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  Home - About Banco Daycoval - History  
History
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Banco Daycoval’s activities began in 1968 through the creation of the Daycoval Distribuidora de Títulos e Valores Mobiliários (DTVM) stock brokerage and, in 1970, the Valco Corretora de Valores brokerage house was founded. In 1995, the institution expanded into foreign exchange, a product supplemental to traditional credit operations. In 1997, Daycoval inaugurated its first branch outside of the São Paulo, in the city of Campinas (SP).

During the liquidity crisis of 2004 when the sector as a whole experienced negative growth, Banco Daycoval expanded its activities by creating Daycoval Asset Management and also began payroll loans operations for individuals through the Daycred brand. As part of its expansion strategy, in 2005 a new Banco Daycoval headquarters site was inaugurated in the “heart of the financial district” of the country: Avenida Paulista.

The trading of the bank's stock under the DAYC4 ticker symbol began June 29, 2007, a milestone in the history of Banco Daycoval’s activities in the Brazilian financial system. A total of 55,082,712 preferred shares were sold in the first public primary Offer at a price of R$ 17.00 per share, as a result of which Daycoval obtained R$ 936.4 million in new funding.

On January 21, 2008, as published in the Official Federal Gazette (Diário Oficial da União), the Central Bank of Brazil granted authorization for Daycoval to establish an overseas office located in Grand Cayman, Cayman Island and, on May 28, 2008, capital was fully paid in to begin the activities of Banco Daycoval S.A. – Cayman Branch.

In June 2008, the Brazilian National Economic and Social Development Bank (BNDES) approved Daycoval as an On-Lending Financial Agent. This new product was part of the institution's diversification strategy and also generated cross-selling opportunities in the Daycoval loan for companies segment.

In 2012, we began direct debit transactions in current accounts, and we also received the Prize as the Largest Bank by Net Income — Middle Market Category awarded by Brasil Econômico newspaper.

In 2016, Daycoval held an auction for repurchase its own shares that were in the market (Tender Offer) and changed from Category A to B. The bank no longer trades its shares in the stock market.

In 2017 the Bank informed the addition of a new Board member and two new managing officers.

Daycoval has 44 branches distributed in 21 Brazilian states plus the Federal District. In 1Q19, Daycoval’scredit portfolio totaled R$ 18.4 billion, with total assets of R$ 28.4 billion and net income of R$ 215.6 million.



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