Banco Bradesco 4Q14 Results

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.