Banco do Nordeste do Brasil SA

Detailed Description

Banco do Nordeste do Brasil S.A. operates as a regional development bank in Brazil. It offers demand, savings, and time deposits; and short-term loans to urban microcredit, direct consumer credit, working capital loans, credit cards, secured accounts, exchange and discount loans, and long term loans. The company also provides portfolio management, credit analysis, securities custody, foreign exchange transactions, electronic transfers, collection, and Internet banking services; and third-party asset management services, such as management of investment funds for small, medium-sized, and large investors. In addition, it is involved in the market operations and fund management activities; and structuring and distribution of local short- and long-term securities comprising debentures, promissory notes, certificates of real estate receivables, credit rights investment funds, and other products. The company serves individuals; corporate, large, medium, micro, and small-sized companies; agribusiness, small and mini rural producers, and farmers; urban and rural microfinance sectors; and government agencies. As of December 31, 2020, it operated through 978 physical points of service, including 292 branches, 471 urban microcredit units, and 215 rural microcredit units. Banco do Nordeste do Brasil S.A. was founded in 1952 and is headquartered in Fortaleza, Brazil.