Banco Bradesco S.A. is a Brazilian

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

company headquartered in

Osasco Osasco () is a Municipalities of Brazil, municipality in São Paulo State, Brazil, located in the Greater São Paulo and ranking 5th in population among São Paulo municipalities. According to the Brazilian Institute of Geography and Statistics, ...

, in the state of

São Paulo São Paulo (, ; Portuguese for 'Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the GaWC a ...

, Brazil. It is the third largest banking institution in Brazil, as well as the third largest in Latin America, and the seventy-ninth largest bank in the world. It is also one of fifty most valuable banks in the world. The bank is listed at the B3 in

, where it is part of the

Índice Bovespa The Bovespa Index ( pt, Índice Bovespa), best known as Ibovespa is the benchmark index of about 92 stocks traded on the B3 (Brasil Bolsa Balcão), accounting for the majority of trading and market capitalization in the Brazilian stock market. It ...

, in the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

and in the

Madrid Stock Exchange Bolsa de Madrid (; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securiti ...

. Its primary financial services revolve around

commercial banking A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

, offering

Internet Banking Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial inst ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

pension A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

plans,

annuities In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...

credit card A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

services (including football club affinity cards for

soccer Association football, more commonly known as football or soccer, is a team sport played between two teams of 11 players who primarily use their feet to propel the ball around a rectangular field called a pitch. The objective of the game is ...

fans) for

customer In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for ...

s, and savings bonds. The bank also provides personal and commercial

loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that d ...

s, as well as

leasing A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial ...

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 A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

, 4,834 service branches and 38,430 banking correspondents. Bradesco customers can also use 34,859

automatic teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fund ...

s and 12,975 ATMs of the Banco24Horas. Internationally, Bradesco have one branch in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, two branches in

Grand Cayman Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121 km) southwest of Little Cayman and 90 miles ( ...

, and banking or financial subsidiaries or affiliates in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...

and

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

. 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 Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...

(

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...

), J.P. Morgan Fleming Asset Management,

American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...

and HSBC Brasil. Banco Bradesco grew its value by more than 50 percent compared with 2017. Currently the bank is on the top 3 of the most valuable brazilian`s brands.

Slogan

* Pra frente. (Brazil); it means "Go forward.".

History

*March 10, 1943: Banco Brasileiro de Descontos S.A. founded by Amador Aguiar in

Marília Marília () is a Brazilian municipality in the midwestern region of the state of São Paulo. Its distance from the state capital São Paulo is by highway, by railway and in a straight line. It is located at an altitude of 675 meters. The popula ...

, in the state of

. The bank targets small landowners, retailers, and government employees. *1946: Banco Bradesco moves headquarters to

. *1951: Banco Bradesco grows to become the largest private bank in Brazil. *1953: Banco Bradesco moves headquarters to Cidade de Deus,

. *1956: Amador Aguiar creates Fundação Bradesco, the biggest education program in Brazil. *1962: Banco Bradesco is the first Latin American company to buy a computer. *1968: Banco Bradesco launches the first

in Brazil. *1970s: Banco Bradesco acquires 17 banks throughout the country. *1978: Banco Bradesco branch no. 1000 is inaugurated in

Chuí Chuí () is a municipality located in the state of Rio Grande do Sul, Brazil. It's the southernmost municipality of Brazil, located in the coordinates 33°41′0″S . A border town, it shares its name with sister city Chuy, Uruguay. The two town ...

at the southern tip of Brazil. *1991: Amador Aguiar died at 86 in

. *1996: Banco Bradesco the first Latin American

system. *1997: Banco Bradesco Banco BCN *2000: Banco Bradesco Argentina commences operations in

. Bradesco Securities commences operations in New York. *2010: Banco Bradesco buys Ibi Mexican (Ibi Services S. de R. L. México) subsidiary, also controlled by C&A. *2011: Banco Bradesco is ranked fourth among the world's 500 greenest companies and first among Brazilian companies, according to a list disclosed by

Newsweek ''Newsweek'' is an American weekly online news magazine co-owned 50 percent each by Dev Pragad, its president and CEO, and Johnathan Davis (businessman), Johnathan Davis, who has no operational role at ''Newsweek''. Founded as a weekly print m ...

, prepared in partnership with the consulting firms

Trucost Trucost is a company which makes estimates about the hidden costs of unsustainable use of natural resources by companies. Trucost has been founded in 2000 and has its head office in London. For the United Nations Environment Programme Finance Init ...

and Sustainalyctis. *2015: Banco Bradesco buys

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

Brazilian unit for $5.2 billion. *2019: Lázaro de Mello Brandão, President for 36 years, died aged 93. *2020: Banco Bradesco reaches agreement to acquire JPMorgan Chase & Co.'s Brazilian private banking clients. JPMorgan will continue to provide Brazilian clients with products and services abroad. *2022: Banco Bradesco reaches agreement to acquire BNP Paribas Brazilian private banking clients. BNP Paribas will continue to provide Brazilian clients with products and services abroad.

References

External links

Bradesco web site

Fundação Bradesco web site

Bradesco Organizational Structure

Fundação Bradesco web site in English

Bradesco Investors Relations (English)

The profile of the Bradesco Board of Directors
{{Authority control Companies listed on the New York Stock Exchange Banks of Brazil Brazilian brands Companies listed on B3 (stock exchange) Companies based in São Paulo (state) Banks established in 1943 Osasco Companies listed on the Madrid Stock Exchange Brazilian companies established in 1943

Slogan

History

See also

References

External links