- Business
- Banco do Brasil S.A. (BBAS11.SA) operates as a multiple-service commercial bank providing a comprehensive range of financial products and services to retail, corporate, agribusiness, and government clients throughout Brazil and internationally. Core offerings include retail banking such as checking and savings accounts, credit and debit cards, personal and payroll loans, mortgages, and consumer financing; commercial and wholesale banking encompassing working capital loans, trade finance, foreign exchange transactions, and project financing; agribusiness financing through programs like the annual Crop Plan with allocations up to R$230 billion for 2025/2026; investment banking, asset management, brokerage, and wealth management services; insurance, pension plans, capitalization bonds, and consortium administration; as well as digital banking solutions including mobile apps, online payments, bill processing (Boleto), ATM services, and financial education tools like the BB Piggy Bank launched in May 2025. The bank maintains an extensive domestic network covering over 5,000 municipalities with thousands of branches, ATMs, and service outlets, complemented by international operations in more than 20 countries including the United States (Miami, New York, Washington D.C.), Europe (London, Paris, Madrid), Asia (Hong Kong, Singapore, Tokyo), and Latin America (Buenos Aires, Santiago, Montevideo).
Founded in 1808 and headquartered in Brasília, Brazil, Banco do Brasil is the oldest bank in continuous operation in the country and ranks as the second-largest banking institution in Brazil and Latin America by assets, with majority ownership by the Brazilian government. It serves diverse customer segments including individuals, small and medium enterprises, large corporations, public sector entities, and exporters, with a strong emphasis on financial inclusion, sustainable financing (R$396.5 billion sustainable loan portfolio as of June 2025), and agribusiness leadership.
Recent strategic developments include expanded investments in artificial intelligence, deploying 700 AI models across operations to enhance efficiency as of mid-2025; a US$50 million sustainability-linked trade loan with Citi in 2024 tied to targets like sustainable agribusiness growth and diversity leadership; a $200 million trade loan facility from BBVA in June 2025 to support renewable energy and SME exports; a $700 million trade finance guarantee program launched with MIGA, BBVA, and HSBC in June 2025 targeting clean energy and MSME exports; disbursement of R$85 billion in agribusiness financing for the 2025/26 crop season by December 2025; and launches such as the Worker Credit program (over R$7 billion disbursed since March 2025) and BB Piggy Bank for financial reserves. These initiatives reflect a focus on digital transformation, international trade support, sustainability-linked funding, and portfolio growth, with the expanded loan portfolio reaching R$1.3 trillion in June 2025.