Companies		R$ thousand
		Equity interest			Shareholding interest with voting rights			Investment book value			Equity in net income (loss)				Associates and joint ventures current assets			Associates and joint ventures non - current assets			Associates and joint ventures current liabilities			Associates and joint ventures non - current liabilities			Revenue (1)			Associates and joint ventures net income (loss) for the year

Cielo S.A. (2)		30.06%			30.06%			4,832,660			1,219,202				76,403,596			13,151,540			71,020,292			6,833,491			2,561,394			4,056,077
IRB - Brasil Resseguros S.A. (3) (4)		15.23%			15.23%			543,025			182,432				8,512,491			6,124,173			10,138,711			947,514			3,550,438			1,197,846
Fleury S.A. (3) (6)		16.28%			16.28%			692,380			46,791				1,389,026			2,224,500			615,510			1,263,331			2,609,717			287,414
Aquarius Participações S.A. (7)		49.00%			49.00%			263,630			116,070				242,617			532,707			237,305			-			38			236,878
Haitong Banco de Investimento do Brasil S.A.		20.00%			20.00%			105,649			(22,637)				3,588,848			1,283,453			3,565,394			726,468			5,432,770			(113,185)
Cia. Brasileira de Gestão e Serviços S.A.		41.85%			41.85%			118,781			16,530				285,871			118,394			33,305			8,320			61,185			39,498
NCR Brasil Indústria de Equipamentos para Automação S.A. (3) (9)		49.00%			49.00%			46,039			4,108				221,809			28,788			141,520			-			1,270			8,384
Tecnologia Bancária S.A. (3)		24.32%			24.32%			108,752			10,209				242,480			75,702			590,872			496,090			2,534,235			41,973
Swiss Re Corporate Solutions Brasil (Nota 43-5) (3)		40.00%			40.00%			463,400			(26,437)				2,178,209			1,511,924			2,411,600			437,278			490,079			(66,093)
Gestora de Inteligência de Crédito S.A. (Nota 43-1) (3)		20.00%			20.00%			29,513			(4,642)				118,961			43,253			18,594			-			-			(23,210)
Other (3)		-			-			7,129			2,361				-			-			-			-			-			-
Total investments in associates								7,210,958			1,543,987				93,183,908			25,094,434			88,773,103			10,712,492			17,241,126			5,665,582

Elo Participações S.A. (10)		50.01%			50.01%			978,195			162,070				420,804			1,776,837			96,763			3,967			18,708			324,075
Crediare S.A. - Crédito, Financiamento e Investimento		50.00%			50.00%			68,231			12,393				339,236			119,406			324,764			-			161,107			24,786
MPO - Processadora de Pagamentos Móveis S.A.		50.00%			50.00%			-			(39)				2,198			1,612			2			3,881			227			(78)
Total investments in joint ventures								1,046,426			174,424				762,238			1,897,855			421,529			7,848			180,042			348,783
Total on December 31, 2017								8,257,384			1,718,411				93,946,146			26,992,289			89,194,631			10,720,340			17,421,168			6,014,365

Companies			R$ thousand
			Equity interest			Shareholding interest with voting rights			Investment book value			Equity in net income (loss)		Associates and joint ventures current assets			Associates and joint ventures non - current assets			Associates and joint ventures current liabilities			Associates and joint ventures non - current liabilities			Revenue (1)			Associates and joint ventures net income (loss) for the year

Cielo S.A.			30.06%			30.06%			4,108,743			1,204,520		13,699,378			10,654,621			15,004,712			-			392,167			4,007,233
IRB - Brasil Resseguros S.A. (3) (4)			20.51%			20.51%			662,460			132,668		8,484,793			5,828,133			10,238,221			844,876			3,185			646,823
Fleury S.A. (3) (6)			16.39%			16.39%			651,906			17,506		1,343,162			2,021,981			429,411			1,166,607			2,045,898			106,829
Aquarius Participações S.A. (7)			49.00%			49.00%			263,632			73,640		150,233			538,267			150,474			-			-			150,286
Haitong Banco de Investimento do Brasil S.A.			20.00%			20.00%			127,922			1,596		8,187,596			493,325			8,041,309			-			4,243,442			7,980
Cia. Brasileira de Gestão e Serviços S.A.			41.85%			41.85%			102,251			18,517		247,475			109,390			44,890			-			22,642			44,246
Tecnologia Bancária S.A. (3)			24.32%			24.32%			98,543			71,232		193,546			1,117,398			499,341			406,459			686,800			292,862
NCR Brasil Indústria de Equipamentos para Automação S.A. (3)			49.00%			49.00%			73,789			(7,024)		171,823			27,780			111,755			-			330,985			(14,335)
Empresa Brasileira de Solda Elétrica S.A. (3) (9)			-			-			-			3,168		-			-			-			-			-			-
Total investments in associates									6,089,246			1,515,823		32,478,006			20,790,895			34,520,113			2,417,942			7,725,119			5,241,924

