Profile: Banco Bradesco S/A (BBD)
29 Jun 2016
Banco Bradesco S.A., incorporated on January 5, 1943, is a multiple service bank. The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international corporations and institutions. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment. Its banking operations include operations in retail, middle market and corporate activities, leasing, international bank operations, investment banking and private banking. Its banking activities are performed through its own branches located throughout the country, in branches abroad and through subsidiaries, as well as by means of its shareholding interest in other companies. Its insurance segment consists of insurance operations, supplementary pension plans and capitalization plans, which are undertaken through a subsidiary, Bradesco Seguros S.A., and its subsidiaries. Its products and services encompass banking operations, such as loans and advances and deposit‑taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.
The Company has a customer base that includes individuals and small, midsized and large companies in Brazil. It offers a range of banking products and services, including checking accounts, savings accounts and time deposits; loans and advances (individuals and companies, real estate financing, microcredit, rural credit, leasing); credit cards, debit cards and pre-paid cards; management of receipts and payments; asset management; services related to capital markets and investment banking activities; intermediation and trading services; custody, depositary and controllership services; international banking services, and purchasing consortiums. The Company offers various deposit products and services to its customers, including Non-interest-bearing checking accounts, such as Easy Account, Click Account and Academic Account; traditional savings accounts; time deposits, and deposits exclusively from financial institutions. It offers its customers certain additional services, such as identified deposits, which allow its customers to identify deposits made in favor of a third-party by using a personal identification number, and real-time banking transfers from a checking or savings account to another checking or savings account, including accounts at other banks.
The Company also provides revolving credit facilities and traditional term loans. Its subsidiary, Banco Bradesco Financiamentos S.A. (Bradesco Financiamentos), offers direct-to-consumer credit and leasing for the acquisition of vehicles through its network of correspondents in Brazil, which includes retailers and dealers of light and heavy vehicles and motorcycles and payroll-deductible loans to the public and private sectors in Brazil. Under the Bradesco Promotora brand, the Company offers payroll-deductible loans to Institute for National Security Studies (INSS) retirees and pensioners, public-sector employees, military personnel and private-sector companies sponsoring plans, and other aggregated products (insurance, cards, purchasing consortiums and others). In addition, the Company offers real estate financing, including home construction loans. The Company provides traditional loans for the ongoing needs of its corporate customers.
The Company offers a range of loans to its Brazilian corporate customers, including short-term loans of over 30 days or less; working capital loans to cover its customers' cash needs; guaranteed checking accounts and corporate overdraft loans; discounting trade receivables, promissory notes, checks, credit card and supplier receivables, and a range of other receivables; financing for purchase and sale of goods and services; corporate real estate financing; investment lines for acquisition of assets and machinery, and guarantees. Its leasing operations primarily involve the leasing of trucks, cranes, aircraft and heavy machinery. The Company offers a range of credit cards to its clients, including American Express, Elo, Visa, MasterCard brands and private label cards. The Company offers its customers a line of credit cards and related services, including cards issued for use restricted to Brazil; credit cards accepted nationwide and internationally; credit cards directed toward high net worth customers, such as Gold, Platinum and Infinite/Black from Visa, American Express and MasterCard brands; multiple cards that combine credit and debit features in a single card, which may be used for traditional banking transactions and shopping; corporate credit cards accepted nationwide and internationally; co-branded credit cards, which the Company offers through partnerships with companies, and private label credit cards.
The Company offers electronic solutions for managing accounts payable and receivable, supported by its network of branches, bank correspondents and electronic channels. The solutions provided include collection and payment services, and online resource management enabling its customers to pay suppliers, salaries, and taxes and other levies to governmental or public entities. The Company offers a range of international services, such as foreign exchange transactions, foreign trade finance, lines of credit and banking. Its international transactions are coordinated by its international and foreign exchange department in Brazil with support from over 30 operational units specializing in foreign exchange businesses located at exporting and importing areas nationwide. Its Brazilian foreign-trade related business consists of export and import finance. It provides foreign currency payments directly to foreign exporters on behalf of Brazilian importers. In addition to import and export financing, its customers have access to a range of services and foreign exchange products, such as collecting import and export receivables; cross border money transfers; advance payment for exports; accounts abroad in foreign currency; domestic currency account for foreign domiciled customers; cash holding in other countries, and structured foreign currency transactions.
The Company offers insurance products through various entities, which the Company refers to as Grupo Bradesco Seguros. The Company offers life and personal accident insurance, as well as insurance against miscellaneous events, such as job loss, through its subsidiary Bradesco Vida e Previdencia S.A. The Company offers health insurance policies through Bradesco Saude S.A. and its subsidiaries for small, medium or large companies. The Company provides automobile, property/casualty and liability insurance through its subsidiary Bradesco Auto/RE Companhia de Seguros. Its automobile insurance covers losses arising from vehicle theft, damage to the passenger and third-party injury. Its treasury department trading includes derivative transactions, mainly for economic hedging purposes (macro-hedge).
The Company competes with Banco do Brasil, Itau Unibanco, Santander Brasil, Brasilprev, Itau Unibanco Seguros S.A., Sul America Cia. Nacional de Seguros, Grupo Segurador Banco do Brasil, Mapfre, Porto Seguros Cia. de Seguros Gerais, Zurich, Santander and Caixa Seguros.
Banco Bradesco S/A
Company Web Links
- Brazil's Bradesco says board approved share buyback
- Bradesco wins Brazil approval for $5.2 billion purchase of HSBC unit
- CORRECTED-UPDATE 2-Bradesco wins Brazil approval for $5.2 bln purchase of HSBC unit
- CORRECTED-Brazil watchdog approves Bradesco purchase of HSBC local unit
- Banco Bradesco faces shareholder lawsuit in U.S.