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History

BOCOM BBM is the result of an association between two banks with a long history and a solid tradition. On one hand, Bank of Communications, one of the oldest financial institutions in China. On the other, Banco BBM, the oldest private financial group in Brazil.

Bank of Communications was founded in 1908
with the aim of boosting Chinese industry.
It is one of the largest commercial banks in China
and the world.

1908 1858

Established in 1858 in the city of Salvador with the name Banco da Bahia, it focused on the extension of credit to agricultural producers.

1859

It becomes one of the only Brazilian banks authorized to issue currency.

1909

The bank becomes a currency issuer
and remains so for 33 years.

1942

Clemente Mariani leads Banco da Bahia to become one of Brazil’s pre-eminent commercial banks.

1973

The bank makes the strategic decision to focus on the wholesale segment.

1987

BoCom becomes the first large Chinese bank to be headquartered in Shanghai.

1998

It becomes a multiple bank and changes its name to Banco BBM S.A..

2005

BoCom is listed on the Hong Kong Stock Exchange, becoming the first large commercial bank to be listed abroad.

2007

BoCom becomes the first bank to be listed on both the Hong Kong and Shanghai Stock Exchanges.

2015

Bank of Communications (BoCom) and shareholders belonging to
Banco BBM's controlling group sign a Share Purchase Agreement of 80% of the Bank's equity.

2016

The aquisition process of 80% of Banco BBM's equity
by Bank of Communications is concluded, giving rise to Banco BOCOM BBM S.A.

2018

The bank starts using the name Banco BOCOM BBM S.A.