Banco BV (Votorantim)

Key details

• Parent: assets specialising in auto lending

Overview

Banco BV (Votorantim) is Brazilian commercial bank + Votorantim SA Brazilian Ermírio de Moraes family conglomerate ~50%+ + Banco do Brasil B3: BBAS3 ~50%+ joint controlling + one of Brazil's largest commercial banks by assets specialising in auto lending + founded Aug 31 1988 in São Paulo Brazil as Banco Votorantim then 2020 Banco BV rebrand [1, br-cro].

History

Aug 31 1988 — Banco Votorantim founded in São Paulo Brazil by Votorantim SA Brazilian Ermírio de Moraes family conglomerate as Brazilian commercial bank.

2009 — Banco do Brasil acquires ~50%+ joint controlling stake in Banco Votorantim.

2020 — Banco BV rebrand consolidating Banco Votorantim.

2014 — Banco BV Mobile banking app launch.

Ownership & operator

Operating entity: Banco BV SA previously Banco Votorantim (Brazilian commercial bank).

Major shareholders: Votorantim SA (Brazilian Ermírio de Moraes family conglomerate; Votorantim parent of Votorantim Cimentos + Nexa Resources) ~50%+ + Banco do Brasil (B3: BBAS3; Brazilian state-owned commercial bank) ~50%+ joint controlling.

Regulators: Banco Central do Brasil BCB.

Technical integration

Banco BV Mobile app (iOS + Android) + bv.com.br online + Banco BV branch network across Brazil (auto lending specialty) + BV Visa + Mastercard + Elo cards; PIX (Brazilian national instant payments) + Elo Brazilian national card scheme + Brazilian Real BRL domestic transfers.

Implementations & partners

Major Brazilian banking + payments competitors: [[banco-itau]] (Itaú Unibanco; B3: ITUB4 NYSE: ITUB) + [[bradesco-brasil]] (Banco Bradesco; B3: BBDC4 NYSE: BBD) + [[banco-do-brasil]] (Banco do Brasil; B3: BBAS3; joint controlling shareholder) + [[nubank]] (Nubank; NYSE: NU) + [[banco-inter]] (Banco Inter; B3: INBR32) + [[banco-pan]] (Banco PAN; B3: BPAN4) + [[bmg-brasil]] (Banco BMG; B3: BMGB4) + pix (PIX Brazilian national instant payments).

Regulators: Banco Central do Brasil BCB.

Status

Active, Brazilian commercial bank + Votorantim SA Brazilian Ermírio de Moraes family conglomerate ~50%+ + Banco do Brasil B3:BBAS3 ~50%+ joint controlling + one of Brazil's largest commercial banks by assets specialising in auto lending + founded Aug 31 1988 in São Paulo Brazil as Banco Votorantim then 2020 Banco BV rebrand [1, 2].

Sources

• 1 Banco BV — official
• 2 Banco BV — Wikipedia
• br-cro In-corpus: reports/countries/BR-brazil.md

Source

Biography extracted from banco-bv.md. See matrix.md for standards-support matrix if present.