[4] Banco do Brasil is controlled by the Brazilian government and is listed at the B3 stock exchange in São Paulo.

Such tasks were gradually given to other governmental institutions, mainly with the creation of the Central Bank of Brazil in 1964 and the separation from the National Treasury in 1987.

After decades of losses due to being used to finance some of the Brazilian Federal Government public policies, the bank became very profitable across the years.

The institution also is used to finance public programs such as the DRS – Sustainable Regional Development initiatives.

In November 2013, The Banker ranked Banco de Brasil as the top bank in Brazil based on Tier 1 capital.

Banco do Brasil has been expanding its international presence and currently has more than 44 points of service abroad, divided into branches, sub-branches, business units / offices and subsidiaries.

Traditionally the CEO is appointed by the Brazilian president but usually picked from a list of career directors.

Being publicly-owned, Banco do Brasil must recruit employees through a public selection process, called the concurso público, who must work strictly according to business norms.

For instance, the Miami Branch and the North America Regional Office (BBUSA) hire locally.