1. 2 bank results shareholders diversification efficiency segments community opportunities

22

BankBank

ResultsResults

ShareholdersShareholders

DiversificationDiversification

EfficiencyEfficiency

SegmentsSegments

CommunityCommunity

OpportunitiesOpportunities

33

Economic OutlookEconomic Outlook

IncorporationsIncorporations

SegmentationSegmentation

Corporate GovernanceCorporate Governance

AcquisitionsAcquisitions


44

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


55

Net IncomeNet Income

1,027

1,250

1H03 1H04

1,027

1,250

1H03 1H04

R$ R$ MillionsMillions

+21.7%+21.7%

609641

1Q04 2Q04

609641

1Q04 2Q04

+5.3%+5.3%

18.719.4

1.4 1.5

1H03 1H04

18.719.4

1.4 1.5

1H03 1H04

%% ROAEROAEROAEROAE

ROAAROAAROAAROAA

%%


19.3

20.5

1.51.5

1Q04 2Q04

19.3

20.5

1.51.5

1Q04 2Q04

ROAEROAEROAEROAE

ROAAROAAROAAROAA

66

Net Income BreakdownNet Income Breakdown

11stst Half 2003 Half 2003 11stst Half 2004 Half 2004

77

Net Income EvolutionNet Income Evolution

1,2501,2501,0271,027

Net

Incom

eN

et

Incom

e1H

03

1H

03

434434N

et

Inte

rest

Net

Inte

rest

Incom

eIn

com

e320320

Loan

Loss

Loan

Loss

Pro

vis

ion

sP

rovis

ion

s

594594

Fee I

ncom

eFee I

ncom

e

(210)(210)

Pers

on

nel

Pers

on

nel

Exp

en

ses

Exp

en

ses

(170)(170)

Ad

min

istr

ati

ve

Ad

min

istr

ati

ve

Exp

en

ses

Exp

en

ses

(293)(293)

Gro

ss I

nsu

ran

ce

Gro

ss I

nsu

ran

ce

Incom

eIn

com

e

236236

Taxes

Taxes

(688)(688)

Oth

ers

Oth

ers

Net

Incom

eN

et

Incom

e1H

004

1H

004


88

CDI*CDI*

5,9775,977

6,4116,411

1H031H03 1H041H04

Net Interest IncomeNet Interest Income

+7.3%+7.3% -7.5%

-7.5%

25.9%25.9% 16.1%16.1% 16.2%16.2% 16.1%16.1%

CDI*CDI*

R$ MillionsR$ Millions

8.3% 7.6%

1Q041Q04 2Q042Q04

3,0813,081

3,3303,330

8.1% 7.5%

* Interbank Rate Accumulated on period and annualized* Interbank Rate Accumulated on period and annualized


