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Banco Bradesco

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Banco Bradesco S.A.
Company typeSociedade Anônima
B3: BBDC3, BBDC4
NYSE: BBD
BMAD: XBBDC
IndustryFinancial services
FoundedMarch 10, 1943; 81 years ago (1943-03-10)
HeadquartersOsasco, Brazil
Area served
Worldwide
Key people
Luiz Carlos Trabuco Cappi, (CEO)
Lázaro de Mello Brandão, (Chairman)
Antônio Bornia, (Vice Chairman)
ProductsBanking
Investment banking
Private equity
Asset Management
Private banking
Insurance
Retail Banking
RevenueDecrease US$ 37.3 billion (2012) [1]
Increase US$ 5.0 billion (2013) [2]
Total assetsIncrease US$ 405.0 billion (2014) [2]
Number of employees
103,385 [2]
SubsidiariesBradespar
Bradesco Seguros
Websitewww.bradesco.com.br

Bradesco is one of the biggest banking and financial services companies in Brazil. Bradesco was the largest private bank in Brazil until Banco Itaú and Unibanco merged in 2009. Bradesco is headquartered in the city of Osasco, in the metropolitan area of São Paulo, and has 4,686 [2] branches, 3,781 [2] Service Branches and 59.307 [2] “Bradesco Expresso” Units, the correspondent bank through partnerships with supermarkets, drugstores, department stores and other retail chains. It is currently the third largest Brazilian bank by total assets.

Bradesco customers can also use 34,859[3] “Bradesco Dia&Noite” Automatic Teller Machines and 12,975 ATMs of the Banco24Horas, a Brazilian third-party ATM network.

The Bank is a pioneer in using the ATM biometric reading system “Segurança Bradesco na Palma da Mão” (Roughly translated as "Bradesco Security in the Palm of Your Hand") in Brazil, which enables customers to be identified using the vascular pattern of their hands, serving as a complementary password, available at 31,474 Bradesco ATMs and 5,549 Banco24Horas ATMs.

Bradesco offers Internet Banking, insurance, pension plans, annuities, credit card services (including football club affinity cards for soccer fans) for customers, and savings bonds. The bank also provides personal and commercial loans, as well as leasing services. Internationally, Bradesco have one branch in New York and two in Grand Cayman, and banking or financial subsidiaries or affiliates in London, Luxembourg, Hong Kong, Buenos Aires, Grand Cayman, Tokyo and Mexico.[2]

Banco Bradesco is constantly expanding and has recently acquired Banco do Estado do Maranhão, Banco Mercantil de São Paulo, Banco Ibi S.A., and the Brazilian operations of Banco Bilbao Vizcaya Argentaria (BBVA), J.P. Morgan Fleming Asset Management, American Express and HSBC Brasil.[4]

Bradesco's stock is traded on BM&F Bovespa, where it is part of the Índice Bovespa. It is also listed on the New York Stock Exchange and Madrid Stock Exchange.

Slogan

  • Bradesco. Há 70 anos por você. (Brazil); it means "Bradesco. It's been 70 years for you.".[5]

History

  • March 10, 1943: Banco Brasileiro de Descontos founded by Amador Aguiar[6] in the city of Marília in the state of São Paulo. The bank targets small landowners, retailers, and government employees.
  • 1946: Bradesco moves headquarters to São Paulo.
  • 1951: Bradesco grows to become the largest private bank in Brazil.
  • 1953: Bradesco moves headquarters to Cidade de Deus, Osasco, São Paulo.
  • 1956: Amador Aguiar creates Fundação Bradesco, the biggest education program in Brazil.
  • 1962: Bradesco is the first Latin American company to buy a computer.
  • 1968: Bradesco launches the first credit card in Brazil.
  • 1970s: Bradesco acquires 17 banks throughout the country.
  • 1978: Bradesco branch no. 1000 is inaugurated in Chuí at the southern tip of Brazil.
  • 1991: Amador Aguiar dies in São Paulo.
  • 1996: Bradesco launches the first Latin American Internet Banking system.
  • 1997: Bradesco buys Banco BCN.[7]
  • 2000: Banco Bradesco Argentina commences operations in Buenos Aires. Bradesco Securities commences operations in New York.
  • 2003: Bradesco buys BBVA's Brazilian subsidiary.
  • 2006: Bradesco buys American Express Brazilian subsidiary.
  • 2010: Bradesco buys Ibi Brazilian (Banco Ibi S.A. - Banco Múltiplo) subsidiary, which was controlled by C&A.[8]
  • 2010: Bradesco buys Ibi Mexican (Ibi Services S. de R. L. México) subsidiary, also controlled by C&A.[9]
  • 2011: Bradesco ranked fourth among the world's 500 greenest companies and first among Brazilian companies, according to a list disclosed by Newsweek, prepared in partnership with the consulting firms Trucost and Sustainalyctis.[10]
  • 2015: Bradesco buys HSBC Brazilian unit for $5.2 billion.[4]

See also

References

  1. ^ "Banco Bradesco on the Forbes Global 2000 list". Forbes. 2013-05-01. Retrieved 2013-05-25.
  2. ^ a b c d e f g "Bradesco Presentation - February/2013" (PDF). Banco Bradesco S/A. 2012-02-04. Retrieved 2013-02-07.
  3. ^ "Bradesco Automatic Teller Machines". Banco Bradesco S/A. 2012-09-30. Retrieved 2012-12-23.
  4. ^ a b "HSBC says to sell Brazil unit to Bradesco for $5.2 billion". Reuters. 2015-08-03. Retrieved 2015-08-03.
  5. ^ "Bradesco slogan" (in Portuguese). Banco Bradesco S/A. Retrieved 2013-03-26.
  6. ^ "Nossa História" (in Portuguese). Banco Bradesco S/A. 2013-03-10. Retrieved 2013-07-02.
  7. ^ "O preço foi 1,2 bi" (in Portuguese). Veja. 1997-11-05. Retrieved 2013-02-07.
  8. ^ "Bradesco acquire Controle Societário do Banco ibi e firma parceria com C&A" (in Portuguese). Banco Bradesco S/A. 2010-06-05. Retrieved 2010-06-18.
  9. ^ "Bradesco acquire o Controle Societário do Ibi México e firma parceria com a C&A México" (in Portuguese). Banco Bradesco S/A. 2010-06-02. Retrieved 2010-06-18.
  10. ^ "World's Greenest Companies". Newsweek. 2011-10-16. Retrieved 2011-11-26.
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