Banco do Brasil, the first Brazilian Bank established in the Middle East, celebrates the Brazilian National Day with fervor. Since May of 2008, Banco do Brasil is based in Dubai in order to increase trade, finance and investments between Brazil and Middle East. The presence of Banco do Brasil in Middle East is an important step toward building institutional relationships and strengthening commercial ties between Brazil and Gulf countries. With a massive investment in technology, 103,458 skilled employees and a constant search for efficiency, the bank continues to expand its activities. Banco do Brasil is very honored to be the first Brazilian Bank in the Middle East.
Due to its international presence, Banco do Brasil has the largest service network abroad among Brazilian banks. This network comprises 17 branches, eight sub-branches, 12 Representative Offices and five subsidiaries in 23 countries. Besides that, Banco do Brasil deals with 1,500 correspondent banks in 150 countries.
Being the largest bank in Latin America in terms of assets ($307 billion), assets under management ($150 billion), deposits ($159 billion), number of clients (53.5 million) and distribution network (17,203 points of service), BB maintains leadership positions in the Brazilian banking industry, and also in agribusiness, cards and foreign trade.
Banco do Brasil was the first bank to operate in Brazil and its shares are the oldest negotiated on the Brazilian Stock Exchange (the fourth in the world), entering in the New Market, a special listing segment, with the best corporate governance practices. Banco do Brasil is the highest market-valued company in this listing segment, amounting to U$27.87 billion in June 2009.
Banco do Brasil is a state bank. Its mission is to be the solution in services and financial intermediation, to meet the expectations of customers and shareholders, to strengthen the commitment between employees and the bank, and to contribute toward Brazilian development. Banco do Brasil’s investment grades are: Fitch Ratings (BBB), Standard Poor’s (BBB-) and Moody’s (Baa3).
Banco do Brasil is a 200 years old bank. It is committed to the Green Protocol, the United Nations Pact, and the Pact to Combat Slave Labor and the Equator Principles.