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Banco do Brasil to close 402 branches in 2017

Banco do Brasil will close 402 branches across the country in a restructuring that aims to reduce the number of employees by 18,000. The goal of the administration is to make the company more dynamic and offer more digital services. The Banco do Brasil was created in 1808 by Dom João de Bragança (who later became King Dom João VI of Portugal). Currently the bank is a company controlled by the Brazilian government, but also offers shares in the Stock Exchange. It is estimated that with the reduction of agencies and employees the bank will save more than $ 750 million per year. With this, the value of the shares of Banco do Brasil rose sharply in recent days. In the picture, one of the agencies will be closed in 2017. (Photo by Luiz Souza/NurPhoto)

Photo Details

Photo ID	#1569326
Date Taken	22 November 2016
Location	N/A
Photographer	Luiz Souza/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Luiz Souza/NurPhoto

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Banco do Brasil Bank of Brazil Brazil Bank BB economy finance employee Rio de Janeiro Brazil government bank 1808 agencies

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