Transparency and Access to International Investors

In this section, you will find key information about Bradesco’s ADRs listed on the New York Stock Exchange (NYSE). Implemented on November 21, 2001, this initiative has not only increased the liquidity of Bradesco’s shares but has also provided investors – especially foreign ones – with greater transparency, thanks to the adoption of financial statements under the “US GAAP” standard used in the United States.

As of 2012, based on 2011 data, the financial statements filed with the U.S. Securities and Exchange Commission (SEC) started to be prepared under International Financial Reporting Standards issued by the IASB. On March 13, 2012, Bradesco increased the trade volume of ADRs backed by common shares on the New York Stock Exchange.

We underline that the American Depositary Receipts (ADRs) were created to facilitate the access of U.S. investors to the shares of foreign companies. Through this instrument, a certain number of shares is represented by an ADR, which is priced and traded in U.S. dollars on the U.S. stock market. The payment of dividends and other distributions in cash relative to the shares backed by ADRs are also made in U.S. dollars and sent directly to the depository bank abroad, which is responsible for transferring said payments to shareholders within an average period of ten calendar days after payment in Brazil. You can consult dividend payment history in the “Dividends and Distributions” section through the links below:

History of Common and Preferred ADRs traded on the New York Stock

Bradesco is one of the most important financial institutions in Brazil, and its shares are widely traded in the capital markets. In Brazil, the shares are traded on B3 – Brasil, Bolsa, Balcão – under the codes BBDC3 (common shares – ON) and BBDC4 (preferred shares – PN). In addition, the bank is listed on Level 1 of Corporate Governance of B3, reaffirming its commitment to transparency and good management practices.