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____
Cidade de Deus, Osasco, SP, December 16th, 2002
To
Security and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC
Gentlemen,
Ref.: Payment of Monthly Interest on Own Capital
Banco Bradesco S.A.
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 January
2nd, 2003, the payment to the Company's stockholders, pursuant to the Corporate
Bylaws and legal provisions, of interest on own capital related to the month of
January/2003, in the amount of R$0.0117650 for common stock and R$0.0129415 for
preferred stock, both per lot of one thousand shares, benefiting the
stockholders registered in the Company's records on that date (January 2nd,
2003).
Upon approval of the proposal, payment will be made on February 3rd, 2003, at
the net amount of R$0.010 for common stock and R$0.011 for preferred stock, both
per lot of one thousand shares for those shareholders with stock position equal
to or over 100,000 shares, after deduction of Income Withholding Tax of fifteen
percent (15%), except for the legal entity stockholders that are exempt from
this respective taxation, which will receive the declared amount.
For those with stock position up to 99,999 shares, the payment will be made on
July 1st, 2003, but may be anticipated if the shareholder presents a written
request for that purpose.
The respective interest 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 Clearing and
Depository Corporation will be paid to CBLC, independently the stockholder
position which will be transferred to the stockholders through the depository
Brokers.
Cordially,
Banco Bradesco S.A.
Milton Almicar Silva Vargas Carlos Alberto R. Guilherme
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BANCO BRADESCO S.A.
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| By: |
/S/
Carlos Alberto Rodrigues Guilherme
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Carlos Alberto Rodrigues Guilherme
Executive Managing 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.