Bradesco Results in the 3rd Quarter of 2018
SAO PAULO,Nov. 2,2018 -- The main figures obtained by Bradesco are presented below:
1. Recurring Net Income in the 3rd quarter recorded R$5.471 billion (an increase of 6% compared to the previous quarter and 13.7% compared to the same quarter of the previous year),representing R$3.08 per share with accrued profitability in the year over Shareholder's Equity of 19%.
2. Operating Income in the 3rd quarter recorded R$8.427 billion (an increase of 3.5% compared to the previous quarter and 24.8% compared to the same quarter of the previous year).
3. As for the source,the Recurring Net Income of the quarter is composed of R$4.01 billion from financial activities,representing 73.3% of the total,and of R$1.46 billion from insurance,pension plans and capitalization bonds operations,representing 26.7% of the total.
4. Total Assets,in September 2018,recorded a balance of R$1.356 trillion,a growth of 3.9% compared to the last quarter. The return on Average Total Assets was 1.6%.
5. Expanded Loan Portfolio,reached R$523.431 billion,a growth of 1.6% compared to the previous quarter and 7.5% compared to the same quarter of the previous year.
6. In the 3rd quarter,the Delinquency over 90 days reached 3.6%,a meaningful performance compared to the previous quarter and 7.5% compared to the same period of the previous year,allowing relevant reduction on Losses of Credits Provision Expenses: 23.3% compared to the same period of the previous year.
7. Fee and Commission Income decrease 0.6% compared to the 2nd quarter and increase 3.2% compared to the 3rd quarter of 2017,emphasizing the positive performance in almost all lines of business.
8. Personnel Expenses totaled R$5.006 billion in the first half,a increase of 3.6% compared to the same period of the previous year and Administrative Expenses totaled R$5.093 billion,a slight increase of 1.3% compared to the 3rd quarter of 2017.
9. Assets under Management totaled R$2.089 trillion,an increase of 4.9% compared to September 2017.
10. Shareholders' Equity,totaled R$115.670 billion,a growth of 4.9% compared to September 2017.
Complete Financial Statements are available on the Investor Relations website - bradesco.com.br/ir-en.
FURTHER INFORMATION:
Investor Relations Area
Tel.: +55 (11) 2194-0922
e-mail: investors@bradesco.com.br