Banco Votorantim’s By-laws are now available in our IR website

Fri, 30 Mar 2012 13:46:12 GMT

Please note that Banco Votorantim’s By-Laws are now available in our Investor Relations website (www.bancovotorantim.com.br/ir).

Banco Votorantim announces results for the 3rd Quarter of 2011

Sat, 19 Nov 2011 00:10:53 GMT

Please note that are already available on our Investor Relations website (www.bancovotorantim.com.br/ir) the Consolidated Financial Statements and the Earnings Release for the 3rd Quarter of 2011. See bellow the “Message from the CEO” for this quarter. Message from the CEO We are the third largest privately-held Brazilian bank and we have a robust shareholder base, comprised of a strategic partnership between Banco do Brasil (BB), the country's largest financial institution, and Votorantim Group - one of Latin America's largest private-sector conglomerates. We are well positioned to consolidate ourselves as one of Brazil's leading banks, occupying the space created by consolidation in the banking industry and by leveraging additional opportunities through our business portfolio while constantly expanding the partnership with BB. However, the Brazilian banking environment has been significantly altered by macro-prudential measures and the worsening international crisis, so the local financial industry is beginning to face significant challenges that are likely to sharpen in the coming months. In this respect, the following scenario is the most probable: Increased capital requirements; Economic slowdown, with lending rising more slowly; Higher levels of delinquency and provisioning; and Rising funding costs associated with an external environment of higher volatility and risk aversion. In this new regulatory and external volatility environment, in which the market is showing higher levels of delinquency rate of individuals, Banco Votorantim will see its earnings coming under pressure, as will other banks. After BV Financeira's rapid growth in the post-2008 crisis period, we have now prioritized the businesses more profitable and with lower capital requirements. In our Consumer Finance business, with support from our shareholders, we continue to evolve our operating model in order to deepen the partnership with BB. To this end, we are working on improving BV Financeira's operational model to include assignments without recourse or even possibly originating assets directly to BB. On the Wholesale side, we intensified our focus on delivering integrated financial solutions for credit, structured products and investment banking services, thus becoming more relevant for clients, in line with our strategic plan. Finally, we have moved forward and taken a number of corporate initiatives that are boosting our ability to deal with the more difficult scenario we envision for the market as a whole. Over the last few months, we have taken a more conservative position in consumer credit and treatment of provisions, and we have strengthened our actions in credit collection. Additionally, we have taken far-reaching measures for more effective cost management and will gradually increase our coverage ratio in Consumer Finance. Despite the challenges on the international and local scenarios, as well as adverse regulatory measures in the wake of a period of strong growth for us, we are fully confident that the adjustments we have made and the initiatives taken - although requiring a new growth-profitability equilibrium point - will consolidate and further strengthen Banco Votorantim's position, with support from our shareholders, employees and clients.

Banco Votorantim is upgraded to investment grade by S&P

Tue, 06 Dec 2011 22:27:32 GMT

Please note that Standard & Poor's Ratings Services, on December 06, 2011, raised Banco Votorantim to investment grade category, changing the ratings: Foreign Currency (Long Term/Short Term) to "BBB-/A-3‟ from "BB+/B‟, Local Currency (Long Term/Short Term) to "BBB-/A-3‟ from "BB+/B‟ and National Scale (Long Term) to "brAAA‟ from "brAA+‟.

According to the agency, the new ratings of Banco Votorantim reflect the:

Business position: “adequate”
Capital and earnings: “moderate”
Risk position: “adequate”
Funding: “average”
Liquidity: “adequate”

With this increase, Banco Votorantim becomes investment grade by three major rating agencies: Moody's, Fitch and Standard & Poor's.

Banco Votorantim Investor Relations - Last news

Banco Votorantim’s By-laws are now available in our IR website

Banco Votorantim announces results for the 3rd Quarter of 2011

Banco Votorantim is upgraded to investment grade by S&P