Banco do Brasil S.A. (English: Bank of Brazil) is the largest bank by assets in Brazil and all of Latin America. The bank, headquartered in Brasília, was founded in 1808 and is the oldest active bank in Brazil, even older than the country's central bank. It is also one of the oldest banks in continuous operation in the world.
Banco do Brasil is controlled by the Brazilian government but its stock is traded on the São Paulo Stock Exchange and its management follows standard international banking practices (Basel Accords). Since 2000 it has been one of the four most-profitable Brazilian banks (the others being Itaú Unibanco, Bradesco, and Santander Brasil) and holds a strong leadership position in retail banking
|Banco do Brasil S.A.|
|Traded as||B3: BBAS3|
OTC Pink: BDORY
|Founded||Rio de Janeiro, Brazil|
(October 12, 1808)
|Founder||King John VI|
|Marcelo Augusto Dutra Labuto (CEO)|
|Revenue||US$ 53.0 billion (2017)|
|US$ 3.3 billion (2017)|
|Total assets||US$ 430.0 billion (2018)|
|Owner||Brazilian Government (59%)|
Number of employees
Banco do Brasil Americas
BB Tecnologia e Serviços
Banco do Brasil was founded in 1808 by then prince regent John (later King John VI of Portugal) to finance the kingdom's public debt when he moved from Europe to Brazil. "As a mixed institution under state control, the Banco do Brasil served as a commercial bank, the government's fiscal agent, and Brazil's first bank of issue." It went bankrupt two times in history: once during independence in 1821, when John VI returned to Portugal taking with him some of the bank's assets, and a second time in 1898.
From 1821 to 1964 Banco do Brasil occasionally performed tasks that exceeded its role as a traditional commercial bank: issuing currency, having the monopoly of currency exchange transactions and serving as National Treasury holder for the government. Such tasks were gradually given to other governmental institutions, mainly with the creation of the Central Bank of Brazil in 1964 and the separation from the National Treasury in 1987.
From 1992 onwards it was restructured as a commercial bank, using its huge geographic distribution and credit assets to leverage its redesign as a "normal" bank. In the process, tens of thousands of workers were laid off.
After decades of losses due to being used to financing some of the Brazilian Federal Government public policies, the bank became very profitable across the years. The bank is one of the key structures used by Brazilian government to estabilize the market (like preventing cartelizations in the bank interest market or stabilizing the bank credit during financial distress times like the 2008-2009 global crisis). The institution also is used to finance public programs such as the DRS - Sustainable Regional Development initiatives.
The current logo has been in use since the 1960s, when the standard colors changed from brown and yellow to blue-grey-and yellow.
Since the early 1980s, the bank has sponsored several sports competitions (in sports such as beach soccer, volleyball, tennis, table tennis, futsal, sailing and beach volleyball). It is the official sponsor for Robert Scheidt, Gustavo Kuerten, and the Brazilian national beach soccer, volleyball and futsal teams.
The bank also sponsors other cultural events such as plays through its organization CCBB (Centro Cultural Banco do Brasil) and amateur sports through the AABB (Associação Atlética Banco do Brasil).
Supermodel Gisele Bündchen was chosen to be the face of their first global ad campaign in 2012.
In addition to commercial and government services, the bank offers a large variety of services to the consumer including bill payment services (Boleto), ATM loans, and a single package that contains the account numbers for checking, multiple savings accounts, and investment account. The account holder may apply for international MasterCard and Visa debit cards which act as both a credit card on a loan account, and as a debit card on the checking account (a little different from the arrangement in many other countries, where both the debit and credit functions of a debit card act on the checking account). The list of services offered encompass many complex automatic functions from ATMs and online such as a wide variety of loans, automatic payments, Brazilian bill payments, and deposits to other Brazilian accounts. Many merchants routinely accept account-to-account transfers as payment for goods.
Banco do Brasil has a few branches in the United States (Washington, Miami) and other countries. These branches are intended for use by large companies and for permanent residents of Brasil who visit the other countries, but they also offer regular services for residents of the countries where they are located.
Banco do Brasil has been expanding its international presence and currently has more than 44 points of service abroad, divided into branches, sub-branches, business units / offices and subsidiaries.
