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, in the state of
São Paulo, 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
São Paulo, where it is part of the
Índice Bovespa, in the
New York Stock Exchange and in the
Madrid Stock Exchange.
Its primary financial services revolve around
commercial banking, offering
Internet Banking,
insurance,
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, mo ...
,
credit card 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 A savings bond is a government bond designed to provide funds for the issuer while also providing a relatively safe investment for the purchaser to save money, typically a retail investor. The earliest savings bonds were the war bond programs of Wor ...
. The bank also provides personal and commercial
loans, 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
Banco24Horas is a Brazilian interbank network. It is the largest interbank network in Brazil, with a market share of 38% in the country. Operated by Tecban (Tecnologia Bancária S.A.), Banco24Horas offers 11,600 ATMs in more than 400 Brazilian ...
, a Brazilian third-party ATM network.
Bradesco has 5,314
branches, 4,834 service branches and 38,430
banking correspondents.
Bradesco customers can also use 34,859
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, 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
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
Amador Aguiar (1904–1991) was the founder of Banco Bradesco
Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, ...
in
Marília, in the state of
São Paulo. The bank targets small landowners, retailers, and government employees.
*1946: Banco Bradesco moves headquarters to
São Paulo.
*1951: Banco Bradesco grows to become the largest private bank in Brazil.
*1953: Banco Bradesco moves headquarters to
Cidade de Deus,
Osasco,
São Paulo.
*1956:
Amador Aguiar
Amador Aguiar (1904–1991) was the founder of Banco Bradesco
Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, ...
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
credit card 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
São Paulo.
*1996: Banco Bradesco the first Latin American
Internet Banking system.
*1997: Banco Bradesco Banco BCN
*2000: Banco Bradesco Argentina commences operations in
Buenos Aires. 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, 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.
See also
*
ATM Industry Association (ATMIA)
References
External links
Bradesco web siteFundação Bradesco web siteBradesco Organizational StructureFundação Bradesco web site in EnglishBradesco 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
