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Banco Bradesco

Banco Bradesco (Brazilian Discount Bank) is one of the largest banks in Brazil.

History
Bradesco was founded in 1943 in the city of Marília in the interior of São Paulo state, under the name Banco Brasileiro de Descontos.
  • In 1946, Bradesco headquarters moved to São Paulo.
  • Bradesco became the largest private-sector bank in Brazil in 1951 .
  • In 1962, Bradesco became the first company in Latin America to acquire a computer.
  • In 1968, the Bank began offering Credit Cards .

  • In the 1970's Banco incorporated 17 other banks.
  • In the 1990's all of Bradesco's bank branches begin operating online. Automatic teller services grow rapidly and ATMs were installed.
  • Today, Bradesco is the largest private bank in Brazil. It is among the top-ranking banks in many segments: Corporate, Private and services to micro, small and medium-sized companies.


Mission
The principal objective of the company is to consolidate their position as the leading private full service financial institution in the Brazilian market, increasing profitability, maximizing shareholders' value and generating an above-average return in comparison with other Brazilian financial institutions.

Area of Operation
The businesses of Bradesco are:

Banking Services:
  • Deposit-taking activities
  • Individual and corporate banking services
  • Credit operations
  • Credit and debit cards
  • Leasing operations
  • Investment banking
  • International banking
  • Asset management
  • Consortium Services

Insurance Services, management of complementary private pension plans and savings bonds:
  • Life and accident insurance
  • Health insurance
  • Automobile insurance
  • Property insurance
  • Casualty insurance
  • Pension plans, including individual and corporate plans
  • Certificated Saving Plans
  • Pension Investment contracts


Key Statistics
  • Banco Bradesco holds assets of $69.63 billion.
  • The company has made profits of $1.15 billion in 2006.
  • Bradesco operates mainly in Brazil and other countries.
  • Banco Bradesco has 73,881 employees.

Organization
The organizational Structure includes:
  • General Meeting of Stockholders
  • Audit Committee
  • Board of Directors
  • President

International Ranking
  • Bradesco ranks 269 in Fortune Global 500 list.
  • Banco Bradesco in ranked 187 in the world by the Forbes Magazine.

Subsidiaries

Bradesco has banking or financial subsidiaries or affiliates in Nassau, Luxembourg, Buenos Aires, Grand Cayman and Tokyo.


Recent Acquisition

Banco Bradesco is constantly expanding and has recently acquired:

  • 2005: Banco do Estado do Ceará (BEC)
  • 2004: Banco do Estado do Maranhão (BEM)
  • 2003: Banco Zogbi S.A . , Brazilian operations of Banco Bilbao Vizcaya Argentaria (BBVA), J.P. Morgan Fleming Asset Management.

Headquarter Address
Ciade de Deus - Prédio Novo
4 andar
CEP 06029-900 Osasco-SP
Brazil
Phone: 55-11-3684-9229
Website URL : www.bradesco.com.br




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Last Updated on : 22th July 2013

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