Interest rates on loans vary to a great extent but, being a public-owned bank that operates as a commercial venture, Banco do Brasil is not noted for having the highest, or the lowest rates either.
Traditionally the CEO is appointed by the Brazilian president but usually picked from a list of career directors. A few CEOs were taken from outside the financial industry.
Banco do Brasil has the monopoly of a number of government funding programs, like Pronaf (National Subsistence Farming Support), DRS, Fome Zero (zero hunger), PASEP, and others, and is the bank of choice for most municipal and state governments.
Being public-owned, Banco do Brasil must recruit workers through a public draft process, known as Concurso Público and work within strict norms of business. Due to the security which the public draft process provides working for Banco do Brasil is considered a desirable job in most of Brazil. This process is usually carried out separately for each region, with approved candidates being recruited to any branch in the region, in which they completed the process, within the following two years in order of classification (it can be delayed for more than two years, once in each process). Candidates must be Brazilian nationals (or legal residents and naturalised) and must be able to prove that they have completed their military service and electoral registration obligations (both military service and voter registration are mandatory for all Brazilians aged 18 to 70).
Banco do Brasil also has 49 offices/places of business in 23 different countries, and according to the local laws of every country the employees may be local hires. The Miami Branch plus the North America Regional Office (BBUSA) and its subsidiaries in the USA (Eurobank FL - Banco do Brasil Americas, and BB Money Transfers) also have local hires.
In order for a local to be hired by the bank, the candidate must pass a competitive test, as well as demonstrate his/her ability to communicate in multiple languages, knowledge of finance, economics, computer sciences, business administration and asset management, trade, structured and project finance, among others, related to the positions that open and become available as the bank expands. Having prior experience working in related areas is fundamental.
Other public-owned Brazilian banks, like Caixa Econômica Federal, Banco da Amazônia, and Banco do Nordeste do Brasil also carry out a similar process but the process carried out by Banco do Brasil is the archetypal Brazilian Concurso Público like that of all Brazilian government funded public service jobs.
Banco do Brasil is an official sponsor of the Brazil national volleyball team and has had a long-running association with Brazilian racing driver Felipe Nasr and are the title sponsor of his team, Sauber.
Aldemir Bendine (born 10 December 1963) was the chief executive officer (CEO) of Petrobras.
Bendine worked for Banco do Brasil since the age of 15, rising to CEO. He has been named CEO of Brazil’s state-run oil company Petrobras, leaving his position as head of Brazil’s state controlled commercial bank, the Petrobras directive board has confirmed. The new chief of Brazil's oil company was born in 1963, and has worked at the country's largest bank by assets, Banco do Brasil from the age of 15, eventually becoming its CEO.Bendine has been CEO of Petrobras from February 2015 to May 2016.Aldemir Bendine has been a BRF board member since September 2015.He was arrested in Operation Car Wash (Portuguese: Operação Lava Jato), ongoing criminal investigation being carried out by the Federal Police of Brazil in July 27, 2017
He was charged by federal prosecutors with “passive corruption”, money laundering, criminal organization and obstruction of justice.Amargosa, Bahia
Amargosa is a municipality in the state of Bahia in the North-East region of Brazil.Banco Nossa Caixa
Banco Nossa Caixa (BM&F Bovespa: BNCA3) was a Brazilian bank listed since 2005 on the BM&F Bovespa and focused on State of São Paulo, but active in other Brazilian States. Founded in 1916 originating from Caixas Economicas Paulista, used to have 547 branches. The Bank was incorporated into the Banco do Brasil in 2008 maintaining 99.32% of its stock owned and 0.78% in the market.
Banco Nossa Caixa was the exclusive financial agent of the State of São Paulo to manage government's resources, promoting transfers to their municipalities and payments to suppliers and government officials and retirees, in addition, makes the payment of charges, obligations or liabilities of any nature including those arising from judicial decisions, service debt and transfers processed by the units and institutions participating in the direct administration of the State of São Paulo.Banco Patagonia
Banco Patagonia is an Argentine commercial bank headquartered in Buenos Aires. The company operates in the individual, as well as small and medium-sized business banking segments, and has currently more than 775,000 clients.
