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, February 5, 2004
To
Securities and
Exchange Commission
Office of International Corporate Finance
Division of Corporate
Finance
Washington, DC
Gentlemen,
We hereby inform that we will be publishing in the Brazilian Press tomorrow, the 6, a Relevant Fact with the following content:
“The Federal Reserve
Bank (FED) authorizes Banco Bradesco S.A.
to operate in
the United States as a Financial Holding Company
Banco Bradesco S.A. (Bradesco) obtained from The Board of Governors of the US Federal Reserve System, on January 30, 2004, the status of Financial Holding Company.
This status, granted after a rigorous analysis of several aspects determined by the US banking legislation, including the high capitalization level of Bradesco and the quality of its Management, will allow this Bank, directly or through its subsidiaries, when appropriate, to operate in the US market, performing the same financial activities performed by local banks, of which we highlight the following transactions:
securities market (underwriting, private placement and market-making);
merger and acquisitions, portfolio management and financial services (merchant banking);
mutual funds portfolio management;
insurance sales.
Bradesco, in addition to its New York branch, already operates in the United States through Bradesco Securities, Inc. (broker dealer), its wholly-owned subsidiary, which focuses is the intermediation of stocks purchase and sale, mostly ADRs transactions, besides dealing with Bonds, Commercial Paper, Certificates of Deposit and other securities, being also permitted to render Investment Advisory services.
Thus, Bradesco strengthens its operations in Investment Banking, enlarging the opportunity to perform several financial activities in the US market, contributing for the increase in the number of transactions involving Brazilian companies and driving the flow of foreign investments to Brazil.”.
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 | ||
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.