Core deposits, including Superpoupe (a time deposit designed for retail clients, with a larger spread than that of regular time deposits) rose by 25% over year-end 2003 levels, growing above market average of 13.8%, an evidence that Unibanco's strategies to refine funding mix was a success in 2004.

Investment funds and portfolios managed by Unibanco Asset Management (UAM) reached R$32,979 million by the end of the year, up 22.4% when compared to December 2003.

In December 2004, Unibanco issued US$150 million in subordinated debt with a 5-year term, paying a coupon equivalent to the 6-month Libor plus 2%. The creditor is Banca Nazionale del Lavoro SpA and the issue was part of a credit line negotiated at the time Unibanco acquired the BNL's subsidiary in Brazil.