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, February 11th, 2010
Securities and Exchange CommissionRef.: Bradesco executes memorandum of understanding with BB and Santander aiming at the consolidation of operations of their respective External Automated Teller Machines
Banco Bradesco S.A., Banco do Brasil S.A. and Banco Santander (Brasil) S.A., hereby inform that on the date hereof they have executed a memorandum of understanding with the aim of consolidating the operations of their respective External Automated Teller Machines (the External ATMs - automated teller machines installed outside the branches), such as those installed in airports, fuel stations, supermarkets, shopping centres, drugstores and bus terminals.
With the conclusion of this transaction, these Banks intend to have a business model that will permit its clients to use approximately eleven thousand External ATMs. This model would significantly increase the availability and penetration of the self-service network, and create efficiency gains when compared to the current manner that the ATM network is used by each bank.
The model contemplates the creation of a brand that will identify the consolidated network.
The memorandum of understanding is not binding. The banks intend to conclude the transaction in approximately five months, as of the current date.
Additional relevant information shall be disclosed to the market as the negotiations and future decisions evolve.
Cidade de Deus, Osasco, SP, February 11th, 2010
Cordially
Banco Bradesco S.A.
Domingos Figueiredo de Abreu
Executive Vice President and
Investor Relations Officer
BANCO BRADESCO S.A. |
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By: |
/S/ Domingos Figueiredo de Abreu
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Domingos Figueiredo de Abreu
Executive Vice-President and
Investor Relations Officer |
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