SAO PAULO, July 30 (Reuters) - Brazilian lender Banco

Bradesco ( BBD ) on Wednesday posted a nearly 29% rise in its

second-quarter recurring net profit, just above analysts'

projections, while also boosting the annual outlook for funds

brought in from fees and commissions and its insurance segment.

Bradesco reported a 6.07-billion-real ($1.09 billion)

recurring net profit for the quarter through the end of June.

Analysts polled by LSEG expected a 5.95-billion-real profit.

The lender upped its outlook for revenue growth from fees

and commissions, which it now sees from 5% to 9%, above the

previous projection of 4% to 8%.

Bradesco also improved its estimated growth in income

from insurance, pension plans and capitalization bonds to the

9-13% range, from the previous 6-10%.

"Our profitability continues to grow gradually and

steadily," Bradesco said in its earnings report. "To preserve

the consistency of this process, we maintained the combination

of commercial traction and caution in loan origination," it

added.

Its return on average equity (ROAE), a gauge of

profitability, stood at 14.6% in the quarter, up from both 11.4%

a year earlier and 14.4% in the first quarter of the year.

Bradesco's total credit portfolio reached 1.02 trillion

reais, increasing 11.7% on a yearly basis, while delinquency

rates over 90 days came in at 4.1%, down 0.2 percentage points

in the same period.

($1 = 5.5711 reais)