The key figures reported by Banco Bradesco SA (ADR)(NYSE:BBD) in the initial nine months of 2017, in view of the alliance, from July 1, 2016, of HSBC Bank Brasil S.A. and its subsidiary firms. Adjusted Net Income for the initial nine months of 2017 came at R$14.162 billion, a jump of 11.2% versus R$12.736 billion posted in the same period of 2016, corresponding to EPS of R$3.05.
As for the source, Banco reported that the Adjusted Net Income is constituted of R$10.035 billion from financial activities, exhibiting 70.9% of the aggregate, and of R$4.127 billion from pension plans, capitalization bond operations and insurance, which together comprise for 29.1%. On September 30, 2017, the company’s market cap was R$208.250 billion, demonstrating a jump of 29.8% over September 2016. Total Assets, in September 2017, came at R$1.312 trillion, a jump of 3.3% over September 2016.
Banco reported that in September 2017, the expanded loan portfolio touched R$486.864 billion, a drop of 6.7% over September 2016. Operations with individuals came at R$172.207 billion, a jump of 0.7% over September 2016, while operations with firms totaled R$314.657 billion, a 10.3% drop over September 2016.
Bradesco firm is fully committed to the socioeconomic advancement of the nation. They establish their business strategies and guidelines with a view of implementing the best sustainability measures, considering the potential and the context of each region, thus leading to the creation of shared value in the long-term.
To strengthen this position, they emphasized adherence to internationally recognized business measures, such as Global Compact, Equator Principles, Sustainable Development Goals (SDG), Principles for Responsible Investment (PRI), CDP (Carbon Disclosure Program), Companies for Climate Change and GHG Protocol Program.
The Board of Directors monitors the sustainability discussions. Excellence in business management is known by the main indexes of Sustainability, like the DJSI – “World and Emerging Markets”, of the NYSE, the Corporate Sustainability Index, and the Carbon Efficient Index, both from B3.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of financialstrend.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: