UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of November, 2002

Commission File Number 1-15250
 
 

BANCO BRADESCO S.A.
(Exact name of registrant as specified in its charter)
 

BANK BRADESCO
(Translation of Registrant's name into English)
 

Cidade de Deus, s/n, Vila Yara
06029-900 - Osasco - SP
Federative Republic of Brazil
(Address of principal executive office)
 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 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____

 

Cidade de Deus, Osasco, SP, November 18, 2002

To
Security and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC

Gentlemen,

Ref.: Payment of Monthly Interest on Own Capital
      . Banco Bradesco S.A.

     The Board of  Executive  Officers of this Bank,  in a meeting  held on this
date,  decided to propose to the Board of Directors,  in a meeting to be held on
December 2, 2002,  the payment to the  Company's  stockholders,  pursuant to the
Corporate Bylaws and legal provisions, of interest on own capital related to the
month of  December/2002,  in the  amount of  R$0,0117650  for  common  stock and
R$0,0129415 for preferred stock, both per lot of one thousand shares, benefiting
the stockholders registered in the Company's records on that date (12.2.2002).

     Upon approval of the proposal, payment will be made on 1.2.2003, at the net
amount of R$0,010 for common stock and R$0,011 for preferred stock, both per lot
of one thousand  shares after  deduction  of Income  Withholding  Tax of fifteen
percent  (15%),  except for the legal entity  stockholders  that are exempt from
this respective taxation, which will receive the declared amount.

     The respective  interest will be computed in the calculation of the minimum
compulsory dividend for the year, as provided in the Corporate Bylaws.

     The Interests relating to stocks under custody at CBLC - Brazilian Clearing
and Depository  Corporation  will be paid to CBLC,  which will be transferred to
the stockholders through the depository Brokers.

                                   Cordially,


                               Banco Bradesco S.A.
                            Luiz Carlos Trabuco Cappi
                          Executive Vice President and
                           Investor Relations Director

 

 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 18th, 2002

 
BANCO BRADESCO S.A.
By:
  
/S/  Luiz Carlos Trabuco Cappi
   
Luiz Carlos Trabuco Cappi
Executive Vice-President and Investor Relations Director
 

 
FORWARD-LOOKING STATEMENTS

         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.