Portuguese
Institutional Site
 
     
About Banco Daycoval
Results 1Q12
Conference Calls and
Transcripts
Calendar of Events
Evaluate the Site
  Home - About Banco Daycoval - History  
History
  [-] Text [+]  

Banco Daycoval’s success is the result of market know-how and dedication, but also of inherited business talent. The experience of the controlling shareholders in the financial area began in 1952 with the foundation of Salim A. Dayan Bank in Beirut, Lebanon. It is no accident that corporate lending, trade bill discounting and trade finance were the Bank’s core business until the founders of Daycoval moved to Brazil.

Building a Bank
    Activities began in 1968 with the founding of Daycoval Distribuidora de Títulos e Valores Mobiliários (DTVM), a broker-dealer. Valco Corretora de Valores, also a broker-dealer, was set up in 1970.

    The Bank’s vocation for success was clear from the outset, as on several occasions its brokerage alone accounted for a significant proportion of total trading volume on the São Paulo Stock Exchange.

    In 1989, after almost two decades as a leading player in the capital market, it was one of the first to convert its brokerage into a full-service bank, opening its first branch at the same time. The institution then adopted a strategy of focusing on middle market lending, which has consistently accounted for the biggest share of its operations.

    The performance achieved at delicate moments for the economy, particularly for financial markets, consolidated Banco Daycoval’s tradition of growing even at times of crisis, supported by pillars such as consistently low leverage in all operations.

    Thanks to steady expanding results over several consecutive years and a healthy financial structure, Daycoval was assured of Brazilian Central Bank authorization to offer commercial loans in 1994. It opened its first street-level branch in the city of São Paulo that same year.
In step with the growth of Brazil
    In 1995 Daycoval began foreign-exchange trading a year later as a complement to its traditional credit offering. The first branch outside the city of São Paulo opened in 1997 in the city of Campinas, São Paulo State.

    Daycoval continued expanding even during the 2004 liquidity crisis, when the financial services industry as a whole experienced a period of contraction. It created Daycoval Asset Management and began offering payroll loans to government workers and private-sector employees under the Daycred brand name.

    As part of its growth strategy, Banco Daycoval unveiled a new building to house its head offices in 2005, located on Avenida Paulista, the nation’s finance and business hub. The Bank’s first public offering of securities took place the same year: this successful foreign issue raised US$65 million. Two new branches were opened in 2005, at Recife (Pernambuco State) and Porto Alegre (Rio Grande do Sul State).

    The following year saw two more branches open their doors, at Manaus (Amazonas State) and Londrina (Paraná State), and the inception of retail operations in the auto loan segment. Also in 2006, Daycoval held a second foreign issue, which raised US$120 million, and launched Daycoval FIDC, a receivables investment fund.
Distinctive Position
    The year 2007 was a watershed. In addition to opening ten new branches in various cities across Brazil, Daycoval went public and was listed at Corporate Governance Level 1 on the São Paulo Stock Exchange (Bovespa). The IPO raised approximately R$1 billion, strengthening the Bank’s capital structure still further in preparation for more growth, fresh achievements, and the delivery of even more value to customers, shareholders, employees and the nation.

    This occurrence also was very important, allowing Banco Daycoval to weather 2008 and the world crisis in a distinctive manner, because its conservative actions made it possible for the bank to overcome challenges and adapt in order to consolidate itself as one of the main institutions in Brazil’s financial system.



Last Update: 30 July, 2009
 
   
 
  Home   Work with us Legal Notices Information Security Privacy policy Ombudsman Site map