SAO PAULO, April 27, 2017 /PRNewswire/ -- The main figures
reported by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) in
the first quarter of 2017, 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 the first quarter of 2017
stood at R$4.648 billion (a 13.0%
increase compared to the Adjusted Net Income of R$4.113 billion recorded in the first quarter of
2016), corresponding to earnings per share of R$3.19 and return on Average Adjusted
Shareholders' Equity (2) of 18.3% (2).
2. As for the source, the Adjusted Net Income is composed of
R$3.274 billion from financial
activities, representing 70.4% of the total, and of R$1.374 billion from insurance, pension plans and
capitalization bond operations, which together account for
29.6%.
3. In March 2017, Bradesco's
market capitalization stood at R$178.208
billion (3), showing a growth of 24.0% over
March 2016.
4. Total Assets, in March 2017,
stood at R$1.294 trillion, an
increase of 17.5% over the March 2016
balance. The return on Average Total Assets was 1.4%.
5. In March 2017, the Expanded
Loan Portfolio (4) reached R$502.714 billion, an increase of 8.5% over
March 2016. Operations with
individuals totaled R$171.820 billion
(an increase of 16.3% over March
2016), while operations with companies totaled R$330.894 billion (a 4.9% increase over
March 2016).
6. Assets under Management stood at R$1.944 trillion, a 22.3% increase over
March 2016.
7. Shareholders' Equity totaled R$104.558
billion in March 2017, 12.0%
higher than in March 2016. The Basel
III Ratio, based on the Prudential Conglomerate stood at 15.3%,
12.0% of which is Tier I Capital.
8. The sum of R$1,845 billion was
paid and provisioned to shareholders as Interest on Shareholders'
Equity for the profit generated in the first quarter of 2017,
R$300.551 million of which were paid
in the form of monthly installments, and R$1.544 billion were provisioned.
9. The Interest-Earning Portion reached R$15.900 billion in the first quarter of 2017,
exhibiting growth of 7.9% compared to the first quarter of
2016.
10. The 90-day Delinquency Ratio stood at 5.6% in March 2017, being reduced to 5.2% disregarding a
specific corporate client that was already fully provisioned (5.5%
in December 2016 and 4.2% in
March 2016).
11. The Efficiency Ratio (ER) (5) in March 2017 was 40.8% (37.2% in March 2016), while the "risk-adjusted" efficiency
ratio stood at 53.1% (47.1% in March
2016).
12. Insurance Written Premiums, Pension Plan Contributions and
Capitalization Bond Income totaled R$17.948
billion in the first quarter of 2017, up 18.2% when compared
with the same period of 2016. Technical provisions stood at
R$229.433 billion, an increase of
25.4% compared with the balance in March
2016.
13. Investments in infrastructure, information technology and
telecommunications amounted to R$1.408
billion in the first quarter of 2017, up 1.3% over the first
quarter of 2016.
14. Taxes and contributions paid or recorded in provision,
including social security, totaled R$9.700
billion in the first quarter of 2017, of which R$3.531 billion was related to taxes withheld and
collected from third parties, and R$6.169
billion, was calculated based on activities developed by the
Bradesco Organization, equivalent to 132.7% of the Adjusted Net
Income (1).
15. Bradesco has an extensive Customer Service Network in
Brazil, with 5,122 Branches and
3,971 Customer Service Points (PAs). The following are also
available to Bradesco clients: 1,004 ATMs located on company
premises (PAEs), 38,525 Bradesco Expresso customer service points,
36,095 Bradesco ATMs, and 20,584 Banco24Horas Network ATMs.
16. Payroll, plus charges and benefits totaled R$4.244 billion in the first quarter of 2017.
Social benefits provided to all 106,644 employees of the Bradesco
Organization and their dependents amounted to R$1.133 billion, while investments in education,
training and development programs totaled R$31.451 million.
17. Major Awards and Acknowledgments in the period:
- It enjoyed pride of place in the "IT Executive of the Year"
award, in the Banking category, with the case entitled "BIA -
Bradesco Artificial Intelligence – Branch Service Center - with
Watson (Study by IT Mídia in partnership with Korn Ferry);
- UniBrad won the international award "GlobalCCU Awards 2017" for
best corporate university in the world (Global Council of Corporate
Universities);
- It was one of the winners in the "2016 Information Technology
Professional" award, in the Banking segment (Informática Hoje
Magazine);
- Bradesco BBI was awarded as "Best Investment Bank in
Brazil in 2017" and appeared, in
2017 and YTD, in first place in the ranking of mergers and
acquisitions, domestic debt, international debt and equity (Best
Investment Banks in the World Edition - Global Finance
Magazine);
- BRAM was rated AMP-1 (very strong) by the agency Standard &
Poor's, which is considered the highest on the management quality
scale of S&P Global Ratings;
- BRAM features in a prominent position in the report on
small-cap stock funds, for having the most profitable funds of 2017
(IstoÉ Magazine);
- Bradesco Seguros Group won two trophies in three categories in
the "Brazil Insurer Award": Best Performance, Best Sales Growth and
Global Market Leader (Editora Brasil Notícias);
- Bradesco Seguros Group won the "Outstanding Companies" award in
the Insurance, Health, Pension and Capitalization segment (Centro
de Inteligência Padrão – CIP (Standard Intelligence Center), in
partnership with Consumidor Moderno magazine); and
- Bradesco became the leader of the Capitalization Bond market in
2016 (Superintendence of Private Insurance – Susep).
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 position, we emphasized
adherence to globally recognized business initiatives, such as:
Global Compact, Equator Principles, CDP (Carbon Disclosure
Program), Principles for Responsible Investment (PRI), GHG Protocol
Program (Brazilian Greenhouse Gas Emissions Program) and Companies
for Climate Change (EPC). Our governance structure includes the
Sustainability Committee, comprised by member of the Board of
Directors and Vice-Presidents, which is responsible for advising
the Board of Directors on establishing guidelines and corporate
actions for this area, and with the Executive 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 B3 (current name of
BM&FBovespa and CETIP).
With a broad social and educational program put in place 60
years ago, Fundação Bradesco operates 40 schools across
Brazil. In 2017, a budget of
R$625.944 million will benefit
approximately 104,228 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 43 thousand, also receive
uniforms, school supplies, meals, and medical and dental
assistance. Fundação also expects to benefit 630 thousand students
via distance learning (EaD), through its e- Learning portal "Escola
Virtual" (Virtual School). where students can conclude at least one
of the courses offered in its schedule. Another 15,040 students are
taking part in projects and actions in partnership with the Program
Educa+Ação and in Technology courses.
The Financial Statements can be found on Bradesco's Investor
Relations website at bradesco.com.br/ir.
(1) 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: Eduardo Braga Potério +011-55-11-2194-0924,
eduardo.b.poterio@bradesco.com.br or Carlos
Tsuyoshi Yamashita, +011-55-11-2194-0920,
carlos.yamashita@bradesco.com.br, both from Banco Bradesco.