This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Banco Bradesco (BM&FBOVESPA: BBDC3, BBDC4; NYSE: BBD And Latibex: XBBDC) Announces Its Results For 2011

SAO PAULO, Jan. 31, 2012 /PRNewswire/ -- The main figures obtained by Bradesco in 2011 are presented below:

1. Adjusted Net Income(1) for the year was R$11.198 billion (a 14.2% increase compared to the R$9.804 billion recorded in the same period last year), corresponding to earnings per share of R$2.93 and Return on Average Shareholders' Equity(2) of 21.3%.

2. Adjusted Net Income was composed of R$7.997 billion from financial activities, representing 71.4% of the total, and R$3.201 billion from insurance, pension plan and savings bond operations, which accounted for 28.6%.

3. On December 31, 2011, Bradesco's market capitalization stood at R$106.971 billion(3).

4. Total Assets stood at R$761.533 billion in December 2011, a 19.5% increase over the same period in 2010. Return on Average Assets was 1.6%.

5. The Expanded Loan Portfolio(4) stood at R$345.724 billion in December 2011, up 17.1% from the same period in 2010. Operations with individuals totaled R$108.671 billion (a 10.6% gain), while operations with companies totaled R$237.053 billion (up 20.4%).

6. Total Assets under Management stood at R$1.020 trillion, up 16.9% on December 2010.

7. Shareholders' Equity stood at R$55.582 billion in December 2011, up 15.7% on December 2010. The Capital Adequacy Ratio stood at 15.1% in December 2011, 12.4% of which fell under Tier I Capital.

8. Interest on Shareholders' Equity and Dividends were paid and recorded in provision to shareholders for income in 2011 in the amount of R$3.740 billion, R$1.279 billion of which was paid as monthly and interim dividends and R$2.461 billion was recorded in provision.

9. Financial Margin reached R$39.321 billion, up 19.0% in comparison with 2010.

10. The Delinquency Ratio over 90 days stood at 3.9% on December 31, 2011, a 0.3 p.p. increase over December 31, 2010 (3.6%).

11. The Efficiency Ratio(5) stood at 43.0% in December 2011 (42.7% in December 2010) and the "adjusted-to-risk" ratio stood at 53.0% (52.4% in December 2010).

12. Insurance Written Premiums, Pension Plan Contributions and Savings Bond Income totaled R$37.693 billion in 2011, up by 21.3% over the same period in 2010. Technical reserves stood at R$103.653 billion, up 18.9% on December 2010.

13. Investments in infrastructure, information technology and telecommunications amounted to R$4.328 billion in 2011, a 10.4% increase on the previous year.

14. Taxes and contributions, including social security, paid or recorded in provision, amounted to R$19.159 billion in 2011, R$9.127 billion of which referred to taxes withheld and collected from third parties and R$10.032 billion from Bradesco Organization activities, equivalent to 89.6% of Adjusted Net Income(1).

15. Continuing its strategy for organic growth, Bradesco launched 1,009 branches in the last twelve months, adding more than 9 thousand new employees.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs