Banco Votorantim
Banco BV is the seventh largest bank in Brazil. It operates in the wholesale, retail, treasury, asset management and brokerage fields, and was founded in 1988. Its headquarters are located in São Paulo, Brazil.
| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1988 |
| Headquarters | São Paulo, Brazil |
Key people | João Roberto Gonçalves Teixeira, (CEO) |
| Products | Financial services |
| Revenue | US$6.0 billion (2013) |
Net income | – US$216.6 million (2013) |
| Total assets | US$44.6 billion (2013) |
Number of employees | 5,052 |
| Parent | Votorantim Group Banco do Brasil |
| Website | www.bancovotorantim.com.br |
The operations of Banco BV is driven by a set of institutions that operate in an integrated way: the Bank provides businesses products and services for the commercial sector and investment, the BV Financeira operates in the financing and consumer credit; Votorantim Asset Management (VAM) manages the resources of others, and Vototrantim CVTM makes securities and brokerage.
The bank its owned by Votorantim Group and the Banco do Brasil, the operation was completed on 28 September 2009. Banco do Brasil then hold 49.9% of common shares and 50.1% of the preferred, Banco BV continuing control of the Votorantim Group. Banco BV shut down its brokerage arm in 2024, and transferred its clients to Banco Bradesco's brokerage service Agora Securities, as part of a joint venture integration.