BANCO BRADESCO SA ADS (BBD) 20.68 -$0.20 (-0.96%) 05:06AM (15 mins delay)

SAO PAULO, May 4 /PRNewswire-FirstCall/ -- 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