Banco Bradesco S/A (BBDO.N)
|Market Cap(Mil.):||R$ 145,809.80|
SAO PAULO, April 28 Banco Bradesco SA expects loan-loss provisions to end the year within target even if defaults climbed further, executives said on Thursday, trying to allay concerns that a harsh recession will lead Brazil's third-largest listed bank to accelerate loan refinancings for troubled individual and corporate borrowers.
SAO PAULO, April 28 Banco Bradesco SA missed first-quarter profit estimates on Thursday, after a harsh recession and rising defaults forced Brazil's third-largest listed bank to raise loan-loss provisions and step up renegotiations with some large corporate borrowers.
SAO PAULO Brazil's harshest recession in decades and deepening political turmoil are preventing buyers and sellers from finalizing dozens of mergers and acquisitions amid wide disagreements over valuations, according to dealmakers.
SAO PAULO Banco Bradesco SA said on Monday it had received central bank permission to raise up to 8 billion reais ($2.2 billion) in fresh capital through a share offering.
SAO PAULO, April 4 Banco Bradesco SA said on Monday it had received central bank permission to raise up to 8 billion reais ($2.2 billion) in fresh capital through a share offering.
BRASILIA, April 4 A preliminary report by Brazil's antitrust regulator recommended imposing restrictions on Bradesco SA's purchase of the Brazilian unit of HSBC Holdings PLC, according to the official gazette on Monday.
NEW YORK, March 24 When global oil prices peaked in 2008, Brazil's Petrobras had a market value of $290 billion, outranking U.S. tech bellwethers like Microsoft Corp and Apple Inc. Today, the one-time state champion is worth one ninth of that.
SAO PAULO, Feb 5 Itaú Unibanco Holding SA , Brazil's largest private-sector bank, has for years traded at a premium to rival Banco Bradesco SA but many investors are betting the gap will narrow amid sharply diverging outlooks from the lenders.
SAO PAULO, Feb 3 Brazil's Banco Bradesco SA , the country's second largest private bank, proposed on Wednesday a capital increase of 8 billion reais ($2.05 billion) using its own reserves and granting new shares to current shareholders free of charge, the bank said in a regulatory filing.
SAO PAULO, Jan 29 Many of Brazil's biggest corporate loan defaults cases have already happened and been dealt with, a senior executive at giant private-sector lender Banco Bradesco said on Friday, underscoring a prudent tack on loan book quality as the nation struggles with a deep recession.