Dear Sir/Madam,

In accordance with paragraph 4 of Article 157 of Law No. 6,404/1976 and CVM Instruction No. 358/2002, Banco Bradesco S.A. hereby announces to the market its 2017 growth guidance.

Indicator Guidance "Pro Forma" (1)
Loan Portfolio(2) 1% to 5% 1% to 5%
NII-Interest-Earning Portion 3% to 7% -4% to 0%
Fee and Commission Income 12% to 16% 7% to 11%
Operating Expenses(3) 10% to 14% -1% to 3%
Insurance Premiums 6% to 10% 4% to 8%
ALL Expenses(4) R$21 billion to
R$24 billion 		R$21 billion to
R$24 billion


(1) Joint projection of historical data of Bradesco and HSBC Brasil since January 2016, which must not be regarded as effective
(2) Expanded loan portfolio
(3) Administrative and Personnel expenses
(4) Includes Income from credit recovery

The projections are not guarantees of future performance and they involve risks and uncertainties given that they are based on assumptions and that they depend on future events that may not happen.

Cordially,

Banco Bradesco S.A.
Alexandre da Silva Glüher
Executive Vice President and
Investor Relations Officer

Institutional Service: Ivani Benazzi de Andrade, Phone: (55 11) 2194-0924 or Carlos Tsuyoshi Yamashita, Phone: (55 11) 2194-0920
Individual Service: Andressa Vallilo Ramalho, Phone.: (55 11) 2194-0917

Banco Bradesco SA published this content on 02 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 February 2017 13:14:07 UTC.

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