Banco do Brasil AG

Banco do Brasil AG is the European banking subsidiary of Banco do Brasil S.A., incorporated in Austria as a stock corporation and supervised by the Austrian Financial Market Authority, operating under an EU banking license with passporting to serve selected EU markets. Its business model centers on corporate and institutional clients, with a focus on trade finance between Europe and Brazil (documentary collections, letters of credit, guarantees), correspondent banking, foreign exchange in major currencies, cash management, and cross-border payments and remittances to Brazil; retail availability is limited and differs by location. Services are delivered under Austrian and EU regulatory frameworks, including KYC/AML onboarding, FATCA/CRS reporting where applicable, and adherence to EU sanctions. Payment connectivity includes SEPA and SWIFT for international transfers, and accounts opened in Austria use AT-format IBANs. As an Austrian credit institution, eligible deposits are covered by the statutory deposit guarantee scheme up to EUR 100,000 per depositor per bank, and the institution falls under EU bank recovery and resolution rules. Pricing, limits, and documentation requirements vary by client type and jurisdiction, and the bank primarily targets companies and financial institutions engaged in Brazil–Europe trade rather than mass-market retail banking.