Banco do Brasil S.A. (Bank of Brazil) history, company profile (overview) and history video
Banco do Brasil S.A. (Bank of Brazil) is a Brazilian banking and financial services company headquartered in Rio de Janeiro, Brazil.
Banco do Brasil was founded in 1808 by King John VI of Portugal to finance the kingdom’s public debt when he moved from Europe to Brazil.
OPERATIONS
The company operates through the following business segments: Retail, Corporate, Public sector, and Other activities.
Retail
The Retail segment offers accounts, cards, loans, investments, insurances, capitalization, pension plans, debt solutions, financial education, dental plans, credits, exchange, and others.
Corporate
The Corporate segment covers accounts, credits, investments, payments and receipts, cards, foreign trade, insurances, welfare, capitalization, debt solutions, cash management, capital market, international business, pension plans, agribusiness, and others.
Public sector
The Public sector involves management solutions, socio-economic development, transparency programs, exchange, education programs, infrastructure programs, facilities for receiving court fees, and others.
Other activities
The Other activities segment focuses on agribusiness, cooperatives, universities, professionals & entrepreneurs, and non-account holders.
SUBSIDIRARIES
- BB Seguridade
- Banco Votorantim
- Banco Patagonia
- Banco do Brasil Americas
- BB Tecnologia e Serviços
With more than 99,000 employees and more than 5,000 branches, Banco do Brasil S.A. is the oldest bank in Brazil, and one of the oldest banks in continuous operation in the world. Bank of Brazil is considered one of the largest banking institutions in Latin America. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and ”www.bb.com.br”.
**Video published on YouTube by “Companies History“.