Banco Bradesco S.A. (NYSE-Listed BBD), a leading bank in Brazil, visits the NYSE to highlight the company’s listing of its new ADRs representing ordinary shares. In honor of the occasion, Vice-Chairman Antonio Bornia rings The Opening BellSM.|
Click here to watch video of the ringing.
Bradesco is launching ADRs backed by common shares in an effort to expand the alternatives of access for investors abroad. The program will be implemented in the U.S. market beginning March 13th with the following characteristics -- Sponsor: Banco Bradesco S.A.; Program Level: II; Depositary Institution: The Bank of New York Mellon; Custodian Institution: Banco Bradesco S.A.; Ratio of Shares and ADRs: 1 Common Share per 1 ADR and ticker: BBDO. The launch will not represent capital stock increase or issuance of new shares /not change the control structure. (Source: Banco Bradesco)
About Banco Bradesco (NYSE: BBD)
Banco Bradesco S.A. provides a range of banking and financial products and services to individuals; large, small, and mid-sized companies; and local and international corporations and institutions. It operates in two segments: Banking; and Insurance, Pension Plans, and Certificated Savings Plans. The Banking segment comprises deposit taking activities, including checking accounts, investment deposit accounts, savings accounts, time deposits, and interbank deposits; credit operations, such as individuals and companies, real estate financing, microcredit, onlending of BNDES resources, rural credit, and leasing; credit cards, debit cards, and pre paid cards; management of receipts and payments; asset management; services related to capital markets and investment banking activities; intermediation and trading services; custody, depositary, and controllership services; international banking services; and consortiums. The Insurance, Pension Plans, and Certificated Savings Plans segment offers various products and services, including life, personal accident, and random events insurance; health and dental care insurance; automobile insurance; property and casualty insurance; individual and corporate pension plans; certified savings plans; and pension investment contracts. Banco Bradesco S.A. operates a network of 3,676 branches, 45,103 ATMs, and 4,559 special banking service stations and outlets in Brazil. It also operates three branches and eight subsidiaries in New York, London, the Cayman Islands, Japan, Hong Kong, Argentina, Mexico, and Luxembourg. The company, formerly known as Banco Brasileiro de Descontos S.A., was founded in 1943 and is headquartered in Osasco, Brazil. (Source: Yahoo Finance)