9.5 million (4Q09)50.5% vs. 3Q09

R$ 29.3 million (2009)68.8% vs. 2008

Net Income - Reinsurer:

R$ 5 million (4Q09)311.5% vs. 3Q09

R$ 14.1 million (2009)213.3% vs. 2008

Combined Ratio

JM Seguradora:

61.3% (4Q09)- 4.5 p.p. vs. 3Q09

-7.5 p.p. vs. 4Q08

4

Market share in 2009:

JM Seguradora: 32.2%

JM Re: 36.5%

Retained Premiums

JM Seguradora + JM Re:

R$ 27.4 million0.9% vs. 3Q09

Insurance business share:

51.1% of 4Q09 and

43.0% of 2009

net income

Financial Performance

5

Income with credit assignmentsIncome from credit operations Result from marketable securities operations

Expenses from Financial Operations NIM

4Q08 3Q09 4Q09 2008 2009

29,2

75.7

72.4 75.7

15.1

15.8 15.8

(48.0) (41.5) (42.3)

19.8%

14.7%14.3%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

(100)

(50)

-

50

100

150

29.2

327.1

280.0

51.8

63.7

(172.9) (151.7)

16.0%

13.5%

-16.5%

-11.5%

-6.5%

-1.5%

3.5%

8.5%

13.5%

18.5%

(300)

(200)

(100)

-

100

200

300

400

500

Result from financial operations 49,241 46,705 5.4% 72,021 (31.6%) 191,925 235,190 (18.4%)

Efficiency Ratio 49.3% 58.3% (8.9 p.p.) 80.4% (31.1 p.p.) 54.9% 66.0% (11.1 p.p.)

2009 20082009 x

2008R$ thousand 4Q09 3Q09

4Q09 x

3Q094Q08

4Q09 x

4Q08

6

Financial Performance

Growth in Net Income: Recovery in credit and reduction in operating expenses.

Increasing share of insurance business in total earnings.

27.2% 43.0% 31.1% 51.1%

2008 2009 4Q08 4Q09

Net Income(R$ thousand)

Participation of insurance sector

24.0%

84,127

104,301

16,023

29,066

81.4%

Operational Performance

7

Matching of Terms: 52.6% of the portfolio and 48.1% of funding maturing within 1 year.

Loan Portfolio (R$) 1,297,002 1,205,341 7.6% 1,110,492 16.8%

Total Deposits (R$ thousand) 997,182 935,454 6.6% 769,534 29.6%

Time Deposits (R$ thousand) 846,980 783,482 8.1% 696,366 21.6%

4Q09 x

4Q084Q09 3Q09

4Q09 x

3Q094Q08

25.4%

27.2%

35.8%

11.6%

Loan Portfolio – Operations Falling Due

Up to 3 months

Between 3 and 12 months

Between 1 and 3 years

Above 3 years

26.7%

21.4%

43.5%

8.5%

Funding – Operations Falling Due

Up to 3 months

Between 3 and 12 months

Between 1 and 3 years

Above 3 years

Quality of the Loan Portfolio

8

* Includes balance of assignment with co-obligation.

Delinquency rate - Brazilian Financial System (“SFN”)

Individuals (>90 days) = 7.8%

Corporations (>90 days) = 3.8%

Delinquency rate - Paraná Banco

Payroll deductible (>90 days) = 5.9%

Small and Mid Enterprises (>90 days) = 0.8%

Allowance for Doubtful Accounts (PDD) 70,649 62,331 13.3% 51,469 37.3%

Portfolio (> 90 days) 74,725 67,023 11.5% 56,151 33.1%

Portfolio (> 180 days) 46,820 38,475 21.7% 30,420 53.9%

Total Portfolio* 1,398,582 1,347,703 3.8% 1,330,658 5.1%

Portfolio Coverage Index (PDD / > 90 days) 94.5% 93.0% 1.5 p.p. 91.7% 2.9 p.p.

Portfolio Coverage Index (PDD / > 180 days) 150.9% 162.0% (11.1 p.p.) 169.2% (18.3 p.p.)

Allowance for Doubtful Accounts (PDD) / Total Portfolio 5.1% 4.6% 0.5 p.p. 3.9% 1.2 p.p.

Written-off credits (b) 8,754 13,250 (33.9%) 7,856 11.4%

Loss rate (b/a) 0.6% 1.0% (0.4 p.p.) 0.6% 0.0 p.p.

4Q09 x

4Q08R$ 4Q09 3Q09

4Q09 x

3Q094Q08

9

FIDC

Once they were discontinued, the remaining FIDC portfolio was integrated with

the Bank's portfolio, and that led to higher provision expenses.

Growth of 0.6 p.p. in the H level

94.0%

3.1%2.8%

Consolidated Portfolio -Without FIDC II

AA- C

D-G

H

93.3%

3.3% 3.4%

Consolidated Portfolio

AA- C

D-G

H

Funding

10

DPGE (Time Deposits with Special Guarantee) in December 31, 2009: R$ 141.1 million

Total Deposits: increase of 6.6% in the quarter.

Increased participation of institutional investors and corporations.

