Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Banco do Brasil S.A.    BBAS3   BRBBASACNOR3

BANCO DO BRASIL S.A.

(BBAS3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

HSBC's Andre Brandao picked to head Banco do Brasil - source

share with twitter share with LinkedIn share with facebook
08/01/2020 | 10:44pm EDT

Brazil has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of state-controlled lender Banco do Brasil SA, a government source said on Saturday.

Investment banker Brandao, who has around 20 years experience with HSBC, Citi and others, will replace Rubem Novaes, who tendered his resignation last month and will leave later in August.

Local media, including newspapers Valor Economico and O Globo, had reported earlier on Saturday that Economy Minister Paulo Guedes has given the green light to Brandao's nomination, but it will not be officially announced for a few days.

Neither Banco do Brasil or the Economy Ministry responded to requests from Reuters for comment.

Speaking on condition of anonymity, the source said Brandao has accepted the offer.

"He has a Roberto Campos Neto profile. He is young and is ready to streamline, modernize and digitalize the bank," the source said, referring to the president of the central bank who also came from the investment banking world.

"In addition, he is an experienced, competent, technical, discreet and non-political banker," the source said.

The government has been seeking as a replacement executives with backgrounds both in finance and technology to handle fiercer competition among banks and fintechs.

By Rodrigo Viga Gaier

Stocks mentioned in the article
ChangeLast1st jan.
BANCO DO BRASIL S.A. 0.94% 34.43 End-of-day quote.-34.82%
EURO / BRAZILIAN REAL (EUR/BRL) 0.05% 6.4376 Delayed Quote.42.15%
HSBC HOLDINGS PLC 4.41% 345.6 Delayed Quote.-44.08%
share with twitter share with LinkedIn share with facebook
Latest news on BANCO DO BRASIL S.A.
08/06BANCO DO BRASIL S A : Correction to Banco do Brasil Earnings Article
DJ
08/06BANCO DO BRASIL S A : 2Q Profit Falls as Provisions for Bad Loans Rise
DJ
08/01HSBC's Andre Brandao picked to head Banco do Brasil - source
RE
08/01HSBC's Andre Brandao picked to head Banco do Brasil - source
RE
07/27Brazil antitrust watchdog questions Facebook's WhatsApp payment fees
RE
07/27Brazil judge approves Odebrecht's bankruptcy restructuring plan
RE
07/25BANCO DO BRASIL S A : CEO to step down in August
RE
07/24BANCO DO BRASIL S A : CEO to step down in August
RE
06/15Facebook's WhatsApp brings digital payment to users in Brazil
RE
05/07Travel Sites Take a Hit from the Pandemic -- Earnings at a Glance
DJ
More news
Financials
Sales 2020 57 293 M 10 452 M 10 452 M
Net income 2020 14 218 M 2 594 M 2 594 M
Net Debt 2020 - - -
P/E ratio 2020 6,95x
Yield 2020 4,03%
Capitalization 98 200 M 18 173 M 17 915 M
Capi. / Sales 2020 1,71x
Capi. / Sales 2021 1,66x
Nbr of Employees 92 474
Free-Float 49,5%
Chart BANCO DO BRASIL S.A.
Duration : Period :
Banco do Brasil S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO DO BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 46,47 BRL
Last Close Price 34,43 BRL
Spread / Highest target 77,2%
Spread / Average Target 35,0%
Spread / Lowest Target 10,4%
EPS Revisions
Managers
NameTitle
Ruben de Freitas Novaes Chief Executive Officer & Director
Hélio Lima Magalhães Chairman
João Leocir Dal Rosso Frescura General Manager-Operations
Carlos Hamilton Vasconcelos Araujo Chief Financial Officer
Mauricio Nogueira Finance Director
Sector and Competitors