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:
以下是布拉德斯科銀行（BBD）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
布拉德斯科銀行公佈的23年第四季度經常性淨收入爲29億韓元，這要歸因於該批發銀行對稀缺案件的執法。
批發總額有所增加，而所有大衆零售的減少提振了財務狀況。
市場淨利息收入（NII）有所回升，費用和佣金收入同比增長3.4％。
該銀行報告稱，與2022年相比，保險收入顯著增長21.1％，並預計該保險集團將在2024年增長4％至8％。
運營費用在預期範圍內，預計到2024年將增長5％至9％。
Business Progress:
業務進展：
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.
該銀行正在着手進行戰略轉型，以改善其價值主張，降低運營效率比率並增強其業務模式。
計劃在未來幾年內爲其技術部門僱用3,000至4,000名員工。
結構性變革包括爲數字業務創建新的業務部門和領導層的變動。
該銀行專注於擴大客戶群和改善其對高淨值客戶的價值主張。
利用預計到2028年市場的大幅增長，信貸增長將成爲主要焦點。
該銀行計劃全年加快增長，貸款組合預計增長7％至11％。
努力加強對中小企業的服務，包括在2024年開放122個平台，並計劃將這些平台擴展到巴西的主要城市。
一項關鍵的戰略舉措是將NEXT整合到布拉德斯科的核心業務中，並推出其市場Beonbank。
More details: Bank Bradesco SA(prefer share ADS) IR
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