99

2,100

2,694

1H03 1H04

2,100

2,694

1H03 1H04

Fee IncomeFee Income

+28.3%+28.3% 1,3191,375

1Q04 2Q04

1,3191,375

1Q04 2Q04

+4.2%+4.2%

R$ MillionsR$ Millions R$ MillionsR$ Millions

1010

509509

630630

394394

482482

246246

423423

271271

371371

285285 301301

124124 1261269090 100100

443535

1818 3131

158158195195

Serv

ice

Serv

ice

Card

sC

ard

s

Asse

Asse tt

Cre

dit

Cre

dit

Collecti

on

Collecti

on

Inte

rban

kIn

terb

an

k

of

Taxes

of

Taxes

Con

sort

ium

Con

sort

ium

Cu

sto

dy

Cu

sto

dy

an

d B

rokera

ge

an

d B

rokera

ge

Oth

ers

Oth

ers

Fee Income Fee Income BreakdownBreakdown

11stst Half 2003 Half 2003 11stst Half 2004 Half 2004


Man

ag

em

en

Man

ag

em

en tt

Op

era

tion

sO

pera

tion

s

Ch

arg

es

Ch

arg

es

Collecti

on

Collecti

on

1111

Balance Sheet HighlightsBalance Sheet Highlights

Total Assets R$ 176.2 BillionTotal Assets R$ 176.2 Billion

+ 31.3%+ 31.3%

Loan Portfolio R$ 58.4 BillionLoan Portfolio R$ 58.4 Billion

+ 12.9%+ 12.9%

Stockholder’s Equity R$ 13.6 Stockholder’s Equity R$ 13.6 BillionBillion

+ 14.1%+ 14.1%

Securities R$ 56.2 Securities R$ 56.2 BillionBillion

+ 10.1%+ 10.1%

Total Deposits R$ 64.1 BillionTotal Deposits R$ 64.1 Billion

+ 9.0%+ 9.0%

1H04 / 1H031H04 / 1H03

1212

Total AssetsTotal Assets

+14.1%

+14.1% +9.5%+9.5%

R$ MillionsR$ Millions R$ MillionsR$ Millions

1313

53,152 56,212

1Q04 2Q04

53,152 56,212

1Q04 2Q04

42,796

56,212

1H03 1H04

42,796

56,212

1H03 1H04

Securities and DerivativesSecurities and Derivatives

+31.3%+31.3%

+5.8%+5.8%

1H031H03 1Q041Q04TradingTrading 4747 (8)(8)

Available forAvailable forSaleSale 2020 507507

Held toHeld toMaturityMaturity 241241 802802

DerivativesDerivatives 9595 11

Market to MarketMarket to Market(R$ Millions)(R$ Millions)



1H04(123)

