September 21, 2017 6:45 AM ET

Banks

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 in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising personal and short-term loans, vehicle financing, overdraft loans, and payroll-deductible loans; housing loans; government-funded long-term loans, such as BNDES onlending/FINAME; rural loans; and microcredit to middle- and low-income individuals, as well as small companies...

Cidade de Deus

Vila Yara

Osasco, SP 06029-900

Brazil

Founded in 1943

105,143 Employees

Phone:

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 to Cut up to 7,400 Jobs

Banco Bradesco said it will cut some 7,400 jobs as part of its voluntary redundancy program. The program began in mid-July and finished at the end of August 2017. The bank announced that the staff reductions will not affect its services for clients. Bradesco ended the second quarter with over 105,000 employees, up from around 89,000 at the end of second quarter of 2016. The increase in the bank's workforce was attributed to the acquisition of the local unit of HSBC.

Banco Bradesco S.A. Presents at 20th Morgan Stanley Annual Latin America Conference, Sep-11-2017

Banco Bradesco S.A. Presents at 20th Morgan Stanley Annual Latin America Conference, Sep-11-2017 . Venue: London, United Kingdom.

Cencosud Could Sell Financial Divisions

Cencosud S.A. (SNSE:CENCOSUD) has announced plans to sell assets worth $1 billion, yet little is known about which assets might be sold. Some believe that Cencosud is looking into selling its financial divisions in both Argentina and Peru. Banco Bradesco S.A. (BOVESPA:BBDC4) and Scotiabank Chile, S.A. (SNSE:SUD AMER-A) are seen as potential buyers.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
June 26, 2017
--
Merger/Acquisition
April 28, 2017
Banco Bradesco S.A., BRL 4 Billion Credit Portfolio
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