Elo Participações S.A.			50.01%			50.01%			849,355			198,457		352,179			1,596,527			107,627			-			18,879			396,835
Crediare S.A. - Crédito, Financiamento e Investimento			50.00%			50.00%			64,174			8,721		443,978			3,883			317,298			-			164,026			17,442
MPO - Processadora de Pagamentos Móveis S.A.			50.00%			50.00%			3			(49)		3,538			-			3,532			-			256			(98)
Leader S.A. Adm. de Cartões de Crédito (3) (8)			-			-			-			(23,227)		-			-						-			-			-
Total investments in joint ventures									913,532			183,902		799,695			1,600,410			428,457			-			183,161			414,179
Total on December 31, 2016									7,002,778			1,699,725		33,277,701			22,391,305			34,948,570			2,417,942			7,908,280			5,656,103

Companies	R$ thousand
	Equity interest			Shareholding interest with voting rights			Investment book value			Equity in net income (loss)			Associates and joint ventures current assets			Associates and joint ventures non - current assets			Associates and joint ventures current liabilities			Associates and joint ventures non - current liabilities			Revenue (1)			Associates and joint ventures net income (loss) for the year

Cielo S.A.	30.06%			30.06%			3,302,071			1,043,743			13,755,540			10,806,140			8,199,287			9,696,767			239,386			3,472,355
IRB - Brasil Resseguros S.A. (3) (4)	20.51%			20.51%			658,949			138,165			8,922			5,768			10,639			785			3,144			673,650
Fleury S.A. (6)	16.39%			16.39%			512,642			6,262			1,124,788			268,829			299,033			1,408,157			1,845			38,206
Fidelity Processadora S.A. (7)	49.00%			49.00%			254,785			68,312			450,267			402,702			332,997			-			19,546			139,412
Haitong Banco de Investimento do Brasil S.A.	20.00%			20.00%			130,248			(5,377)			7,227,947			563,950			7,140,656			-			13,834,551			(26,886)
Cia. Brasileira de Gestão e Serviços S.A.	41.85%			41.85%			83,735			17,660			203,030			93,487			35,986			1,590			13,247			42,197
NCR Brasil S.A. (3)	49.00%			49.00%			80,357			7,101			206,315			27,146			134,533			-			71,177			14,492
Empresa Brasileira de Solda Elétrica S.A. (3)	49.00%			49.00%			33,954			(5,769)			101,151			48,161			47,519			32,499			115,874			(11,774)
Integritas Participações S.A. (3) (5)	-			-			-			4,778			10,647			741,803			2,534			4,066			828			18,983
Total investments in associates							5,056,741			1,274,875			23,088,607			12,957,986			16,203,184			11,143,864			14,299,598			4,360,635

Elo Participações S.A.	50.01%			50.01%			686,951			243,073			223,332			1,438,988			144,169			15			14,669			486,049
Crediare S.A. - Crédito, Financiamento e Investimento	50.00%			50.00%			65,030			10,400			439,594			4,301			312,036			-			158,124			20,800
MPO - Processadora de Pagamentos Móveis S.A.	50.00%			50.00%			6,551			716			380,801			11,362			379,061			-			313,065			1,432
Leader S.A. Adm. de Cartões de Crédito (3) (8)	50.00%			50.00%			52			(1,013)			2,920			278			3,095			-			1,790			(2,026)
Total investments in joint ventures							758,584			253,176			1,046,647			1,454,929			838,361			15			487,648			506,255
Total on December 31, 2015							5,815,325			1,528,051			24,135,254			14,412,915			17,041,545			11,143,879			14,787,246			4,866,890

(2) Brazilian company, services provider related to credit and debit cards and other means of payment. In 2017, the Organization received R$ 582,483 thousand of dividends and interest on capital of this investment. In financial statements, Cielo S.A. presented R$ 8,814 thousand of other comprehensive income;

(3) Companies for which the equity accounting adjustments are calculated using statements of financial position and statements of income with lag in relation to the reporting date of these consolidated financial statements;

(4) Bradesco has a board member at IRB-Brasil with voting rights, which results in significant influence;

(6) Participation in Fleury S.A. (i) due to the partial spin-off of Integritas Participações S.A. and, (ii) recorded using equity method as Bradesco has significant influence due its paticipation on the Board of the Directors and other committes;

(7) In January 2016, Aquarius Participações S.A. was endowed with the contribution of the investment of Fidelity Processadora e Serviços S.A.;

(9) In 2017, impairment losses were recognized in associates and joint control companies, in the amount of R$ 31,868 thousand, on the investment in NCR Brasil S.A. (In 2016, R$ 37,122 on the investment in EBSE - Empresa Brasileira de Solda Elétrica S.A.); and

(10) Brazilian company, holding company that consolidates joint business related to electronic means of payment. In 2017, the Organization received R$ 46,820 thousand of dividends from this investment. In its financial statements, Elo Participações S.A. presented R$ 8,109 thousand of other comprehensive income.

27. Investments in associates and joint ventures