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Bradesco headquarters in Osasco |
Banco Bradesco S.A. is one of the four biggest banks in the country along with Banco do Brasil, Itaú Unibanco and Caixa Econômica Federal. The company provides a full range of products and services for personal and business customers. It offers current and saving accounts, personal and business loans, credit cards, investment banking, asset management as well as life, health, accident and car insurance, property and casualty insurance, individual and corporate pension plans, pension investment contracts, online and mobile banking and more. Grupo Bradesco Seguros is the largest company in the Brazilian insurance market, with a market share of over 24%. With over 106,000 employees, Banco Bradesco serves over 73 million customers through a network of more than 5,100 branches and 4,975 points of service (PA & PAEs). The customers can also use over 56,600 ATMs including 36,095 Bradesco ATMs and 20,584 ATMs of Banco24Horas network. In addition, there are overseas branches and subsidiaries in Argentina, the UK, the US, Luxembourg, Hong Kong, Japan, the Cayman Islands, Bahamas and Mexico. Bradesco stock is traded on the São Paulo, Madrid and New York stock exchanges. The company was founded in 1943 under the name Banco Brasileiro de Descontos S.A. and changed its name to Banco Bradesco in 1988. Bradesco was the largest private bank in Brazil until Banco Itaú and Unibanco merged in 2008. In 2016, Bradesco acquired all operations of HSBC in Brazil including HSBC Bank Brasil SA and HSBC Servicos e Participacoes Ltda. As of March 31, 2017, Banco Bradesco had BRL 1.294 trillion (US$407 billion) in total assets and BRL 235.4 billion in deposits.
Key Statistics:
Total assets | BRL 1.294 trillion (Q1 2017) |
Net income | BRL 17.1 billion (FY 2016) |
Written Insurance Premiums | BRL 71 billion (2016) |
Market Value | US$50 billion (June 19, 2017) |
Employees | 106,644 (March 2017) |
Website | https://banco.bradesco |
Overseas Subsidiaries:
Banco Bradesco Argentina S.A.
Banco Bradesco Europa S.A. (Luxembourg)
Bradesco North America LLC
Bradesco Securities, Inc.
BRAM US LLC
Bradesco Securities UK Limited
Bradesco Securities Hong Kong
Bradesco Trade Services Ltd (Hong Kong)
Cidade Capital Markets Ltd. (Grand Cayman)
Bradescard Mexico
Sociedad de Responsabilidad Ltda (Mexico)
Head office address: Cidade de Deus Vila Yara, Osasco São Paulo 06029-900 Phone number: 55 11 3684 4011 Bradesco Securities UK Ltd 25 Old Broad Street London EC2N 1HQ United Kingdom Bradesco Securities Inc 450 Park Avenue, New York, NY 10022-2605, USA Banco Bradesco Argentina S.A. 25 De Mayo 555 Buenos Aires, 1002 |
Banco Bradesco Luxembourg S.A. 3-B, Boulevard Du Prince Henri L-1724 Luxembourg Grand-Duché De Luxembourg Phone: (+352) 25 41 31 SWIFT: BBDE LU LL Grand Cayman Branch Ansbacher House 3rd floor 20, Genesis Close George Town Cayman Islands P.O. Box 1818 Phone: (345) 945-1200 |