December 09, 2016 1:07 PM ET

Banks

Company Overview of Banco do Brasil S.A.

Company Overview

Banco do Brasil S.A. provides banking services in Brazil. The company’s Banking segment offers various products and services, such as deposits, loans, and services to retail, wholesale, and government markets, as well as to micro-entrepreneurs and the low income population. Its Investments segment engages in the intermediation and distribution of debts in the primary and secondary markets, as well as equity interest and the rendering of financial services. The company’s Fund Management segment is involved in the purchase, sale, and custody of securities, as well as the management of portfolios, funds, and investment clubs. It’s Insurance, Pension, and Capitalization segment provides life, pr...

Setor de Autarquias Norte

Quadra 5, Lote B, Torre I

Edifício Banco do Brasil

Brasília, DF 

Brazil

Founded in 1808

109,159 Employees

Key Executives for Banco do Brasil S.A.

Banco do Brasil S.A. does not have any Key Executives recorded.

Banco do Brasil S.A. Key Developments

Banco do Brasil SA to Close 402 Branches, Offer Early Retirements

Banco do Brasil SA said it would close a total of 402 of its branches across the nation as part of its strategy to cut costs by up to $220 million a year. The bank said it would close those branches through 2017. Banco do Brasil will also reduce the number of services provided to its clients through another 379 branches as it seeks to focus its strategy in digital channels. A major part of the bank's cost-cutting plans will be made via the reduction of rental contracts.

Banco do Brasil S.A. Presents at Itaú BBA's 9th Annual Latam Conference, Nov-21-2016

Banco do Brasil S.A. Presents at Itaú BBA's 9th Annual Latam Conference, Nov-21-2016 . Venue: The Savoy Hotel, The Strand, London - WC2R 0EU, United Kingdom.

Banco do Brasil S.A. Reports Earnings Results for the Third Quarter and Nine Months of 2016; Revises Earnings Guidance for the Year 2016

Banco do Brasil S.A. reported earnings results for the third quarter and nine months of 2016. The company reported adjusted net income of BRL 2.337 billion in the third quarter of 2016, down 18.9% compared to the same period of 2015, but up 29.8% compared to the second quarter of 2016. The company reported net income of BRL 2.246 billion, down 26.6% year-on-year and 8.8% lower than in second quarter of 2016. Pretax and pre-provision earnings were grew 8% in comparison with the third quarter of 2015, reaching BRL 10.8 billion. The company's net interest income grew by 15%. Net interest income was BRL 5.7 billion. ROE was 7.6%. And the net income, accounting net income, BRL 7 billion in the nine months. Pretax and pre-provision earnings increased 9.8%, reaching BRL 31.9 billion. Earnings per share reached BRL 0.85 for adjusted earning per share. The bank has adjusted some of its key performance metrics for 2016, with the projection for profitability being reduced to 8%-10% from the previous forecast of 9% to 12%.

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Recent Private Companies Transactions

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