Banco Bradesco
Encyclopedia
Bradesco is one of the Big Four bank
s in Brazil
, the others being Banco do Brasil
, Itaú Unibanco and CEF
. Bradesco was the largest private bank in Brazil until Banco Itaú
and Unibanco
merged in 2009. Bradesco is headquartered in Osasco
, has 3,945 branches
and 38,772 Automatic Teller Machines. Bradesco offers Internet Banking, insurance
, pension
plans, annuities, credit card
services (including football club affinity cards for soccer fans) for customer
s, and savings bonds. The bank also provides personal and commercial loan
s, as well as leasing
services. Internationally, Bradesco has branches in New York, Grand Cayman
and Nassau
, and banking or financial subsidiaries or affiliates in Nassau
, Luxembourg
, Buenos Aires
, Grand Cayman
and Tokyo.
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 and American Express
.
Bradesco's stock is traded on BM&F Bovespa, where it is part of the Índice Bovespa
. It is also listed on the New York Stock Exchange
and Madrid Stock Exchange.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s in Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
, the others being Banco do Brasil
Banco do Brasil
Banco do Brasil S.A. is the largest Brazilian and Latin American bank by assets, and the third by market value. The bank, headquartered in Brasília, was founded in 1808 and is the oldest active bank in Brazil — and one of the oldest financial institutions in the world.Banco do Brasil is controlled...
, Itaú Unibanco and CEF
Caixa Econômica Federal
Caixa Econômica Federal , also referred to as Caixa or CEF, is a Brazilian bank. It is the largest government-owned financial institution in Latin America. It is the largest bank in Brazil and in Latin America by assets....
. Bradesco was the largest private bank in Brazil until Banco Itaú
Banco Itaú
Itaú Unibanco is a publicly quoted bank with headquarters in São Paulo, Brazil. The bank is the result of the merger of Banco Itaú and Unibanco, which occurred on November 4, 2008 to form Itaú Unibanco Holding S.A, the largest financial conglomerate in the Southern Hemisphere and is the 10th...
and Unibanco
Unibanco
Unibanco stands for União de Bancos Brasileiros . The bank was born in 1924 in Poços de Caldas in the state of Minas Gerais. In time its headquarters moved to São Paulo, Brazil's financial center...
merged in 2009. Bradesco is headquartered in Osasco
Osasco
Osasco is a municipality and city in São Paulo State, Brazil, is located in the Greater São Paulo and ranking 5th in population among São Paulo municipalities. The current mayor is Emidio Pereira de Souza ....
, has 3,945 branches
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....
and 38,772 Automatic Teller Machines. Bradesco offers Internet Banking, insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, pension
Pension
In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
plans, annuities, credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
services (including football club affinity cards for soccer fans) for customer
Customer
A customer is usually used to refer to a current or potential buyer or user of the products of an individual or organization, called the supplier, seller, or vendor. This is typically through purchasing or renting goods or services...
s, and savings bonds. The bank also provides personal and commercial loan
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....
s, as well as leasing
Lease
A lease is a contractual arrangement calling for the lessee to pay the lessor for use of an asset. A rental agreement is a lease in which the asset is tangible property...
services. Internationally, Bradesco has branches in New York, Grand Cayman
Grand Cayman
Grand Cayman is the largest of the three Cayman Islands and the location of the nation's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles southwest of Little Cayman and 90 miles southwest of Cayman Brac.-Geography:Grand Cayman encompasses 76% of...
and Nassau
Nassau, Bahamas
Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 248,948 , 70 percent of the entire population of The Bahamas...
, and banking or financial subsidiaries or affiliates in Nassau
Nassau, Bahamas
Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. The city has a population of 248,948 , 70 percent of the entire population of The Bahamas...
, Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
, Grand Cayman
Grand Cayman
Grand Cayman is the largest of the three Cayman Islands and the location of the nation's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles southwest of Little Cayman and 90 miles southwest of Cayman Brac.-Geography:Grand Cayman encompasses 76% of...
and Tokyo.
