Bradesco Results in the 3rd Quarter of 2018

SAO PAULO, Nov. 1, 2018 /PRNewswire/ -- The main figures obtained by Bradesco are presented below:

1. Recurring Net Income in the 3(rd) quarter recorded R$5.471 billion (an increase of 6% compared to the previous quarter and 13.7% compared to the same quarter of the previous year), representing R$3.08 per share with accrued profitability in the year over Shareholder's Equity of 19%.

2. Operating Income in the 3(rd) quarter recorded R$8.427 billion (an increase of 3.5% compared to the previous quarter and 24.8% compared to the same quarter of the previous year).

3. As for the source, the Recurring Net Income of the quarter is composed of R$4.01 billion from financial activities, representing 73.3% of the total, and of R$1.46 billion from insurance, pension plans and capitalization bonds operations, representing 26.7% of the total.

4. Total Assets, in September 2018, recorded a balance of R$1.356 trillion, a growth of 3.9% compared to the last quarter. The return on Average Total Assets was 1.6%.

5. Expanded Loan Portfolio, in September 2018, reached R$523.431 billion, a growth of 1.6% compared to the previous quarter and 7.5% compared to the same quarter of the previous year.

6. In the 3(rd )quarter, the Delinquency over 90 days reached 3.6%, a meaningful performance compared to the previous quarter and 7.5% compared to the same period of the previous year, allowing relevant reduction on Losses of Credits Provision Expenses: 23.3% compared to the same period of the previous year.

7. Fee and Commission Income decrease 0.6% compared to the 2(nd) quarter and increase 3.2% compared to the 3(rd) quarter of 2017, emphasizing the positive performance in almost all lines of business.

8. Personnel Expenses totaled R$5.006 billion in the first half, a increase of 3.6% compared to the same period of the previous year and Administrative Expenses totaled R$5.093 billion, a slight increase of 1.3% compared to the 3(rd) quarter of 2017.

9. Assets under Management totaled R$2.089 trillion, an increase of 4.9% compared to September 2017.

10. Shareholders' Equity, in September 2018, totaled R$115.670 billion, a growth of 4.9% compared to September 2017.

Complete Financial Statements are available on the Investor Relations website - bradesco.com.br/ir-en.

FURTHER INFORMATION: Investor Relations Area Tel.: +55 (11) 2194-0922 e-mail: investors@bradesco.com.br [mailto:investors@bradesco.com.br]

PR Newswire

Dit persbericht is via ANP Pers Support naar internationale (vak en online) media gestuurd. Heb je nieuws voor buitenlandse journalisten? Bekijk dan onze mogelijkheden of neem contact met ons op.

Verstuur nu éénmalig een persbericht

Verstuur persberichten en beeldmateriaal naar redacties in binnen- en buitenland. Via het ANP-net, het internationale medianetwerk van PR Newswire of met een perslijst op maat.

Direct persbericht versturen
070 - 41 41 234