SAO PAULO, Feb. 1, 2018 /PRNewswire/ -- The main figures
reported by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE:
BBD) in 2017, considering the consolidation, from July 1, 2016, of HSBC Bank Brasil S.A. and its
subsidiaries (HSBC Brasil):
1. Recurring Net Income for 2017 stood at R$19.024 billion (an increase of 11.1% over the
R$17.121 billion in Recurring Net
Income in 2016), corresponding to earnings per share of
R$3.13, and return on Average
Adjusted Shareholders' Equity of 18.1%.
2. As for the source, the Recurring Net Income is composed of
R$13.490 billion from financial
activities, representing 70.9% of the total, and of R$5.534 billion from insurance, pension plans and
capitalization bond operations, which together account for
29.1%.
3. On December 31, 2017,
Bradesco's market capitalization stood at R$200.521 billion, showing a growth of 24.7% over
December 2016.
4. Total Assets, in December 2017,
stood at R$1.298 trillion, an
increase of 0.4% over December 2016.
The annualized return on Average Total Assets was 1.5%.
5. In December 2017, the Expanded
Loan Portfolio reached R$492.931
billion, a 4.3% decrease over December 2016. Operations with individuals
totaled R$175.469 billion (an
increase of 2.0% over December 2016),
while operations with companies totaled R$317.462 billion (a 7.4% decrease over
December 2016).
6. Assets under Management stood at R$1.987 trillion, a 4.3% increase over
December 2016. 7. Shareholders'
Equity totaled R$110.457 billion in
December 2017, 10.0% higher than in
December 2016. The Basel III Ratio,
based on the Prudential Conglomerate stood at 17.1%, 13.1% of which
is Tier I Capital.
8. A total of R$7.204 billion was
paid and provisioned to shareholders as Interest on Shareholders'
Equity for the profit generated in 2017, R$2.384 billion of which was paid in monthly and
interim installments, and R$4.820
billion was provisioned.
9. The Interest-Earning Portion of the NII totaled R$62.775 billion in 2017, showing a decrease of
0.5% compared to 2016.
10. The 90-day Delinquency Ratio stood at 4.7% in the end of
December 2017, a decrease of 0.8 p.p.
compared to December 2016.
11. The Efficiency Ratio (ER), excluding the effect of
impairment of financial assets was 40.8% in December 2017 (38.9% in December 2016).
12. Insurance Written Premiums, Pension Plan Contributions and
Capitalization Bond Income totaled R$76.289
billion in 2017, up 6.8% when compared with 2016. Technical
provisions stood at R$246.653
billion, an increase of 10.4% compared with the balance in
December 2016.
13. Investments in Information Technology (IT) totaled
R$6.037 billion in 2017.
14. Taxes and contributions paid or recorded in provision,
including social security, totaled R$31.584
billion in 2017, of which R$15.548
billion was related to taxes withheld and collected from
third parties, and R$16.036 billion,
was calculated based on activities developed by the Bradesco
Organization, equivalent to 84.3% of the Recurring Net Income.
15. In 2017, Bradesco, in its ongoing resource streamlining
efforts, carried out an optimization process of the customer
service network, aiming at the continuous improvement and the
enhancing of services provided to its customers. Currently,
Bradesco offers an extensive Customer Service Network in
Brazil, with 73,474 customer
service points (PAs), 4,749 Branches, 3,899 Service Branches (PAs),
928 ATMs located on company premises (PAEs) and 38,708 Bradesco
Expresso customer service points (Correspondents). The Bank also
offers 35,590 Bradesco ATMs and 21,259 Banco24Horas Network
ATMs.
16. Payroll, plus charges and benefits totaled R$16.874 billion in 2017. Social benefits
provided to employees of the Bradesco Organization and their
dependents amounted to R$4.638
billion, while investments in education, training and
development programs totaled R$170.775
million.
17. Major Awards and Acknowledgments in the period:
- most awarded company for the "Best in People Management" prize
(Valor Carreira, of Valor Econômico newspaper);
- highlighted in the "Top of Mind" survey as the private
financial institution most present in the minds of Brazilians
(Folha de S. Paulo newspaper);
- first place in the general ranking and winner of the "100 Most
Innovative in companies in the Use of IT" award (IT Mídia in
partnership with PricewaterhouseCoopers – PWC);
- winner of the 2017 IT Leaders award, in the Banks and Insurance
categories, and for the second consecutive year won the top
position in the 2017 Top 100 IT Leaders ranking (17th edition of
Computerworld);
- named the best manager of wholesale and multimarket funds in
Brazil (Exame magazine,
based on a survey conducted by the Getúlio Vargas Foundation);
and
- largest private group in the "Valor Grandes Grupos"
ranking (Valor Econômico newspaper).
The Bradesco Organization is committed to the sustainable
development of Brazil. We set our
business guidelines and strategies with a view of incorporating the
best 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, Sustainable Development Goals (SDGs),
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). The Board of Directors, through the Sustainability
Committee, monitors the sustainability deliberations. Excellence in
business management is recognized by the main indexes of
Sustainability, such as the Dow Jones Sustainability Index (DJSI) –
"World and Emerging Markets", of the New York Stock Exchange, the
Corporate Sustainability Index (ISE), and the Carbon Efficient
Index (ICO2), both from B3.
With a broad social and educational program put in place 61
years ago, Fundação Bradesco operates 40 schools across
Brazil. In 2017, a budget of
R$624.359 million benefited 96,754
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 42 thousand, also receive uniforms, school supplies,
meals, and medical and dental assistance. Fundação also benefited
608 thousand students via distance learning (EaD), through its
e-Learning portal "Escola Virtual" (Virtual School), where students
completed at least one of more than 90 courses offered in its
schedule. Another 15,101 students are taking part in projects and
actions in partnership, such as the Program Educa+Ação and in
Technology courses.
The Financial Statements can be found in Bradesco's Investor
Relations website at banco.bradesco/ir
CONTACT:
Investor Relations Team
+55-11-2194-0922
investors@bradesco.com.br
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SOURCE Banco Bradesco S.A.