News: Banco Bradesco SA (BBDO.N)

BBDO.N on New York Stock Exchange

16.34USD
18 Jul 2014
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$0.43 (+2.70%)
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Mon, Jul 21 2014

Fitch Affirms Banco Bradesco and Itau Unibanco Group's Ratings

(The following statement was released by the rating agency) NEW YORK/SAO PAULO, July 21 (Fitch) Fitch Ratings has affirmed the ratings of Banco Bradesco S.A. (Bradesco), Itau Unibanco Holding S.A. (IUH), Itau Unibanco S.A. (Itau Unibanco), and Banco Itau BBA S.A. (IBBA) A full list of rating actions follows at the end of this release. The Rating Outlook is Stable. IUH and Bradesco are the largest private sector financial groups in Brazil. They are present in a wide range of lending segments

BNDES, banks to extend more loans to Brazil's CCEE -paper

SAO PAULO, July 21 - Brazilian state development bank BNDES and a pool of commercial lenders could extend an additional 6.5 billion reais ($2.9 billion) in emergency credit to electricity distributors as drought causes power rates to soar, newspaper O Estado de S. Paulo said on Monday.

Brazil's Bradesco unfazed over its stake in BES, paper says

SAO PAULO, July 11 - Banco Bradesco SA's 3 percent stake in Portugal's Banco EspĂ­rito Santo SA is small and poses no significant impact to Brazil's second-largest private-sector lender, Chief Executive Officer Luiz Carlos Trabuco told a local newspaper on Friday.

EMERGING MARKETS-Brazil stocks dip as Ukraine offsets Bradesco profit

RIO DE JANEIRO, April 24 - Brazilian stocks edged lower on Thursday as geopolitical tension in Ukraine offset a surge in banking shares, which followed Bradesco's higher-than-expected first-quarter profit. Investors' appetite for risk in emerging markets subsided as Russia launched army drills near the border of Ukraine after the killing of up to five pro-Moscow rebels by Ukrainian forces. Concern about an escalation of the Russia-Ukraine crisis put a lid on Brazil's benchmar

UPDATE 3-Bradesco reluctant to raise spreads as Brazil rates jump

(Recasts with Bradesco's view on lending rates, comments, share performance)

STXNEWS LATAM-Banco do Brasil, Bradesco, Cielo to launch e-commerce venture

Banco do Brasil SA, Banco Bradesco SA, two of Brazil's largest commercial lenders, and card payment processor Cielo SA agreed to create a new payment settlement system for e-commerce transactions, according to a securities filing on Wednesday.

Banco Santander Brasil to buy card firm GetNet

SAO PAULO/MADRID - Banco Santander Brasil SA agreed to acquire Brazil card payment processor GetNet Tecnologia SA for about 1.1 billion reais ($493 million) in a step aimed at gaining market share.

Brazil lender Bradesco sees loan spreads stable, credit growing

SAO PAULO, April 7 - Borrowing costs in Brazil, as measured by lending spreads, are unlikely to decline until the central bank lowers its benchmark interest rate, Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco said on Monday, adding that the bank's loan book growth is rising more than expected.

Brazil and lenders negotiating electricity fund loan, says Bradesco

SAO PAULO, April 7 - The Brazilian government and lenders are still deciding the terms of a potential loan to electricity industry clearinghouse CCEE, a senior executive at Banco Bradesco SA said on Monday.

Banks pull commitment to backstop share offering by Brazil's Oi

SAO PAULO - A group of 14 banks led by Grupo BTG Pactual SA on Thursday removed a firm commitment to subscribe to part of a 24.22 billion reais ($10.6 billion) share offering by Brazilian phone carrier Grupo Oi SA if investor demand falls short.

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