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, at Companhia Cidade de Deus, and has 5,314 branches, 4,834 Service Branches and 38,430 “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. The bank is the world’s thirtysecond largest in market capitalization in 2014.
|Traded as||B3: BBDC3, BBDC4 |
|Founded||March 10, 1943Marília, Brazilin|
Number of locations
|Octavio de Lazari, (Chairman and CEO)|
Carlos Alberto Rodrigues Guilherme (Vice Chairman)
|Revenue||US$ 74.0 billion (2017)|
|US$5.5 billion (2018)|
|Total assets||US$ 361.0 billion (2018)|
Number of employees
|Rating||Ba3 (Moody's) |
|Footnotes / references|
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.
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. Bradesco grew its value by more than 50 percent compared with 2017
- Pra frente. (Brazil); it means "Go forward.".
- March 10, 1943: Banco Brasileiro de Descontos founded by Amador Aguiar 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 passed away at 86 in São Paulo.
- 1996: Bradesco launches the first Latin American Internet Banking system.
- 1997: Bradesco buys Banco BCN
- 2000: Banco Bradesco Argentina commences operations in Buenos Aires. Bradesco Securities commences operations in New York.
- 2010: Bradesco buys Ibi Mexican (Ibi Services S. de R. L. México) subsidiary, also controlled by C&A.
- 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.
- 2015: Bradesco buys HSBC Brazilian unit for $5.2 billion.
- "Bradesco Presentation - April/2017" (PDF). Banco Bradesco S/A. 2017-04-30. Retrieved 2017-05-03.
- "Bradesco RI: Ratings". Banco Bradesco S/A. Retrieved 2017-05-03.
- "Banco Bradesco on the Forbes Global 2000 list". Forbes. 2013-05-01. Retrieved 2013-05-25.
- "Brandz TOP 50 MOST VALUABLE LATIN AMERICAN BRANDS 2015" (PDF). BrandZ.
- "Bradesco Automatic Teller Machines". Banco Bradesco S/A. 2012-09-30. Retrieved 2012-12-23.
- "HSBC says to sell Brazil unit to Bradesco for $5.2 billion". Reuters. 2015-08-03. Retrieved 2015-08-03.
- "brandZ | LatAm Report". brandz.com. Retrieved 2019-02-13.
- "Bradesco slogan" (in Portuguese). Banco Bradesco S/A. Retrieved 2017-04-18.
- "Nossa História" (in Portuguese). Banco Bradesco S/A. 2013-03-10. Retrieved 2013-07-02.
- "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.
- "World's Greenest Companies". Newsweek. 2011-10-16. Retrieved 2011-11-26.
|Wikimedia Commons has media related to Bradesco.|
- (in Portuguese) Bradesco web site
- (in Portuguese) Fundação Bradesco web site
- (in Portuguese) Amador Aguiar Biography
- (in English) Bradesco Organizational Structure
- (in English) Mdascopi Diamond Exchange
- (in English) Bradesco Investors Relations (English)
- (in English) The profile of the Bradesco Board of Directors