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Banco Bradesco proposes interest on own capital payment

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Banco Bradesco proposes interest on own capital payment

The executive board of Banco Bradesco SA proposed a 4.82 billion Brazilian reais payment of interest on own capital complementary to the company's shareholders.

The amount corresponds to a net amount of about 64.13 centavos per common share and 70.54 centavos per preferred share, the bank said in a Dec. 7 filing.

Should it be approved, the payment will be made March 8, 2018, to shareholders of record as of Dec. 22.

As of Dec. 6, US$1 was equivalent to 3.24 Brazilian reais.