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"Being the largest bank again shows that we had a successful strategy of sustaining credit during the crisis"
Aldemir Bendine, Banco do Brasil |
ALDEMIR BENDINE IS a very powerful man. Not because he is a senior politician, or a man with vast wealth, but because he is the newly appointed chief executive of the biggest bank in Brazil – in fact, in Latin America. As Banco do Brasil’s relatively new chief executive – he took up the role in April – he is now walking the tightrope between keeping minority shareholders satisfied with a growing and profitable bank and keeping the bank’s leading shareholder, the Brazilian government, happy by satisfying the president’s political ambitions.
Banco do Brasil is 66% owned by the state and has just reclaimed the title of Brazil’s largest bank in terms of total assets from Itaú Unibanco. "Being the largest bank...