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
Banco Bilbao Vizcaya Argentaria, S.A. is a multinational Spanish banking group. It was formed in 1999 from the merger of Banco Bilbao Vizcaya and Argentaria, both of which in turn had previously amalgamated three important banks in Spain, namely Banco de Bilbao, Banco de Vizcaya, Banco Exterior de...
(BBVA), J.P. Morgan Fleming Asset Management and American Express
American Express
American Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
.
Bradesco's stock is traded on BM&F Bovespa, where it is part of the Índice Bovespa
Índice Bovespa
The Bovespa Index is an index of about 50 stocks that are traded on the São Paulo Stock, Mercantile & Futures Exchange ....
. It is also listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and Madrid Stock Exchange.
History
- March 10, 1943: Banco Brasileiro de Descontos founded by Amador Aguiar in the city of MaríliaMaríliaMarília is a Brazilian city and municipality in the midwestern region of the state of São Paulo. Its distance from the state capital is by highway, by railway and in a straight line. It is located at latitude 22º 12'50 "south and longitude 49º 56'45" west, with an altitude of 675 meters...
in the state of São PauloSão Paulo (state)São Paulo is a state in Brazil. It is the major industrial and economic powerhouse of the Brazilian economy. Named after Saint Paul, São Paulo has the largest population, industrial complex, and economic production in the country. It is the richest state in Brazil...
. The bank target small landowners, retailers, and government employees. - 1946: Bradesco moved headquarters to São Paulo.
- 1951: Bradesco grows to become the largest private bank in Brazil.
- 1953: Bradesco moved headquarters to Cidade de DeusCidade de Deus (Osasco)Cidade de Deus is the building complex that holds the headquarters in the city of Osasco for Banco Bradesco S.A., one for Big Banks in Brazil. It was inaugurated on March 10, 1953....
, OsascoOsascoOsasco is a municipality and city in São Paulo State, Brazil, is located in the Greater São Paulo and ranking 5th in population among São Paulo municipalities. The current mayor is Emidio Pereira de Souza ....
, São PauloSão PauloSão Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...
. - 1956: Amador Aguiar create Fundação Bradesco, the biggest education program in Brazil.
- 1962: Bradesco is the first Latin American company to buy a computer.
- 1968: Bradesco launched the first credit cardCredit cardA credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
in Brazil. - 1970s: Bradesco acquires 17 banks throughout the country.
- 1978: The Bradesco branch no. 1000 is inaugurate in ChuíChui-Places:In Kyrgyzstan:*Chui Province*Chui RiverIn South America:*Chuí, Rio Grande do Sul*Chui Stream, on the Brazil-Uruguay borderIn SwahiliChui means Leopard...
in Brazil extreme south. - 1991: Amador Aguiar died in São Paulo.
- 1996: Bradesco launched the first Latin American Internet Banking system.
- 1997: Bradesco buys Banco BCN.
- 2000: Banco Bradesco Argentina commences operations in Buenos AiresBuenos AiresBuenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...
. Bradesco Securities commences operations in New York. - 2003: Bradesco buys BBVA's Brazilian subsidiary.
- 2006: Bradesco buys American ExpressAmerican ExpressAmerican Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
Brazilian subsidiary. - 2010: Bradesco buys Ibi Brazilian (Banco Ibi S.A. - Banco Múltiplo) subsidiary, that was controlled by C&AC&AC&A is an international chain of fashion retail clothing stores, with its European head offices in Vilvoorde , Belgium and Düsseldorf, Germany...
. - 2010: Bradesco buys Ibi Mexican (Ibi Services S. de R. L. México) subsidiary, that was controlled by C&AC&AC&A is an international chain of fashion retail clothing stores, with its European head offices in Vilvoorde , Belgium and Düsseldorf, Germany...
. - 2011: Bradesco ranked fourth among the world's 500 greenest companies and first among the Brazilian companies, according to list disclosed by NewsweekNewsweekNewsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence...
, prepared in partnership with the consulting firms Trucost and Sustainalyctis.C&AC&AC&A is an international chain of fashion retail clothing stores, with its European head offices in Vilvoorde , Belgium and Düsseldorf, Germany...
.