Banco Patagonia was established as a brokerage house in 1976. Following its entry into the auto loan sector in 1987, it became a commercial bank (Banco Mildesa) in 1988. Mildes grew with the 1996 acquisition of the newly privatized Banco de Río Negro, and was renamed after the latter province's region of Patagonia, in 2000.
Patagonia acquired the insolvent Banco Sudameris (whose portfolio included the Caja de Ahorro, the nation's largest savings and loan), in 2003. Absorbing Lloyds TSB's Argentine operations in 2004, it grew to become one of the 15 largest banks in Argentina, and has branches in Brazil and Uruguay. Banco Patagonia is listed on the Buenos Aires Stock Exchange and the BM&F Bovespa, in São Paulo.
It is owned by Banco do Brasil, the largest bank in Latin America. Banco do Brasil holds 58.96% of the shares of Banco Patagonia.Banco Votorantim
Banco Votorantim is the seventh largest bank in Brazil. It operates in the wholesale, retail, treasury, asset management and brokerage fields, and was founded in 1988. Its headquarters are located in São Paulo, Brazil.
The operations of Banco Votorantim is driven by a set of institutions that operate in an integrated way: the Bank provides businesses products and services for the commercial sector and investment, the BV Financeira operates in the financing and consumer credit; Votorantim Asset Management (VAM) manages the resources of others, and Vototrantim CVTM makes securities and brokerage.
The bank its owned by Votorantim Group and the Banco do Brasil, the operation was completed on 28 September 2009. Banco do Brasil then hold 49.9% of common shares and 50.1% of the preferred, Banco Votorantim continuing control of the Votorantim Group.Campos Altos
Campos Altos is a Brazilian municipality located in the west of the state of Minas Gerais. Its population as of 2007 was estimated to be 13,184 people living in a total area of 719 km². The city belongs to the mesoregion of Triângulo Mineiro and Alto Paranaíba and to the micro-region of Araxá. It became a municipality in 1944.Campos Altos is located at an elevation of 1,050 meters, 85 km. east of Araxá on highway BR-216. The distance to the state capital, Belo Horizonte, is 264 km. Neighboring municipalities are: Rio Paranaíba (N), São Gotardo (NE), Santa Rosa da Serra (E), Córrego Danta, (SE) Tapiraí (S), Pratinha (SW), and Ibiá (W).The Ferrovia da Centro Atlântica, a railroad line used for cargo, passes through the town.
The GDP in 2005 was approximately R$133 million, with 53 million reais from services, 4 million reais from industry, and 69 million reais from agriculture. There were 549 rural producers on 48,000 hectares of land. The land is very fertile and agricultural production is high. 168 farms had tractors (2006). Approximately 2,000 persons were dependent on agriculture. The main crops are coffee (8,500 hectares planted in 2006)) while soybeans, potatoes, wheat, and corn were also grown. There were 25,000 head of cattle (2006). There were 2 banks (2007): Banco Itaú, Banco do Brasil
and Sicoob/Crediagro. There were 1,988 automobiles (2007), giving a ratio of 6 inhabitants per automobile.There were 8 health clinics and 1 hospital with 37 beds (2005). Patients with more serious health conditions are transported to Araxá, which is connected by good roads. Educational needs were met by 3 primary schools, 1 middle school, and 6 pre-primary schools.
Municipal Human Development Index: 0.786 (2000)
State ranking: 90 out of 853 municipalities as of 2000
National ranking: 901 out of 5,138 municipalities as of 2000
Literacy rate: 87%
Life expectancy: 74 (average of males and females)In 2000 the per capita monthly income of R$251.00 was below the state and national average of R$276.00 and R$297.00 respectively.
The highest ranking municipality in Minas Gerais in 2000 was Poços de Caldas with 0.841, while the lowest was Setubinha with 0.568. Nationally the highest was São Caetano do Sul in São Paulo with 0.919, while the lowest was Setubinha. In more recent statistics (considering 5,507 municipalities) Manari in the state of Pernambuco has the lowest rating in the country—0,467—putting it in last place.Centro Cultural Banco do Brasil
The Centro Cultural Banco do Brasil (CCBB, in English: Bank of Brazil Cultural Center) is a cultural organization of the Banco do Brasil based in Brazil with centers in Rio de Janeiro, Brasilia, São Paulo and Belo Horizonte.
