| In 2004, Unibanco issued US$17.3 billion in trade-related currency contracts from
a US$319 billion market aggregate, representing a 5.4% market share, up from 5.2%
in 2003. In import operations, Unibanco closed US$5.2 billion in transactions
in a market that moved US$56.6 billion, increasing its market share to 9.2% from
8.1%.
The consolidated trade-finance portfolio, including imports, exports and international
guarantees, totaled US$1.6 billion, up 8.7% compared to 2003. Unibanco focused
its efforts on import financing, closing US$444.3 million in operations, 148.6%
more than in the previous year.
Unibanco also focused on structured operations, particularly Export Credit
Notes, which totaled US$97 million contracted in the last seven months of 2004.
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