Issue overseas: portfolio is 100% hedged

US$ 35 million maturing in August 2011

US$ 100 million maturing in December 2012

2005 2006 2007 2008 1Q09 2Q09 3Q09 4Q09

235

17102

980

Funding Sources

MTN FIDCs Loans Assigment Deposits

US$ 35 MM

46.4%

26.5%

3.4%

23.8%

US$ 100 MM

Issue overseas (US$300 MM program)

Europe

US

Chile

Others

Segmentation

11

Payroll-Deductible Loans: diversification dilutes the regulatory risk of credit

and concentration of agreements.

Alternative Distribution Channels: 82 franchises and 9 own stores.

Small and Mid Enterprises (SME): growth of 11.0% in the quarter.

Synergy with the JM Seguradora:15.2% of the portfolio.

Distribution in the platforms:

Curitiba, São Paulo, Ponta Grossa, Maringá, Joinvile and Florianópolis.

5.4%4.4%

81.5%

8.8%

Sector Distribution - SME

Industry

Commerce

Services

Municipal Public

16,1%

31,5%

3,4%

30,2%

18,8%

Payroll-Deductible Loan Origination

INSS

States

Armed Forces

Municipality

Others

Capital Structure

12

Changes in Shareholders’ Equity: impacted by the 5th and 6th share buy-back programs and

the payment of IOE worth of R$ 47.9 million in 2009.

Basel II: 38.9% in 4Q09, with a R$ 526.2 million margin over the limit.

Initial Balance 811,368 804,540

Net Income 29,066 21,123

Interest on Equity (16,110) (7,547)

Treasury shares (35,752) (6,363)

Adjustment to market value - Marketable securities 5 6

Others (1) (391)

Final Balance 788,576 811,368

Equity Changes (R$ thousand) 4Q09 3Q09

Reference Shareholder's Equity 790,968 813,011 804,946 807,027 807,759

Reference Shareholder's Equity Required 223,839 239,050 226,132 243,783 252,396

Banking Portfolio Risk (RBAN) 40,959 41,546 49,368 44,625 51,875

Basel required minimum margin 526,170 532,415 529,446 518,619 503,488

Basel Index 38.9% 37.4% 39.2% 36.4% 35.2%

4Q08Capital ComplianceBasel II Rules

4Q09 3Q09 2Q09 1Q09

Qualidade da Carteira de Crédito

13

* Inclui saldo da cessão com coobrigação.

Inadimplência SFN

PF (>90 dias) = 7,8%

PJ (>90 dias) = 3,8%

Inadimplência Paraná Banco

Consignado (>90 dias) = 5,9%

PME (>90 dias) = 0,8%

PDD 70.649 62.331 13,3% 51.469 37,3%

Carteira (> 90 dias) 74.725 67.023 11,5% 56.151 33,1%

Carteira (> 180 dias) 46.820 38.475 21,7% 30.420 53,9%

Carteira Total* (a) 1.398.582 1.347.703 3,8% 1.330.658 5,1%

Índice de cobertura da carteira (PDD / > 90 dias) 94,5% 93,0% 1,5 p.p. 91,7% 2,9 p.p.

Índice de cobertura da carteira (PDD / > 180 dias) 150,9% 162,0% (11,1 p.p.) 169,2% (18,3 p.p.)

PDD / Carteira Total 5,1% 4,6% 0,5 p.p. 3,9% 1,2 p.p.

Créditos Baixados a Prejuízo (b) 8.754 13.250 (33,9%) 7.856 11,4%

Nível de perda (b/a) 0,6% 1,0% (0,4 p.p.) 0,6% 0,0 p.p.

4T09 x

4T08R$ 4T09 3T09

4T09 x

3T094T08

Insurance

14

Latin America Market

Source: LatinoInsurance

23.0%

22.0%

17.0%

16.0%

12.0%

10.0%

Surety Bond- Latin America market share

Mexico

Brazil

Others

Venezuela

Colombia

Argentina

3.0%

3.3%

3.9%

6.2%

6.3%

7.7%

Confianza - Colombia

Corporativos - Venezuela

Sofimex - Mexico

Mrrey NYL - Mexico

Aserta - Mexico

JMalucelli - Brazil

Latin America - Market share of the companies

34.0%

36.5%

1.0%

25.0%

3.4%

Market Share - reinsurance premiumsFinancial risk category

IRB BRASIL RESSEGUROS

J. MALUCELLI RESSEGURADORA

MAPFRE RE DO BRASIL

MUNCHENER RUCK DO BRASIL RESSEGURADORA

XL RESSEGUROS BRASIL29.2% 37.0% 42.3% 50.4% 43.0% 32.2%

187,768 167,452192,364

346,089

499,334

703,109

2004 2005 2006 2007 2008 2009

Market share evolution - direct premiums (R$ thousand)

JMalucelli Seguradora Market

15

Market Share (December/2009)

JM Seguradora: market leader – profitable operation, low claims ratio, quick credit analysis,

selected clients and attractive to reinsurers.

Outlier: R$ 124.7 million policy for the Madeira River hydropower plant construction project.

Without it, JM Seguradora would have a 39.2% market share.

