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Banco Bradesco 4Q17 Results

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SAO PAULO, Feb. 1, 2018 /PRNewswire/ — The main figures reported by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) in 2017, considering the consolidation, from July 1, 2016, of HSBC Bank Brasil S.A. and its subsidiaries (HSBC Brasil):

1. Recurring Net Income for 2017 stood at R$19.024 billion (an increase of 11.1% over the R$17.121 billion in Recurring Net Income in 2016), corresponding to earnings per share of R$3.13, and return on Average Adjusted Shareholders’ Equity of 18.1%.

2. As for the source, the Recurring Net Income is composed of R$13.490 billion from financial activities, representing 70.9% of the total, and of R$5.534 billion from insurance, pension plans and capitalization bond operations, which together account for 29.1%.

3. On December 31, 2017, Bradesco’s market capitalization stood at R$200.521 billion, showing a growth of 24.7% over December 2016.

4. Total Assets, in December 2017, stood at R$1.298 trillion, an increase of 0.4% over December 2016. The annualized return on Average Total Assets was 1.5%.

5. In December 2017, the Expanded Loan Portfolio reached R$492.931 billion, a 4.3% decrease over December 2016. Operations with individuals totaled R$175.469 billion (an increase of 2.0% over December 2016), while operations with companies totaled R$317.462 billion (a 7.4% decrease over December 2016).

6. Assets under Management stood at R$1.987 trillion, a 4.3% increase over December 2016. 7. Shareholders’ Equity totaled R$110.457 billion in December 2017, 10.0% higher than in December 2016. The Basel III Ratio, based on the Prudential Conglomerate stood at 17.1%, 13.1% of which is Tier I Capital.

8. A total of R$7.204 billion was paid and provisioned to shareholders as Interest on Shareholders’ Equity for the profit generated in 2017, R$2.384 billion of which was paid in monthly and interim installments, and R$4.820 billion was provisioned.

9. The Interest-Earning Portion of the NII totaled R$62.775 billion in 2017, showing a decrease of 0.5% compared to 2016.

10. The 90-day Delinquency Ratio stood at 4.7% in the end of December 2017, a decrease of 0.8 p.p. compared to December 2016.

11. The Efficiency Ratio (ER), excluding the effect of impairment of financial assets was 40.8% in December 2017 (38.9% in December 2016).

12. Insurance Written Premiums, Pension Plan Contributions and Capitalization Bond Income totaled R$76.289 billion in 2017, up 6.8% when compared with 2016. Technical provisions stood at R$246.653 billion, an increase of 10.4% compared with the balance in December 2016.

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