SAO PAULO, Feb. 2, 2017 /PRNewswire/ -- The main figures
reported by Bradesco(BBDC4) in 2016, with emphasis on the
consolidation, from July 1, 2016, of
HSBC Bank Brasil S.A. and its subsidiaries (HSBC Brasil):
1. Adjusted Net Income(1) for 2016 stood at R$17.121 billion (a 4.2% decrease compared to the
Adjusted Net Income of R$17.873
billion recorded in 2015), corresponding to earnings per
share of R$3.09 and Return on Average
Adjusted Shareholders' Equity(2) of 17.6%(2).
2. As for the source, the Adjusted Net Income is composed of
R$11.570 billion from financial
activities, representing 67.6% of the total, and of R$5.551 billion from insurance, pension plans and
capitalization bond operations, which together account for
32.4%.
3. In December 2016, Bradesco's
market capitalization stood at R$160.813
billion(3), showing a growth of 60.7% over December 2015.
4. Total Assets, in December 2016,
stood at R$1.294 trillion, an
increase of 19.8% over the December
2015 balance. The return on Average Assets was 1.5%.
5. In December 2016, the Expanded
Loan Portfolio(4) reached R$514.990
billion, an increase of 8.6% over December 2015. Operations with individuals
totaled R$172.045 billion (an
increase of 16.4% over December
2015), while operations with companies totaled R$342.945 billion (a 5.1% increase over
December 2015).
6. Assets under Management stood at R$1.905 trillion, a 26.1% increase over
December 2015.
7. Shareholders' Equity totaled R$100.442
billion in December 2016,
13.0% higher than in December 2015.
The Basel III Ratio, based on the Prudential Conglomerate stood at
15.4% in December 2016, 12.0% of
which is Tier I Capital.
8. A total of R$6.976 billion was
paid and provisioned to shareholders as Interest on Shareholders'
Equity for the profit generated in 2016, of which R$2.168 billion was paid monthly and in interim
periods, and R$4.808 billion was
provisioned as extraordinary and complementary, to be paid on
March 8, 2017.
9. The Interest-earning portion of the NII stood at R$63.059 billion, an increase of 15.1% compared
with 2015.
10. The 90-day Delinquency Ratio was 5.5% in December 2016 (4.1% in December 2015).
11. The Operating Efficiency Ratio (ER)(5) in December 2016 was 39.5% (37.5% in December 2015), while the "risk-adjusted"
efficiency ratio stood at 52.2% (46.5% in December 2015).
12. Insurance Written Premiums, Pension Plan Contributions and
Capitalization Bond Incomes totaled R$71.419
billion in 2016, up 10.5% when compared with 2015. Technical
provisions stood at R$223.342
billion, an increase of 25.6% compared with the balance in
December 2015.
13. Investments in infrastructure, information technology and
telecommunications amounted to R$6.595
billion in 2016, up 15.3% over 2015.
14. Taxes and contributions paid or provisioned, including
social security, totaled R$32.202
billion in 2016, of which R$13.782
billion was related to taxes withheld and collected from
third parties, and R$18.420 billion,
was calculated based on activities developed by the Bradesco
Organization, equivalent to 107.6% of the Adjusted Net
Income(1).
15. Bradesco has an extensive Customer Service Network in
Brazil, with 5,314 Branches and
3,821 Customer Service Points (PAs). Customers of Bradesco can also
count on 1,013 ATMs located on company premises (PAEs), 38,430
Bradesco Expresso customer service points, 36,119 Bradesco ATMs,
and 19,991 Banco24Horas Network ATMs.
16. Payroll, plus charges and benefits totaled R$15.540 billion in 2016. Social benefits
provided to all 108,793 employees of the Bradesco Organization and
their dependents amounted to R$3.792
billion, while investments in education, training and
development programs totaled R$175.583
million.
