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, June 17th, 2003
To
Security and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC
Ref.: Payment of Intermediary Interests on Own Capital
. Banco Bradesco S.A.
Gentlemen,
The Board of Executive Officers of this Bank, in a meeting held on this date,
decided to propose to the Board of Directors, in a meeting to be held on June
30, 2003, the payment to the Company’s stockholders, pursuant to the Corporate
Bylaws and legal provisions, of intermediary interests on own capital related to
the 1st half 2003 period, in the amount of R$0,141180 for common stock and
R$0,155298 for preferred stock, both per lot of one thousand stocks, equivalent
to 10 regular monthly interests on Own Capital payments, benefiting the
stockholders registered in the Company’s records on that date (June 30, 2003).
Upon approval of the proposal, payment will be made on July 31, 2003, at the net
amount of R$0,120 for common stock and R$0,132 for preferred stock, both per lot
of one thousand stocks, after deduction of Withholding Income Tax of fifteen
percent (15%), except for the legal entity stockholders that are exempt from
this respective taxation, which will receive the declared amount.
The respective Interests will be computed in the calculation of the minimum
compulsory dividend for the year, as provided in the Corporate Bylaws.
The Interests relating to stocks under custody at CBLC - Brazilian Company and
Depository Corporation will be paid to CBLC, will be transferred to the
stockholders through the depository Brokers.
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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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.