SAO PAULO Jan 29 Banco Bradesco SA,
Brazil's second largest private-sector bank, has no current
plans to grow through mergers and acquisitions, Chief Executive
Luiz Carlos Trabuco said on Tuesday.
Asked by an analyst whether the bank considered mergers and
acquisitions as a tool to expand the bank's operations, Trabuco
said, "this is the moment to intensify our focus on organic
growth." Trabuco spoke on a conference call a day after the
company reported quarterly earnings.
Local media have repeatedly linked Bradesco to a potential
purchase of part or all assets of Banco Santander Brasil SA
. Both banks have denied such reports several times.