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 1st, 2003
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 Directors of this Bank, in a meeting held on this
date, approved the Board of Executive Officers proposal for the payment to the
Company's Stockholders, pursuant to the Corporate Bylaws and legal provisions,
of Interests on Own Capital related to the month of April/2003, in the amount of
R$0.0141180 for common stock and R$0.0155298 for preferred stock, both per lot
of one thousand stocks, benefiting the stockholders registered in the Company's
records on this date (April 1st, 2003).
The payment will be made on May 2nd, 2003, at the net amount of
R$0.0120 for common stock and R$0.0132 for preferred stock, both per lot of one
thousand stocks for those stockholders with stock position equal to or over
100,000 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.
For those with stock position up to 99,999 stocks, the payment
will be made on July 1st, 2003, but may be anticipated if the stockholder
presents a written request for that purpose.
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 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 Romulo Nagib Lasmar
Executive Vice-President Department Director
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BANCO BRADESCO S.A.
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| By: |
/S/
Carlos Alberto R. Guilherme
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Carlos Alberto R. Guilherme
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.