Banco Bradesco S.A. Announces First Quarter 2009 Earnings Results
SAO PAULO, May 5 /PRNewswire-AsiaNet/ --
Banco Bradesco S.A. (NYSE: BBD) announces 1st Quarter 2009 Earnings Results.
The main figures obtained by Bradesco in 1Q09 are presented below:
1. Net income for 1Q09 totaled R$1.723 billion (a -9.6% variation relative
to the adjusted net income of R$1.907 billion in 1Q08), corresponding to EPS
of R$2.42 (accumulated over 12 months) and a 21.0% return on Average
Shareholders' Equity(1).
2. Net income comprised R$1.073 billion from financial activities, which
represented 62% of the total, and R$650 million from Insurance and Private
Pension Plan activities, which accounted for 38% of total Net Income.
3. Market capitalization as of April 30, 2009 stood at R$76.389 billion.
4. Total Assets reached R$482.141 billion in March 2009, an increase of 35.6%
in relation to the same period in 2008. Annualized return on average Assets
reached 1.5%, vis-a-vis 2.2% in the same period of last year.
5. The Expanded Loan Portfolio(2) stood at R$214.291 billion, 26.5% higher
on a y-o-y analysis. Loans to individuals totaled R$73.630 billion (up by 18.3%),
while loans to corporations totaled R$140.661 billion (up by 31.2%).
6. Assets under Management reached R$640.347 billion, an increase of 26.7%
vis-a-vis the R$505.365 billion of March 2008.
7. Shareholders' Equity stood at R$35.306 billion in March 2009, a 7.3%
y-o-y growth. The Capital Adequacy Ratio (Basel II) stood at 16.0% in 1Q09, 13.2%
of which are Tier I Capital.
8. Remuneration to shareholders in the form of Interest on Shareholders'
Capital and Dividends paid and provisioned in 1Q09 amounted to
R$2.528 billion, R$ 647 million of which related to the income generated in the
quarter, equivalent to 37.6%, and R$1.881 billion related to the fiscal
period of 2008.
9. The Efficiency Ratio in March 2009 stood at 41.5% (41.7% in March
2008).
10. In the quarter, investments in infrastructure, information technology
and telecommunications amounted to R$793 million, up by 43.9% y-o-y.
11. In the period, taxes and contributions, including social security, paid
or provisioned, totaled R$3.159 billion, R$1.686 billion of which stemmed
from main activities developed by the Bradesco Organization, equivalent to 97.85%
of the Net Income and R$1.473 billion related, mainly, to financial
intermediation taxes withheld and paid by third parties.
12. Bradesco has a comprehensive distribution network, with 4,559 Branches
(3,375 branches + 1,184 mini-branches(PABs)), 29,764 ATMs in the Bradesco
Dia&Noite (Day&Night) Network, 16,710 Bradesco Expresso outlets, 5,959 Banco
Postal (Postal Bank) Branches, 2,695 Electronic Service Branches and 152
branches of Finasa Promotora de Vendas. 5,679 ATMs in the Banco24Horas
(24HourBank) Network are also available to Bradesco clients.
13. Awards and Acknowledgements received in 1Q09:
- The highest profitability in the private sector of U.S. and Latin
America (Consultoria Economatica);
- Most valuable brand of the banking sector in Latin America and 12th
worldwide (Brand Finance/The Banker);
- 5th world's most valuable brand among retail banks (The Banker);
- Best Private Banking in Brazil for the second consecutive year
(Euromoney);
- The most liquid bank in Latin America (Global Finance);
- Sustainability International Award (Golden Peacock Global Award for
Corporate Social Responsibility 2009);
- The leader in the Insurance Market in 2008 (Insurance Brokers Union of
São Paulo (Sincor-SP)/Valor Economico);
- The largest private agent of the National Bank for Economic and Social
Development (BNDES) in 2008 (Gazeta Mercantil); and
- Banco Bradesco and BMC - the leaders in payroll deductible loans for the
Social Security National Institute (INSS) benefit recipients (Ministry of Social
Security).
14. Socially, aiming at contributing to a better education in Brazil,
Bradesco has been developing for over 52 years a broad social and educational
program through Fundacao Bradesco, maintaining 40 schools mainly located in
regions of acute socio-economic poverty throughout all Brazilian states and
Brasilia, the Federal District. In 2009, with a budget estimated at R$231.343
million, Fundacao Bradesco will be able to service over 642 thousand people in
the various segments of operation. Among these services, 111,762(3) students
will receive free-of-charge quality education.
(1) Excluding the assets valuation adjustment recorded in Shareholders'
Equity;
(2) Considering Sureties, Guarantees, credit cards receivables (cash
purchases and credit purchases from storeowners) and loan assignment
(Receivables Securitization Funds - FIDC); and
(3) Forecast.
Contact:
Jean Philippe Leroy
4823.jean@bradesco.com.br
Ivani Benazzi de Andrade
4823.ivani@bradesco.com.br
+5511 2178-6229 / +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,
+011-5511-2178-6229
or +011-5511-2178-6218,
both of Banco Bradesco
(BBD)
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