Sao Paulo (ANTARA News/PRNewswire-AsiaNet) - Banco Bradesco presents its main figures for the first quarter of 2008. The Report on Economic and Financial Analysis containing the complete Financial Statements is available on the investor relations website (http://www.bradesco.com.br/ir).
1. Net Income in the 1Q08 stood at R$2.102 billion (up 23.3 per cent in relation to the net income of R$1.705 billion in the same quarter of 2007), corresponding to EPS of R$0.68 and return of 32.0 per cent on Average Shareholders' Equity*.
2. Net Income comprised R$1.356 billion from financial activities, which accounted for 65 per cent of the total, and R$746 million from insurance, private pension plan and certificated savings plan activities, which accounted for 35 per cent of Net Income.
3. Market capitalization grew by 12.1 per cent compared to the 1Q07, reaching R$93.631 billion in March 2008 (R$104.959 billion on April 25, 2008).
4. The balance of total assets in March 2008 stood at R$355.517 billion, an increase of 26.1 per cent in relation to March 2007. Annualized return on average total assets was 2.4 per cent, versus 2.5 per cent in the same period of 2007.
5. The total loan portfolio (considering sureties, guarantees and credit cards receivables) grew to R$169.408 billion, 38.5 per cent higher than a year ago. Loans to individuals totaled R$62.226 billion (up 34.3 per cent), while operations with corporate clients totaled R$107.182 billion (up 41.0 per cent).
6. The sum of funds raised and managed was R$506.805 billion, an increase of 24.5 per cent from the R$406.970 billion in March 2007.
7. Shareholders' Equity was R$32.909 billion in the first quarter of 2008, an increase of 26.4 per cent versus 1Q07. The Capital Adequacy Ratio stood at 13.9 per cent.
8. Remuneration to shareholders in the period in the form of interest on shareholders' capital paid and provisioned totaled R$740 million, equivalent to 35.2 per cent of Net Income of the same quarter.
9. The Efficiency Ratio in 12 months stood at 41.7 per cent, an improvement compared to the 42.1 per cent in March 2007.
10. In the 1Q08, investments in infrastructure, information technology and telecommunications amounted to R$573 million, up 20.6 per cent million in relation to the 1Q07.
11. Taxes and contributions, including social security, paid or provisioned in the period, stemming from the main activities developed by Bradesco Organization, totaled R$1.697 billion, equivalent to 80.7 per cent of Net Income.
12. Bradesco has Brazil's largest private customer service network, with 3,169 branches, 26,735 ATMs in the Bradesco Dia&Noite (Day&Night) Network, 4,221 ATMs in the Banco24Horas (24HourBank) Network, 12,381 Bradesco Expresso outlets, 5,851
Postal Bank branches, 2,825 corporate site branches and 357 branches of Finasa Promotora de Vendas.
13. On January 21, Grupo Bradesco de Seguros e Previdencia, through Bradesco Seguros S.A., entered into a "Quotas Assignment Agreement" with Marsh Corretora de Seguros Ltda., with a view to acquiring control of Mediservice - Administradora de Planos de Saude Ltda. The transaction represents an important strategic step that will allow for expanding the client base with scale gains.
14. On March 6, Banco Bradesco BBI S.A. entered with the shareholders of Agora Corretora de Titulos e Valores Mobiliarios S.A., into a "Private Instrument of Commitment of Merger of Shares and Other Covenants", aiming at the acquisition of its total capital. Agora Corretora is Brazil's largest brokerage firm in online purchase and sale transactions of shares to individuals (home broker), with around 29 thousand active clients. The operation is subject to the approval by the respective government agencies and to the due diligence results.
15. On March 27, Brazil's Central Bank (BACEN) approved: (i) the increase in the Capital Stock in the amount of R$1,200,000,000.00, from R$19,000,000,000.00 to R$20,200,000,000.00, through the subscription of new shares introduced at the Special Shareholders' Meeting held on January 4, 2008 and ratified at the Special Shareholders' Meeting held on March 24, 2008; and (ii) an increase in the capital stock in the amount of R$2,800,000,000.00, from R$20,200,000,000.00 to R$23,000,000,000.00, with a 50 per cent stock bonus (1 new share for each 2 shares held of the same type), through the capitalization of part of the balance in the "Profit Reserve - Statutory Reserve" account, as resolved at the Special Shareholders' Meeting held on March 24, 2008.
16. Bradesco is the Brazilian bank with the best placement in the ranking of the world's 2 thousand largest companies, ranking 85th, according to Forbes, one of the most respected international economy, finances and businesses magazines.
17. Regarding Social Responsibility, for more than 50 years, Fundacao Bradesco has been dedicated to educating low-income children, adolescents and adults. Since its creation, the foundation has provided free and high-quality education to some 2 million students, with this figure rising to 2.5 million once the distance-learning programs are included. With an estimated budget of R$220.069 million, this year Fundacao Bradesco will be able to provide assistance on more than 411,000 occasions in the many segments in which it operates.
Among the people assisted, 110,415 students will have free high- quality education.
