Banco do Brasil

What Banco do Brasil does

Banco do Brasil is Brazil's largest state-controlled financial institution and one of the oldest banks in the world, founded in 1808 and headquartered in Brasília. As a publicly traded company (B3: BBAS3; NYSE: BDORY) with the Brazilian government as primary shareholder, the bank operates as a comprehensive financial services platform serving over 80 million customers across retail (Pessoa Física), agribusiness (Agronegócios), public sector (Setor Público), and SME segments through a hybrid physical-digital distribution model combining 5,000+ branches, ATMs, Correspondentes Mais BB, and Ponto BB hybrid locations with App BB, Internet Banking, and WhatsApp channels.

The bank's product portfolio spans core banking (Conta Corrente BB), credit cards (Ourocard, Elo network with 34 million cards), Pix instant payments (with voice activation, NFC, gift card, and cross-border Argentina variants), personal and payroll-deducted loans (Crédito do Trabalhador), government-subsidized credit (Move Brasil, Desenrola Brasil), insurance (BB Seguridade, BB Seguros), private pension (Brasilprev, R$500 billion AUM), venture capital (BB Ventures, R$500 million capital), and AI-powered digital services including ARI conversational AI (89% approval rate, 10 TB processed), Minhas Finanças personal financial management, Open Finance data sharing (~5 million customers, R$2 billion in credit portability), BB Expenses AI-driven corporate card management, and AI agent-initiated payments via Visa Intelligent Commerce. The bank integrates with Pix (Banco Central), Open Finance, WhatsApp, IBM watsonx.governance, UnionPay, FGTS, and operates in 11 countries including Argentina via Banco Patagonia.

Revenue derives from net interest income (lending operations across personal, mortgage, rural, and corporate credit), fee and commission income (account maintenance, cards, Pix, payment services), insurance and pension premiums and fund management (BB Seguridade, Brasilprev), and card payment processing (Ourocard interchange and merchant services). Q1 2026 revenue reached $5.47 billion (30.21% YoY growth) and Q4 2025 revenue hit R$40.27 billion, with the bank serving a credit portfolio of approximately $250 billion. Strategic priorities include AI-native commerce, sustainable finance ($8.5 billion external funding over two years), and international expansion of Pix payment infrastructure, offset by agricultural credit quality pressure (90-day delinquency at 5.17%, up from 3.16%) that prompted a defensive R$150 billion capital limit increase.

Name

Banco do Brasil

Legal name

Banco do Brasil S/A

Website

https://bb.com.br

Company type

Public

Founded year

1800

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Banco do Brasil is Brazil's largest state-controlled bank, serving 80+ million retail, agribusiness, public sector, and SME customers through 5,000+ branches and digital channels with a comprehensive suite of banking, insurance, pension, and Pix-based payment products.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Banking-as-a-Service (BaaS) Neobanks / Neobank Enablers (FSABAFAL)

Keywords

• Retail banking services
• Agribusiness financing
• Instant payment services
• Private pension plans
• Digital corporate banking

Headquarters

HQ city

Brasília

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from lending operations including personal loans, mortgage financing, rural credit, and corporate lending. The bank generates substantial revenue from interest rate spreads on credit portfolios.
2. Fee and Commission Income: Fees from account maintenance, card transactions, insurance products, investment management, and payment services including Pix transactions and card processing.
3. Insurance and Pension Products: Revenue from BB Seguridade (insurance subsidiary) and Brasilprev (pension company managing R$500 billion in assets) through premiums and fund management fees.
4. Corporate/Card Payment Processing: Transaction fees from Ourocard credit card network processing, interchange income, and merchant services.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Banco do Brasil is a publicly traded Brazilian bank providing retail, corporate, agribusiness, and public sector financial services. Its core offerings include digital current accounts (Conta Corrente BB), Ourocard credit cards, Pix instant payments in multiple modalities, personal and payroll loans, government-subsidized credit programs (Move Brasil, Desenrola Brasil), investment products, insurance through BB Seguros, and private pensions through Brasilprev. The bank reaches customers through over 5,000 branches, App BB, Internet Banking, WhatsApp, ATMs, and an international network including subsidiary Banco Patagonia in Argentina.

