Banco BPI http://www.alacrastore.com/company-snapshot/Banco_BPI-2105324 Monday, December 01, 2008 7:34:27 PM 2105324 Banco BPI en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/ccbn/T1741779ccbn/T1741779norm...Good morning ladies and gentlemen. Welcome to the Banco BPI conference call to discuss the third quarter #### consolidated results. We currently have ## participants online, and at this moment all lines are on listen mode only. At the end of the presentation there will be a question and answer session; instructions on how to participate will be given at that time. I would like now to turn the conference over to Mr. Fernando Ulrich, Chairman of the Executive Committee of Banco BPI. Thank you for your attention, enjoy the conference. Please go ahead Mr. Ulrich. ... 10/27/2008 12:06:00 PMBanco BPI SA54.0000FinalBanco BPI SA Q3 2008 Earnings Conference Call TranscriptBPIN.IN11:00am UKTTranscriptT1741779Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/558957spcred/558957normThe latest Full Report from S&Pglobalstructured10/17/2008 2:40:01 AM400Full Report558957PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceResidential MBSCorporationsFinancial InstitutionsAsset-Backed SecuritiesFull ReportGood position in the Portuguese retail banking market Skilled and stable management team Track record of sound and resilient asset quality, better than that of domestic peers Healthy and improving operating profitability Tight capital management, particularly given structural exposure to changes in the valuation of pension liabilities High risk concentration by individual borrower Potential volatility of returns from Angola The ratings on Portugal-based Banco BPI S.A., which were placed on CreditWatch with positive implications on March 14, 2006, are supported by the bank's good position in Portugal, skilled management, good and better than domestic peers' asset quality track record, and sound and improving financial performance. These factors are offset by BPI's tighter capital management than EU peers (despite improvement inPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLESPPRTE2418GE2420DE2420J05947912802KE2420EX0480E05966EE2420L40101015 401010 4010 4040101010 401010 4010 4040201020 402010 4020 40Banco Comercial Portugues, S.A.Banco Santander Totta, S.A.Caja de Ahorros y Pensiones de BarcelonaBanco Portugues de Investimento S.A.120079384585309552118431LATAMERICAEUROMIDAFRUSAASIAEMERGINGBCP@PL1002Z@SMBTA@PL1045Z@PLGLOBISSSTRUCRMBSCORPFIABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/580550spcred/580550normThe latest Full Report from S&Pglobalstructured10/17/2008 2:40:01 AM400Full Report580550PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceAsset-Backed SecuritiesFinancial InstitutionsCorporationsResidential MBSFull ReportGood position in the Portuguese retail banking market Skilled and stable management team Track record of sound and resilient asset quality, better than that of domestic peers Healthy and improving operating profitability Tight capital management, particularly given structural exposure to changes in pension liability valuations High risk concentration by individual borrower Potential volatility of returns from Angola The ratings on Portugal-based Banco BPI S.A are supported by the bank's good position in Portugal, skilled management, good and better than domestic peers' asset quality track record, and sound and improving financial performance. These factors are offset by BPI's tighter capital management than EU peers (despite improvement in core solvency measures over recent years), structural exposure to changes in the valuation ofPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLPRTESPE2418GE2420DE2420JE2420L12802KE2420E40201020 402010 4020 4040101015 401010 4010 40Caja de Ahorros y Pensiones de BarcelonaBanco Portugues de Investimento S.A.120079309552EMERGINGEUROMIDAFRLATAMERICA1045Z@PL1002Z@SMGLOBISSSTRUCABSFICORPRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/500235spcred/500235normThe latest Full Report from S&Pglobalstructured10/17/2008 2:40:00 AM400Full Report500235PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceCorporationsFinancial InstitutionsInsuranceAsset-Backed SecuritiesResidential MBSFull ReportGood positioning in the Portuguese retail banking market; Skilled and stable management team; Sound, above-average, and resilient asset-quality track record; Adequate and fairly consistent operating profitability, even in times of economic stress; and Continuous efficiency improvements. Modest, albeit improving, capital position; A high level of risk concentration by individual borrower; Structural exposure to changes in the valuation of pension liabilities; and Potential volatility of returns from Angola. The ratings on Portugal-based Banco BPI S.A., which were placed on CreditWatch with positive implications on March 14, 2006, are supported by the bank's good position in Portugal, skilled management, good asset-quality track record, and adequate, fairly resilient financial performance. These factors are offset by BPI's still-modest capitalization (albeit better than in thePRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLESPPRTDEU01880505947905966EE2420DE2420EE2420J12802KE2418GE2420LX0480E40101010 401010 4010 4040301030 403010 4030 4040101015 401010 4010 4040201020 402010 4020 40Allianz SEBanco Comercial Portugues, S.A.Banco Santander Totta, S.A.Caja de Ahorros y Pensiones de BarcelonaBanco Portugues de Investimento S.A.120079384585116877309552118431USAASIAEMERGINGEUROMIDAFRLATAMERICABCP@PLALV@GRBTA@PL1002Z@SM1045Z@PLGLOBISSSTRUCCORPFIINSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/424279spcred/424279normThe