Latest news with #Bradesco
Yahoo
21-07-2025
- Business
- Yahoo
Shares of Brazil's Fleury jump on reports of talks with Rede D'Or
SAO PAULO (Reuters) -Shares of Brazilian medical diagnostics company Fleury jumped on Monday after reports of a potential acquisition by hospital chain Rede D'Or, which analysts said could generate synergies. Fleury's shares rose more than 15% in trading in Sao Paulo, making it the biggest gainer on benchmark stock index Bovespa, which was up 0.6%. Rede D'Or, meanwhile, gained 1.2%. Multiple local media outlets said on Sunday that Rede D'Or was in talks with Fleury on a deal that could combine Brazil's largest integrated healthcare network with a leading medical lab chain. Brazil Journal reported, citing sources, that Rede D'Or was working on an offer that could include both a cash payment and share swap. Fleury counts lender Bradesco as one of its main shareholders. Rede D'Or said on Monday it continuously evaluates opportunities to expand, including potential acquisitions or business combinations, but that no decision or proposal had been made for a potential deal with Fleury. In a separate statement, Fleury said it regularly analyzes market conditions but also noted that no decision had been reached on a potential transaction with Rede D'Or. Goldman Sachs analysts said Fleury could benefit under Rede D'Or's management from better procurement terms, especially on materials, in which there would be some overlap, and a leaner general and administrative structure. Fleury has a market capitalization of 6.91 billion reais ($1.24 billion), while Rede D'Or's market cap stands at 75.29 billion reais, according to LSEG data. Rede D'Or in 2022 acquired insurer SulAmerica in a deal worth 13 billion reais, part of a trend for consolidation in Brazil's healthcare sector that saw the hospital chain as one of the most active companies in recent years. Analysts at Santander said a deal between Fleury and Rede D'Or would make sense from a strategic point of view. "Main synergies could be related to higher scale, and therefore more bargaining power to buy materials at Fleury and G&A savings," they said. ($1 = 5.5704 reais) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
21-07-2025
- Business
- Reuters
Shares of Brazil's Fleury jump on reports of talks with Rede D'Or
SAO PAULO, July 21 (Reuters) - Shares of Brazilian medical diagnostics company Fleury ( opens new tab jumped on Monday after reports of a potential acquisition by hospital chain Rede D'Or ( opens new tab, which analysts said could generate synergies. Fleury's shares rose more than 15% in trading in Sao Paulo, making it the biggest gainer on benchmark stock index Bovespa (.BVSP), opens new tab, which was up 0.6%. Rede D'Or, meanwhile, gained 1.2%. Multiple local media outlets said on Sunday that Rede D'Or was in talks with Fleury on a deal that could combine Brazil's largest integrated healthcare network with a leading medical lab chain. Brazil Journal reported, citing sources, that Rede D'Or was working on an offer that could include both a cash payment and share swap. Fleury counts lender Bradesco ( opens new tab as one of its main shareholders. Rede D'Or said on Monday it continuously evaluates opportunities to expand, including potential acquisitions or business combinations, but that no decision or proposal had been made for a potential deal with Fleury. In a separate statement, Fleury said it regularly analyzes market conditions but also noted that no decision had been reached on a potential transaction with Rede D'Or. Goldman Sachs analysts said Fleury could benefit under Rede D'Or's management from better procurement terms, especially on materials, in which there would be some overlap, and a leaner general and administrative structure. Fleury has a market capitalization of 6.91 billion reais ($1.24 billion), while Rede D'Or's market cap stands at 75.29 billion reais, according to LSEG data. Rede D'Or in 2022 acquired insurer SulAmerica in a deal worth 13 billion reais, part of a trend for consolidation in Brazil's healthcare sector that saw the hospital chain as one of the most active companies in recent years. Analysts at Santander said a deal between Fleury and Rede D'Or would make sense from a strategic point of view. "Main synergies could be related to higher scale, and therefore more bargaining power to buy materials at Fleury and G&A savings," they said. ($1 = 5.5704 reais)
Globe and Mail
08-07-2025
- Business
- Globe and Mail
FICO Platform Powers R$1B Digital Transformation in Brazil's Rural Credit System
