Tuesday, February 1, 2011

Bradesco Fourth-Quarter Profit Rises 46% on Lending

Banco Bradesco SA, Brazil’s second-
biggest bank by market value, said adjusted fourth-quarter
profit rose 46 percent as lending in Latin America’s largest
economy rose to a record.
Adjusted net income, which excludes one-time items,
increased to 2.68 billion reais ($1.59 billion), or 2.61 reais
per share, from 1.84 billion reais, or 2.02 reais, a year
earlier, the Osasco, Brazil-based bank said in a regulatory
filing today. The

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