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Topic: Bradesco


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  Banco Bradesco - Wikipedia, the free encyclopedia
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.
Banco Bradesco is constantly expanding and has recently acquired Banco do Estado do Maranhão, Banco Mercantil de São Paulo, and the Brazilian operations of Banco Bilbao Vizcaya Argentaria (BBVA) and J.P. Morgan Fleming Asset Management.
Bradesco's stock is traded on Bovespa, where it is part of the Índice Bovespa.
en.wikipedia.org /wiki/Banco_Bradesco   (326 words)

  
 Bradesco to buy American Express unit - Boston.com
Banco Bradesco SA said the deal represents an important strategic move to boost its share of the thriving and competitive Brazilian credit-card market.
Bradesco also will get American Express Co.'s Brazilian insurance and travel agency businesses, but the company's Travelers Cheques operation is not included, the companies said in a statement.
Bradesco's American depository shares fell 49 cents to close at $40.15 on the New York Stock Exchange but remained close to the 52-week-high of $43.81.
www.boston.com /business/articles/2006/03/20/bradesco_to_buy_american_express_unit_1142863952   (421 words)

  
 Márcio A. Cypriano 1943— - MOVING UP THROUGH THE RANKS, CYPRIANO ASSUMES THE PRESIDENCY
In 1973 Banco Bradesco bought the Banco da Bahia, and Cypriano became manager of a new branch in the old downtown section of São Paulo.
Furthermore, the fact that Bradesco's headquarters were located in a 1950s-style office complex known as Cidade de Deus (City of God) in a distant and unfashionable suburb of São Paulo contributed to the company's reputation for aloofness.
Bradesco opened numerous minibranches in post offices around the country that offered loans to poorer Brazilians, often those involved in the informal economy.
www.referenceforbusiness.com /biography/A-E/Cypriano-M-rcio-A-1943.html   (1565 words)

  
 Amex sells Brazilian unit to Bradesco for $490 million - Boston.com
The deal, which had been rumored to be in the works for weeks, is the latest effort by Bradesco to increase its consumer lending business, an area where banks in Brazil have been aggressively seeking to expand in recent years.
It also gives Bradesco the exclusive right in Brazil for the next 10 years to issue credit cards with the Centurion brand name and the American Express logo.
Bradesco, whose credit card business already has 8.7 million clients, will gain an additional 1.2 million card holders with the deal.
www.boston.com /business/articles/2006/03/20/amex_sells_brazilian_unit_to_bradesco_for_490_million?mode=PF   (269 words)

  
 Investor's Business Daily: Breaking News
The accounted gain related to the sale of the stake in Belgo-Mineira's capital stock, as disclosed in RI Express on February 10, 2005, was fully absorbed by extraordinary provisions constituted in the quarter; therefore, not impacting the result.
Bradesco's Efficiency Ratio for the accumulated 12 months keeps presenting a consistent improvement, reaching 59.0% in 1Q04, 55.5% in 4Q04 and, finally, 52.7% in 1Q05.
Bradesco's Market Capitalization surpassed the R$ 35.5 billion mark, increasing by 75% between March 2004 and March 2005, against the 20.2% evolution of the Ibovespa in the same period, and by 24.3% in the quarter, vis-a-vis the 1.6% of the Ibovespa.
www.investors.com /breakingnews.asp?journalid=27477123   (702 words)

  
 Bloomberg.com: Latin America   (Site not responding. Last check: 2007-11-01)
Net income at Bradesco rose to 1.53 billion reais ($744 million), or 1.56 reais per share, from 1.21 billion reais, or 1.22 reais a share, in the year-earlier period.
Bradesco's greater size after at least 18 acquisitions in six years is helping boost income on fees for services such as fund management and credit cards.
Bradesco posted an average annualized return on equity of 34.6 percent, a measure of the bank's profitability, in the first quarter, down from 34.7 percent in the year-ago quarter and 35.3 percent at the end of last year.
www.bloomberg.com /apps/news?pid=10000086&sid=agF.ENWP4VcM&refer=latin_america   (622 words)

  
 Bradesco (BBD) - Solid third quarter results and a great business environment.
Banco Bradesco S.A. is Brazil’s largest private bank, operating over 2,900 branches in the country.
It is true that Bradesco was benefitted by the strong economic recovery in Brazil.
During 3Q04 Bradesco´s credit portfolio increased 13.6% year over year, particularly in the auto finance segment, leasing and agricultural loans.
www.yeald.com /Yeald/a/31661/bradesco__bbd____solid_third_quarter_results_and_a_great_business_environment.html   (854 words)