FICO (NYSE: FICO) Highlights: Bradesco built E-agro on FICO® Platform to digitize and accelerate rural lending Over R$1 billion (USD$197M) in digital credit granted in the platform's first year Contract lead times reduced by 70%, with over 2,000 complex transactions automated E-agro has won the ESG Champion category in the 2025 FICO® Decision Awards Bradesco, one of Latin America's largest banks, is using FICO® Platform to revolutionize how rural credit is delivered in Brazil. Through the E-agro digital platform, built and run on FICO's advanced decisioning capabilities, the bank has automated complex processes, improved credit access for over 500,000 farmers, and delivered over R$1 billion in funding within the first year. Brazilian agribusiness plays a key role in the global food supply, with some estimates suggesting it helps feed around 10% of the world's population. Bradesco's investment in E-agro is not only a leap forward in financial technology but also a catalyst for economic and environmental resilience across rural Brazil. 'Farmers play a very important role in Brazil's economy, and technology is key to supporting their growth,' said Nadege Saad head of agribusiness at E-agro. 'With FICO, we've built a digital offering that makes credit more accessible, approvals faster, and sustainable practices more viable. This is more than a financial innovation, it's also a social and environmental one. By linking better credit access to sustainable practices, we're not only protecting natural resources — we're improving livelihoods and strengthening rural communities.' Digitizing Credit. Empowering Farmers. Enabling Sustainability. Bradesco launched the E-agro marketplace in 2023 to simplify access to rural credit, products, and services. Built on FICO Platform, the solution automates credit evaluation, document verification, and disbursement — removing friction from the lending process and eliminating the need for in-person visits. Small and medium-sized farmers can now apply, qualify, and receive credit entirely online, at the exact moment they need it. Since launch, the platform has: Granted over R$1B (USD$197M) in credit with over R$500M in marketplace transactions Reduced contract lead times by 70% Completed 2,000+ complex credit transactions using FICO-powered decisioning Delivered Brazil's first fully digital, government-subsidized rural credit solution A Digital Platform Built for the Field Traditionally, rural producers needed to visit branches, notaries, and multiple institutions to access credit, a time-consuming process incompatible with modern farming. With E-agro and FICO Platform, Bradesco has digitized the entire journey. Farmers can now check credit eligibility in real-time, receive tailored offers based on behavioral and agronomic data, submit socio-environmental documentation online, and digitally sign contracts, all from their mobile device or desktop. Once approved, funds are disbursed immediately into the client's account, eliminating the need for any physical visits. By integrating FICO Platform into the credit lifecycle, Bradesco reduced steps from dozens to just eight, making the process not only faster but fairer and more inclusive. Driving ESG Impact Across Brazil Beyond the E-agro offering, Bradesco's ESG commitment extends to playing a supporting role in the ILPF (Integrated Crop-Livestock-Forestry) Network, a regenerative agriculture model that enhances biodiversity, improves soil quality, and reduces greenhouse gas emissions. Through partnerships like the Sustainable Agriculture Finance Facility (SAFF), Bradesco provides lower-cost credit for farmers adopting ILPF practices. 'Bradesco is bringing new thinking and technology to banking in agribusiness,' said Nikhil Behl, president, software at FICO. 'By using advanced decisioning to empower farmers and protect the environment, they're creating lasting economic and ecological value.' For its achievements, Bradesco's E-agro has won the ESG Champion category in the 2025 FICO® Decision Awards. 'Bradesco's E-agro platform stood out to the judging panel as a powerful example of how digital innovation and environmental responsibility can go hand in hand,' said Allan Tan, group editor-in-chief at Cxociety and FICO Decision Awards judge. 'It's rare to see such a clear fusion of ESG commitment with operational transformation.' To see the full list of 2025 FICO Decision Awards winners, check out: About Bradesco Bradesco is one of Brazil's largest and most respected financial institutions, serving over 71 million customers. The bank is at the forefront of digital banking, utilizing cutting-edge technology to enhance customer experience and financial security. Bradesco is committed to financial inclusion, innovation, and sustainable development, ensuring seamless and secure banking for individuals and businesses across Brazil. About the FICO® Decision Awards The FICO Decisions Awards recognize organisations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2025 judges are: Regan Goble, risk analytics senior manager at Westpac NZ (Previous Winner) Megha Kumar, research vice president at IDC Joe McKendrick, analyst and senior contributor at Forbes Luiz Pacete, technology and marketing industry influencer Ali Paterson, founder and editor-in-chief at Fintech Finance Mike Roberts, head of unsecured retail risk at HSBC UK bank (Previous Winner) Erin Stillwell, EVP, payment partnerships at Blankfactor Allan Tan, group editor-in-chief at Cxociety About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
