Quarterly Management Discussion & Analysis (MDA300905.pdf)

ItaucredThe following tables are based on the pro forma financial statements of Itaucred, using internally generatedinformation, intended to reflect the activity of the business units more accurately.On September 30, 2005R$ MillionCredit Operations 9,734 2,779 1,630 14,143(Allowance for Loan Losses) (266) (213) (48) (526)Other Assets 123 5 4 132R$ MillionSecurities Repurchase Agreements 8,283 415 1,275 9,973Borrowings 29 - - 29Other Liabilities 357 1,789 180 2,326Financial StatementR$ MillionProvision for Loan and Lease Losses (75) (84) (36) (194)Credits Recoveries and Renegotiated 28 11 2 41Banking Service Fees 96 117 9 221Non-Interest Expenses (129) (228) (103) (459)Taxes Expenses for ISS, PIS and COFINS (23) (23) (4) (51)Other Operating Income 2 14 1 17Non-Operating Income (0) 1 (0) 1Note: From 30/09/05 company FIC is being consolidated integrally.The item Non-Interest Expenses is composed by Personnel Expenses, Other Administrative Expenses, tax expenses for CPMF e Other taxes and Other Operating Expenses.36 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.