The CCBB began in 1986. It opened in Rio de Janeiro in 1989, Brasilia in 2000, São Paulo in 2001 and Belo Horizonte in 2013. Its three centers in Rio de Janeiro, Brasilia, and São Paulo are among the top hundred most visited art museums in the world. In 2013, the three centers combined had 4.4 million visitors: 2,034,397 visitors in Rio de Janeiro, 1,468,818 visitors in Brasilia, and 931,639 visitors in São Paulo.The largest of the CCBB institutions is located in Rio de Janeiro, in an art-deco building designed by Francisco Joaquim Bethencourt da Silva. Similar in size is the São Paulo institution, designed in the same style by Hippolyto Pujol. The smallest of the three complexes the Brasilia branch, designed by Alba Rabelo Cunha.
Both the Rio de Janeiro and São Paulo branches contain theatres, cinemas, and multiple art galleries.Correios
Empresa Brasileira de Correios e Telégrafos (English: Brazilian Post and Telegraph Corporation), abbreviated as ECT, also known as Correios, is a state-owned company that operates the national postal service of Brazil since the seventeenth century.The company created and manages the Brazilian postal code system known as Código de Endereçamento Postal. It also provides e-commerce platform (CorreiosNet Shopping), banking (Banco Postal) acting as proxy of Banco do Brasil, Boleto bill payment collection and express mail service Sedex, with its international service network reaching more than 220 countries worldwide. It is the largest employer in Brazil with more than 109,000 own employees and outsourced, being the only company to be present in all municipalities in the country, with a wide network of owned and franchised units. The company is fully owned by the Federal Government of Brazil and subordinated to the Ministry of Communications.Cultural center
A cultural center or cultural centre is an organization, building or complex that promotes culture and arts. Cultural centers can be neighborhood community arts organizations, private facilities, government-sponsored, or activist-run.Dim sum bond
Dim sum bonds are bonds issued outside of China but denominated in Chinese renminbi, rather than the local currency. They are named after dim sum, a popular style of cuisine in southern China.The first dim sum bond was issued by the China Development Bank in July 2007. Until July 2010, only Chinese and Hong Kong banks could issue renminbi-denominated bonds; deregulation led to the development of an offshore market in renminbi and the internationalization of dim sum bonds. The bonds became more popular as foreign companies sought yuan-denominated assets as the renminbi appreciated in 2011. Although the major market for dim sum bonds is Hong Kong, China Construction Bank became the first Chinese Bank to issue a renminbi denominated bond in London in November, 2012. This followed similar issues by non-Chinese banks like ANZ, HSBC and Banco do Brasil earlier in the year.
35.7 billion yuan in dim sum bonds were issued in 2010 and 131 billion in 2011.The first foreign-issued dim sum bond by a nonfinancial company was announced in August 19, 2010 and issued in September 16, 2010 by McDonald's. On 5 November 2013, British Columbia finance minister Mike de Jong reported a successful placement of Chinese RMB$2.5bn in dim sum bonds, listed January 14, 2014 on the Luxembourg Stock Exchange. The issue was five times oversubscribed.
Some Indian companies participate in the dim sum bond market, one of them being IL & FS Transportation networks (a subsidiary of the giant lender IL & FS Financial Services).Ivan Monteiro
Ivan de Souza Monteiro (born 1960 in Manaus) is a Brazilian electronic engineer. He is the president of the oil state company Petrobras. Previously, Monteiro was CFO of the company. Before heading Petrobras, Monteiro worked in Banco do Brasil.João Maurício Vanderlei, Baron of Cotegipe
João Maurício Vanderlei or Wanderley, first and only baron of Cotegipe (Barra, then São Francisco de Chagas da Barra do Rio Grande, October 23, 1815 — Rio de Janeiro, February 13, 1889), was a magistrate and Brazilian politician of the Conservative Party.
Born as the son of João Maurício Vanderlei, a Dutch descendant, and Francisca Antónia do Livramento, of Portuguese ancestry.
He graduated from the University of Olinda in 1837 with a bachelor's degree in Law and was Marine Minister, Farm Minister, External Minister and Justice Minister of Brazil. He was also President of the Senate of Brazil from 1882 to 1885 and Prime Minister of Brazil from 1885 until 1888 and president of the Banco do Brasil.
