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Banco Bradesco: Brazil Mega Bank

February 4, 2016

Banco Bradesco SA was founded on March 10, 1943, by Amador Aquiar and is headquartered in Osasco, Brazil. It offers a broad array of banking and financial products and services. Banco Bradesco operates through two segments namely: Banking, and Insurance, Pension & Capitalization Bonds.

It accepts various deposit products, such as demand deposits, time deposits, checking accounts, savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The bank also offers loans comprising short-term loans, vehicle financing, overdraft loans on checking accounts, revolving credit facilities, and traditional term loans to consumers.

Banco Bradesco also provides real estate financing services; microcredit to low-income individuals and small companies; BNDES onlending; short-term loans, working capital loans, guaranteed check accounts and corporate overdraft loans, discounting trade receivables, promissory notes, checks, credit card and supplier receivables, financing for purchase and sale of goods and services, corporate real estate financing, investment lines for acquisition of assets and machinery, and guarantees; and rural loans among other products and services.

As of December 31, 2014, the company operated through a network of 4,659 branches, 4,631 service centers and electronic in-company service centers, and 31,089 ATMs in Brazil; and 2 branches internationally.

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