Banco Votorantim |
Banco Votorantim is the third largest privately-owned Brazilian bank. Its core businesses are wholesale corporate and investment banking, consumer finance, brokerage house and asset management. The bank is controlled by the holding company Votorantim Finance, owned by Votorantim Group and the Banco do Brasil (Banco do Brasil acquired 50% of the total capital of Banco Votorantim). Main subsidiaries are BV Financeira (consumer finance), Votorantim Asset Management and Votorantim Corretora (Brokerage house for BM&F and Bovespa). The Bank was established in 1988 and is headquartered in Sao Paulo, Brazil. Head office address Votorantim GroupThe Votorantim Group is one of the largest privately-held industrial conglomerate groups in Latin America. With businesses ranging from cement, mining and metallurgy (aluminum, zinc and nickel), steel, pulp and paper, concentrated orange juice, self-generation of electricity to financial services - Votorantim has over 60,000 employees and presence in 16 countries. In 2008, the Company reported net income of US$ 19.1 billion, EBITDA of US$ 4.2 billion, and Capex investments of US$ 4.2 billion. In February 2010, the Votorantim Group purchased 30.7% of Portuguese cement company Cimpor and 17.3% of French cement company Lafarge. Group's financial arm is Banco Votorantim.
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