Banco do Brasil S.A. is the major Brazilian and Latin American bank by assets. Recent news, Banco do Brasil SA has approved the payment of 723.9 million Brazilian reais ($436 million) in dividends
Banco do Brasil said the dividend will be distributed in the form of interest on its own capital. The bank said the total amount represents a payment of BRL0.25 per share. It will be paid on May 27 and will be based on shareholders' positions as of March 22.
Banco do Brasil was founded in 1808. The bank, headquartered in Brasília. Banco do Brasil is the oldest active bank in Brazil and one of the oldest financial institutions in the world.
Banco do Brasil is controlled by the Brazilian government but its stock is traded at the São Paulo Stock Exchange and its management follows standard international banking practices (Basel Accords).
Banco do Brazil offers Finance and Insurance products. Aldemir Bendine is the Chairman of Banco do Brazil. The bank has profit : R$11.7 billion, total assets: R$811.2 billion as of 2010. Banco do Brazil has 109,000 employees. Banco Votorantim and Banco Patagonia are the subsidiaries of Banco do Brazil.
If you are searching for more information about Banco deo Brazil, don't hesitate to visit www.bb.com.br.
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