MEDIA RELEASE PR40611
Banco Bradesco Announces Q2 and Half Year Highlights
SAO PAULO, July 29 /PRNewswire-AsiaNet/ --
The main figures obtained by Bradesco in the first half of 2010 are presented
below:
1. Adjusted Net Income(1) in the period of R$4.602 billion (up 16.4% from
R$3.952 billion in the first half of 2009), corresponding to R$2.19
per share in the last 12 months and Return on Average Equity(2) of
22.8%.
2. Adjusted Net Income was composed of R$3.198 billion from financial
activities, which represented 69% of the total, and R$1.404 billion
from insurance, private pension and savings bond activities, which
accounted for 31% of the total.
3. On June 30, 2010, Bradesco's market capitalization stood at R$87.9
billion(3), while the price of preferred shares rose by 10.3%(4) in
the last 12 months.
4. Total Assets stood at R$558.100 billion in June 2010, an increase of
15.7% from the balance in the same period of 2009, while Return on
Average Assets was 1.7%.
5. The Total Loan Portfolio(5) stood at R$244.788 billion in June 2010,
up 15.0% from the same period in 2009. Operations with individuals
totaled R$89.648 billion (up 20.7%), while operations with corporate
clients totaled R$155.141 billion (up 12.0%).
6. Total Funding and Assets under Management stood at R$767.962 billion,
an increase of 18.6% from June 2009.
7. Shareholders' Equity was R$44.295 billion in June 2010, up 18.8% from
a year earlier. Meanwhile, the Capital Adequacy Ratio (Basel II) stood
at 15.9%, of which 13.9% under Tier I Capital.
8. In the first half of 2010, R$3.290 billion in Interest on
Shareholders' Equity and Dividends was paid to shareholders and
provisioned, of which R$1.538 billion was related to the net income in
the period (R$792 million as monthly and interim dividends and R$746
million provisioned) and R$1.752 billion was related to fiscal year
2009 (R$43 million paid on January 4, 2010 and an additional payment
of R$1.709 billion made on March 9, 2010).
9. The Efficiency Ratio(6) stood at 42.0% in June 2010 (41.5% in June
2009).
10. Insurance Premiums Written, Social Security Contributions and
Savings Bond Revenue reached a combined total of R$14.359 billion in
the first six months of 2010. Technical provisions stood at R$79.308
billion, representing 31.4% of Brazil's insurance industry (period:
May 2010). Bradesco's Insurance Group serves nearly 34 million
clients, participants and insured individuals.
11. Investments in infrastructure, information technology and
telecommunications amounted to R$1.707 billion in the first half of
2010, up 5.6% from the same period of 2009.
12. In the first six months of 2010, taxes and contributions, including
social security, paid or provisioned, amounted to R$7.087 billion, of
which R$3.203 billion corresponded to taxes withheld and collected
from third parties, and R$3.884 billion to taxes levied on the
activities of Bradesco Organization in the first half of 2010,
equivalent to 84.4% of Adjusted Net Income.
13. Banco Bradesco has an extensive customer service network throughout
Brazil, with 6,283 Branches, PAB mini-branches and PAAs (3,476
Branches, 1,215 PABs and 1,592 PAAs). Customers can also use 1,565
PAEs, 31,387 ATMs in the Bradesco Dia&Noite (Day&Night) network,
23,190 Bradesco Expresso service points, 6,177 Banco Postal branches
and 8,379 ATMs in the Banco24Horas network.
14. In the first half of 2010, salaries plus payroll charges and benefits
totaled R$3.682 billion. Benefits provided to the 89,204 employees of
Bradesco Organization and their dependents amounted to R$841.433
million, while investments in training and development programs
totaled R$37.825 million.
15. In April 2010, Bradesco and Banco do Brasil signed a Memorandum of
Understanding to enter into a partnership to manage a Brazilian brand
of credit, debt and prepaid cards for both account holders and
customers without accounts at the Bank, called "Elo," which will,
among other activities, also create new business opportunities for
private-label cards.
16. In June 2010, Bradesco completed the acquisition of controlling
interest in Ibi Services S. de R.L. Mexico (Ibi Mexico) and RFS Human
Management S. de R.L., Ibi Mexico's subsidiary, for approximately
R$297 million. The transaction comprises a 20-year partnership with
C&A Mexico S. de R.L. (C&A Mexico).
17. In July 2010, Bradesco concluded the acquisition of 2.09% of capital
in Cielo S.A. for R$431.7 million, and 10.67% of the capital in
Companhia Brasileira de Solucoes e Servicos - CBSS for R$141.4
million.
18. Main Awards and Recognitions in the second quarter of 2010:
-- Bradesco was the first financial institution to win the "Modern
Consumer Award of Excellence in Customer Service", in three
categories: Retail Bank, Premium Bank and Credit Cards (Consumidor
Moderno magazine / GKF);
-- Grupo Bradesco de Seguros e Previdencia was the highlight in the
7th edition of the "Premio Segurador Brasil" (Brazilian Insurer
Award), receiving recognition in seven categories (Editora Brasil
Noticias);
-- Bradesco is the largest private Brazilian group among the 100
largest companies on the planet (Ranking - Forbes 2000);
-- Bradesco is the private company and financial institution with the
most valuable brand in Brazil, which was appraised at R$14.9
billion, based on a study conducted by the specialized consulting
firm BrandAnalytics/Millward Brown (IstoE Dinheiro magazine).
-- Bradesco is the best stock fund manager according to a survey
conducted by Standard & Poor's (ValorInveste magazine); and
-- The 2008 Bradesco Sustainability Report was the winner of the GRI
Reader's Choice Awards 2010 in the Most Effective Report Category
(Global Reporting Initiative).
19. On the sustainability front, Bradesco divides its actions into three
pillars: (i) Sustainable Finances, with a focus on banking inclusion,
social and environmental variables for loan approvals and offering
social and environmental products; (ii) Responsible Management,
focused on valuing professionals, improving the workplace and adopting
eco-efficient practices; and (iii) Social and Environmental
Investments, focusing on education, the environment, culture and
sports. The highlight in this area is Fundacao Bradesco, which for 53
years has been developing a broad social and educational program that
operates 40 schools across Brazil. In 2010, a R$268.010 million budget
will provide over 660 thousand service events, of which 112 thousand
were provided to students in its own schools. In addition, the more
than 50 thousand basic education students also receive, at no charge,
uniforms, school supplies, meals and health and dental assistance.
Over 550 thousand students will be served through the Virtual School,
its elearning portal, through the Digital Inclusion Centers (CIDs) and
through programs conducted under strategic partnerships, like
Educa+Acao.
(1) According to the non-recurring events described on page 8 of the
Report on Economic and Financial Analysis; (2) Excludes the effects from
asset valuation adjustments registered under Shareholders' Equity; (3) R$96.1
billion based on the total number of shares (less treasury shares) x closing
quote for the preferred shares on last day in the period (most liquid share);
(4) Considering the reinvestment of dividends/interest on equity; and (5)
Includes Sureties and Guarantees, prepayment of credit card receivables and
loan assignment (FIDC and CRI); and (6) Last 12 months.
Bloomberg: BBDE < GO >
Contact: Mrs. Ivani Benazzi de Andrade, phone: (55 11) 2178-6218 or Mr. Carlos
Tsuyoshi Yamashita, phone: (55 11) 2178-6204.
SOURCE: Banco Bradesco S.A.
CONTACT: Mrs. Ivani Benazzi de Andrade,
phone: +55-11-2178-6218
or Mr. Carlos Tsuyoshi Yamashita,
phone: +55-11-2178-6204
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