Banco do Nordeste do Brasil S.A.
114.07
BRL
-6.92
(-5.72%)
ISIN
BRBNBRACNOR8
Return %
Stock
S&P 500
1Y
16.30
14.20
3Y
23.29
81.12
5Y
60.66
68.34
Capital Structure
BRL
•
in mil. unless spec.Working Capital
BRL
•
in mil. unless spec.Growth Rates
BRL
•
in mil. unless spec.Quarterly Revenue
BRL
•
in mil. unless spec.Quarterly Earnings Per Share
BRL
•
in mil. unless spec.Quarterly Dividends Per Share
BRL
•
in mil. unless spec.Company Description
- CEO
- Romildo Carneiro Rolim
- Full Time Employees
- 6,914
- Sector
- Finance
- Industry
- Major banks
- Address
- Avenida Dr. Silas Munguba, no 5700 Fortaleza CE Brazil 60743-902
- IPO Date
- Oct 20, 1992
- Website
- bnb.gov.br
- Similar Companies
- Business
- Banco do Nordeste do Brasil S.A. is a regional development bank headquartered in Fortaleza, Brazil, founded in 1952. It operates primarily in Brazil's Northeast and North regions, focusing on promoting economic and social development. Its core products and services include loans and financing solutions for industrial, commercial, and rural sectors; microfinance through its CrediAmigo program targeting microentrepreneurs; traditional banking services such as savings accounts, cash and term deposits, and custody of securities; credit operations and portfolio management through its Own Portfolio and Constitutional Fund for Financing of the Northeast (FNE) segments; and specialized insurance products including life, car, and real estate insurance. The bank also manages the National Program for Family Farming Strengthening (PRONAF) and promotes regional tourism development through the Prodetur/NE program. In recent strategic developments, Banco do Nordeste expanded its financing capabilities through a $67 million partnership with the Inter-American Development Bank (IDB) and the Climate Investment Funds’ Renewable Energy Integration Program (CIF-REI). This initiative aims to increase funding for renewable energy projects in Brazil’s Northeast by supporting modernization and digitalization efforts in the energy sector, including technologies such as batteries, green hydrogen, smart grids, and automation. The bank also reported record financial performance in 2024, with net profit reaching R$ 2.3 billion and operational results up 24.1%, driven by growth in credit portfolio and microcredit lending. Furthermore, Banco do Nordeste has reinforced its commitment to sustainable development by engaging in initiatives to improve climate resilience and expand clean energy financing within its regional mandate. The bank serves a broad client base, including corporate entities, small and medium enterprises, rural producers, and government institutions across nearly 2,000 municipalities in Brazil. Its operations emphasize selective and agile development policies to enhance well-being and competitiveness in the economically strategic Northeast region. As Brazil’s largest regional development bank, Banco do Nordeste combines traditional banking with a strong developmental mandate, leveraging government capital and partnerships to foster inclusive growth and sustainable economic progress in its geographic focus areas. Banco do Nordeste’s recent major changes solidify its role as a catalyst for sustainable investment, expanding its credit lines for innovative and green energy technologies, and increasing operational efficiency and financial returns, setting new records in lending volume and profitability in 2024. Its initiatives align closely with Brazil’s national goals for sustainable energy, digital transformation, and regional economic enhancement. These comprehensive offerings and strategic moves reflect Banco do Nordeste do Brasil S.A.’s position as a leading development bank dedicated to economic growth and social inclusion in the Northeast and North regions of Brazil, with an expanding focus on renewable energy and sustainability finance.