Company Profile
- Bradesco Bank (“Bradesco”) (“the bank”) is a privately held subsidiary of publicly traded, Brazilian based, Banco Bradesco S.A. (NYSE: BBD). Operating out of its Coral Gables, FL headquarters, Bradesco primarily serves high net worth non-resident aliens through real estate lending and private banking and wealth management services. The bank also provides corporate and institutional banking (“C&IB”) to international corporations and depository institutions largely located in Central and South America.
- The loan portfolio remains heavily concentrated in 1-4 family loans (62% of total loans at 4Q24) though in recent years the bank’s C&IB portfolio has outpaced the growth in the other lending segments, expanding to 26% of total loans at 4Q24. To further diversify the loan portfolio, Bradesco remains focused on expanding CRE lending although this segment remained a modest contributor representing less than 10% of total loans at YE24.
- BBD,…