GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (XMAD:XBBDC) » Definitions » Accounts Payable & Accrued Expense for Financial Companies

Bank Bradesco (XMAD:XBBDC) Accounts Payable & Accrued Expense for Financial Companies


View and export this data going back to 2001. Start your Free Trial

What is Bank Bradesco Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.


Bank Bradesco Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (XMAD:XBBDC) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
Address
Cidade de Deus S/N, Silver Building, 4th floor, Vila Yara, Osasco, SP, BRA, 06029?900
Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.