68

762

-

1414

Loan PortfolioLoan Portfolio

1H031H03 1Q041Q04 1H04/1H031H04/1H03 %%

2Q04/1Q042Q04/1Q04 %%

Total PortfolioTotal Portfolio 53,04853,048 54,89454,894 10.110.1 6.46.4

IndividualsIndividuals 14,40614,406 16,45316,453 23.823.8 8.48.4

AutomobilesAutomobiles 4,6364,636 6,2056,205 46.146.1 9.29.2

Personal LendingPersonal Lending 2,1712,171 2,9402,940 41.941.9 4.84.8

OthersOthers 7,5997,599 7,3087,308 4.94.9 9.19.1

CorporateCorporate 38,64238,642 38,44138,441 5.05.0 5.55.5

Export FinancingExport Financing 5,7435,743 6,1646,164 9.49.4 1.91.9

RuralRural 1,9671,967 1,9121,912 33.633.6 37.437.4

OthersOthers 30,93230,932 30,36530,365 2.42.4 4.34.3


1H041H04

58,40258,402

17,82817,828

6,7736,773

3,0813,081

7,9747,974

40,57440,574

6,2826,282

2,6282,628

31,66431,664

1515

6.2

1.5

7.7

5.7

1.5

7.2

1H03 1H04

Required Additional Total

6.2

1.5

7.7

5.7

1.5

7.2

1H03 1H04

Required Additional Total

90.2

9.8

91.3

8.7

1H03 1H04

Ratings AA-C Ratings D-H

90.2

9.8

91.3

8.7

1H03 1H04

Ratings AA-C Ratings D-H

Asset QualityAsset Quality

143.1

159.0

Coverage

Loan Loss All.Loan Loss All. 4,1094,109 4,1924,192 2.52.5 0.50.5

RequiredRequired 3,2923,292 3,3083,308 0.50.5 --

AdditionalAdditional 817817 884884 10.810.8 2.42.4

1H031H03 1Q041Q04 1H04/1H031H04/1H03 %%

2Q04/1Q042Q04/1Q04 %%

%% %%

4,2134,213

3,3083,308

905905

1H041H04R$ MillionsR$ Millions

1616

56,822

64,133

1H03 1H04

56,822

64,133

1H03 1H04

59,186

64,133

1Q04 2Q04

59,186

64,133

1Q04 2Q04

Breakdown 1H04Breakdown 1H04

Total DepositsTotal Deposits

+12.9%+12.9%

+8.4%+8.4%


%%


1717

12,522

13,650

1H03 1H04

11.5

3.0

10.9

4.8

BIS RatioBIS Ratio

14.514.515.715.7

Stockholder's EquityStockholder's Equity

+9.0%+9.0%


Tier ITier I

Tier IITier II

1H041H041H031H03

Total Capital - 1H04Total Capital - 1H04%%

Tier ITier I69.469.4

Tier IITier II30.630.6

%%

1818

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


1919

Major ShareholdersMajor Shareholders

ON- Common Stock

PN- Preferred Stock

Elo Participações

Família Aguiar

FREE FLOAT

47,44% ON2, 59% PN

5,03% ON5,00% PN

3,58% ON2,71% PN

1,22% ON1,22% PN

25,06% ON 87,43% PN

5,48% ON0,03% PN

12,19% ON1,02% PN

2020

Organization ChartOrganization Chart

General General Stockholder’s Stockholder’s

MeetingMeetingFiscal Fiscal

CouncilCouncil

Board of Board of Executive Executive OfficersOfficers

Board of Board of DirectorsDirectors

Audit Audit CommitteeCommittee

Compliance and Compliance and Internal Controls Internal Controls

CommitteeCommittee

Remuneration Remuneration CommitteeCommittee

Expenses Expenses CommitteeCommittee

Disclosure Disclosure CommitteeCommittee

Information Information Security Security

CommitteeCommittee

2121

Corporate GovernanceCorporate Governance

BestBestPracticesPractices


Tag AlongTag Along

Independent Independent MembersMembers

Level 1 Level 1 BovespaBovespa

NYSE NYSE (20F)(20F)

Code of Code of EthicsEthics

Sarbanes Sarbanes OxleyOxley

Investor Investor RelationsRelations

CommitteCommitteeses

2222

Stockholder's Stockholder's RemunerationRemuneration



Preferred Preferred Stock + 10%Stock + 10%

Stocks Stocks buyback buyback programprogram

Monthly Monthly Dividends Dividends PaymentsPayments

LiquidityLiquidity

Corporate Corporate GovernancGovernanc

eeBylaws Bylaws Min. 30% Min. 30% PaymentPayment

Best Dividend Payment Policy

(Economática)

Major Dividend Payerof Financial Market - Last 10

Years(Lafis Consultoria)

2323

Dividend PaymentDividend Payment

Year 2003Year 2003 11stst Half 2004 Half 2004

*Paid or Accrued*Paid or Accrued

**

PaidPaid ReinvestedReinvested

2424

6.3%

5.6%

6.1%

5.2%

5.9%6.3%

5.6%

6.1%

5.2%

5.9%

779

961

849

1,321

947

1,076

1,347

959

651

599

2000 2001 2002 2003 1S04

779

961

849

1,321

947

1,076

1,347

959

651

599

2000 2001 2002 2003 1S04

Dividend YieldDividend Yield


1,7401,740

2,1702,1702,0232,023

2,3062,306

1,2501,250

PaidPaid ReinvestedReinvested

(Annualized)(Annualized)

*Paid or Accrued*Paid or Accrued

*

2525

Investor RelationsInvestor Relations

Best Practices

IR Website

Road Shows

One-on-Ones

Meeting with Analysts

2626

AcknowledgmentsAcknowledgments

Walter Fredrich PrizeWalter Fredrich Prize20032003

Best Presentation PrizeBest Presentation Prize20032003

The Five Best IR Websites The Five Best IR Websites of Latin America by of Latin America by Technical CriteriaTechnical Criteria

Best Presentation PrizeBest Presentation Prize20032003

2727

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


2828

Diversification StrategyDiversification Strategy

SegmentsSegmentsProducts Products

and and ServicesServices

Distribution Distribution ChannelsChannels

2929

In ThousandsIn Thousands

5,8005,800 6,3006,300

8,7008,700

10,80010,80012,00012,000

13,00013,000

14,50014,500

15,40015,400

Client BaseClient Base

+165.5%+165.5%

3030

ClientsClients

2,0002,000 173,591173,591 9,2839,283 14,69114,691

13.4 Million 13.4 Million Retail ClientsRetail Clients 1.8 Million1.8 Million 1.02 Million1.02 Million 764 764

ThousandThousand

3131

Postal BankPostal Bank

Client Base Evolution (Estimated x Real)Client Base Evolution (Estimated x Real)

