UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of March, 2003

Commission File Number 1-15250
 

 

BANCO BRADESCO S.A.
(Exact name of registrant as specified in its charter)
 

BANK BRADESCO
(Translation of Registrant's name into English)
 

Cidade de Deus, s/n, Vila Yara
06029-900 - Osasco - SP
Federative Republic of Brazil
(Address of principal executive office)
 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 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, March 17th, 2003


To
Security and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC


Ref.: Payment of Monthly Interest on Own Capital
      . Banco Bradesco S.A.


Gentlemen,


               The Board of Executive  Officers of this Bank,  in a meeting held
on this date,  decided to propose to the Board of Directors,  in a meeting to be
held on April 1st, 2003, the payment to the Company's stockholders,  pursuant to
the Corporate Bylaws and legal provisions, of interest 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 that date (April 1st,
2003).

               Upon approval of the  proposal,  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 Income Withholding
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  interest 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 Company 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
              Vice-President Director             Department Director


 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 17, 2003

 
BANCO BRADESCO S.A.
By:
 
/S/  Luiz Carlos Trabuco Cappi

   
Luiz Carlos Trabuco Cappi
Executive Vice-President and Investor Relations Director
 

 
FORWARD-LOOKING STATEMENTS

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.