| Unibanco provides credit to the entire real estate business chain, from traditional
residential and commercial mortgages to condominium developers and builders. Loan
portfolio in this segment rose by 19.8% in 2004, to R$435 million from R$363 million.
Unibanco also participates in condominium projects with Grupo Verdi's Rodobens
Engenharia, financed through the Sistema Fácil; in 2004 it launched 427
projects with 3,256 residential units, more than 80% already sold.
One of the highlights in this area was the launch, in November, of the Plano
Único, developed jointly with Rodobens. It is a new product, combining
the advantages of a traditional mortgage and the flexibility of a purchasing
pool. Clients are guaranteed to receive their Credit Letter in a maximum of
36 months and pay for their acquisition in 100 months, interest-free.
Unibanco Capitalização registered R$454 million in revenues for
the year, a 15.8% increase over 2003. The Plin Milionário was the main
highlight of the Retail business, with sales of R$125 million, helping Unibanco
Capitalização beat historic sales records for three consecutive
months at the end of 2004, moving the business to market leader in single-payment
plans and third place in total sales during 4Q04.
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