Banco do Brasil

Banco do Brasil S.A.
Company typeSociedade Anônima
B3BBAS3
Ibovespa Component
IndustryFinancial services
FoundedRio de Janeiro, Rio de Janeiro, Brazil
(October 12, 1808; 216 years ago (1808-10-12))
FounderJohn VI of Portugal
Headquarters,
Key people
Tarciana Medeiros (Chairwoman and CEO)
Products
RevenueIncrease US$ 53.0 billion (2017)[1]
Increase R$ 19.7 billion (2021)[2]
Total assetsIncrease R$ 1.9 trillion (2021)[3]
OwnerBrazilian Government (50.0%) (2021)[3]
Number of employees
Decrease 84,597 (2021)[3]
SubsidiariesBanco Votorantim
Banco Patagonia
BB Seguridade
Banco do Brasil Americas
BrasilPrev
BB Tecnologia e Serviços
Websitebb.com.br

Banco do Brasil S.A. (English: Bank of Brazil) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and among the oldest banks in continuous operation in the world, it was founded by John VI, King of Portugal, on Wednesday, 12 October 1808. It is the second largest banking institution in Brazil, as well as the second largest in Latin America,.[4] Banco do Brasil is controlled by the Brazilian government and is listed at the B3 stock exchange in São Paulo.

It has been one of the four most profitable Brazilian banks since 2000 (along with Itaú Unibanco, Banco Bradesco and Banco Santander) and holds a strong leadership position in retail banking.

  1. ^ Banco do Brasil on the Forbes Global 2000 List
  2. ^ "2021 Management Discussion and Analysis". Banco do Brasil IR. February 14, 2022. Retrieved June 19, 2022.
  3. ^ a b c "2021 Management Report". Banco do Brasil IR. Retrieved June 19, 2022.
  4. ^ Jeffrey Sy, Ryan (April 25, 2022). "Latin America's 50 largest banks by assets, 2022". S&P Global Market Intelligence. Retrieved June 1, 2022.