Product overview

Banco do Brasil operates as a comprehensive financial services platform offering banking, credit, investment, insurance, and pension products across retail (Pessoa Física), business (Pessoa Jurídica), agribusiness (Agronegócios), and public sector (Setor Público) segments. The core banking platform includes Conta Corrente BB digital accounts and Ourocard credit cards, supported by Pix instant payments with voice activation (Pix por voz), gift cards (Pix de Presente), and NFC contactless (Pix por Aproximação). Credit offerings span personal loans (Empréstimo Pessoal), payroll-deducted loans (Crédito do Trabalhador), government-subsidized Move Brasil vehicle financing, and Desenrola debt renegotiation programs. Digital services include Minhas Finanças AI-powered financial management, Open Finance data sharing, and BB Expenses AI expense management. Investment products are distributed through Investimentos BB platform including Brasilprev pension. The bank maintains subsidiaries in insurance (BB Seguros, BB Seguridade, Brasilseg), pension (Brasilprev with R$500B AUM), and venture capital (BB Ventures with R$500M capital). AI capabilities include conversational system ARI (89% approval, 10TB processed), AI agent-initiated payments via Visa, and watsonx.governance-powered model lifecycle management.

Differentiator

Problem solved

Functional benefit

Brands

• BB: Common abbreviation and brand name for Banco do Brasil used across products and services
• BB me resolve
• Ourocard
• Minhas Finanças
• Open Finance BB
• Pix BB
• BB Crédito Consignação
• BB Regulariza Agro

Products and services

• Conta Corrente BB Digital current account with 100% online opening, integrated with savings account, supporting transactions via App BB, Internet Banking, WhatsApp, ATM, and physical branches.
• Ourocard Credit card brand offering multiple card variants (Fácil, Internacional, Nacional, etc.) with rewards program (Livelo points), cashback options, and automatic annual fee discounts based on spending.
• Pix BB Brazil's instant payment system offered 24/7 including Pix por voz (voice-activated), Pix de presente (gift cards), Pix por aproximação (NFC contactless), and cross-border Pix in Argentina.
• Empréstimo Pessoal BB Personal loan with up to 180-day grace period for first payment, up to 96-month terms, cashback options, and digital-only contracting via App BB or Internet Banking.
• Crédito do Trabalhador (Consignado Privado) Payroll deduction loan for formal CLT workers integrated with Digital Work Permit (CTPS Digital). Features personalized rates, up to 96-month terms, and first payment due in up to 89 days.
• Move Brasil Táxi e Aplicativos Government subsidized credit for taxi drivers and app-based delivery workers. Annual interest rates of 11.5% for women and 12.5% for men, up to 72-month terms with 6-month grace period for vehicle financing and security equipment.
• Novo Desenrola Brasil Government debt renegotiation program for informal workers offering up to 90% discount on debts, 1.99% max monthly interest, up to 48-month terms, R$15,000 per person limit. Integrates with FGTS for balance-based debt reduction.
• Open Finance BB Open Finance platform enabling customers to share financial data from other institutions with Banco do Brasil to improve credit analysis, limits, and conditions. Supports credit portability via authorized data sharing with approximately 5 million shared-data customers and R$2 billion in credit portability facilitated.
• Investimentos BB Digital investment platform offering funds, CDBs, LCA, LCI, stocks, real estate funds, ETFs, BDRs, Treasury Direct, private credit, structured operations, gold, and pension (Brasilprev). Includes AI-powered investment recommendations.
• Brasilprev Private pension subsidiary of Banco do Brasil offering medium and long-term pension plans. Reached R$500 billion in assets under management (2026). Strategic partnership with BB for distribution and digital initiatives including WhatsApp plan contracting with Pix payment.
• BB Seguros Insurance subsidiary offering life, residential, vehicle, agricultural, and rural insurance products through BB distribution network.
• PASEP Salary bonus program for public servants managed by Banco do Brasil as exclusive paying agent. Handles worker registration, annual bonus payments, and historical quota management.
• BB Expenses AI-enabled corporate expense management platform for tracking corporate, prepaid, and government card transactions in real time. Uses AI to identify spending patterns, generate automatic policy violation alerts, and provide interactive dashboards for corporate expense management.
• BB Consórcios Consortium (consórcio) product line allowing customers to pool funds for planned acquisition of vehicles, property, and other assets.

