Banco Bradesco

Banco Bradesco S.A.
Company typeSociedade Anônima
B3: BBDC3, BBDC4
NYSE: BBD
BMAD: XBBDC
Ibovespa Component
ISINUS0594603039
IndustryFinancial services
FoundedMarch 10, 1943; 81 years ago (1943-03-10) in Marília, São Paulo, Brazil
FounderAmador Aguiar
Headquarters
Osasco,
,
Brazil
Number of locations
5,314 branches
Area served
Worldwide
Key people
Luiz Carlos Trabuco Cappi (Chairman),
Alexandre da Silva Glüher (Vice Chairman),
Marcelo de Araújo Noronha (CEO)
ProductsBanking
Investment banking
Private equity
Asset management
Private banking
Insurance
Retail Banking
Services
RevenueIncrease US$ 40.0 billion (2023)
Decrease US$ 3.3 billion (2023)
Total assetsIncrease US$ 407.7 billion (2023)
Number of employees
86,200
SubsidiariesBradespar
Bradesco Seguros
RatingBa3 (Moody's)
BB+ (S&P)
Websitebanco.bradesco
Footnotes / references
[1][2][3][4][5]

Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution by assets in Brazil and Latin America. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in São Paulo, where it is part of the Índice Bovespa, in the New York Stock Exchange and in the Madrid Stock Exchange.

Its primary financial services revolve around commercial banking, offering Internet Banking, insurance, pension plans, annuities, credit card services (including football club affinity cards for fans) for customers, and savings bonds. The bank also provides personal and commercial loans, as well as leasing services. Bradesco is a pioneer in using the ATM biometric reading system in Brazil, which enables customers to be identified using the vascular pattern of their hands, serving as a complementary password, available at its 31,474 own ATMs and 5,549 ATMs of Banco24Horas, a Brazilian third-party ATM network.

Bradesco has 5,314 branches, 4,834 service branches and 38,430 banking correspondents.[1] Bradesco customers can also use 34,859[6] automatic teller machines and 12,975 ATMs of the Banco24Horas. Internationally, Bradesco have one branch in New York, two branches in Grand Cayman, and banking or financial subsidiaries or affiliates in London, Luxembourg, Hong Kong, Buenos Aires, Grand Cayman, Tokyo and Mexico.[1]

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.[7] Banco Bradesco grew its value by more than 50 percent compared with 2017.[8]

Currently the bank is on the top 3 of the most valuable Brazilian brands.[9]

  1. ^ a b c "Bradesco Presentation - April/2017" (PDF). Banco Bradesco S/A. 2017-04-30. Retrieved 2017-05-03.[permanent dead link‍]
  2. ^ "Bradesco RI: Ratings". Banco Bradesco S.A. Archived from the original on 2011-08-25. Retrieved 2017-05-03.
  3. ^ "Banco Bradesco on the Forbes Global 2000 list". Forbes. 2013-05-01. Retrieved 2013-05-25.
  4. ^ "Executive Officers" (PDF). 2023-12-20. Retrieved 2023-12-25.
  5. ^ "Board of Directors" (PDF). 2022-12-21. Retrieved 2023-12-25.
  6. ^ "Bradesco Automatic Teller Machines". Banco Bradesco S.A. 2012-09-30. Retrieved 2012-12-23.
  7. ^ Cite error: The named reference HSBC Brazil was invoked but never defined (see the help page).
  8. ^ "brandZ | LatAm Report". brandz.com. Retrieved 2019-02-13.
  9. ^ "Banks and beer top Brazil's 10 most valuable brands". The Brazilian Report. 2022-05-03. Retrieved 2022-06-29.