  
 PR Newswire Business News: Banco Bradesco -First Half 2006 Earnings Results - MSN Money   (Site not responding. Last check: 2007-11-01)
SAO PAULO, Brazil, Aug. 7 /PRNewswire-FirstCall/ -- Banco Bradesco BBD posted Net Income of R$3.132 billion in the 1st half of 2006 (equivalent to EPS of R$3.20) vis-a-vis R$2.621 billion recorded in the same period of 2005 (equivalent to EPS of R$2.67), a 19.5% increase.
In the 1st half of 2006, 33% of Bradesco's Net Income was originated by Insurance, Pension Plans and Savings Bonds, 23% by Loans, 25% by Fee Income, 11% by Securities and Treasury and 8% by Funding result.
Bradesco's Efficiency Ratio for the accumulated 12-month period continues to present a constant improvement, standing at 48.1% in June 2005, 42.9% in March 2006 and, finally, 42.8% in June 2006.
news.moneycentral.msn.com /inc/news/providerredir.asp?Feed=PR&Date=20060807&ID=5926108   (434 words)

  
 IFC Latin America & the Caribbean - Summary of Project Information
Bradesco is largely controlled by two institutions managed by the bank's top executives: Fundação Bradesco and Cidade de Deus Participações.
Members of the Aguiar family indirectly hold 6% of Bradesco's share capital through their 25% interest in Cidade de Deus Participações; 59.3% of Bradesco's shares are publicly traded on the Sao Paulo and New York Stock Exchanges, with no single stockholder owning more than 4% of its shares.
Bradesco provides a comprehensive range of retail as well as wholesale financial products and services directly or through subsidiaries to 13 million clients, serviced by a network of 2,928 branches (figures as of September 30, 2002).
www.ifc.org /ifcext/lac.nsf/Content/SelectedProject?OpenDocument&UNID=34104C29FB4CC22B85256C98008082EC   (452 words)

  
 BANK BRADESCO - BBD Report of Foreign Issuer (6-K) FINANCIAL STATEMENTS
Bradesco's differential was the combination of high performance, the significance of the assets managed and its presence in the majority of the fund subgroups.
BRADESCO FLIGHT INSURANCE which was launched at the beginning of 2004, increased Bradesco Auto/RE's competitiveness in that particular portfolio and facilitated the securing of a number of new premiums, in particular, for executive aircraft.
Bradesco Seguros e Previdência was rated, for the second year running, as the insurance company with greatest recall by the population of the state of Alagoas, and for which the company received the "2004 Best Brand Name" award, in the category "Top of Mind" - First Brand Name Recalled.
sec.edgar-online.com /2005/02/04/0001292814-05-000109/section2.asp   (8675 words)

  
 Investor's Business Daily: Breaking News
As part of Banco Bradesco's strategy to increase shareholder value, in 1H04, the company paid (or accrued) R$ 651.4 million in interest attributed to its capital (R$ 326.1 million in 1Q04 and R$ 325.3 million in 2Q04), compared to R$ 633.3 million in 1H03.
Banco Bradesco attained the mark of 15.4 million checking accounts, of which 14.4 million was individual and 1 million corporate.
At the end of the first half, Bradesco's stockholders' equity was R$ 13.6 billion, with a Basel capital adequacy ratio (BIS) of 15.7%, on a consolidated economic and financial basis, considering that the minimum for Brazil is 11%.
www.investors.com /breakingnews.asp?journalid=22470960   (2410 words)

  
 Banco Bradesco :: Banco Bradesco - 2005 Earnings Results
Bradesco's Efficiency Ratio for the accumulated 12-month period continues to present a constant improvement, standing at 55.5% in December 2004, 48.1% in June 2005, 45.7% in September 2005 and, finally, 44.8% in December 2005.
Bradesco's Market Capitalization as of December 31, 2005 reached R$ 64.7 billion, corresponding to a 126.6% jump in the year and to a 25.4% increase in the quarter, variations significantly higher than the Ibovespa's which during the same period evolved by 27.7% and 5.9%, respectively.
Known risks include uncertainties, which are not restricted to the impact of the competitive nature of prices and services, the acceptance of services by the market, service transactions of Bradesco and of its competitors, regulatory approvals, currency fluctuations, changes in the range of services offered and other risks described in Bradesco's reports.
sev.prnewswire.com /banking-financial-services/20060222/NYW08422022006-1.html   (553 words)

