Media Release: Banco Bradesco S.AAAP MEDIANET BANCO BRADESCO S.AMEDIA RELEASE PR19670.

(From MediaNet Press Release Wire)

SAO PAULO, Brazil, Aug. 8 /PRNewswire-FirstCall-AsiaNet/ -- Banco Bradesco, Brazil's largest private Bank, posted a Net Income of R$ 2.621 billion in 1H05 (equivalent to EPS of R$ 5.34), compared to a Net Income of R$ 1.250 billion in 1H04 (equivalent to EPS of R$ 2.63), i.e., up by 109.7%. The annualized return on average equity was 34.9% in 1H05 (19.4% in 1H04). The Net Income in 2Q05 amounted to R$ 1.416 billion, which represents a 38.1% annualized ROAE for the quarter (34.7% in 1Q05). In 1H05, 68.5% of Bradesco's Net Income was originated from Banking activities, 30.4% from Insurance, Private Pension Plans and Savings Bonds and …