0.00.0

25.025.0

50.050.0

75.075.0

100.0100.0

.. 3 3 .. .. .. 11 11 .. .. .. .. .. 24 24 .. .. .. .. 33 33

Estimated PotentialEstimated Potential

RealReal

Time Time (months)(months)

2828

60.8%60.8%

99.9%99.9%

Branches with at least 2 year lifeBranches with at least 2 year life

1.8 Million Clients as of June 20041.8 Million Clients as of June 2004

3232


Net Revenue Evolution (Estimated x Real)Net Revenue Evolution (Estimated x Real)

25.025.0

50.050.0

75.075.0

100.0100.0

125.0125.0

Estimated PotentialEstimated PotentialRealReal

91.8 %91.8 %

50.8 %50.8 %

Time (Time (months)months)

0.00.0 .. 3 3 .. .. .. 11 11 .. .. .. .. .. 24 24 .. .. .. .. 33 33 2828Branches with at least 2 year lifeBranches with at least 2 year life

3333

Products per Client Products per Client RatioRatio

4.624.62

2.682.68

4.484.48

4.784.78

2.812.81

4.644.644.414.41

2.712.71

4.294.294.544.54

2.822.82

4.424.42

Dez 2001Dez 2001 Dez 2002Dez 2002 Dez 2003Dez 2003 Jun 2004Jun 2004

IndividualsIndividuals TotalTotalCorporateCorporate

3434

Distribution Network Distribution Network (As of June 04) (As of June 04)

Regional Market Regional Market ShareShare

23.223.2NorthNorth

19.719.7

18.218.2

13.013.0

TotalTotal 17.717.7

19.819.8

NortheastNortheast

Center-westCenter-west

SoutheastSoutheast

SouthSouth

151 Branches151 Branches


1,704 Branches1,704 Branches


BranchesBranches2,8142,814RetailRetail

171171

33

TotalTotal 3,0543,054

6666PrimePrimeEmpresasEmpresas

CorporateCorporate

257 Branches257 Branches%%

3535

Transaction Transaction BreakdownBreakdown

Transactions Transactions (Millions)(Millions)ATMATM 797.2797.2

TellerTeller 369.2369.2

Call CenterCall Center 205.7205.7InternetInternet 181.9181.9Electronic DebitElectronic Debit 44.144.1

TotalTotal 1,836.91,836.9

Electronic TransmissionElectronic Transmission 238.8238.8

Electronic Electronic OperationsOperations

OperationsOperations with Tellerswith Tellers

79.9%79.9%

20.1%20.1%

First Half, 2004First Half, 2004

3636

Business CyclesBusiness Cycles

Home Broker

Trade Finance

Direct Lending

VGBL/PGBL

Capital Markets

Asset Management

Rural

Onlendings

Consortium

Life Insurance (Low Ticket)

Credit Card Financing

Mortgages

Custody and Brokerage

NewPotentialConstant Growth

Auto Financing

Insurance

Private Pension Plans

(Traditional)

Leasing

Savings Bonds

Accelerated Growth

3737

Consumer FinanceConsumer Finance

Focus on Client:Focus on Client: Customized Products to Customized Products to SegmentsSegments

Total Portfolio:Total Portfolio: R$ 14.3 BillionR$ 14.3 Billion

6.0

2.6

1.31.2

8.2

3.3

1.41.4

1S03 1S04

Auto Direct Lending Leasing Others

6.0

2.6

1.31.2

8.2

3.3

1.41.4

1S03 1S04

Auto Direct Lending Leasing Others

11.111.111.111.1

14.314.314.314.3R$ R$ BillionsBillions

+28.8%+28.8%

Direct Lending Direct Lending OrientedOriented

Auto Financing Auto Financing OrientedOriented

3838

319

1,211

2,983

384

1,465

3,429

1H03 1H04

Savings Bonds Pension Plans Insurance

319

1,211

2,983

384

1,465

3,429

1H03 1H04

Savings Bonds Pension Plans Insurance

Insurance GroupInsurance Group


15.9

21.6

26.3

36.2

16.9

23.724.8

34.6

1H03 1H04

Savings Bonds Life and Pension

Auto/ BL Health

15.9

21.6

26.3

36.2

16.9

23.724.8

34.6

1H03 1H04

Savings Bonds Life and Pension

Auto/ BL Health(Includes RCF e Dpvat)(Includes RCF e Dpvat)

