Banco Bradesco Announces Net Income of R$ 3.0 Billion in 2004.SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil -- Banco Bradesco (NYSE NYSE See: New York Stock Exchange : BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) (BOVESPA See Bolsa de Valores de Sao Paulo. : BBDC BBDC Brantley Capital Corporation (Cleveland, OH) BBDC before bottom dead center (referring to a piston in a engine) BBDC Banting and Best Diabetes Centre BBDC Beijing Benz-DaimlerChrysler Automotive Co, Ltd 4) (BOVESPA: BBDC3) (Latibex: XBBDC), reported Net Income of R$ 3.060 billion in 2004 (equivalent to R$ 6.45 per stock), compared to a Net Income of R$ 2.306 billion in 2003, i.e. up by 32.7%. This result represents a 22% average Return on Stockholders' Equity (18.9% in 2003). In 4Q04, 70% of the Net Income in the amount of R$ 1.058 billion (R$ 752 million in 3Q04) derived from banking and 29% from Insurance, Private Pension Plans and Savings Bond activities, and the average return on Stockholders' Equity reached 31.7% (23.3% in 3Q04). As an evidence of the Company's policy of adding shareholders value, Interest on Own Capital in the amount of R$ 1.325 billion in were paid or provisioned in 2004 (R$ 326.1 million in 1Q04, R$ 325.3 million in 2Q04, R$ 333.1 in 3Q04 and R$ 340.5 million in 4Q04). In addition, Banco Bradesco's market capitalization grew by 25.8% in the year, exceeding R$ 28.5 billion. According to Bradesco's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mr. Marcio Artur Laurelli Cypriano, "2004 was a significant year, attesting that the marketing positioning strategy, as well as the effort endeavored in the customer service segmentation and the incorporation of acquired Banks' Branch Networks are generating the expected results. I also point out the Return on Average Stockholders' Equity of 31.7% and an the Efficiency Ratio of 50.3% achieved in this quarter." Conference Call: February 1, 2005 (tomorrow) In English: 8:00 a.m. (New York time - US ET) USA and International: (+1 973) 582-2757 ID Code: Bradesco or 5600914 In Portuguese: 6:30 a.m. (New York time - US ET) Brazil and International: (55 11) 2101-1490 ID Code: Bradesco Simultaneous Webcast (audio and slides): http://www.bradesco.com.br/ir/ Full Release: http://200.189.182.180/rinovo/site/default.asp?idioma=2&menuid=109 |
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