About Banco do Brasil
Banco do Brasil S.A., together with its subsidiaries, provides banking products and services. The company's business activities include all active, passive and ancillary banking operations; banking and financial services, including foreign exchange transactions and other services, such as insurance, pension plans, capitalization bonds, securities brokerage, credit/debit card management, consortium management, investment funds and managed portfolios; and all other types of transactions available to banks within Brazil's National Financial System. The company finances the production and commercialization of agricultural products; fosters rural investments, such as storage, processing, industrialization of agricultural products and the modernization of machinery and implements; and finances improvements in rural properties to comply with the environmental law. Accordingly, the company supports the Brazilian agribusiness in all stages of the production chain. The company offers to micro and small companies: working capital, financings for investments, and foreign trade solutions, in addition to several other products related to cash flows, social security, pension plans, and services. The company provides financing alternatives and business models that promote the transition to an inclusive economy to many companies, including Individual Microentrepreneurs (Microempreendedores Individuais - MEI). In its financing of foreign trade, the Bank puts into effect government policy instruments to stimulate productive development, entrepreneurship, social and financial inclusion, including the Income Generation Program (Programa de Geração e Renda - Proger) and the Export Financing Program (Programa de Financiamento às Exportações - Proex). As an agent for execution of the Brazilian Federal Government's credit and financial policies, Brazilian Law requires the bank to perform the following functions under the supervision of the National Monetary Council (CMN): act as financial agent for the National Treasury; provide banking services on behalf of the Federal Government and other governmental agencies; provide clearing services for checks and other documents; buy and sell foreign currencies as determined by the CMN for the company's own account and for the account of the Brazilian Central Bank (Bacen); provide receipt and payment services for Bacen, in addition to other services; finance the purchase and development of small and medium-sized farms; and disseminate and provide credit. Segments The company operates through Banking, Investments, Fund Management, Insurance, Electronic Payments, and Other segments. Banking This segment is responsible for the most significant portion of the bank's results, primarily from the operations in Brazil. It includes a wide array of products and services, including deposits, loans and other services provided to customers through different distribution channels. This segment activities include transactions in the retail, wholesale, and public sectors, which are carried out by its network and customer service teams. It also engages in business with micro-entrepreneurs and other activities through its banking correspondents. Investments This segment engages in the structuring and distribution of debt and equity instruments in Brazil's primary and secondary capital markets, in addition to providing other financial services. Non-interest income is derived from economic/financial advisory services from underwriting fixed and variable income securities and the provision of services to associated companies. Fund Management This segment is involved in the purchase, sale and custody of securities, portfolio management and the structuring, organization and management of investment funds and clubs. Income consists mainly of commissions and management fees charged to investors for services provided. Insurance This segment offers products and services related to life, property and automobile insurance, private pension and capitalization plans. Income in this segment consists mostly of commissions and fees, insurance premium revenue, contributions to private pension plans and capitalization bonds, and investments in securities. Electronic Payments This segment provides capture, transmission, processing, and financial settlement services for electronic payment transactions (credit and debit cards). Other The bank also engages in other activities, including its consortium business and operational support services (aggregated in 'Other'). This segment consists of the operational support services and consortium business, neither of which is individually significant. Revenue is generated mainly from the provision of services not provided by the other segments, including credit recovery; consortium management; development, manufacturing, sale, rental and integration of digital electronic systems, peripherals, programs, inputs and computing supplies. History Banco do Brasil S.A. was founded in 1808. The company was incorporated in 1808.
