Banco Bradesco Results in the 2nd Quarter of 2018
26 Juillet 2018 - 2:51PM
PR Newswire (US)
SAO PAULO, July 26, 2018 /PRNewswire/ -- The main figures
obtained by Bradesco (B3: BBDC3, BBDC4; NYSE: BBD and Latibex:
XBBDC) are presented below:
- 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%.
- 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).
- 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.
- 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.
- 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%.
- 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.
- 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.
- 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.
- 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.
- Assets under Management totaled R$2.014
trillion, an increase of 5% compared to June 2017.
- 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
Copyright 2018 PR Newswire
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