Wanderley was responsible for the approvement of the Saraiva-Cotegipe Law in 1885, which granted freedom to slaves who were older than 60 years old.
He was dismissed from his post by Princess Isabel during her third regency in 1888. Months later, as a senator, he was the only one to vote against the approval of the Golden Law, which abolished slavery. He is assigned the dialogue with the Princess where he says: "Your Highness released a race but lost the throne" to which the Princess promptly replied: "A thousand thrones I had, a thousand thrones I would give to liberate the slaves of Brazil"Lagamar
Lagamar is a municipality in the north of the Brazilian state of Minas Gerais. Its population in 2014 was 7,800 inhabitants in a total area of 1,425 km2 (550 sq mi). It is a large producer of cattle and grains and there is extraction of phosphates.
Lagamar belongs to the Paracatu statistical microregion. The elevation of the municipal seat is 836 meters. It became a municipality in 1962. This municipality is located north of Patos de Minas on paved MG-188. The distance is 80 km (50 mi). The distance to the capital, Belo Horizonte, is 492 km (306 mi).
Vazante: in the north – 28 km (17 mi).
Patos de Minas: in the south – 83 km (52 mi).
Presidente Olegário: in the east – 52 km (32 mi).
Coromandel: in the west – 75 km (47 mi).Neighboring municipalities are: Lagoa Grande, Coromandel, Vazante, Presidente Olegário and Patos de Minas.
The climate is humid sub-tropical with an average maximum of 35°C; a minimum of 16°C; and an annual average of 22°C.
The main economic activities are cattle raising and farming. The GDP was R$46,194,000 (2003). In agriculture the main products cultivated are rice and corn, followed by soybeans, beans and passion fruit. One of the main sources of income is the mining industry and extraction of phosphates. The Banco do Brasil has a branch in the town. In the health sector there were 06 health clinics and 01 hospital with 16 beds (2007).In the rural area there were 922 farms and a total agricultural area of 106,000 hectares, of which 6,500 ha. were planted, 83,000 were in natural pasture, and 13,000 ha. were in woodland or forest. 2,200 people were dependent on farming. 122 of the farms had tractors. The main crops in planted area were rice, 490 ha.; corn, 1,900 ha.; and soybeans, 1,300 ha. In 2006 there were 66,000 head of cattle.The score on the Municipal Human Development Index was 0.731. This ranked Lagamar 416 out of 853 municipalities in the state, with Poços de Caldas in first place with 0.841 and Setubinha in last place with 0.568.Leomar Quintanilha
Leomar de Melo Quintanilha (born October 23, 1945 in Goiânia) is a Brazilian politician. Formerly a banker with the Banco do Brasil, he served in the Chamber of Deputies representing Tocantins from 1989 until 1995; since 1994 he has represented the state in the Senate of Brazil. He is a member of the Brazilian Democratic Movement Party. He is the president of the Federação Tocantinense de Futebol since its foundation in 1990.List of banks in the Americas
This is a list of the banks in the Americas.Paulo César Ximenes
Paulo César Ximenes, full name Paulo César Ximenes Alves Ferreira (born December 30, 1943 in Rio de Janeiro, Rio de Janeiro), is a Brazilian economist.
He served as president of the Banco do Brasil and was 18th president of the Banco Central (analogous to the Federal Reserve in the United States) from 26 March 1993 to 9 September 1993. He has held several government portfolios and has represented Brazil in international conferences in his economist capacity many times.Santander Brasil
Banco Santander Brasil is a subsidiary of Banco Santander in Brazil, its largest division in Latin America and one of the world's most important, accounting for 50% of the total profit of the group. The bank was founded in 1982 in São Paulo, where its headquarters are located.
Santander is the fifth largest commercial bank in Brazil by assets, after Banco do Brasil, Itaú Unibanco, Bradesco and Caixa Econômica Federal. With more than 9 million customers, it operates in all segments of financial markets, with a network of 3696 branches and service centers and 18,312 ATMs
In 1997, Santander purchased Banco Geral do Comério S.A., initiating the wave of acquisitions through which it earned a position among the largest financial groups in Brazil. In 1998, it acquired Banco Noroeste S.A.. In January 2000, the Southern Financial conglomerate (Banco Meridional and Banco Bozano, Simonsen) joined the group. In November of the same year, Santander made its largest acquisition yet, taking control over Banespa, previously owned by Brazil's wealthiest state, São Paulo.
