The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Domestic Bank in an Emerging Market: Banco Bradesco

Awards for Excellence 1997

Banco Bradesco seems to have mastered the art of retail banking. It has 1,900 branches throughout Brazil in 1,285 cities and manages 5.4 million current accounts and 14.6 million savings accounts.

The bank has invested heavily in technology to improve its customer service but it is by no means solely a domestic bank. It has an extensive correspondent network and a representative office in London. It also has branches in New York and Grand Cayman and is continually expanding its presence in foreign trade.

Banco Bradesco is the number one bank in Brazil for most activities, including investment fund management, credit operations and share issuance. In 1996 its profits were the largest ever for a private Brazilian company. Its profit of R824.5 million ($768.4 million) represented a healthy 15.1% return on net equity.

Bradesco has been keen to diversify its business. Bradesco Seguros, the largest Brazilian insurer in terms of profitability and stockholder equity, has been highly profitable. Bradesco's private pensions business is also in a league of its own. There are 5,656 companies and 279,470 individuals participating in its retirement and pension plans and it has reserves of R1.9

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree