Key Developments: Banco do Brasil SA (BDORY.PK)
12.85USD
17 May 2013
$0.41 (+3.30%)
$12.44
$12.58
$12.89
$12.58
37,166
113,605
$14.60
$9.04
Latest Key Developments (Source: Significant Developments)
Banco do Brasil SA Announces Dividend Distribution
Banco do Brasil SA announced that its Board of Directors on May 14, 2013 approved the dividend payment in the amount of BRL 279,429,178.94, corresponding to the gross value of BRL 0.09821014793 per share. Record date is May 21, 2013. Shares will be traded ex-dividends as of May 22, 2013. Payment will be done on May 31, 2013. Full Article
Banco do Brasil SA To Bay Bankia SA's Florida Unit-DJ
Dow Jones reported that Banco do Brasil SA is in advanced talks to buy City National Bank of Florida (City National), a unit of Bankia SA and to increase its stake in local bank Banco Votorantim SA to 75%. The transaction may cost at least USD 750 million. City National has 26 branches in the United States and the deal could be settled finally by the end of May 2013. Full Article
Banco do Brasil SA Updates Q4 2012 Dividend Value per Share
Banco do Brasil SA announced that the updated value per share of dividends for the fourth quarter of fiscal year 2012 is of BRL 0.26131892350. Full Article
Banco do Brasil SA Announces Q1 2013 Own Capital Interest Payment
Banco do Brasil SA announced that, on February 26, 2013, its Board of Directors approved the payment of BRL 753,777,056.20 as own capital interest for the first quarter of the 2013 fiscal year corresponding to BRL 0.26492779487 per share. The payment will be done on March 28, 2013 to the shareholders on record as of March 11, 2013. Shares will be traded ex-interests as from March 12, 2013. The own capital interest will be imputed to the minimum obligatory dividend for the first half of fiscal year 2013. Full Article
Banco do Brasil SA Adjusts Dividend Payment Date
Banco do Brasil SA announced that, following the information disclosed on February 21, 2013, its Board of Directors on February 26, 2013 adjusted the payment date from March 14, 2013 to March 8, 2013. Record date is March 1, 2013. Shares will be traded ex-dividends as of March 4, 2013. Full Article
Banco do Brasil SA Files To List Insurance Unit BB Seguridade SA-Reuters
Reuters reported that Banco do Brasil SA has filed to list its insurance and pension unit BB Seguridade SA on the Sao Paulo Stock Exchange. Bankers have told Reuters the transaction, which they expect to happen by April 2013, could fetch at least BRL5 billion ($2.5 billion). Under the proposal, which was unveiled in a filing with Brazilian securities regulator CVM, Banco do Brasil will sell as much as 40% of its pension, insurance and retirement company, BB Seguridade. The filing did not give details of the size of the deal, the number of shares on offer or a timetable for the transaction. Full Article
Banco do Brasil SA Announces Dividend Payment
Banco do Brasil SA announced that its Board of Directors on February 19, 2013 approved the dividend payment in the amount of BRL 734,229,420.25, corresponding to the nominal value of BRL 0.25805744501 per share. Record date is March 1, 2013. Shares will be traded ex-dividends as of March 4, 2013. Full Article
Banco do Brasil SA Announces Spin Off of Its Wholly Owned Subsidiary
Banco do Brasil SA announced that, following information disclosed to the public on November 26, 2012, December 18, 2012 and January 30, 2013, the Extraordinary General Meeting held on February 20, 2013 approved the initial public offering of its wholly-owned subsidiary, BB Seguridade Participacoes SA, and the respective register request as a public company to the Securities Exchange Commission (CVM). Full Article
Banco do Brasil SA Announces BRL 5.2 Billion Financial Letters Issuance
Banco do Brasil SA announced that in January 2013 it issued Subordinated Financial Letters in Brazil in the amount of BRL 5.2 billion and conducted foreign funding in the amount of USD 2 billion. Full Article
Banco do Brasil SA Announces Closing of Share Repurchase Program
Banco do Brasil SA announced that on January 8, 2013, ended the share repurchase program approved by the Company on July 13, 2012. There were 20,200,0000 shares acquired at the average price of BRL 22.83 per share totaling BRL 461,246,935.00. Full Article
UPDATE 2-Banco do Brasil profit sinks as race for market share weighs
* Recurring profit at $1.3 bln misses estimates in poll * Drastic cut in provisions helped offset lower revenue * Management vows to maintain loan book growth guidance * Recurring ROE dips to lowest level in over four years By Guillermo Parra-Bernal SAO PAULO, May 15 - Banco do Brasil SA missed first-quarter profit estimates on Wednesday, as declining revenue at Brazil's largest bank by assets offset the effects of faster loan disbursements and a reduction in pro
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
