Bradesco’s net income is $1.2 bn, up 2.3% in one year

Bradesco reported a recurring net profit of R$6.8 billion ($1.2 bn) in the fourth quarter of 2020, the highest quarterly result in the bank’s history, 2.3% higher than a year earlier and up 35.2% on the previous three months. However, progress was insufficient to prevent the fall in the year-to-date figure, marked by an increase in provisions in the midst of the crisis caused by the pandemic. The bank ended 2020 with an accumulated profit of R$19.458 billion ($3.5 bn), a 24.8% contraction compared to 2019.

Source: 6 Minutos