Banco Bradesco S.A. Q1 2010 Earnings Call Transcript

Banco Bradesco S.A. (BBD)

Q1 2010 Earnings Call

April 29, 2010 10:00 am ET

Executives

Paulo Faustino da Costa - Market Relations Director

Domingos Figueiredo de Abreu - EVP & IRO

Alexandre Rappaport - Planning Director

Analysts

Jorge Kuri - Morgan Stanley

Daniel Abut - Citigroup

Victor Galliano - HSBC

Saul Martinez - JPMorgan

Rafael Fahas - Banco Safra

Larry Batali - Moore Capital

Presentation

Operator

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Good morning ladies and gentlemen. We would like to welcome everyone to Banco Bradesco's First Quarter 2010 Earnings Results Conference Call. This call is being broadcasted simultaneously through the Internet and the website www.bradesco.com.br/ir. In the address you can also find a banner through which the presentation will be available for download. We inform that all participants will only be able to listen to the conference call during the company's presentation. After the presentation, there will be a question-and-answer session. And at that time, further instructions will be given. (Operator Instructions).

Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Banco Bradesco's management and on information currently available to the company. Forward-looking statements are not guarantee of performance. They involve risks, uncertainties and assumptions, because they relate to future events and therefore depend on circumstances that may or may not occur in the future.

Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Banco Bradesco and can cause results to differ materially from those expressed in such forward-looking statements. Now I will turn the conference over to Paulo Faustino da Costa, Market Relation Director. Mr. Paulo you may proceed.