December 21, 2014 3:58 AM ET

Diversified Financial Services

Company Overview of Banco Votorantim S.A.

Company Overview

Banco Votorantim S.A. is engaged in the wholesale banking, consumer finance, and wealth management businesses. Its wholesale banking services comprise corporate services for large companies; investment banking services; brokerage services; middle market services to mid-sized companies; asset management services; and private banking services. The company’s consumer finance services include auto financing, credit cards, insurance brokerage, and payroll loan services. In addition, it is involved in leasing, administration of investment funds, and treasury activities. The company has a strategic partnership with Banco do Brasil. The company was founded in 1988 and is headquartered in São Paulo, ...

Avenida das Nações Unidas, 14.171

Torre A

18º andar

São Paulo, SP 04794-000

Brazil

Founded in 1988

Phone:

55 11 5171 1000

Fax:

55 11 5171 1900

Key Executives for Banco Votorantim S.A.

Chief Executive Officer
Age: 49
Vice President
Age: 57
Director and Coordinator of Audit Committee
Age: 43
Compensation as of Fiscal Year 2014.

Banco Votorantim S.A. Key Developments

Banco Votorantim Reports Earnings Results for the Third Quarter and Nine Months Ended September 2014

Banco Votorantim reported earnings results for the third quarter and nine months ended September 2014. For the period, the company reported net income that reached a total of BRL 135 million, completing 1 year of positive results. For nine months, the company reported fee income reached BRL 18.3 billion, growing 6.7% compared to the same period in 2013.

Banco Votorantim S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2014

Banco Votorantim S.A. reported consolidated earnings results for the third quarter and nine months of 2014. For the quarter, the company reported net interest income of BRL 1,165 million compared with BRL 1,154 million for the same period last year. Operating income was BRL 187 million compared with operating loss of BRL 235 million for the same period last year. Net loss was BRL 135 million compared with net loss of BRL 159 million for the same period last year. Negative return on average equity was 8.7% compared with 19.1% for the same period last year. Return on average assets was 0.6% compared with negative return on average assets of 1.6% for the same period last year. Return on average equity was 7.3% compared with negative return on average equity of 8.7% for the same period last year. Income from services and banking fees was BRL 249 million compared with BRL 257 million for the same period last year. Income before taxation and profit sharing was BRL 135 million compared to loss of BRL 249 million a year ago. For the nine months, the company reported net interest income of BRL 3,504 million compared with BRL 3,389 million for the same period last year. Operating income was BRL 429 million compared with operating loss of BRL 1,046 million for the same period last year. Net income was BRL 428 million compared with net loss of BRL 633 million for the same period last year. Return on average assets was 0.6% compared with negative return on average assets of 0.8% for the same period last year. Return on average equity was 7.7% compared with negative return on average equity of 11.1% for the same period last year. Income from services and banking fees was BRL 699 million compared with BRL 748 million for the same period last year. Income before taxation and profit sharing was BRL 543 million compared to loss of BRL 1,075 million a year ago.

Banco Votorantim Reports Financial Results for the Second Quarter of 2014

Banco Votorantim reported financial results for the second quarter of 2014. The company reported net income of BRL 140 million ($61.6 million) in the second quarter compared with BRL 152 million in the first quarter and a loss of BRL 196 million in second quarter 2013. Net interest income was grew 4.8% quarter-on-quarter to BRL 1.20 billion, even with a 1.4% reduction in the total loan portfolio.

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