  
 Alliance Capital and Bradesco Announce Changes in Asset Management Activities
In addition, Bradesco intends to distribute Alliance's mutual funds according to the applicable rules and as these funds become available to Brazilian investors.
We also value highly our ongoing association with the Bradesco Group and anticipate that this relationship will continue to offer attractive business opportunities in the years to come." About Alliance Capital Alliance Capital is a leading global investment management firm with approximately $454 billion in assets under management as of December 31, 2000.
About Bradesco Banco Bradesco S.A., the largest private financial institution in Brazil, has historically adopted the democratization of banking services, supported by advanced technological resources.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-27-2001/0001456629&EDATE=   (746 words)

  
 citibank adr | news | latest stories
Founded in 1943, Bradesco is a one-stop-shop concept company providing individuals and corporate clients a broad array of products and services.
Bradesco holds 37.3 million checking and savings accounts and a comprehensive branch network of more than 3,800 branches and mini-branches.
Bradesco is a leader in asset management, investment banking and trade finance, and holds abroad a branch in New York, three branches in Grand Cayman, a subsidiary in Argentina and another in Nassau.
wwss.citissb.com /adr/www/PressRel/inl_235.htm   (543 words)

  
 Fitch Upgrades Individual Rating Of Brazil's Banco Bradesco S.A. - Forbes.com   (Site not responding. Last check: 2007-11-01)
The improvement in Bradesco's Individual rating reflects steadily improving results since mid-2004, driven by loan growth in consumer finance and middle market lending with controlled credit losses and a relentless drive to improve cost efficiencies and cross selling among all its business lines.
Bradesco's shrinking exposure to Brazilian federal government debt was also a contributing factor.
Bradesco's capital base has been strengthened through gradual reduction of exposure to government debt in 2005 and extraordinary amortization of goodwill in 2004.
www.forbes.com /feeds/businesswire/2006/06/12/businesswire20060612005851r1.html   (647 words)

  
 Hispanic Business - Banco Bradesco: 3Q05 Earnings Results   (Site not responding. Last check: 2007-11-01)
Bradesco's Efficiency Ratio for the accumulated 12-month period continues to present a consistent improvement, totaling 58.3% in September 2004, 48.1% in June 2005 and, finally, 45.7% in September 2005.
In line with the policy of adding stockholders' value, Bradesco shall have paid or accrued R$ 1.537 billion of Interest on Own Capital in 2005, taking into account the portion to be approved in a meeting to be held on November 11, 2005.
Bradesco's Market Capitalization surpassed the R$ 51.6 billion mark, evolving by 143.3% between September 2004 and September 2005, and by 30.5% in the quarter, indexes significantly higher than Ibovespa's, which during the same periods evolved by 35.9% and 26.1%, respectively.
www.hispanicbusiness.com /news/newsbyid.asp?id=26531   (440 words)

  
 International Market Research - Bradesco profits double in Q3
Bradesco Seguros is the insurance arm of Brazil's largest privately owned retail bank Bradesco.
Profits at Brazilian insurer Bradesco Seguros more than doubled in the third quarter to 192mn reais (US$66.9mn), compared to 94mn reais in 2Q03, Bradesco Seguros said in a statement.
Bradesco Life and Pension plans grew its client base by more than 16,000 people in the third quarter with an 11.7 percent increase in contributions, particularly in Brazil's popular VGBL and PGBL plans, similar to 401K plans in the US.
strategis.ic.gc.ca /epic/internet/inimr-ri.nsf/en/gr121582e.html   (482 words)

  
 Bloomberg.com: Latin America
Bradesco is seeking to take advantage of declining interest rates in Brazil, accelerating economic growth and increased consumption powered by credit cards, Cypriano said.
Bradesco expects to add 2.5 million new credit cards this year, in addition to those from today's American Express purchase, and boost billing by about a fifth.
Bradesco shares gained 98 centavos, or 1.1 percent, to 87.38 reais.
www.bloomberg.com /apps/news?pid=10000086&sid=aIq6CL5j.dp0   (681 words)

  
 Banco Bradesco Announces Results for the First Half of 2004
SAO PAULO, Brazil, Aug. 2 /PRNewswire-FirstCall/ -- Banco Bradesco (NYSE: BBD), Brazil's largest private bank, reported net income of R$ 1.25 billion for the first half of 2004 (or EPS of R$ 7.90), compared to net income of R$ 1.03 billion for the same period in 2003, an increase of 21.7%.
Checking accounts Banco Bradesco attained the mark of 15.4 million checking accounts, of which 14.4 million was individual and 1 million corporate.
Capital At the end of the first half, Bradesco's stockholders' equity was R$ 13.6 billion, with a Basel capital adequacy ratio (BIS) of 15.7%, on a consolidated economic and financial basis, considering that the minimum for Brazil is 11%.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/08-02-2004/0002223033&EDATE=   (2436 words)