(*) Excludes the mark-to-market effect of Available-for-Sale Securities recorded in Shareholders' Equity
SOURCE: Banco Bradesco S/A
CONTACT: Jean Philippe Leroy, +55-11-2178-6229,
4823.jean@bradesco.com.br,
or Ivani Benazzi de Andrade, +55-11-2178-6218,
4823.ivani@bradesco.com.br,
both of Banco Bradesco
Web site: http://www.bradesco.com.br/ir
1. Net Income in the 1Q08 stood at R$2.102 billion (up 23.3 per cent in relation to the net income of R$1.705 billion in the same quarter of 2007), corresponding to EPS of R$0.68 and return of 32.0 per cent on Average Shareholders' Equity*.
2. Net Income comprised R$1.356 billion from financial activities, which accounted for 65 per cent of the total, and R$746 million from insurance, private pension plan and certificated savings plan activities, which accounted for 35 per cent of Net Income.
3. Market capitalization grew by 12.1 per cent compared to the 1Q07, reaching R$93.631 billion in March 2008 (R$104.959 billion on April 25, 2008).
4. The balance of total assets in March 2008 stood at R$355.517 billion, an increase of 26.1 per cent in relation to March 2007. Annualized return on average total assets was 2.4 per cent, versus 2.5 per cent in the same period of 2007.
5. The total loan portfolio (considering sureties, guarantees and credit cards receivables) grew to R$169.408 billion, 38.5 per cent higher than a year ago. Loans to individuals totaled R$62.226 billion (up 34.3 per cent), while operations with corporate clients totaled R$107.182 billion (up 41.0 per cent).
6. The sum of funds raised and managed was R$506.805 billion, an increase of 24.5 per cent from the R$406.970 billion in March 2007.
7. Shareholders' Equity was R$32.909 billion in the first quarter of 2008, an increase of 26.4 per cent versus 1Q07. The Capital Adequacy Ratio stood at 13.9 per cent.
8. Remuneration to shareholders in the period in the form of interest on shareholders' capital paid and provisioned totaled R$740 million, equivalent to 35.2 per cent of Net Income of the same quarter.
9. The Efficiency Ratio in 12 months stood at 41.7 per cent, an improvement compared to the 42.1 per cent in March 2007.
10. In the 1Q08, investments in infrastructure, information technology and telecommunications amounted to R$573 million, up 20.6 per cent million in relation to the 1Q07.
11. Taxes and contributions, including social security, paid or provisioned in the period, stemming from the main activities developed by Bradesco Organization, totaled R$1.697 billion, equivalent to 80.7 per cent of Net Income.
12. Bradesco has Brazil's largest private customer service network, with 3,169 branches, 26,735 ATMs in the Bradesco Dia&Noite (Day&Night) Network, 4,221 ATMs in the Banco24Horas (24HourBank) Network, 12,381 Bradesco Expresso outlets, 5,851
Postal Bank branches, 2,825 corporate site branches and 357 branches of Finasa Promotora de Vendas.
13. On January 21, Grupo Bradesco de Seguros e Previdencia, through Bradesco Seguros S.A., entered into a "Quotas Assignment Agreement" with Marsh Corretora de Seguros Ltda., with a view to acquiring control of Mediservice - Administradora de Planos de Saude Ltda. The transaction represents an important strategic step that will allow for expanding the client base with scale gains.
14. On March 6, Banco Bradesco BBI S.A. entered with the shareholders of Agora Corretora de Titulos e Valores Mobiliarios S.A., into a "Private Instrument of Commitment of Merger of Shares and Other Covenants", aiming at the acquisition of its total capital. Agora Corretora is Brazil's largest brokerage firm in online purchase and sale transactions of shares to individuals (home broker), with around 29 thousand active clients. The operation is subject to the approval by the respective government agencies and to the due diligence results.
15. On March 27, Brazil's Central Bank (BACEN) approved: (i) the increase in the Capital Stock in the amount of R$1,200,000,000.00, from R$19,000,000,000.00 to R$20,200,000,000.00, through the subscription of new shares introduced at the Special Shareholders' Meeting held on January 4, 2008 and ratified at the Special Shareholders' Meeting held on March 24, 2008; and (ii) an increase in the capital stock in the amount of R$2,800,000,000.00, from R$20,200,000,000.00 to R$23,000,000,000.00, with a 50 per cent stock bonus (1 new share for each 2 shares held of the same type), through the capitalization of part of the balance in the "Profit Reserve - Statutory Reserve" account, as resolved at the Special Shareholders' Meeting held on March 24, 2008.
16. Bradesco is the Brazilian bank with the best placement in the ranking of the world's 2 thousand largest companies, ranking 85th, according to Forbes, one of the most respected international economy, finances and businesses magazines.
17. Regarding Social Responsibility, for more than 50 years, Fundacao Bradesco has been dedicated to educating low-income children, adolescents and adults. Since its creation, the foundation has provided free and high-quality education to some 2 million students, with this figure rising to 2.5 million once the distance-learning programs are included. With an estimated budget of R$220.069 million, this year Fundacao Bradesco will be able to provide assistance on more than 411,000 occasions in the many segments in which it operates.
Among the people assisted, 110,415 students will have free high- quality education.
(*) Excludes the mark-to-market effect of Available-for-Sale Securities recorded in Shareholders' Equity
SOURCE: Banco Bradesco S/A
CONTACT: Jean Philippe Leroy, +55-11-2178-6229,
4823.jean@bradesco.com.br,
or Ivani Benazzi de Andrade, +55-11-2178-6218,
4823.ivani@bradesco.com.br,
both of Banco Bradesco
Web site: http://www.bradesco.com.br/ir
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