Banco Bradesco Results in the 2nd Quarter of 2018

Stocks and Financial Services Press Releases Tuesday July 31, 2018 08:36
SAO PAULO--31 Jul--PRNewswire/InfoQuest
The main figures obtained by Bradesco (B3: BBDC3, BBDC4; NYSE: BBD and Latibex: XBBDC) are presented below:

1. Recurring Net Income in the 2nd quarter recorded R$5.161 billion (an increase of 1.2% compared to the previous quarter and 9.7% compared to the same quarter of the previous year), representing R$2.98 per share with accrued profitability in the year over Shareholder's Equity of 18.5%.

2. Operating Income in the 2nd quarter recorded R$8.144 billion (an increase of 6.2% compared to the previous quarter and 25.7% compared to the same quarter of the previous year).

3. As for the source, the Recurring Net Income of the quarter is composed of R$3.58 billion from financial activities, representing 69.3% of the total, and of R$1.58 billion from insurance, pension plans and capitalization bonds operations, representing 30.7% of the total.

4. In June 2018, Bradesco's Market capitalization was of R$171.604 billion, presenting an increase of 1.2% compared to the same period of the previous year.
5. Total Assets, in June 2018, recorded a balance of R$1.306 trillion, a growth of 0.2% compared to the last quarter. The return on Average Total Assets was 1.6%.
6. Expanded Loan Portfolio, in June 2018, reached R$515.635 billion, a growth of 6% compared to the previous quarter, emphasizing that all segments presented positive performance in the period.

7. Delinquency over 90 days reached 3.9% in the 2nd quarter, a meaningful performance compared to the previous quarter, it means 0.5 p.p. and 1.0 p.p. compared to the same period of the previous year, allowing relevant reduction on Losses of Credits Provision Expenses: 11.7% in quarterly comparison and 36.1% compared to the same period of the previous year.

8. Fee and Commission Income increased 3.7% compared to the 1st quarter and 8.3% compared to the 2nd quarter of 2017, emphasizing the positive performance in almost all lines of business.

9. Personnel Expenses totaled R$9.756 billion in the first half, a decrease of 0.3% compared to the same period of the previous year and Administrative Expenses totaled R$9.803 billion, a slight increase of 0.5% compared to the first half of 2017.

10. Assets under Management totaled R$2.014 trillion, an increase of 5% compared to June 2017.
11. Shareholders' Equity, in June 2018, totaled R$113.039 billion, a growth of 5.8% compared to June 2017.
Complete Financial Statements are available on the Investor Relations website - bradesco.com.br/ir-en.
FURTHER INFORMATION:
Investors Relations Area
Tel.: +55 (11) 2194-0922
e-mail: investors@bradesco.com.br

Latest Press Release

FTSE SET Index Series December 2018 Semi-annual Review

FTSE Russell and The Stock Exchange of Thailand (SET) jointly announce the change of FTSE Large Cap Index as the result of December 2018 semi-annual review for FTSE SET Index Series. Gulf Energy Development PCL (GULF) will be added to the FTSE SET Large...

SET market report for November 2018

The Stock Exchange of Thailand (SET) Index at the end of November dropped 1.6 percent from the previous month and 6.4 percent from end-2017 to 1,641.80 points, falling at a slower pace than most Asian bourses. The average daily trading value of SET and...

Photo Release: EXIM Thailand Holds the Seminar Trade and Invest without Riskswith Financial Tools

Dr. Nongnuch Laomaneerattanaporn (second right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Preeyanuth Thiantravan (third right), Managing Director of Thai Mee Co., Ltd., in the seminar "Trade and...

Fitch Assigns Minor International#s USD Guaranteed Securities Final #BBB+# Rating

Fitch Ratings has assigned Minor International Public Company Limited's (MINT) USD300 million guaranteed senior perpetual capital securities a final rating of 'BBB+'. The final rating is in line with the expected rating assigned on 23 November 2018 and...

Photo Release: KResearch forecasts 2019 Thai GDP to grow 4%

Recently, at Phahon Yothin Building, Dr. Charl Kengchon, KResearch Managing Director, led his team to deliver a press conference on the Thai economy for 2019 which is projected to grow 4 percent. Brighter growth is expected in online retail trade,...

Related Topics