%%

Premiums per LinePremiums per LineEarned PremiumsEarned Premiums

3939

Bradesco’s ShareBradesco’s Share

Source: CVMSource: CVM


2,4282,428

1,0571,057653653

Block TradesBlock TradesDebenturesDebentures CPsCPs

As of June 2003As of June 2003

74% 68%

74%

MercadoMercadoBradesco’s ShareBradesco’s Share

Source: CVMSource: CVM


2,3662,366 2,1402,140

4141

Block TradesBlock TradesDebenturesDebentures CPsCPs

As of June 2004As of June 2004

1%

68%

43%

MarketMarket

20032003


Source: CETIPSource: CETIP

20042004

FIDC - Credit Asset Backed Securities FundsFIDC - Credit Asset Backed Securities Funds

Capital MarketsCapital Markets

4040

(2,492)

19,356

1H03 1H04

(2,492)

19,356

1H03 1H04

9,427

9,929

1Q04 2Q04

9,427

9,929

1Q04 2Q04

Bradesco ConsórciosBradesco Consórcios

3.0%3.0%

59.5%59.5%

37.5%37.5%

Trucks and TractorsTrucks and Tractors

Real EstateReal Estate

AutosAutos

Net Income (R$ Thousands)Net Income (R$ Thousands)

91,986 Consortium Quotas Sold (Accumulated)91,986 Consortium Quotas Sold (Accumulated)

Net Income (R$ Thousands)Net Income (R$ Thousands)

4141

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


4242

* Ratios without non recurring events* Ratios without non recurring events

Efficiency RatioEfficiency Ratio

%%%%

4343

Personnel ExpensesPersonnel Expenses

2,4112,411

Pers

on

nel Exp

en

ses

Pers

on

nel Exp

en

ses

11stst H

alf

2003

Half

2003

4040

Lab

or

Pro

vis

ion

s

Lab

or

Pro

vis

ion

s

In

su

ran

ce G

rou

p I

nsu

ran

ce G

rou

p

3535

Acq

uir

ed

Ban

ks

Acq

uir

ed

Ban

ks

5 M

on

ths (

BEM

+Z

og

bi)

5 M

on

ths (

BEM

+Z

og

bi)

133133

Acq

uir

ed

Ban

k

Acq

uir

ed

Ban

k

5 M

on

ths (

BB

V)

5 M

on

ths (

BB

V)

221221

Wag

e I

ncre

ase

Wag

e I

ncre

ase

2,6302,630

Su

bto

taS

ub

tota

ll

(219)(219)

Expense

s R

educt

ion

Expense

s R

educt

ion

-8.3%-8.3%R$ MillionsR$ Millions

2,2012,201

Pers

on

nel Exp

en

ses

Pers

on

nel Exp

en

ses

11stst H

alf

2004

Half

2004

4444

Administrative ExpensesAdministrative Expenses

2,2542,2542,5862,586

2,4242,424

(162)(162)126126A

cq

uir

ed

Ban

k

Acq

uir

ed

Ban

k

5 M

on

th (

BB

V)

5 M

on

th (

BB

V)

154154

Avera

ge E

xp

en

ses

Avera

ge E

xp

en

ses

Incre

ase

In

cre

ase

(

IGP

-M e

IP

CA

)(I

GP

-M e

IP

CA

)

Su

bto

taS

ub

tota

ll

Expense

s R

educt

ion

Expense

s R

educt

ion

-6.3%-6.3%

5252

Acq

uir

ed

Ban

ks

Acq

uir

ed

Ban

ks

5 M

on

ths (

BEM

+Z

og

bi)

5 M

on

ths (

BEM

+Z

og

bi)

