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____
Osasco, São Paulo, Brazil, December 6, 2004
To
Securities and
Exchange Commission
Office of International Corporate Finance
Division of Corporate
Finance
Washington, DC
Gentlemen,
Ref.: Payment of
Complementary 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 Officer’s proposal for the payment to the Company’s Stockholders, in accordance with legal and statutory provisions, of Complementary Interest on Own Capital relating to the fiscal year 2004, in the amount of R$5.439542815 per common stock and R$5.983497096 per preferred stock, representing approximately 39 times the monthly paid interest, benefiting the stockholders registered in the Bank’s books on this date (December 6, 2004).
The payment shall be settled on 2.15.2005, in the net amount of R$4.623611393 per common stock and R$5.085972532 per the preferred stock, after a 15% (fifteen percent), withholding Income Tax, except for corporate entities stockholders, which are exempted from this taxation, and thus will receive the declared amount.
The Interest on Own Capital related to the stocks deposited at CBLC (Brazilian Clearing and Depositary Corporation) shall be paid to the referred CBLC, which will transfer this interest to the stockholders by means of depositor Brokerage Houses.
The table below presents a statement the paid and declared Interest on Own Capital relating to the fiscal year 2004:
| Monthly | 281,317,361.58 |
| 1st half - Intermediary | 140,644,361.78 |
| Complementary of fiscal year 2004 | 903,038,999.96 |
| Total | 1,325,000,993.32 |
| Type | Total Monthly |
1st half - Intermediary | Complementary of fiscal year 2004 |
Total |
| Common (ON) | 1.694160000 | 0.847080000 | 5.439542815 | 7.980782815 |
| Preferred (PN) | 1.863576000 | 0.931788000 | 5.983497096 | 8.778861096 |
The capital remuneration policy adopted by Bradesco, aims the distribution of Interest on Own Capital in the maximum calculated amount in conformity with the current legislation.
The amounts distributed as Interest on Own Capital are included, net of withholding Income Tax, in the calculation of the mandatory dividends, as provided in the Company´s By-Laws.
| Cordially, | |
| Banco Bradesco S.A. | |
| José Luiz Acar Pedro | |
| Executive Vice President and | |
| Investor Relations Director |
|
BANCO BRADESCO S.A.
| ||
| By: |
/S/
José Luiz Acar Pedro
| |
|
José Luiz Acar Pedro
Executive Vice President and Investor Relations Director
| ||
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.