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability12 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• VisacoreTechnology or Integration · 16 March 2026Completed Brazil's first AI agent-initiated payment using Visa Intelligent Commerce platform, executing transactions without real-time user intervention using tokenisation for secure card data handling
• Banco PatagoniacoreTechnology or Integration · 9 March 2026Partnership with Argentine subsidiary Banco Patagonia (majority-owned by Banco do Brasil) to enable Pix payment services for Brazilians in Argentina, marking first international expansion of Brazil's instant payment system with automatic currency conversion
• BNDEScoreStrategic or Co-development Partner · 13 January 2026Signed agreement with BNDES to manage control and movement system for compensation funds related to 2015 Fundão dam collapse, managing R$170 billion compensation agreement between Vale, BHP, and Brazilian authorities
• EY (Ernst & Young)coreImplementation/ SI/ Consulting PartnerImplementation of IBM watsonx.governance platform for comprehensive AI governance strategy, enabling real-time monitoring of fairness, drift, and performance across AI lifecycle
• IBMcoreTechnology or Integrationwatsonx.governance platform deployment for AI oversight, automated compliance documentation, and regulatory requirement fulfillment

Scale indicators18 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Itaú Unibanco: Brazil's largest private-sector commercial bank, directly competing with Banco do Brasil across retail, corporate, agribusiness, and digital channels including Pix and Open Finance. Comparable in scale, product breadth, and Brazilian-market focus.
• Bradesco: One of Brazil's 'big four' private banks, jointly holds the Elo payment-card brand with BB and competes directly across retail, SME, and agribusiness segments with similar digital-banking investments.
• Caixa Econômica Federal: Brazil's other major state-controlled bank, focused on housing, public-sector payroll, and retail banking; co-owner of Elo with BB and Bradesco, serving overlapping customer segments including lower-income retail and government workers.
• Santander Brasil: Major Brazilian commercial bank with full retail, corporate, and agribusiness offerings; competes with BB on Pix innovation, corporate lending, and digital experience within Brazilian market.
• Banco Patagonia: Wholly-owned Argentine subsidiary of BB providing full commercial banking services; competitor in the Argentine market and vehicle for BB's international Pix expansion.

Broad incumbents

• BTG Pactual: Brazilian investment bank and digital retail platform; overlaps with BB on corporate banking, investment products, and digital account offerings, though more weighted to capital markets and wealth.
• BNDES: Brazilian state development bank, partnering with BB (e.g., Samarco Fundão compensation management) and competing in long-term infrastructure/agribusiness credit with government-backed programs.
• Banco Safra: Brazilian private commercial bank with strong presence in corporate banking, capital markets, and agribusiness financing, overlapping with BB's wholesale and agricultural segments.

Emerging players

• Nubank: Largest Brazilian digital-only challenger bank competing aggressively with BB on retail current accounts, Pix, credit cards, and unbanked customer acquisition with no-fee, app-first experience.
• PicPay: Brazilian digital wallet and fintech ecosystem offering payments, credit, and investment products; competes with BB's Pix and digital account propositions particularly among retail and SME users.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bancodobrasil
• Facebookfacebook.com/bancodobrasil
• LinkedInlinkedin.com/company/bancodobrasil

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds6 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments21 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco do Brasil