R$ MillionsR$ MillionsA

dm

inis

trati

ve

Ad

min

istr

ati

ve

Exp

en

ses

Exp

en

ses

11stst H

alf

2003

Half

2003

Ad

min

istr

ati

ve

Ad

min

istr

ati

ve

Exp

en

ses

Exp

en

ses

11stst H

alf

2004

Half

2004

4545

Expenses Expenses CommitteeCommittee

Reanalyze all Processes

Revaluation of Personnel Structures

Identification of Targets by Department Identification of Targets by Department

100 Days Program Covering all Departments

4646

Income x ExpensesIncome x Expenses

Increase in

Client BaseCredit

InsuranceFee Income

New

Businesses

Rationalizationof ProcessesRenegotiationsof Contracts

Rationalizationof Branches NetworkIncorporationof Banks

Outsourcingand Partnerships

4747

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


4848

Client BaseClient Base(As of June 2004)(As of June 2004)

3 Platforms3 Platforms9,283 Companies9,283 Companies

171 Branches171 Branches173,591 Clients173,591 Clients

RetailRetail2,814 Branches2,814 Branches

13.4 Million of Clients13.4 Million of Clients

IndividualsIndividuals CompaniesCompanies

2 Structures- SP and RJ 2 Structures- SP and RJ 2,000 Clients 2,000 Clients

66 Branches66 Branches14,691 Companies14,691 Companies

5,013 Branches5,013 Branches1.8 Million of Clients1.8 Million of Clients

53 Branches53 Branches28,679 Sale Points28,679 Sale Points

1.02 Million of Clients1.02 Million of Clients

68 Branches68 Branches28,679 Sale Points28,679 Sale Points

764 Thousand Clients764 Thousand Clients

4949

Importance Importance to Clientto Client

LowLow HigHighh

LowLow

HighHighMutual ReciprocityMutual Reciprocity

TrustTrust

BenefitsBenefits

FacilitiesFacilities

AssertivetyAssertivety

Call CenterCall Center

ATM NetworkATM Network

Generic Mailing ListsGeneric Mailing Lists

Products / ServicesProducts / Services

Focus on ClientFocus on Client

CRMCRM

Finance Finance Institutions Institutions

DeliveryDelivery

5050

Clients Database (CADU) Clients Database (CADU)

Corporate Database (Data Warehouse)Corporate Database (Data Warehouse)

Relationship ManagementRelationship Management(PAN)(PAN)

Management by Management by Objectives/ Targets (POBJ e Objectives/ Targets (POBJ e

BSC)BSC)

Clients Clients

SegmentsSegments

CRM CRM (Bradesco)(Bradesco)

5151

Net RevenuesNet Revenues

Month of June 2004Month of June 2004

Retail 78.4Retail 78.4

Corporate 10.9Corporate 10.9

Middle 5.2Middle 5.2

Prime 3.1Prime 3.1

Private 0.4Private 0.4

Postal Bank 2.0Postal Bank 2.0

Month of June 2003Month of June 2003

R$ 789 MillionsR$ 789 Millions R$ 925 MillionsR$ 925 Millions

Middle 2.4Middle 2.4

Postal Bank 0.9Postal Bank 0.9Prime 0.7Prime 0.7

Private 0.4Private 0.4

Corporate 11.9Corporate 11.9

Retail 83.7Retail 83.7

%% %%

5252

Net Revenues (After Migration)Net Revenues (After Migration)

100.0

112.6

133.0

120.2

132.3137.1

Month 0 Month 1 Month 2 Month 3 Month 4 Month 5

100.0

112.6

133.0

120.2

132.3137.1


Prime Prime

5353

Middle MarketMiddle Market

100.0

111.4108.3

111.1

116.2 118.1


100.0

111.4108.3

111.1

116.2 118.1


Net Revenues (After Migration)Net Revenues (After Migration)

5454

Large CorporateLarge Corporate

Highlights (After Migration)Highlights (After Migration)

20002000 CAGR CAGR

Relationship ManagersRelationship Managers 7070 18%18%

Target Market (Active Groups)Target Market (Active Groups) 754754 14%14%

Gross Annual Revenue by Group (R$Thousands)Gross Annual Revenue by Group (R$Thousands) 768768 10%10%