Reuters
10-06-2025
- Business
- Reuters
Brazil bank chiefs balk at tax hike proposal, urge spending review
SAO PAULO, June 10 (Reuters) - The chief executives of some of Brazil's largest banks on Tuesday expressed concerns over government plans to raise taxes to meet the federal fiscal target, advocating instead for a review of public spending. The proposed fiscal measures, which President Luiz Inacio Lula da Silva has yet to formally receive, include higher taxes on online betting, private credit instruments and financial institutions, while trimming a tax hike on the IOF financial transaction tax. The government raised the IOF tax last month by decree, sparking backlash from Congress and the market. Roberto Sallouti, CEO of investment bank BTG Pactual , said at an event hosted by banking federation Febraban in Sao Paulo that focusing on spending efficiency would be preferable to tax increases, which he argued would harm economic growth. "Isn't it time to seek greater efficiency in Brazil's public budget spending?" Sallouti said, warning that increasing taxes would increase the cost of doing business in the nation. Lula's administration has so far avoided putting spending cuts on the agenda and defended allocations toward sweeping benefits programs. Marcelo Noronha, CEO of lender Bradesco , told the same panel that fiscal balance should be achieved through expenditure cuts, not revenue increases, and called for dialogue with policymakers. Santander Brasil CEO Mario Leao acknowledged the difficulty of such decisions but stressed their necessity. "No one wakes up wanting to pay more in taxes, no one wakes up wanting to manage spending proactively, but these are agendas that Brazil has to face," Leao said.
Reuters
19-05-2025
- Business
- Reuters
Brazil reforestation firm re.green gets fresh financing in deal with BNDES, Bradesco
SAO PAULO, May 19 (Reuters) - Brazilian reforestation startup has obtained 80 million reais ($14.13 million) in financing from state development bank BNDES, it said on Monday, in a deal that also involved lender Bradesco as a financial intermediary. The deal is similar to a 160 million real deal announced by Mombak last month, which marked the first reforestation project backed by Brazil's 10 billion real "New Climate Fund" unveiled in 2023 to finance climate-related projects. The deal comes as Brazil's nascent carbon market quickly gains ground and attracts interest from private investors and lenders such as Bradesco and Santander ( opens new tab, which acted as an intermediary for Mombak. Some restoration startups have complained of difficulty getting loans to reduce capital costs and finance operations, as many investors still see it as risky. "We have a mantra that is de-risking, which is how we will, over time, reduce uncertainty and bring more confidence to our market," Chief Executive Thiago Picolo said in an interview. "In our case, we now have the first disbursement from BNDES, also involving Bradesco for the first time. So it is a series of steps that reduce uncertainty, increase confidence, and facilitate fundraising." buys degraded land from farmers and ranchers or partners with them to replant native species in the Amazon rainforest and in Brazil's coastal Atlantic rainforest. By turning degraded land into forests, the company is working to generate "carbon credits" that companies can buy to offset their greenhouse gas emissions. The startup has a deal with Microsoft (MSFT.O), opens new tab to restore forests and is backed by Brazilian billionaire Joao Moreira Salles and asset managers such as Dynamo and Gavea, founded by former Brazilian central bank governor Arminio Fraga. The BNDES financing "shows that we have a powerful tool to enable investments in the recovery of degraded areas in the country," said the state development bank's head, Aloizio Mercadante. "It confirms the great power of this fund made available by President Luiz Inacio Lula da Silva for BNDES to decisively fight the effects of climate change in our country," he added. The bank's program is part of Brazil's 2015 commitment to restoring 12 million hectares (29.7 million acres) of its native forests by 2030, which Lula reaffirmed last year. ($1 = 5.6632 reais)
