MEDIA RELEASE PR35580
Banco Bradesco Announces First Half 2009 Earnings Results
SAO PAULO, Aug. 4 /PRNewswire-AsiaNet/ --
Banco Bradesco S.A. (NYSE: BBD) announces First Half 2009 Earnings
Results.
The main figures obtained by Bradesco in 1H09 are presented below:
1. Net Income for 1H09 totaled R$4.020 billion (a 2.8% variation
relative
to the adjusted net income of R$3,909 billion y-o-y), corresponding to EPS
of
R$2.52 (accumulated over 12 months) and a 23.7% annualized return on
Average
Shareholders' Equity (1).
2. Net income comprised R$2.732 billion from financial activities,
which
represented 68% of the total, and R$1.288 billion from Insurance and
Private
Pension Plan activities, which accounted for 32% of total Net Income.
3. Bradesco's market capitalization as of June 30, 2009 stood at
R$81.301 billion. We highlight that its preferred shares increased by 28.7%
during 1H09.
4. Total Assets reached R$482.478 billion in June 2009, an increase of
19.7% vis-a-vis 2008. Annualized return on average Assets reached 1.7%,
vis-a-vis 2.1% in the same period of last year.
5. The Total Loan Portfolio(2) stood at R$212.768 billion in June 2009,
18.1% higher on a y-o-y analysis. Operations with individuals totaled
R$74.288 billion (up by 13.2%), while loans to corporations totaled
R$138.480 billion (up by 20.9%).
6. Assets under Management reached R$647.574 billion, an increase of
17.6%
vis-a-vis R$550.582 billion of June 2008.
7. Shareholders' Equity stood at R$37.277 billion in June 2009, a 10.6%
y-o-y growth. The Capital Adequacy Ratio (Basel II) stood at 17.0% in June
2009, 14.3% of which being Tier I Capital.
8. In 1H09, shareholders were paid, in the form of Interest on
Shareholders' Capital and Dividends, R$3.253 billion, R$1.372 million of
which
referred to income generated in the period (R$210 million paid monthly and
R$1.162 million provisioned) and R$1.881 billion referred to the year 2008
(monthly payment of R$39 million paid on January 1st, 2009 and
supplementary
payments of R$1.842 billion paid on March 9, 2009).
9. The Efficiency Ratio(3) in June 2009 stood at 42.0% (42.6% in June
2008).
10. In the half-year, investments in infrastructure, IT and
telecommunications amounted to R$1.616 billion, up by 43.4% y-o-y.
11. In the period, taxes and contributions, including social security,
paid or provisioned, calculated based on the main activities developed by
the
Bradesco Organization in 1H09, amounted to R$4.185 billion, equivalent to
104.1% of Net Income. Financial intermediation taxes withheld and paid by
the
Organization amounted to R$2.950 billion.
12. Bradesco has a comprehensive distribution network of 4,598 Branches
(3,406 branches + 1,192 mini-branches-PABs), 30,191 ATMs in the Bradesco
Dia&Noite (Day&Night) Network, 17,699 Bradesco Expresso outlets, 6,011
Banco
Postal (Postal Bank) Branches, 2,788 PAEs and 64 branches of Finasa
Promotora
de Vendas. In addition, 6,239 ATMs in the Banco24Horas (24HourBank) Network
are available to Bradesco clients.
13. In the half-year ended in June 2009, fixed personnel compensation
plus
charges and benefits totaled R$3.285 billion. Social benefits provided to
the
85,871 employees of Bradesco Organization and their dependents stood at
R$719.485 million. Regarding investments in development and training
programs,
expenditures reached R$42.943 million.
14. In June 2009, Banco Bradesco partially sold its participation in
the
Companhia Brasileira de Meios de Pagamento (VisaNet Brasil), in the process
related to the Secondary Public Offering of Common Shares, regarded as
Brazil's biggest ever IPO.
15. In June 2009, Banco Bradesco, entered into a "Private Instrument of
Share Merger and Other Covenants" with controlling shareholders of Banco
ibi
S.A., aiming at the acquisition of all its capital stock and, at the same
time, signed a 20-year Partnership Agreement with C&A Modas Ltda. to
jointly
trade, on an exclusive basis, financial products and services of Bradesco
in
C&A stores. The completion of the operation is subject to the approval by
the
relevant bodies. The amount of operation, nearly R$1.4 billion, will be
paid
upon the delivery of shares issued by Bradesco.
16. Awards and Acknowledgements received in 2Q09:
* Brazilian financial institution best ranked among the world's top 500
largest companies (Fortune Magazine);
* Single Brazilian brand included in the ranking of the world's top 100
most valuable brands and for the 3rd consecutive year, Bradesco is Brazil's
most valuable brand (Millward Brown consulting firm);
* Single bank among Brazil's 25 most leading-edge companies (Epoca
magazine);
* Bradesco is Brazil's leading IT company (INFO Exame magazine);
* Ranked 1st in E-finance 2009 Award (Executivos Financeiros magazine);
* Bradesco Seguros e Previdencia (Insurance Group) was elected
"Brazil's
Best Insurance Company in 2009" (Euromoney magazine);
* For the 2nd consecutive year, Bradesco Seguros e Previdencia was
elected
the Best Insurance Company in South America (World Finance magazine);
* Grupo Bradesco Seguros e Previdencia (Insurance Group) was elected
Brazil's Best Insurance Group and the best company in the Sustainability
and
Social Responsibility category (Fundacao Getulio Vargas); and
* Bradesco Saude earned the Best Health Insurance Company award
(Fundacao
Getulio Vargas).
17. Regarding Sustainability, we have directed Bradesco's actions into
three pillars: (i) Sustainable Finances, aimed at bank inclusion, social
and
environmental variables for loan granting and offer of social and
environmental products; (ii) Responsible Management, with emphasis in
employee
valuation, work environment improvement and eco-efficient practices; and
(iii) Social and Environmental Investments, aimed at education, the
environment, culture and sports. We highlight Fundacao Bradesco, which has
been developing a broad social and educational program for over 52 years,
maintaining 40 schools in Brazil. In 2009, with a budget estimated at
R$231.3 million, Fundacao Bradesco will be able to service over 642
thousand
people, 111 thousand (4) of which are students who will receive free-of-
charge
quality education.
(1) Excluding the assets valuation adjustment recorded in Shareholders'
Equity;
(2) Considering Sureties and Guarantees, advance of credit cards
receivables and loan assignment (Receivables Securitization Funds - FIDC
and
Certificates of Real Estate Receivables - CRI);
(3) Accumulated over 12 months; and
(4) Forecast.
Contact:
Jean Philippe Leroy
4823.jean@bradesco.com.br
Ivani Benazzi de Andrade
4823.ivani@bradesco.com.br
Banco Bradesco S/A
55 11 2178.6201
55 11 2178.6218
SOURCE: Banco Bradesco S.A.
CONTACT: Jean Philippe Leroy,
4823.jean@bradesco.com.br,
or Ivani Benazzi de Andrade,
4823.ivani@bradesco.com.br,
both of Banco Bradesco,
+55-11-2178-6201,
+55-11-2178-6218
(BBD)
NEWS 