latest Full Report from S&Pstructuredglobal10/17/2008 2:39:59 AM400Full Report424279PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaStructured FinanceGlobal IssuersCorporationsFinancial InstitutionsInsuranceAsset-Backed SecuritiesResidential MBSFull ReportGood positioning in the Portuguese retail banking market, due to a successful growth strategy; Sound and resilient asset quality track record throughout the economic cycle; Adequate and fairly consistent operating profitability, even in times of economic stress; and Continuous efficiency improvements. A modest capital position, particularly after a downward adjustment for pension costs pending recognition; A high level of risk concentration by individual borrower; Market risk arising from long-term equity holdings, which are, however, lower than in previous years; and Still modest, but improving, prospects for economic growth in Portugal. The ratings on Banco BPI S.A. (BPI) are supported by the bank's good positioning in Portugal, skilled management, good asset-quality track record, and adequate, fairly stable financial performance. These factorsPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLPRTDEUESP01880505947912802KE2420DE2420JE2420LF1317RE2418GE2420EX0889740101015 401010 4010 4040201020 402010 4020 4040101010 401010 4010 4040301030 403010 4030 40Allianz SEBanco Comercial Portugues, S.A.Caixa Geral de Depositos S.A.Caja de Ahorros y Pensiones de BarcelonaBanco Portugues de Investimento S.A.120079117922116877309552118431LATAMERICAASIAUSAEMERGINGEUROMIDAFRALV@GRBCP@PL1069Z@PL1002Z@SM1045Z@PLSTRUCGLOBISSCORPFIINSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/407926_report_framefitch/407926_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPI8036011510/6/2008 2:16:00 PM0101070001010100425Full Rating ReportBPI407926_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/407968_report_framefitch/407968_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPI8036011510/6/2008 2:16:00 PM0101070001010100165Credit UpdateBPI407968_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/441677_pr_framefitch/441677_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPIBanco Portugues de InvestimentoCaixa D'Estalvis I Pensiones De BarcelonaBanco Comercial Portugues8035998680359627803596978036011510/3/2008 10:17:00 AM010107000101010085Press ReleaseBCPBPI441677_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/bir/498331bir/498331normBanco BPI S.A.PortugalFinance: The BPI Group is a multi-specialist universal financial group which concentrates its activities on two chief business areas: investment banking and commercial banking. Through its two banking institutions it offers a complete spectrum of financia6719602162115511125221105231209HMBPI8/26/2008 6:21:00 AM498331Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/663860spcred/663860normThe latest News from S&Pglobalstructured8/7/2008 4:16:00 PM100News663860PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsResidential MBSNewsMADRID (Standard&Poor's) Aug. 7, 2008—Standard&Poor's Ratings Services said today that it has assigned a 'AAA' credit rating to the €150 million "obrigações sobre o sector público" (Portuguese legislation-enabled public sector bonds) issued by Banco BPI S.A., drawn under its 'AAA' rated €2 billion public sector covered bond program. This is the first issuance under the program set up by BPI and also the first public sector bonds program in Portugal. The collateral for the public sector covered bonds may contain: — Credit assets over the central administrations, regional or local authorities of any EU member state, as well as receivables benefiting from an express and legally binding guarantee issued by any of those entities; — OtherPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLNEWSGLOBISSSTRUCFIRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/663585spcred/663585normThe latest Full Report from S&Pglobalstructured8/6/2008 4:43:39 AM400Full Report663585PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsAsset-Backed SecuritiesResidential MBSFull ReportStandard&Poor's Ratings Services has assigned its 'AAA' credit rating to the €1 billion mortgage covered bonds series I ("Obrigações Hipotecárias", OHs) issued under Banco BPI S.A.'s (BPI's) program. This is the first issuance under the €7 billion global covered bond program set up by BPI and the fourth covered bond program set up in Portugal under the legal framework established in March 2006. The issuance is backed by a Portuguese portfolio of loans, owned by BPI, secured by first-ranking (or second-ranking but with prior ranking originated by BPI and included in the pool), fully amortizing loans on residential properties in Portugal. The rating reflects our level of comfort in the Portuguese covered bond legislation and the framework itPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLGLOBISSSTRUCFIABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/428318_pr_framefitch/428318_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPI803601158/5/2008 2:19:00 PM010101000101070085Press ReleaseBPI428318_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T1910703ccbn/T1910703norm...Good morning, ladies and gentlemen. Welcome to the Banco BPI conference call to discuss first half #### consolidated results. We currently have ## participants online. At this moment, all lines are on listen-mode only. At the end of the presentation, there will be a question and answer session. Instructions on how to participate will be given at that time. I would now like to turn over the conference to Mr. Fernando Ulrich, Chairman of the Executive Committee of Banco BPI's Board of Directors. Thank you for your attention and enjoy the conference. Mr. Ulrich. ... 