Established in 1808, is the largest bank in Brasil. Banco do Brasil operates as a universal bank on its domestic market while providing selected operations internationally. International offices of Banco de Brasil generally serve large corporations and Brasilian residents.
Banco do Brasil S.A. has Category B banking license number 76002 issued by the Cayman Islands Monetary Authority. This type of license allows Banco do Brasil 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 do Brasil 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 do Brasil S.A. failure its depositors will not be paid out any compensation.
The following banks operating under Banco do Brasil brand name has been recently closed down: