SECURITIES AND EXCHANGE COMMISSION
06029-900 - Osasco - SP
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
Material Fact
In compliance with Paragraph 4 of Article 157 of Law No. 6,404/76 and CVM Instruction No. 358/2002, Banco Bradesco S.A. (Bradesco) hereby informs the market that it is adjusting its guidance for 2016 (New Guidance), as a result of the conclusion of the operation to acquire HSBC Bank Brasil S.A. – Banco Múltiplo (HSBC Brasil), on July 1, 2016.
The New Guidance does not impact the annual result expected based on previous projection.
Additionally, the “Pro Forma” column on the table below informs the joint projection of Bradesco and HSBC Brasil, based on the sum of the banks’ historic data. Data on the “Pro Forma” column is merely illustrative and should not be considered as effective.
| New Guidance | "Pro Forma" | |||
| Indicator | Previous Projection | Considering HSBC Brasil as of | Considering HSBC Brasil as of | |
| the third quarter of 2016 | January 2015 | |||
| Loan Portfolio(1) | -4% to 0% | 8% to 12% | -7% to -3% | |
| Individuals | 1% to 5% | 13% to 17% | 0% to 4% | |
| Companies | -7% to -3% | 5% to 9% | -9% to -5% | |
| Interest Earning Portion | 7% to 11% | 13% to 17% | 3% to 7% | |
| Fee and Commission Income | 7% to 11% | 12% to 16% | 3% to 7% | |
| Operating Expenses(2) | 4% to 8% | 12% to 16% | -2% to 2% | |
| Insurance Premiums | 8% to 12% | 8% to 12% | 8% to 12% | |
| ALL Expenses (-) Credits Recovered(3) | (18,000) to (20,000) | (20,000) to (22,500) | (22,500) to (25,000) | |
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(1) Expanded Loan Portfolio |
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| (2) Administrative and Personnel Expenses | ||||
| (3) R$ Million | ||||
Cidade de Deus, Osasco, SP, November 10, 2016.
Banco Bradesco S.A.
Luiz Carlos Angelotti
Executive Managing Officer and
Investor Relations Officer
Should you have any questions or require further information, please contact:
Mr. Carlos Wagner Firetti, phone 55 11 2194-0921, e-mail: carlos.firetti@bradesco.com.br;
Mrs. Ivani Benazzi de Andrade, phone 55 11 2194-0924, e-mail: ivani.andrade@bradesco.com.br; or
Mr. Carlos Tsuyoshi Yamashita, phone 55 11 2194-0920, e-mail: carlos.yamashita@bradesco.com.br.
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BANCO BRADESCO S.A. | ||
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By: |
/S/ Luiz Carlos Angelotti
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| Luiz Carlos Angelotti Executive Managing Officer and Investor Relations Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.