Founded in 1943, Bradesco is one of the largest financial groups in Brasil. In Europe the group is represented by Banco Bradesco Europa, a commercial bank specializing in private banking and asset management, trade finance and corporate banking.
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 the Cayman Islands: in the case of Banco Bradesco S.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco Bradesco S.A. failure its depositors will not be paid out any compensation.