SAO PAULO /PRNewswire/ -- The main figures obtained by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) in the first semester of 2015 are presented below:
1. Adjusted Net Income(1) for the first semester of 2015 stood at R$8.778 billion (a 20.6% increase compared to the R$7.277 billion recorded in the same period of 2014), corresponding to earnings per share of R$3.35 and Return on Average Adjusted Equity(2) of 21.9%.
2. As for the source, the Adjusted Net Income is composed of R$6.212 billion from financial activities, representing 70.8% of the total, and of R$2.566 billion from insurance, pension plans and capitalization bonds operations, which together account for 29.2%.
3. On June 30, 2015, Bradesco market value stood at R$142.098 billion(3), showing a growth of 5.4% over June 30, 2014.
4. Total Assets, in June 2015, stood at R$1.030 trillion, an increase of 10.6% over the June 2014 balance. The return on Average Total Assets was 1.7%, an increase of 0.1 p.p. over June 2014 (1.6%).
5. In June 2015, the Expanded Loan Portfolio(4) reached R$463.406 billion, up 6.5% over June 2014. Operations with individuals totaled R$143.461 billion (an increase of 6.2% over June 2014), while corporate segment operations totaled R$319.945 billion (up 6.6% over June 2014).
6. Assets under Management stood at R$1.444 trillion, a 10.7% increase over June 2014.
7. Shareholders' Equity totaled R$86.972 billion in June 2015, 13.2% higher than in June 2014. Basel III Ratio, calculated based on the Prudential Consolidated stood at 16.0% in June 2015, 12.8% of which was classified as Common Equity / Tier I.
8. A total of R$2.908 billion was paid to shareholders as Interest on Shareholders' Equity and Dividends for the first semester of 2015, of which R$522 million were paid in monthly and interim installments and R$2.386 billionwere provisioned.
9. The Interest Earning Portion of the Net Interest Income stood at R$26.688 billion, an increase of 17.8% compared to the first semester of 2014.
10. The Delinquency Ratio over 90 days stood at 3.7% on June 30, 2015.
11. The Operating Efficiency Ratio (ER)(5) in June 2015 was 37.9% (40.9% in June 2014), while in the "risk-adjusted" concept, it stood at 46.5% (50.0% in June 2014).
12. Insurance Written Premiums, Pension Plan Contributions and Capitalization Bond Income totaled R$30.357 billion in the first semester of 2015, up 19.3% when compared to the same period in 2014. Technical Reserves stood at R$164.566 billion, an increase of 15.3% compared to the balance in June 2014.
13. Investments in infrastructure, information technology and telecommunications amounted to R$2.706 billion in the first semester of 2015, up 22.4% over the same period in the previous year.
14. Taxes and contributions paid or recorded in provision, including social security, totaled R$13.752 billion, of which R$6.016 billion were related to taxes withheld and collected from third parties, and R$7.736 billion were calculated based on activities developed by Organizacao Bradesco, equivalent to 88.1% of the Adjusted Net Income(1).
15. Bradesco has an extensive Customer Service Network in Brazil, with 4,628 Branches and 3,463 Service Points (PAs). Customers of Bradesco can also count on 980 ATMs, 50,042 Bradesco Expresso service points, 31,132 Bradesco Dia & Noite ATMs, and 18,278 Banco24Horas Network ATMs.
16. Payroll, plus charges and benefits, totaled R$5.991 billion. Social benefits provided to all 93,902 employees of Organizacao Bradesco and their dependents amounted to R$1.497 billion, while investments in education, training and development programs totaled R$58.448 million.
17. In July 2015, Bradesco, through Bradesco Financiamentos, signed a partnership agreement with the Fiat Chrysler Automoveis Brasil (FCA Brasil) and Banco Fidis, for a term of 10 years, to finance vehicles of the brands Jeep, Chrysler, Dodge and Ram in Brazil.