  
 Landor: Portfolio: Case History: Bradesco Seguros: Corporate Signage
Banco Bradesco S.A., the largest private bank in Latin America (which had recently undergone a major brand revitalization in 1997 by Landor) owns one of Brazil?s largest insurance companies, called Bradesco Seguros.
Landor was hired by Bradesco Seguros to help bring their brand identity into alignment with the bank?s new corporate branding system.
Bradesco Seguros found tremendous equity in their relationship with Banco Bradesco, suggesting the need for their new sign program to have a stronger visual link with the bank.
www.landor.com /index.cfm?fuseaction=cPortfolio.getCase&caseid=637   (350 words)

  
 Brazil - Brazzil Mag - Brazil's Bradesco Rated BB- by Fitch
Bradesco Seguros is the lead organization and holding company for the activities of the Bradesco Seguros Group.
In 2004, the Bradesco Seguros Group continued its broad corporate and operational restructuring, still reporting a negative operational performance, but better than the year before, despite earnings having been affected by significant non-recurring expenses during the year, which were responsible for 48% of its operational loss.
Bradesco Seguros' capitalization ratio remains adequate to support the group's current business and the majority shareholder continues to show its commitment to provide the equity capital needed to achieve the goals and strategies of its insurance operations, positively reflecting the strong ties it has with Bradesco.
www.brazzilmag.com /content/view/2355/53   (1744 words)

  
 Untitled Document   (Site not responding. Last check: 2007-11-01)
With more than 3,000 branches, Bradesco is the biggest Brazilian private bank and has Telefónica of Spain and Brazilian telecom Telemar as partners.
As of October, Bradesco's customers accessed the portal for 6 million times.
Bradesco's site processes about 30 million banking transactions monthly.
www.jrn.columbia.edu /studentwork/newmedia/masters/eldorado/eld-profbradesco.html   (196 words)

  
 Bradesco assumes American Expresss Brazilian operations - Banking Business Review
According to the agreement, Bradesco will assume responsibility for all of American Express's Brazilian subsidiaries including insurance brokerage, business travel, retail foreign exchange services and direct consumer financing operations.
The right is for a minimum of 10 years and allows Bradesco to issue American Express-branded cards to individual and corporate clients, offer the membership rewards program in conjunction with those cards, and manage the merchant network that accepts American Express Cards in Brazil.
Bradesco said that the partnership represented an important strategic advancement and would allow it to expand its client base in a highly competitive segment.
www.banking-business-review.com /article_news.asp?guid=263319A4-6073-4830-BD19-08C99078F0A5   (216 words)

  
 Brazil's Largest Bank Demonstrates Banking Software for the Visually Impaired: Brazil's Banco Bradesco and software ...
Since then, nearly 500 Bradesco customers have installed the software, in CD-ROM format, to access their bank accounts and do financial transactions through the Internet.
Bradesco Net-Internet Banking for the Visually Handicapped uses Microsoft Active Accessibility to "read" a screen of text to the user using a voice synthesizer.
The project required two years of research and involved the University of Sao Paulo and the Federal University of Rio de Janeiro, as well as the assistance of the Brazilian Ophthalmology Council, a national association of 9,000 ophthalmologists.
www.microsoft.com /presspass/features/1999/03-01bradesco.mspx   (495 words)

  
 Banco Bradesco A-Go-Go [Fool.com: Motley Fool Take] May 15, 2006
Some deterioration is normal on from the fourth to the first quarter, but this is a metric that bears watching as it was also up quite a bit year on year.
In at least one respect, Bradesco has a problem that is pretty common among many U.S. banks -- deposit growth (up 4.4%) is lagging loan growth (up 28%), and that leads to more expensive financing and a higher overall cost of funds.
Bradesco doesn't look expensive, but it also isn't cheap enough to really entice me. After all, Brazil has to deal with inflation, potentially higher energy prices from its dispute with Bolivia, and the usual host of challenges in managing growth.
www.fool.com /news/mft/2006/mft06051538.htm?source=eptyholnk303100&logvisit=y&npu=y&bounce=y   (604 words)

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