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, January 2nd, 2003
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 Directors of this Bank, in a meeting held on this date, approved the Board of Executive Officers proposal for the payment to the Company’s Stockholders, pursuant to the Corporate Bylaws and legal provisions, of Interests on Own Capital related to the month of January/2003, 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 this date (January 2nd, 2003).
The payment will be made on February 3rd, 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 for those shareholders with stock position equal to or over 100,000 shares, after deduction of Withholding Income Tax of fifteen percent (15%), except for the legal entity stockholders that are exempt from this respective taxation, which will receive the declared amount.
For those with stock position up to 99,999 shares, the payment will be made on July 1st, 2003, but may be antecipated if the shareholder presents a written request for that purpose.
The respective Interests 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, independently the stockholder position 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
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BANCO BRADESCO S.A.
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| By: |
/S/
Luiz Carlos Trabuco Cappi
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Luiz Carlos Trabuco Cappi
Executive Vice-President and Investor Relations Director
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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.