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

    Brazil's Bradesco Bank

    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:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    For Job Seekers Brazil Is No Eldorado

    Thinking of moving to Brazil? If the aim is to make a lot of ...

    Brazilian check

    Brazil’s Lula Called to Account on Tax

    We are witnessing something almost unparalleled in the corridors of power in Brasília and ...

    We’re Sure Paying Attention to the U.S., Says Brazil’s Foreign Minister

    In a hearing before Brazil’s Foreign Relations and National Defense Commission, the Brazilian Minister ...

    Brazilian Troops Will Stay in Haiti Indefinitely

    At a press conference, Wednesday, February 8, during his visit to Algeria, Brazilian President ...

    Brazil’s Scandal du Jour: National Election Board Gets Phones Bugged

    The president of Brazil’s National Election Board (TSE), minister Marco Aurélio Mello, is mad ...

    Building house in Brazil

    Brazil’s Package to Boost Economy Includes 1 Million New Homes

    Luiz Inácio Lula da Silva, the president of Brazil, said that his administration will ...

    Brazil and India: Beyond Oil and Mining Agreements

    The governments of Brazil and of India signed Tuesday, September 11, 9 agreements and ...

    Brazilian Army Worried About US Military Build Up on Brazil’s Borders

    It is because of the strategic importance of South America that the United States ...

    Protestors Vow a Red April in Brazil

    Students, union workers and Landless workers seem to be on edge in Brazil. Apparently ...

    Hugo Chavez, Venezuelan president

    Brazil to Pressure Paraguay into Accepting Venezuela in Mercosur

    Believing that Venezuela is an extremely important factor for the social and economic development ...