SAO PAULO, Jan. 29, 2015 /PRNewswire/ -- The main figures obtained by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) in 2014 are presented below:
1. Adjusted Net Income(1) for 2014 stood at R$ 15.359 billion (a 25.9% increase compared to the R$ 12.202 billion recorded in the same period of 2013), corresponding to earnings per share of R$ 3.66 and Return on Average Adjusted Equity(2) of 20.1%.
2. As for the source, the Adjusted Net Income is composed of R$ 10.953 billion from financial activities, representing 71.3% of the total, and of R$ 4.406 billion from insurance, pension plans and capitalization bonds operations, which together account for 28.7%.
3. On December 31, 2014, Bradesco market value stood at R$ 145.536 billion(3), showing a growth of 13.6% over December 31, 2013.
4. Total Assets, in December 2014, stood at R$ 1.032 trillion, an increase of 13.6% over the December 2013 balance. The return on Average Total Assets was 1.6%, an increase of 0.2 p.p. over December 2013 (1.4%).
5. In December 2014, the Expanded Loan Portfolio(4) reached R$ 455.127 billion, up 6.5% over December 2013. Operations with individuals totaled R$ 141.432 billion (an increase of 8.2% over December 2013), while corporate segment operations totaled R$ 313.695 billion (up 5.8% over December 2013).
6. Assets under Management stood at R$ 1.426 trillion, a 13.2% increase from December 2013.
7. Shareholders' Equity totaled R$ 81.508 billion in December 2014, 14.9% higher than in December 2013. Capital Adequacy Ratio stood at 16.5% in December 2014, 12.9% of which was classified as Common Equity/Tier I.
8. A total of R$ 5.055 billion were paid to shareholders as Interest on Shareholders'
Equity and Dividends for the first three quarters of 2014, of which R$ 1.824 billion were paid in monthly and interim installments and R$ 3.231 billion were provisioned.
9. The Interest Earning Portion of the Net Interest Income stood at R$ 47.806 billion, up 12.0% compared to 2013.
10. The Delinquency Ratio over 90 days remained stable in the last twelve months, and stood at 3.5% on December 31, 2014.
11. The Operating Efficiency Ratio (ER)(5) in December 2014 was 39.2%, the best level ever recorded (42.1% in December 2013), while in the "risk-adjusted" concept, it stood at 47.9% (52.1% in December 2013).
12. Insurance Written Premiums, Pension Plan Contributions and Capitalization Bond Income totaled R$ 56.152 billion in 2014, up 12.9% when compared to 2013. Technical Reserves stood at R$ 153.267 billion, an increase of 12.5% compared to the balance on December 2013.
13. Investments in infrastructure, information technology and telecommunications amounted to R$ 4.998 billion in 2014, up 3.2% over the same period last year.
14. Taxes and contributions paid or recorded in provision, including social security, totaled R$ 24.225 billion, of which R$ 10.902 billion related to taxes withheld and collected from third parties, and R$ 13.323 billion calculated based on activities developed by Bradesco Organization, equivalent to 86.7% of the Adjusted Net Income(1).
15. Bradesco has an extensive Customer Service network in Brazil, with 4,659 Branches and 3,486 Service Points (PAs). Customers can also count on 1,145 ATMs, 50,006 Bradesco Expresso service points, 31,089 Bradesco Dia & Noite ATMs, and 17,593 Banco24Horas Network ATMs.
16. Payroll, plus charges and benefits, totaled R$ 11.773 billion. Social benefits provided to all 95,520 employees of Bradesco Organization and their dependents amounted to R$ 2.923 billion, while investments in education, training and development programs totaled R$ 144.658 million.
17. Major Awards and Acknowledgments in the period:
- Largest private Brazilian group to be featured in the "Valor Grandes Grupos" ranking, which lists the 200 largest groups in the country. It also holds 1st place in the ranking of the 20 largest groups in the financial sector, while also leading in shareholder's equity (Valor Economico newspaper);
- For the 10th consecutive year, its common and preferred shares are listed on the Corporate Sustainability Index (ISE) of BMF&Bovespa;
- Winner of the 16th Abrasca award as the best "Annual Report 2013", under the "Publicly- Traded Company – Group 1";
- Featured on the annual "150 Best Companies to Work for in Brazil", for the 15th time (Guia Voce S/A Exame);
- One of the top mentions in "Best in People Management" poll (Valor Carreira magazine - Valor Economico newspaper);
- Only Latin American bank to be featured in the "World's 20 Greenest Banks" (Bloomberg Markets magazine); and
- Named one of the most sustainable companies in Brazil. (Guia Exame de Sustentabilidade/Study by Fundacao Getulio Vargas de Sao Paulo).
The Bradesco Organization fully complies with internationally recognized sustainability and corporate governance initiatives, particularly: Global Compact, PRI (Principles for Responsible Investment), Equator Principles. We set our guidelines and strategies with a view to incorporating the best corporate 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 social and environmental 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 Carbon Disclosure Project (CDP).
With a broad social and educational program in place for 58 years, Fundacao Bradesco operates 40 schools across Brazil. Fundacao Bradesco's budget for 2014 totaled R$ 520.277 million, R$ 86.553 million of which was intended to restructuring high school education through classroom expansion works that enabled the foundation to offer free quality education to: a) 105,177 students enrolled in its schools in the following levels: basic education (kindergarten to high school) and vocational training - high school, youth and adult education; and preliminary and continuing vocational training, which focuses on creating jobs and income; b) 458,365 thousand students who completed at least one of the distance-learning courses (EaD) available on the e-learning portal; and c) 33,856 beneficiaries in partnership projects and initiatives, including the Digital Inclusion Centers (CIDs), the Educa+Ação program and technology courses (Educar and Aprender). 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.
(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.
Contact: Ivani Benazzi de Andrade +011-55-11-2178-6218, 4823.ivani@bradesco.com.br or Carlos Tsuyoshi Yamashita, +011-55-11-2178-6204, 4823.carlos@bradesco.com.br both of Banco Bradesco.
