Bank of America Merrill Lynch Now Offers Treasury Solutions to Clients in Brazil; New Brazil Capabilities Reflect International Strategic Priority for Global Banking and Markets

Bank of America Merrill Lynch announced today that the Central Bank of Brazil has granted the company a multiple bank license allowing it to offer global treasury solutions to multinational clients operating in Brazil. The new capabilities immediately available in Brazil include deposit accounts, payments, reporting and liquidity solutions. As a result, the company can now provide a comprehensive suite of corporate and investment banking services to clients in Brazil, enhancing its competitive strength in Latin America and furthering its strategic priority of developing international opportunities.

“Brazil is a significant market for Global Corporate and Investment Banking, and we are proud to now offer our clients doing business in Brazil the type of corporate banking products and services that others across the globe find so valuable,” said Paul Donofrio, co-head of Global Corporate and Investment Banking. “The new license is another important milestone in our commitment to deliver BofA Merrill’s full set of product solutions to clients wherever they do business. Today, in Brazil, we are more than their big deal bankers – we are their everyday bankers too.”

“This is an exciting development for BofA Merrill in Brazil,” said Alexandre Bettamio, country executive for Brazil. “We already have considerable business operations in the country, spanning wealth management, corporate and investment banking, and institutional sales, trading and research. With the addition of treasury solutions, we are well on our way to completing our target product offering that gives clients a more expansive set of financial solutions to help them do business in Brazil.”

Additional treasury solutions capabilities, such as more payment types, collections, trade products, and local currency loans will be launched in the next few months.

The license and new capabilities coincide with the recent addition in Brazil of coverage officers, risk and support staff, as well as a build out of systems infrastructure. The corporate banking coverage team has focused on large Brazil corporates and international subsidiary banking clients to deliver a range of solutions that include onshore derivatives, offshore trade products, offshore loans and international cash management. The broadened capabilities meaningfully extend the team’s competitive strength, while meeting the needs of clients in Brazil.

BofA Merrill’s expertise in delivering corporate and investment banking solutions to clients in Brazil and across Latin America has been recognized by numerous industry publications. Recent awards include:

• Best Equity Bank in Latin America, Global Finance, 2011.
• Best Equity Deal of the Year – Petrobras, Global Finance, 2011.
• Deal of the Year, Best Corporate Liability Management – Fibria, Latin Finance, 2011.
• Best Local Currency Financing – Colombia's Global TES Bond, Latin Finance, 2011.
• Latin America Equity Issue – Petrobras, IFR, 2010.
• Latin America Loan Deal of the Year – Americas Mining Corporation, IFR, 2010.
• Best Equity Deal, Americas – Santander, The Banker, 2010.
• No. 1 Ranked Latin America research house, Institutional Investor, 2010.

Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with approximately 5,800 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

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