Earnings Call Summary | Bank Bradesco SA(prefer Share ADS)(BBD.US) Q4 2023 Earnings Conference
Earnings Call Summary | Bank Bradesco SA(prefer Share ADS)(BBD.US) Q4 2023 Earnings Conference
The following is a summary of the Banco Bradesco S.A. (BBD) Q4 2023 Earnings Call Transcript:
以下是布拉德斯科银行（BBD）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Banco Bradesco reported Q4 '23 recurring net income of KRW2.9 billion, due to enforcement on scarce cases in the wholesale bank.
An increase was seen in the wholesale ALL and a reduction in ALL mass retail buoyed financials.
There was a recovery in market net interest income (NII) and a growth of 3.4% quarter on quarter in fee and commission income.
The bank reported a significant growth of 21.1% in insurance revenue over 2022 and expects the insurance group to grow by 4% to 8% in 2024.
Operating expenses were within the expected guidance and are expected to grow between 5% to 9% in 2024.
布拉德斯科银行公布的23年第四季度经常性净收入为29亿韩元，这要归因于该批发银行对稀缺案件的执法。
批发总额有所增加，而所有大众零售的减少提振了财务状况。
市场净利息收入（NII）有所回升，费用和佣金收入同比增长3.4％。
该银行报告称，与2022年相比，保险收入显著增长21.1％，并预计该保险集团将在2024年增长4％至8％。
运营费用在预期范围内，预计到2024年将增长5％至9％。
Business Progress:
业务进展：
The bank is embarking on a strategic transformation to improve its value proposition, reduce the operating efficiency ratio, and enhance its business model.
Plans are in place to hire 3,000 to 4,000 employees for its technology department over the next few years.
Structural changes include creating new business units for digital businesses and changes in leadership.
The bank is focused on growing the customer base and improving its value proposition for high-net-worth clients.
There's a major focus on credit growth capitalizing on the substantial market growth projected until 2028.
The bank plans on accelerating its growth throughout the year with an expected growth between 7 to 11% in the loan portfolio.
Efforts to enhance services for SMEs, including the opening of 122 platforms in 2024, and plans to expand these platforms throughout major cities of Brazil.
A key strategic initiative is the integration of NEXT into Bradesco's core business and the launch of its marketplace, Beonbank.
该银行正在着手进行战略转型，以改善其价值主张，降低运营效率比率并增强其业务模式。
计划在未来几年内为其技术部门雇用3,000至4,000名员工。
结构性变革包括为数字业务创建新的业务部门和领导层的变动。
该银行专注于扩大客户群和改善其对高净值客户的价值主张。
利用预计到2028年市场的大幅增长，信贷增长将成为主要焦点。
该银行计划全年加快增长，贷款组合预计增长7％至11％。
努力加强对中小企业的服务，包括在2024年开放122个平台，并计划将这些平台扩展到巴西的主要城市。
一项关键的战略举措是将NEXT整合到布拉德斯科的核心业务中，并推出其市场Beonbank。
More details: Bank Bradesco SA(prefer share ADS) IR
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