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November 30, 2015 5:31 AM ET


Company Overview of Banco Bradesco S.A.

Company Overview

Banco Bradesco S.A. provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand deposits, time deposits, checking accounts, savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising short-term loans, vehicle financing, overdraft loans on checking accounts, revolving credit facilities, and traditional term loans to consumers; real estate financing services; microcredit to low-income individuals and sma...

Cidade de Deus, s/nº

Vila Yara

Osasco, SP 06029-900


Founded in 1943

93,696 Employees


55 11 3684 4011

Key Executives for Banco Bradesco S.A.

Banco Bradesco S.A. does not have any Key Executives recorded.

Banco Bradesco S.A. Key Developments

Banco Bradesco Mulls Acquisitions

Banco Bradesco S.A. (BOVESPA:BBDC4) is considering acquisitions in the area of retail insurance, Bloomberg reported. Luiz Carlos Angelotti, managing Director and Head of Investor Relations of Banco Bradesco, said targets include well-managed independent companies in sectors like health insurance that could have difficulties raising capital on their own. "We're studying all opportunities for acquisitions at a time when the increase in capital requirements can generate more concentration in the insurance business," Luiz Carlos Angelotti said.

Citigroup Reportedly In Talks To Sell Stake In Elavon Brasil

Citigroup Inc. (NYSE:C) has put its stake in a Brazilian credit card processing joint venture with Elavon Inc up for sale, two sources with direct knowledge of the plan said. Elavon hired Greenhill & Co Inc (GHL.N) as an adviser, the sources added. Citigroup's stake has been offered to Itaú Unibanco Holding S.A., Banco Bradesco S.A. (BOVESPA:BBDC4), state-controlled lenders Caixa Econômica Federal and Banco do Brasil S.A. (BOVESPA:BBAS3) as well as Banco Santander (Brasil) S.A. (BOVESPA:SANB4), one source said. Itaú, Banco Bradesco, Caixa, Banco do Brasil and Banco Santander declined to comment.

Bradesco To Reportedly Sell Insurance Business To Swiss

Banco Bradesco S.A. (BOVESPA:BBDC4) is in talks to sell a high-risk insurance business. Swiss Re Ltd. (SWX:SREN) will acquire the assets for about BRL 800 million, a person with direct knowledge of the matter said. The business Bradesco is planning to sell protects construction and infrastructure projects as well as corporate real estate and equipment. The bank will instead focus on retail insurance, the person said, asking not to be identified because discussions between the Osasco-based bank and Swiss Re are private. Bloomberg added that Bradesco and Swiss Re officials declined to comment on the talks.

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