Big bank watch.[GRAPHIC OMITTED] DEAR SHAREHOLDER ... * Banco Bradesco Banco Bradesco, short for Banco Brasileiro de Descontos, that is 'Brazilian Discount Bank', is one of the Big Four banks in Brazil, the others being Banco do Brasil, Banco Itaú and Unibanco. Bradesco is the largest private bank in Brazil. Brazil's largest private bank earned US$740.2 million during the second quarter of 2006, 22.9% more than it did a year earlier. The bank said its individual, corporate and small-business loan portfolios all grew during the quarter. * Banco Rio See RapidIO and MP3. de la Plata La Plata (lä plä`tä), city (1991 pop. 640,344), capital of Buenos Aires prov., E central Argentina, 5 mi (8.1 km) inland from Ensenada, its port on the Río de la Plata. Argentina's Banco Rio broke into the black during the second quarter of this year, posting US$ 12 million in profits, up 114% from a year ago. Increased loans to the private sector fueled the increase as did less exposure to bad loans. * Banco de Galicia y Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. Argentina's Banco de Galicia earned US$1 million during the April to June period of this year, down 97.9% from a year earlier. The banks said business was healthy but that extraordinary earnings last year had boosted profits then, leading to the percentage decline. |
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