Brazil’s Bradesco Bank Boosts Profit by 2.4% to US$ 2.6 Billion

Brazil's Bradesco Bank Bradesco, Brazil's biggest private bank, posted net income of 4.1 billion Brazilian reais (US$ 2.6 billion) in the first half of this year, according to information disclosed by the organization. The value represents growth of 2.4% over the same period in 2007.

The organization's loan portfolio reached 181.602 billion reais (US$ 115.973 billion) at the end of the semester, 38.8% greater than at the end of June 2007. Loans to individuals reached 65.872 billion reais (US$ 42 billion) while loans to corporate clients totaled 115.730 billion reais (US$ 73 billion).

Adjusted net income stood at 3.909 billion reais (US$ 2.5 billion) from January to June this year, representing growth of 11.5% over the same half in 2007.

Shareholders' equity stood at 33.711 billion reais (US$ 21.5 billion) in the first half of 2008, 22.5% growth over the first half in 2007 and 2.4% greater than in the previous quarter.

Return on average equity dropped from 31.5% to 27.2%. Bradesco's total assets under management, comprising investment funds, managed portfolios and third party Funds rose to 184.385 billion reais (US$ 117,750 billion), growth of 14.3% in 12 months.

Total assets in June 2008 stood at 403.271 billion reais (US$ 257.533 billion), an increase of 38.8% in relation to June 2007 and 13.4% over the previous quarter.

Anba

Tags:

You May Also Like

Higher Domestic Consumption Helps Brazilian Meat Industry to Recover

Brazil’s livestock slaughter increased 4.6% in the third quarter of 2009, in comparison with ...

Explaining America

Eleonora Duvivier Dodds, an Illinois-based Brazilian writer, had years of scholastic training at the ...

Brazilian Ruling Party Expels Representative Accused of Ties with Prison Gang

Brazil’s ruling Workers Party (PT) in São Paulo decided to expel representative Luiz Moura ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Dois Perdidos Numa Noite Suja (Two Lost Souls on a Dirty ...

It Was My Love for Brazil that Led Me to Create this Groupon for Brazilian Travel

It was after my first visit to Brazil to attend the annual Carnaval festival ...

Brazil, in Cuba, Lambasts US for Its Interventionist Policies

Brazilian Foreign Minister, Celso Amorim, without mentioning it by name condemned the the United ...

Brazil to Break Monsanto’s Global Grip Creating Its Own Transgenic Soy

In a very near future it will be hard to talk about transgenic soy ...

Lula Cites Brazil as Example on How to Fight Global Warming

Luiz Inácio Lula da Silva, the president of Brazil, called yesterday, September 25, at ...

Brazil’s Exports of Granite and Ornamental Stones Grow 56%

The Brazilian Association for Dimension Stones Industry (Abirochas) is going to participate in the ...

Second Largest Coffee Producer State in Brazil to Double Production

In order to increase productivity and improve the quality of Arabica coffee, which originated ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`