After the Banespa acquisition, the financial conglomerate Santander Banespa was formed. While a strong franchise, Santander's position was still heavily concentrated in the Southeast region of Brazil.
In 2007, Banco Santander participated along with Royal Bank of Scotland and Fortis in the acquisition of the Dutch financial conglomerate ABN AMRO. Santander took over ABN AMRO's Brazilian assets, mainly formed by the latter's acquisition of Banco Real, and developed a truly national platform, dropping the Banespa name and adopting the Santander Brasil franchise.Surekha
Surekha is a contemporary Indian video artist whose works showcase themes including identity and feminism/ecology. She has been a full-time artist since 1996 and her video works have been shown at galleries outside India since 2001. Her works are known for the mix of video and physical presence, highlighting inherent experiences. Surekha has been exploring the possibilities of the video form, negotiating the public and private, locating the body as a site of contestation and appropriation. She uses photography and video to archive, document and perform.She has shown her works both in India and many international shows. Surekha, a visual artist from India , is exploring artistic forms through installations, video & photography since last two decades. Her works investigates how visuality can engage with gender/ ecology/socio-political aesthetics, negotiating public and private spaces.She studied visual arts at Ken School of arts (1985–90) and then post graduation from Vishwabharati University (1990–92).Her work has been shown in Indian and International galleries and museums like, Kunstraum Kreuzberg (Berlin), Sanjose Museum & Ulrich museum (USA), Kunsthaus (Langenthal), Museum Guimet (Paris), EAWAG (Zurich), National Gallery of modern art (Bangalore), Devi Art Foundation & Kiran Nadar Museum of Art (New Delhi), Chemould Prescott Road & Lakeeren art gallery (Mumbai), Kastrupgard Samlingen (Copenhagen), Herbert J.Foundation (Cornell University), Centro Cultural Banco do Brasil, (Rio de Janeiro), Fondacio La Caixa (Barcelona), Bucharest Biennale, Pleasure Dome (Toronto) , Loveland Museum (USA), New media festival (Dhaka), Alharama Art Center, Lahore / Karachi, Minneapolis art Institute/Newark Museum , Ivam Museum (Spain), Videonnale-Malmo Museum (Stockholm), Haus der Kulturen der Welt (Berlin), Jerusalem Show- Al'mamal Foundation, Asia Triennale (Manchester), Royal academy (London), Fluss (Austria), Kunst Museum (Bern) , Ecole Beaux Arts (Paris), Dakshina Chitra & Boros Museum (Sweden ), Ethnographic Museum (Geneva), Aboa Arsanova/Lappenrenta Museum (Finland) and IMA (Brisbane).
She has had many solo shows in Bangalore since 1996 ( at Venkatappa Art Gallery, Gallery Ske, Sistas art gallery, Karnataka Chitrakala Parishat, Vishweshwariah science Museum, Samuha collective etc.,) Surekha has been to international art residencies and also taught in art universities. She has presented talks at Malmo University, Tate Modern etc., She has been involved in visual art collectives like BAR1, Khoj and was a founder curator of Rangoli Metro Art Center, Bangalore. Surekha lives and works in Bangalore.Tandara Caixeta
Tandara Alves Caixeta (born Brasilia, 30 October 1988) is a Brazilian professional volleyball player. She plays for the Brazil women's national volleyball team and for Minas Tenis Clube in the Brazilian Superliga. She competed for Brazil in the 2012 Summer Olympics, winning a gold medal. She is 1.84 m (6 ft 0 in) tall. She is the daughter of Evaldo Caixeta, a former amateur player with Banco do Brasil Athletic Association. At the age of nine, after trying many different sports, she saw a TV advert and decided to go to a volleyball trial.
In 2011, she was selected for the Brazil team for the first time and won gold in the 2011 Pan American Games in Guadalajara, before becoming an Olympic champion in London in 2012. She has twice been the top scorer in the Brazilian Women's Superliga.
Caixeta won the 2017 South American Championship Most Valuable Player award. She later won the 2017 FIVB World Grand Champions Cup Best Opposite Spiker award.