Major Awards and Acknowledgments in the period:
- Brazil's largest
private-sector business group (Anuário Grandes Grupos/ Valor
Economico newspaper);
- It was the Latin American bank that increased the most in
assets in 12 months (in US dollars) – from October 2015 to September
2016, a 38.09% increase (Economatica);
- It was the leader in "Market Capitalization" growth among all
financial institutions listed on the Stock Exchange (Economatica /
Exame);
- It was the winner of the 18th Abrasca award with the "Best
Annual Report", in the "Public Company" category – companies with
net revenues equal to or greater than R$3
billion";
- It was the leader of the "Folha Top of Mind' survey, in the
"Top Finances" category, as one of the most remembered brands in
savings, health insurance, insurance, and credit cards
(Datafolha);
- It featured in the "The Best in Personnel Management" survey
(Valor Economico newspaper with technical support from Aon);
- It was the leader of the financial sector list in the "The Best
Companies for the Consumer" award, in the categories "Banks, Banks
and Financial Services – Cards and Insurance" (Epoca
magazine);
- Bradesco Corretora led the ranking with the "Top 10"
recommended portfolio, which ensured greater profitability to
investors, from January to September
2016, and also achieved best return in 2016, in the "Value
Portfolio" category (Valor Economico newspaper);
- BRAM was recognized in 23 investment funds managed as excellent
in the "Best Funds for Institutional Investors" ranking (Luz
Engenharia Financeira); and
- BRAM achieved first place in the "Leadership in ALAS 20's
Responsible Investments" category, it was second place in the
"Leadership in Corporate Governance" category, and won third place
in "Leadership in Research and Sustainability".
Bradesco Organization is fully committed to the socio-economic
development of the country. We set our business guidelines and
strategies with a view of incorporating the best corporate
sustainability practices, considering the context and the potential
of each region, thus contributing to the generation of shared value
in the long term. To reinforce this positioning, we highlight the
adherence to corporate initiatives recognized worldwide, such as
the Global Compact, the Equator Principles, Carbon Disclosure
Project (CDP), Principles for Responsible Investment (PRI), GHG
Protocol Program (Brazilian Greenhouse Gas Emission Program) and
Empresas pelo Clima (EPC - Businesses for the Climate
Platform). Our governance structure includes the Sustainability
Committee, responsible for advising the Board of Directors on
establishing guidelines and corporate actions for this area, and
with the multi-departmental Committee responsible for coordinating
the strategy's implementation. Excellence in business management is
recognized by the main indexes of Sustainability, such as the Dow
Jones Sustainability Index (DJSI) – "Emerging Markets", of the New
York Stock Exchange, the Corporate Sustainability Index (ISE), and
the Carbon Efficient Index (ICO2), both from BM&FBOVESPA.
With a broad social and educational program put in place 60
years ago, Fundacao Bradesco operates 40 schools across
Brazil. In 2016, a budget of
R$595.6 million benefited 108,533
students enrolled in its schools at the following levels: Basic
Education (from Kindergarten to High School and Higher Secondary
Technical-Professional Education), youth and adult education; and
preliminary and continued vocational training, focused on creating
jobs and income. In addition to the guarantee of free, quality
education, the students enrolled in the Basic Education system,
numbering over 41 thousand, also receive uniforms, school supplies,
meals, and medical and dental assistance. With regard to the
distance learning system (EaD), more than 657 thousand students
benefited from it through its e-learning portal "Escola
Virtual" (Virtual School). These students concluded at least
one of the various courses offered in its schedule, and another
31,756 students will benefit from projects and initiatives carried
out in partnership with Centers for Digital Inclusion (CDIs), the
Educa+Acao Program, and from Technology courses.
The Financial Statements can be found on Bradesco's Investor
Relations website at bradesco.com.br/ir.
According to the non-recurring events described on page 8 of
this Economic and Financial Analysis Report; (2) As of the first
quarter of 2016, the annualized profitability has been calculated
on a linear basis, and also, it excludes mark-to-market effect of
Available-for-Sale Securities recorded under Shareholders' Equity;
(3) Number of shares (excluding treasury shares) multiplied by the
closing price for common and preferred shares on the last trading
day of the period; (4) Includes sureties and guarantees, letters of
credit, advances on credit card receivables, co-obligations in loan
assignments (receivables-backed investment funds and
mortgage-backed receivables), co-obligations in rural loan
assignments and operations bearing credit risk – commercial
portfolio, which includes debentures and promissory notes; and (5)
In the last 12 months.
CONTACT: Ivani Benazzi de Andrade
+011-55-11-2194-0924, ivani.andrade@bradesco.com.br or Carlos Tsuyoshi Yamashita, +011-55-11-2194-0920,
carlos.yamashita@bradesco.com.br, both from Banco Bradesco.