Bradesco announced this Friday (27) Bradsaúde, a new conglomerate that unifies all of the bank’s operations in the segment, with revenue of R$52 billion and more than 13 million beneficiaries, considering 2025 results.
In an exclusive interview with CNN MoneyMarcelo Noronha, CEO of Bradesco, and Luiz Trabuco, president of the board of directors, detailed the operation and highlighted that , offering the market a new option in the financial market.
“Bradesco is the controlling shareholder and we continue to consolidate this group”, highlighted Noronha.
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According to Bradesco, the objective is to simplify the corporate structure and expand the offer of health and dentistry services. This move must still be approved by the companies’ board of shareholders. Bradesco’s should be done in March and Odontoprev’s only in April.
“Bradesco is the controller of a coin with two sides, on one side the financial arm and on the other Bradsaúde. Through this union of efforts, we “, stated Trabuco.
“So, for the Bradesco shareholder, the operation is sensational and for the minority shareholder of Odontoprev, it is as well”, he highlighted. “It unlocks the value of Bradesco, it shows that we have a lot of wealth”, added Noronha.
To the CNN Moneythe executives also highlighted the bank’s momentum, pointing out that its potential for upside with highly competitive growth on several fronts to offer shareholders.
“The pool of assets was at historical values and when you evaluate, reevaluate and do the valuation of the business, it has added value for Bradesco, which is the majority shareholder, but it also has value for the minority shareholder, which is why it unlocks value for the market”, stated Noronha.
According to the group’s presentation on the operation, the combined organization has shown more than 50% growth in average annual profit since 2022 and will operate in an addressable market of R$435 billion.
Bradesco will have a 91.35% stake in the new structure, with Odontoprev’s minority shareholders holding the remaining 8.65%.
Fiscal policy and elections
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“The tax issue is crucial for the market, but it is not the main topic that the candidates explore. It is super important for the Brazilian market and for the population as well, but, in general, this is not discussed”, highlighted Noronha.
“Fiscal policy is crucial for us to move forward. We need to have a structural balance. It’s not from this government, it’s not from the past, but we have a structural aspect, which we have brought historically, which is the issue of public debt. If we manage to balance public debt, we can have a Brazil growing much more”, continued the CEO.
Optimism with the global scenario
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Speaking to CNN Money, the chairman of Bradesco’s board of directors said that the world works in cycles and shows optimism about the global scenario, despite turbulence.
“There are moments of systole and moments of diastole, there are moments of openings and moments of closing. This is the way of the world, so, regardless of systole or diastole, we have to look forward”, said the executive.
“Multilateral organizations may have reduced their importance, but the world remains globalized and artificial intelligence, digitalization, direct and indirect means of communication, bring people closer together.”
Interest and moderate appetite
The launch of Bradsaúde occurs at a time of double-digit interest rates, with signals from the BC (Central Bank) in .
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The current 15% interest rate is more of a problem for companies than for individuals, Noronha highlighted, pointing out that .
“The current nominal interest cost in Brazil puts more pressure on some companies, so we have been looking at this and taking the necessary precautions”, he highlighted.
“The issue of the rate is not a problem for individuals, but it is for companies, the carrying cost is not trivial. The nominal cost of interest today squeezes some companies a little more”, he stated.
