Bradesco is one of the few banking institutions that is associated with organic growth in Brazil. The use of this strategy to enhance the growth of the company is attributed to the experienced leaders who have previously been elected to company’s top position. The latest addition to the list of leaders who have had the privilege to oversee the company’s operations is Luiz Carlos Trabuco.
After Trabuco’s appointment to the top management level, the organization has achieved double-digit growth and better performance in the financial market unlike before. Optimists believe that the better performance of the company in recent times is as a result of the better relations that Luiz Carlos Trabuco has managed to establish between his office and other departmental managers.
Bradesco has experienced an increase in the value of assets right from $33 billion to $78 billion. The increase occurred within a period of five years, and that was from 2003 to 2008. Within the initial year of his management, the equity level of the company increased by approximately 8%, and since then, the investment rate has never gone below 28%.
Immediately after Luiz Carlos Trabuco took over from Márcio Cypriano as president, he was faced with a massive challenge as he had to prove his worth to the voters and other elects. Márcio Cypriano, on the other hand, had taken over the management of Bradesco from Lazaro Brandão who had led the company to establish itself as one of the most respectable banks in Brazil.
In the course of his tenure, Márcio Cypriano is attributed with driving the business into the most extensive expansion cycle unlike ever before. For the period lasting between 2002 and 2005, Bradesco acquired other various banking institutions such as Ceará banks, Banco Cidade, and Maranhão. Bradesco has adopted a unique operational culture, and different personalities who are attributed with the upward trajectory of the company that has lasted for more than 40 years include Milton Vargas and Jose Acar Pedro who served as vice presidents.
Organic growth is associated with banking inclusion, and it was adopted by Luiz Carlos Trabuco to complement the long expansion cycle that had been undertaken by the former president, Márcio Cypriano. Through banking inclusion, the organization has managed to gain more than 7 million account holders since 2009. During the high season, the number of individuals who signed up for new accounts went to as high as 6000 people daily.
Over the same period, more saving accounts were opened, and they rose from about 37 million to 55 million. Trabuco believes in the power of networking, and as a result, he guided the company to increase the number of its agencies from 3600 to 5100 over a period of 5 years. Luiz Carlo Trabuco is keen to follow different trends in the Brazilian financial market.
Based on his observation, he believes that more clients will end up joining the consumer market by 2020. He sees this as a potential area for the growth of his enterprise as taking advantage of the opportunity will enable the company to sign up more than 20 million clients. Luiz Carlos Trabuco’s aptness and ability to understand the market trend has been facilitated by the fact that he has been dealing in the banking industry for quite a long time.
Additionally, he has been working at Bradesco Seguro since he was 18 years old. Since he is very observant, Luiz Carlos Trabuco has managed to understand how different processes should be combined for the best results. He has also worked in various managerial positions, and this has made him aware of how all operational procedures are undertaken at the bank. The tangible results that are associated with his management are a product of understanding how the banking industry operates.
Learn more about Luiz Carlos Trabuco: http://www.camar.sp.gov.br/images/imagesnoticias/851/principal.html