18. Major Awards and Acknowledgments in the period:
- Bradesco was elected for the fourth consecutive year, as the "Best Brazilian Bank", with the Prize "Awards for Excellence 2015" (Euromoney Magazine);
- It is a highlight in the 2015 edition of the "Anuario Melhores e Maiores" ("Best and Largest Yearbook"), ranking that lists the 1,000 largest companies in the country (Exame Magazine);
- It was one of the highlights of the "Top Gestao 2015" ("Top Management 2015"), which lists BRAM among the best fund managers (Valor Investe Magazine, of the Jornal Valor Economico). It is also featured in the "Star Ranking", which brings the best investment funds of the market in the categories of fixed income, multi-market funds and variable income;
- It was one of the highlights for the fifth consecutive time in "Guia Voce S/A - As Melhores Empresas para Comecar Carreira (The Best Companies to Begin the Career) 2015 Edition" (Revista Voce S/A in partnership with Fundacao Instituto de Administracao (FIA) and Cia. de Talentos);
- Bradesco was recognized as one of the ten more committed companies in the world for its performance in social networks, receiving the international certificate of Socialbakers, main institute of data and metrics of social networks in the world;
- Received the "Oi Tela Viva Movel 2015" Award, in the "Mobile Marketing" category, for the free access to the Bradesco Celular channel; and
- It was recognized as one of the "50 Good Companies", in the category of "Activism: well beyond profit" (IstoE Dinheiro magazine, with the case of the Floating Branch).
Organizacao Bradesco is fully committed with internationally recognized sustainability and corporate governance initiatives, particularly: Global Compact, PRI (Principles for Responsible Investment), and Equator Principles. We set our guidelines and strategies with a view to incorporating the best sustainability practices into our businesses, considering the context and the potential of each region, thus contributing to the generation of value in the Organization. The driving forces behind our engagement are inclusion with education, democratization and presence, innovation, sustainability and continuity of our businesses. Our management process adopts economic and socioenvironmental indexes developed in Brazil and abroad, such as the Dow Jones Sustainability Index (DJSI), the Corporate Sustainability Index (ISE, of BM&FBovespa), and the Carbon Efficient Index (ICO2, also of BM&FBovespa), as well as the guidelines and indexes of the Global Reporting Initiative (GRI) and the CDP.
With a broad social and educational program in place for 58 years, Fundacao Bradesco operates 40 schools across Brazil. In 2015, an estimated R$537.311 million budget will benefit approximately 101,609 students enrolled in its schools in the following levels: basic education (from kindergarten to high school and higher secondary technical-professional education), youth and adult education; and preliminary and continuing vocational training, which focuses on creating jobs and income. In addition to being guaranteed free quality education, the approximately 44 thousand students enrolled in the Basic Education system also receive uniforms, school supplies, meals, and medical and dental assistance. With regard to the distance learning system (EaD), it is estimated that 380 thousand students will benefit from it, through its e-learning portal Escola Virtual (Virtual School). These students will conclude, at least, one of the various courses offered in its schedule, and another 17 thousand students will benefit from projects and initiatives carried out in partnership with Centers for Digital Inclusion (CDIs), the Educa+Acao Program, and from Technology courses (Educar e Aprender - Educating and Learning).
The Financial Statements can be found on Bradesco's Investor Relations website at bradesco.com.br/ir.
(1) According to the non-recurring events described on page 8 of this Economic and Financial Analysis Report; (2) Excludes mark-to-market effect of Available-for-Sale Securities recorded under Shareholders' Equity; (3) Number of shares (excluding treasury shares) multiplied by the closing price for common and preferred shares on the last trading day of the period; (4) Includes sureties and guarantees, letters of credit, advances of credit card receivables, co-obligations in loan assignments (receivables-backed investment funds and mortgage-backed receivables), co-obligations in rural loan assignments and operations bearing credit risk – commercial portfolio, which includes debentures and promissory notes; and (5) In the last 12 months.