Earnings Call Summary | Bank Bradesco SA(prefer Share ADS)(BBD.US) Q1 2024 Earnings Conference
Earnings Call Summary | Bank Bradesco SA(prefer Share ADS)(BBD.US) Q1 2024 Earnings Conference
The following is a summary of the Banco Bradesco S.A. (BBD) Q1 2024 Earnings Call Transcript:
以下是布拉德斯科銀行（BBD）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Banco Bradesco reported a recurring net income of BRL4.2 billion, a flat quarter-to-quarter but a 46% improvement over Q1 2023.
Improved Allowance for Loan and Lease Losses (ALLL) led to a reduced Non-Performing Loan (NPL) ratio.
Recorded growth across all loan segments.
Loan portfolio growth took precedence over margin expansion despite challenges in net interest income.
4.4% growth was reported in operating expenses.
An increase in provisioning, amounting to BRL380 million, was reported mainly for products like pension funds.
Net interest income dropped by 14% YoY.
Decrease of approximately 13% reported in checking accounts year-on-year.
布拉德斯科銀行公佈的經常性淨收入爲42億巴西雷亞爾，同比持平，但與2023年第一季度相比增長了46％。
貸款和租賃損失備抵金（ALLL）的改善導致不良貸款（NPL）率降低。
所有貸款領域均錄得增長。
儘管淨利息收入面臨挑戰，但貸款組合的增長優先於利潤率的擴大。
據報道，運營費用增長了4.4％。
據報道，準備金增加了 BRL380 百萬美元，主要用於養老基金等產品。
淨利息收入同比下降14％。
支票賬戶報告的同比下降了約13％。
Business Progress:
業務進展：
Notable performance improvement was reported in the insurance sector with increased premium income, pension plan contributions, and technical provisions.
Revising strategic plan entailed organizational restructuring, which Reduced leadership layers and Increased the span of control.
Filled two new executive positions with external hires, including a credit director and the head of the digital unit.
Increase in branch count by 122 specifically for companies resulting in 143,000 new clients.
Predicted expansion of the client base to 250,000 by year-end.
Expectation to amplify revenues and increase return rates by focusing on customer segmentation.
Prioritizing swift credit services by unifying processes into a new credit business unit.
Making efforts to manage the balance between demand deposits and mix by working with companies and SMEs.
Reframing its strategy with NEXT to utilize its insights for overall business efficiency and growth.
Implementing management and culture revamps in the strategic plan for leanness and efficiency.
Further growth impacts from the strategic plan launched in Feb '19 expected in future quarters.
據報道，隨着保費收入、養老金計劃繳款和技術準備金的增加，保險業的業績顯著改善。
修訂戰略計劃需要組織重組，這減少了領導層，擴大了控制範圍。
通過外部僱員填補了兩個新的高管職位，包括信貸董事和數字部門負責人。
專門針對公司的分支機構數量增加了122個，從而產生了14.3萬名新客戶。
預計到年底客戶群將擴大到25萬人。
期望通過專注於客戶細分來擴大收入和提高回報率。
通過將流程統一爲新的信貸業務部門，優先考慮快速信貸服務。
通過與公司和中小企業合作，努力管理活期存款和混合存款之間的平衡。
與NEXT一起重新制定其戰略，以利用其見解來提高整體業務效率和增長。
在戰略計劃中實施管理和文化改革，以實現精簡和效率。
預計未來幾個季度將對19年2月啓動的戰略計劃產生進一步的增長影響。
More details: Bank Bradesco SA(prefer share ADS) IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。