Banco do Brasil

Banco do Brasil is the oldest and largest bank in Brazil, with a history dating back to 1808 when it was founded by John VI, King of Portugal. In fact, it is among the oldest banks in continuous operation in the world, as well as the second-largest bank in Latin America, and the seventieth-largest bank in the world. The bank is controlled by the Brazilian government as it is a state-owned bank of Brazil.

Banco do Brasil offers a wide range of financial products and services, including personal and corporate banking, investment banking, asset management, insurance, and other financial services. As of 2021, the bank had over 4,000 branches and more than 40,000 ATMs across Brazil, making it one of the most widely accessible banks in the country. In addition, The bank is committed to promoting financial inclusion and has launched several initiatives aimed at providing access to financial services for underserved populations. For example, it has a program called "BB Mais Vida," which provides financial education and access to credit for women entrepreneurs.

In recent years, Banco do Brasil has faced some challenges due to changing market conditions and increased competition from private sector banks. The Brazilian government has also been considering privatizing the bank, although this is a controversial topic and has yet to be decided. Nonetheless, Banco do Brasil remains an important player in the Brazilian financial system and plays a critical role in supporting economic growth and development in the country.

Founded: 1808
Headquarters: Brasilia, Federal District, Brazil
Website: https://www.bancobrasil.com.br