Bradesco Results in the 3rd Quarter of 2018

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Bradesco Results in the 3rd Quarter of 2018

PR Newswire

SAO PAULO, Nov. 1, 2018 /PRNewswire/ -- 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, in September 2018, 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, in September 2018, 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: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/bradesco-results-in-the-3rd-quarter-of-2018-300742436.html

SOURCE Banco Bradesco S.A.

Copyright CNW Group 2018

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