7/28/2008 1:06:00 PMBanco BPI SA54.0000FinalH1 2008 Banco BPI SA Earnings Conference Call TranscriptBPIN.IN11:00am UKTTranscriptT1910703Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/651811spcred/651811normThe latest Full Report from S&Pglobalstructured6/3/2008 11:06:46 AM400Full Report651811PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsResidential MBSFull ReportGood position in the Portuguese retail banking market Skilled and stable management team Track record of sound and resilient asset quality, better than that of domestic peers Good operating profitability Tight capital management, particularly given structural exposure to changes in pension liability valuations High risk concentration by individual borrower Potential volatility of returns from Angola The ratings on Portugal-based Banco BPI S.A reflect the bank's good position in Portugal, skilled management, good (better than domestic peers') asset quality track record, and good financial performance. These factors are offset by BPI's tighter capital management than EU peers', structural exposure to changes in the valuation of its pension obligations, high single-name concentration, and the potential volatility of returns from its Angolan subsidiary.PRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLFULLPRT40101015 401010 4010 40Banco Portugues de Investimento S.A.309552EUROMIDAFR1045Z@PLGLOBISSSTRUCFICORPRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/651813spcred/651813normThe latest Summary from S&Pglobalstructured6/3/2008 11:06:46 AM175Summary651813PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsResidential MBSSummaryThe ratings on Portugal-based Banco BPI S.A reflect the bank's good position in Portugal, skilled management, good (better than domestic peers') asset quality track record, and good financial performance. These factors are offset by BPI's tighter capital management than EU peers', structural exposure to changes in the valuation of its pension obligations, high single-name concentration, and the potential volatility of returns from its Angolan subsidiary. Under the direction of a skilled management team, BPI is executing an ambitious growth strategy, becoming one of the most flexible and innovative institutions in the Portuguese financial system. With a 10% market share in the retail segment and a leading franchise in investment banking, BPI benefits from an attractive No. 5 position in PortugalPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLSUMMARYGLOBISSSTRUCFIRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/419694_pr_framefitch/419694_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPIBanco Espirito Santo SA (BES)Caixa Geral de Depositos, S.A.Millennium bcpSantander Totta SGPS80359695803596998035998680360115817456695/7/2008 10:18:00 AM010101000101070085Press ReleaseBCPBESBPI419694_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/419134_pr_framefitch/419134_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Banco BPI803601155/2/2008 10:18:00 AM010101000101070085Press ReleaseBPI419134_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_820914466_153875moodys/PR_820914466_153875htmlGlobal Credit Research Rating Action ## APR #### Rating Action: Banco BPI S.A., Mortgage Covered Bonds Moody's assigns provisional ratings of (P)Aaa to mortgage Covered Bonds to be issued by BANCO BPI, S.A. Madrid, April ##, #### --...4/25/2008 4:11:01 AMhtmlBanco BPI S.A., Mortgage Covered BondsBanco BPI S.A.Banco BPI S.A.; Banco BPI S.A., Mortgage Covered Bonds720914466600021338150.0000NewsRating ActionPR_820914466_153875Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1741773ccbn/T1741773norm...Good day, ladies and gentlemen, and welcome to the Banco BPI conference call to discuss the first quarter #### consolidated results. We are currently having ## participants to the main conference on listen-only mode. At the end of the presentation there will be a question and answer session. Instructions on how to participate will be given at that time. I would now like to turn the call over to your host Mr. Fernando Ulrich, chairman of the executive committee of Banco BPI's Board of Directors. Thank you for your attention, and enjoy the conference. Mr. Fernando Ulrich, please go ahead. ... 4/24/2008 2:07:00 PMBanco BPI SA54.0000FinalQ1 2008 Banco BPI SA Earnings Conference Call TranscriptBPIN.IN11:00am UKTTranscriptT1741773Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/644387spcred/644387normThe latest News from S&Pglobalstructured4/23/2008 12:58:13 PM100News644387PortugalDiversified BanksEmerging MarketsEurope, Middle East, AfricaLatin AmericaGlobal IssuersStructured FinanceFinancial InstitutionsResidential MBSNewsMADRID (Standard&Poor's) April 23, 2008—Standard&Poor's Ratings Services said today that it assigned its 'AAA' preliminary credit rating to the €7 billion covered bond program from Banco BPI S.A., and to the up to €1.5 billion mortgage covered bonds, series I ("Obrigações Hipotecárias", OHs), to be issued under the program. This will be the first issuance under the €7 billion global covered bond program set up by BPI and the fourth covered bond program set up in Portugal under the legal framework, established in March 2006. It will be backed by a Portuguese portfolio of loans, owned by BPI, secured by first-ranking (or second-ranking but with prior ranking originated by BPI and included in the pool), fullyPRTG0731X40101010 401010 4010 40Banco BPI S.A.309550EMERGINGEUROMIDAFRLATAMERICABPIN@PLNEWSGLOBISSSTRUCFIRMBSCredit & Investment ResearchS&P Credit Research