MEDIA RELEASE PR38082
Banco Bradesco S.A. - 2009 Earnings Results
SAO PAULO, Jan. 28 /PRNewswire-AsiaNet/ --
The main figures obtained by Bradesco in fiscal year 2009 are presented below:
1. Net Income in 2009 was R$8.012 billion (an increase of 5.1% from R$7.625
billion in 2008), corresponding to earnings per share of R$2.34 and Return on Average
Shareholders' Equity(1) of 21.4%.
2. Net Income was comprised of R$5.289 billion from financial activities, which
represented 66% of the total, and R$2.723 billion from insurance, private pension and
savings bond operations, which accounted for 34% of the total.
3. Bradesco's market capitalization stood at R$103.192 billion on December 31,
2009, with the preferred shares gaining 65.5%(2) during 2009.
4. Total Assets stood at R$506.223 billion at year-end 2009, an increase of 11.4%
from the ending balance in 2008. Return on average assets was 1.7% in the year,
compared with 1.9% in 2008.
5. The Total Loan Portfolio(3) stood at R$228.078 billion in December 2009, up by
6.8% from the ending balance in 2008. Operations with individuals totaled R$82.085
billion (up 11.5%), while operations with companies totaled R$145.993 billion (up
4.3%).
6. Total Assets under Management stood at R$702.065 billion, an increase of 17.5%
from year-end 2008.
7. Shareholders' Equity was R$41.754 billion in December 2009, increasing by
21.9% from year-end 2008. The Capital Adequacy Ratio (Basel II) stood at 17.8% in
December 2009, 14.8% of which under Tier I Capital.
8. In 2009, Interest on Equity and Dividends in the amount of R$4.599 billion
were paid and provisioned in fiscal year 2009, of which R$2.718 billion was related
to income generated in the period and R$1.881 billion to income from fiscal year
2008.
9. The Efficiency Ratio(4) stood at 41.0% in December 2009 (43.3% in December
2008).
10. Investments in infrastructure, technology and telecommunications amounted to
R$3.457 billion, up 29.5% in relation to 2008.
11. Taxes and contributions, including social security, paid or provisioned,
calculated based on the main activities of Bradesco Organization in 2009, amounted to
R$7.743 billion, equivalent to 96.6% of Net Income. Financial intermediation taxes
withheld and paid by the Organization amounted to R$5.802 billion.
12. Banco Bradesco has an extensive distribution network in Brazil, with 6,015
Branches, PAB mini-branches and PAAs (3,454 Branches, 1,190 PABs and 1,371 PAAs).
Customers can also make use of the 1,551 PAEs, 30,657 ATMs in the Bradesco Dia&Noite
(Day&Night) network, 20,200 Bradesco Expresso service points, 6,067 Banco Postal
(Postal Bank) branches, 55 branches of Bradesco Financiamentos and 7,300 ATMs in the
Banco24Horas (24HourBank) network.
13. In 2009, employee payroll plus charges and benefits totaled R$6.835 billion.
Social benefits provided to the 85,548 employees of the Bradesco Organization(5) and
their dependents amounted to R$1.570 billion, while investments in training and
development programs totaled R$86.784 million.
14. In October 2009, a Special Shareholders' Meeting was held for the merger of
stock in Banco Ibi, transforming it into a wholly owned subsidiary.
15. In December 2009, a merger was made of stock in Bradesco Dental, making it a
wholly owned subsidiary of Odontoprev S.A. As a result of the transaction, Bradesco
Saude, the controlling shareholder of Bradesco Dental, now holds a 43.5% interest in
Odontoprev S.A. The partnership between the two companies should lead to the capture
of scale gains resulting from the combination of the best practices in managing
claims and in particular from consolidation of the two sales platforms.
16. In November 2009, Bradesco achieved 100% geographic inclusion in Brazil, with
a "Presence" in all of the country's 5,564 municipalities.
17. In December 2009, the Central Bank of Brazil approved a R$2.0 billion
increase in Bradesco's capital, which went from R$24.5 billion to R$26.5 billion,
accompanied by a 10% stock bonus. Since the monthly amount paid per share will be
maintained, shareholders will receive a 10% increase in the monthly remuneration.
18. In December 2009, Bradesco inaugurated the world's first floating bank
branch, which was installed on a vessel that travels a route on the Solimoes River in
the state of Amazonas, and serves a population of 210 thousand.
19. Main Awards and Recognitions received in the fourth quarter of 2009:
-- According to a study published by the consulting firm Economatica,
Bradesco was the most profitable bank in Latin America and the United
States (based on ROA in 9M09);
-- Bradesco ranks among the exclusive group of the 12 best companies to
work for in Brazil (Great Place to Work / O Estado de S. Paulo
newspaper);
-- Bradesco is the best bank in people management, according to the annual
survey As Melhores na Gestao de Pessoas (sponsored by Valor
Carreira/Valor Economico);
-- Grupo Bradesco Seguros e Previdencia was the leader among
Ibero-American insurance companies in terms of total insurance premiums
in Latin America, according to the Mapfre Foundation; and
-- Bradesco received the 2009 Epoca Climate Change Award for being a
leader in the monitoring and reduction of the environmental impacts
caused by its activities (Epoca magazine).
20. Bradesco's sustainability actions are divided 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,
focused 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 2009, Fundacao provided services over 430 thousand times in its various
operating segments: School Network, Virtual School, e-learning portal and Digital
Inclusion Centers (CIDs). The roughly 50 thousand students enrolled in basic
education also receive, at no charge, uniforms, school materials, food and medical
and dental care.
21. In January 2010, Bradesco signed a Memorandum of Understanding with the
controlling shareholders of Ibi Services S. de R. L. Mexico (Ibi Mexico) and RFS
Human Management S. de R. L. for the purpose of acquiring 100% of its capital stock,
and in parallel entered into a Partnership Agreement with C&A Mexico S. de R.L. (C&A
Mexico) to jointly sell, on an exclusive basis and for a period of 20 years,
financial products and services through the stores of the C&A Mexico chain. The
transactions are subject to final approval by the respective authorities in Brazil
and Mexico.
(1) Excludes the asset valuation adjustments recorded under Shareholders' Equity;
(2) Adjusted by dividends/interest on equity received/declared; (3) Includes Sureties
and Guarantees, advances of credit cards receivables and loan assignments
(receivables-backed investment funds and mortgage-backed receivables); (4) Last 12
months; and (5) Considers 476 employees from Banco Ibi.
The Quarterly Report and the Supplementary Information can be found on Bradesco's
SOURCE: Banco Bradesco S.A.
CONTACT: Ivani Benazzi de Andrade,
+55-11-2178-6218, 4823.ivani@bradesco.com.br, or
Carlos Tsuyoshi Yamashita,
+55-11-2178-6204, 4823.carlos@bradesco.com.br,
both of Banco Bradesco
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