Consolidated Statement of Income


Year Ended December 31, 2010 and 2009

(In Millions of Reais, Except per Share Information)

  Note 12/31/2010 12/31/2009
Sales of Products And Services   5,240 4,299
Interest and Similar Income   28,210 26,050
Net Gain (Loss) from Financial Assets and Liabilities   698 1,042
Dividends Income 75 97
Banking Service Fees 7,239 7,670
Income from Insurance and Private Pension 29 4,989 5,007
Other Operating Income 24a 1,041 1,225
Interest and Similar Expenses (9,742) (7,064)
Losses on Loans, Receivables and Claims (8,819) (9,488)
Expenses for Allowance for Loan Losses 11b (5,686) (5,560)
Recovery of Credits Written Off as Loss 1,534 792
Expenses for Claims and Variation in Provisions (4,667) (4,720)
Cost of Products and Services (3,624) (3,330)
Other Operating Expenses 24b (2,691) (3,870)
General and Administrative Expenses 24c (14,054) (12,447)
Tax Expenses (1,660) (1,617)
Share of Income of Unconsolidated Companies 14b 161 135
Net Income Before Income Tax and Social Contribution 7,063 7,709
Current Income Tax and Social Contribution 25 (1,596) (2,037)
Deferred Income Tax and Social Contribution 25 (454) (923)
Net Income 5,013 4,749
Net Income Attributable to Owners of the Parent Company 4,417 4,362
Net Income Attributable to Non-Controlling Interests 596 387
Earnings per Share – Basic and Diluted
Common 26 1.01 1.03
Preferred 26 1.01 1.03
Weighted Average Number of Shares Outstanding – Basic and Diluted
Common 1,676,313,114 1,620,340,077
Preferred 2,686,114,746 2,597,394,834
The accompanying notes are an integral part of these consolidated financial statements.


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