NEW YORK, September 18, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Banco Bradesco S.A. (NYSE: BBD). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=BBD

Highlights from our BBD Report include: 


        
        - Q2 2015 and first semester of 2015 financial results - In a press release dated
          July 30, 2015, Banco Bradesco S.A. reported its Q2 2015 financial results. Adjusted
          Net Income for Q2 2015 stood at R$4,504 million versus R$3,804 million in Q2 2014.
          Adjusted Net Income for the first semester of 2015 (H1 2015) stood at R$8.778 billion,
          up by 20.6% Y-o-Y, corresponding to earnings per share of R$3.35 and return on average
          adjusted equity of 21.9% (prior year: 20.7%). Financial activities contributed R$6.21
          billion to the adjusted net income, representing 70.8% of the total, while R$2.57
          billion came from insurance, pension plans and capitalization bonds operations, which
          together accounted for 29.2%. Net interest income in H1 2015 stood at R$27.14 billion
          with interest earning portion at R$26.69 billion, representing a rise of 17.8% over H1
          2014.



        
        - Other Performance highlights - The Company's total assets stood R$1.03 trillion in
          June 2015, up by 10.6% over the June 2014 balance. The return on average total assets
          was 1.7%, compared to 1.6% reported in June 2014. Moreover, the expanded loan
          portfolio in June 2015 reached R$463.41 billion, up 6.5% over June 2014. In June 2015
          the Company's assets under Management were at R$1.44 trillion, up by 10.7% over June
          2014. The release also informed that the shareholders' equity totaled to R$86.97
          billion in June 2015, representing an increase of 13.2% over June 2014.



        
        - An Update on Basel III ratio and delinquency ratio - The Company also noted that
          Basel III Ratio, calculated based on the Prudential Consolidated stood at 16.0% in
          June 2015, 12.8% of which was classified as Common Equity / Tier I. Meanwhile, the
          Delinquency Ratio over 90 days was 3.7% on June 30, 2015. Also, the operating
          efficiency ratio in June 2015 was 37.9% vis-a-vis 40.9% in June 2014, while in the
          "risk-adjusted" concept, it stood at 46.5% compared to 50.0% in June 2014. .



        
        - Other Financial and Business Updates - In the first semester of 2015, Insurance
          Written Premiums, Pension Plan Contributions and Capitalization Bond Income amounted
          to R$30.36 billion, up 19.3% from the same period in 2014. Technical Reserves stood at
          R$164.57 billion, an increase of 15.3% compared to the balance in June 2014. The
          release also informed that in July 2015, Bradesco, through Bradesco Financiamentos,
          has entered into a partnership agreement with the Fiat Chrysler Automoveis Brasil (FCA
          Brasil) and Banco Fidis, for a period of 10 years, to finance vehicles of the brands
          Jeep, Chrysler, Dodge and Ram in Brazil.

To find out how this influences our rating on Banco Bradesco S.A., read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=BBD

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