JMalucelli Resseguradora: Ranks first in the financial risk group.

Operational Performance

16

JMalucelli Seguradora pulls down the market’s claim ratio average.

Without the JM Seguradora, it would be 36.9%.

26.3%

3.6%

0%

10%

20%

30%

40%

50%

2004 2005 2006 2007 2008 2009

Claim ratio

Market JMalucelli Seguradora

38,020

72,129

27,578

9,688

66,948

176,331

253 4,025 2,372 6,457 9,056 7,960

2004 2005 2006 2007 2008 2009

Insurance claims

Market JMalucelli Seguradora

Qualidade da Carteira de Crédito

17

* Inclui saldo da cessão com coobrigação.

Inadimplência SFN

PF (>90 dias) = 7,8%

PJ (>90 dias) = 3,8%

Inadimplência Paraná Banco

Consignado (>90 dias) = 5,9%

PME (>90 dias) = 0,8%

PDD 70.649 62.331 13,3% 51.469 37,3%

Carteira (> 90 dias) 74.725 67.023 11,5% 56.151 33,1%

Carteira (> 180 dias) 46.820 38.475 21,7% 30.420 53,9%

Carteira Total* (a) 1.398.582 1.347.703 3,8% 1.330.658 5,1%

Índice de cobertura da carteira (PDD / > 90 dias) 94,5% 93,0% 1,5 p.p. 91,7% 2,9 p.p.

Índice de cobertura da carteira (PDD / > 180 dias) 150,9% 162,0% (11,1 p.p.) 169,2% (18,3 p.p.)

PDD / Carteira Total 5,1% 4,6% 0,5 p.p. 3,9% 1,2 p.p.

Créditos Baixados a Prejuízo (b) 8.754 13.250 (33,9%) 7.856 11,4%

Nível de perda (b/a) 0,6% 1,0% (0,4 p.p.) 0,6% 0,0 p.p.

4T09 x

4T08R$ 4T09 3T09

4T09 x

3T094T08

Corporate Governance

Corporate Governance

18

Interest on Equity in 2009: R$ 47.9 million, equivalent to R$ 0.51 per share and pay-out of 45.9%.

Share Buyback Program: 6th program in progress.

*Data related to this program have been updated as at 12/31/2009.

1 4,155,600 8.85 36,768 Ended on 07/07/2008

2 4,072,300 5.06 20,604 Ended on 03/17/2009

3 3,331,800 4.06 13,526 Ended on 04/01/2009

4 2,987,200 5.55 16,568 Ended on 05/27/2009

5 2,756,400 8.61 23,746 Ended on 10/13/2009

6* 2,056,100 10.00 20,557 Ongoing

Total 19,359,400 6.81 131,769

Programs Acquired SharesAverage

Price

Total Cost

(R$ million)Status

1Q09 5,974,417.92 0.06000 1.30

2Q09 18,283,706.08 0.19000 2.68

3Q09 7,547,362.56 0.08000 0.82

4Q09 16,109,996.02 0.17554 1.72

Total 47,915,482.58 0.50554 -

Distributed Gross Value

(R$)

Interest on Equity

per share (R$)

Dividend Yield

(%)

September 2009September 2009

Low Credit Risk

RatingA-

Rating Rating / Ranking RatingbrBBB+ 11.20 A

Low Credit RiskLow Credit Risk -

Medium term

May 2009

Low Credit Risk

September 2009

PRBC4 Performance

19

-

10.000

20.000

30.000

40.000

50.000

60.000

70.000

-

50,00

100,00

150,00

200,00

250,00

300,00

350,00

400,00

450,00

Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09

PRBC Ibovespa Volume

DA

ILY

TR

AD

ING

VO

LUM

E (R

$ th

ou

san

ds)

SHA

RE

PR

ICE

(b

ase

100

)

Investor Relations

20

This presentation may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current

expectations and projections regarding future events and financial trends that affect or may come to affect the company’s business. Many important factors may adversely

affect the results of Paraná Banco as described in our estimates and forward-looking statements. These factors include, but are not limited to, the following: the Brazilian and

international economic situation, fiscal, foreign-exchange and monetary policies, higher competition in the payroll deductible loan segment the ability of Paraná Banco to

obtain funding for its operations and amendments to Central Bank regulations. The words: “believe”, “may”, “could”, “seek”, “estimate”, “continue”, “anticipate”, “plan”,

“expect” and other similar words are intended to identify estimates and projections. The considerations involving estimates and forward-looking statements include

information related to results and projections, strategies, competitive positioning, the industry environment, growth of opportunities, the effects of future regulations, and the

impact from competitors.

Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of these estimates

arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above, the estimates and forward-looking

statements contained in this presentation may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates,

projections and forward-looking statements contained herein.

Marianne C. BaggioIR Analyst

Ph: (+55 41) 3351-9645

Mauricio N. G. Fanganiello IR Coordinator

Ph: (+55 41) 3351-9765

Cristiano Malucelli IRO

Ph: (+55 41) 3351-9950

e-mail: ri@paranabanco.com.br

IR Website: www.paranabanco.com.br/ir