Assets (R$ Billions)Assets (R$ Billions) 13.513.5 25%25%

Liabilities (R$ Billions)Liabilities (R$ Billions) 7.17.1 32%32%

20042004

140140

1,2791,279

1,1101,110

32.932.9

21.621.6

5555

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


5656

HumanHumanResourcesResources

40%40%

GovernmentGovernment37%37%

StockholdersStockholders14%14%

Reinvestment 9%Reinvestment 9%

As of June 2004As of June 2004As of June 2003As of June 2003

Aggregated ValueAggregated Value

R$ 4.4 BillionsR$ 4.4 Billions R$ 4.7 BillionsR$ 4.7 Billions

HumanHumanResourcesResources

41%41%

GovernmentGovernment32%32%

StockholdersStockholders14%14%

Reinvestment 13%Reinvestment 13%

5757

Social Stock ExchangeSocial Stock Exchange

Sole Initiative in the worldSole Initiative in the world

Environment of Value creation Environment of Value creation

Meeting of Social OrganizationsMeeting of Social Organizationsand Investorsand Investors

You set up your portfolio of Social StocksYou set up your portfolio of Social Stocks

Follow-up of the evolution Follow-up of the evolution of your Social Investmentsof your Social Investments

Funds integrally transferred Funds integrally transferred to the Social Organizationto the Social Organization

Adherence in June 2003 Adherence in June 2003

5858

Social CommitmentSocial Commitment

Micro-LendingMicro-LendingR$ 371.9R$ 371.9MillionMillion

Postal BankPostal Bank1.8 Million1.8 Million

ClientsClients

Art and CultureArt and CultureRestorationsRestorations

ConcertsConcertsBooksBooks

SportsSportsVolleyball and Volleyball and

Basketball Basketball

5959

2003’ Social Return2003’ Social Return


Art and CultureArt and Culture

81 Centers of Sporting Formation Basketball and Volleyball teams4,300 Girls Attended160 athletes and 13 competition teams R$ 8.5 Million contribution

SportsSports

AdditionallyAdditionally

More than 105 thousand students attended. R$ 138.3 Million Budget

Fundação BradescoFundação BradescoMore than 1 thousand Municipalities benefitedInclusion of 9 Million individuals into the Banking Market

Sponsorship of events R$ 15.1 Million contribution

R$14.6 Million contribution in:

Health and Sanitation Hunger Combat Food Security

6060

Bradesco FoundationBradesco Foundation

A Project the Size A Project the Size of Brazilof Brazil

Rural Manual WorkRural Manual Work

Education CentersEducation Centers

SchoolsSchools

CapitalCapital

6161

ProvidesProvideseducation education

to children, adolescents to children, adolescents and adults, specially and adults, specially

the most needing ones,the most needing ones,through schools located through schools located

in regionsin regionswith deep social and with deep social and

economiceconomicdisparitydisparity

105.671 Students105.671 Students Attended in 2003Attended in 2003

40 Schools40 Schools Present in all the Present in all the Brazilian States and Brasília Brazilian States and Brasília

537.896 Students537.896 Students Graduated since Graduated since its Constitution its Constitution

6262

6 Education Centers6 Education Centers of Rural Manual Work of Rural Manual Work

Bradesco’s FoundationBradesco’s Foundation

6262

BankBank

ResultsResults




SegmentsSegments

CommunityCommunity


6363

R$ MilhõesR$ Milhões

Market ValueMarket Value

17,38616,249

15,057

22,73320,404

2000 2001 2002 2003 1S04

Market Value

17,38616,249

15,057

22,73320,404

2000 2001 2002 2003 1S04

Market Value

835889 583728 1,363 835889 583728 1,363 Country Risk - BrazilCountry Risk - Brazil(Period Average)(Period Average)

1.81.81.7

2.5

1.5

Price / Book Value Price / Book Value

6464

Maximizing Stock ValueMaximizing Stock Value

PastPast PresentPresent

Focus on Product

Several BrandsBradesco. BCN. BBV ...

More than3.500 Branches

Revenue Oriented

Concentrated Revenue Stream

Focus on Client

Two BrandsBradesco and Finasa

Revenue / Expense Oriented

Less than3.100 Branches

Diversified Revenue Stream

No Tag Along Tag Along

6565

A Great Investment OpportunityA Great Investment Opportunity

1. 2 bank results shareholders diversification efficiency segments community opportunities

Documents