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Banco Industrial e Comercial S.A. (BICBANCO)

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Banco Industrial e Comercial S.A. (BICBANCO)

Mission statement:

To develop financial activities which, at the same time and in an integrated manner, maximize shareholder return, ensure BICBANCO’s consistent and sound growth while valuing the community of which it is a part.

Overview:

One of the oldest private sector banks in Brazil (founded in 1938);

It is controlled by the Bezerra de Menezes Financial Group since its foundation;

Acting for a long time as a regional financial institution, became a nation-wide bank during the 80s; opening of the Cayman Islands Branch in 2002;

Focus on credit operations to the Middle Market segment - companies with yearly revenues between R$50 million and R$ 500 million;

Corporate Governance program based on best practices.

Ranking by loans in the Brazilian banking system:

        6th largest private capital national bank;
        10th largest private bank (national and foreign banks);
        15th largest bank (national and foreign both private and public sectors).

Vision:

As a corollary to fulfilling its mission, BICBANCO’s ambition is for its staff to be recognized by the clients and the market as the best team of professionals in financial products and services intended for the Middle Market.

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