Founded in 1943, Bradesco is one of the largest financial groups in Brasil. Banco Bradesco S.A. (Cayman Islands Branch) was established in 1982 and operates as a subsidiary of Banco Bradesco S.A. Banco Bradesco S.A company also takes deposits in foreign currency from corporate and individual clients not resident in the Cayman Islands and extends credit to Brazilian and non-Brazilian clients, principally in relation to trade finance with Brazil.
Banco Bradesco S.A. has Category B banking license number 82004 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Bradesco S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in place for Banco Bradesco S.A.. It means that in the event of Banco Bradesco S.A. failure its depositors will not receive any compensation or coverage.
Banco Bradesco S.A. is authorized and supervised by the Cayman Islands Monetary Authority.