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, April 19th, 2005
Securities and
Exchange Commission
Office of International Corporate Finance
Division of Corporate
Finance
Washington, DC
Dear Sirs,
We hereby inform you that this Company by means its subsidiary Finasa Promotora de Vendas Ltda. (Finasa) on 4.15.2005, entered into with Banco Morada S.A. and Morada Investimentos S.A. (hereinafter referred to as Morada Group), an Agreement for the assignment and transfer or quotas and other covenants, related to the transfer of Consumer’s Financing Business, comprising the operations of Personal Loan and Consumer’s Direct Loan, by means of the acquisition of the totality of the capital stock of Morada Serviços Financeiros Ltda. (Morada Serviços), for the amount of R$80 million, to be paid in cash.
Morada Group has been operating in the domestic financial market for more than 36 years and will continue regularly operating in other segments of the market, in operations not competing with the business transferred herein to Bradesco.
This acquisition shall enable Finasa to expand the offering of its retail products, including Bradesco’s products, from checking account to insurance, supplementary private pension, savings bonds and consortium products, by means of Morada Serviços’ operational platform.
With this acquisition, Finasa’s network will be increasing as follows:
| Main Data | Finasa | Morada Serviços |
Total |
| Affiliated Establishments | 19,259 | 3,600 | 22,859 |
| Registered Clients (in millions) | 10.1 | 1.1 | 11.2 |
| Branches | 123 | 33 | 156 |
A 28%-growth in the production of Personal Loans and a 15%-growth in Consumer’s Direct Loans of Finasa are expected, taking into consideration the budget for these products and the maintenance of Morada Serviços’ current productivity.
Cordially,
Banco Bradesco S.A.
José Luiz
Acar Pedro
Executive
Vice President and
Investor
Relations Director
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BANCO BRADESCO S.A.
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| By: |
/S/
José Luiz Acar Pedro
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|
José Luiz Acar Pedro
Executive Vice President and Investor Relations Director
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