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| Additional information |
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| Banco ABC Brasil SA |
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Overview:
Banco ABC Brasil, controlled by Arab Banking Corporation (ABC), is a commercial bank specializing in lending and services for mid-size to large companies. The bank is authorized to operate Commercial, Investment, Financial, Real Estate, and FX portfolios and it also has a Cayman Islands branch.
Banco ABC Brasil's business focuses on mid-size to large companies. ABC Brasil's main activity is financial intermediation for transactions involving analysis and assumption of credit risks. This business is complemented by structured transactions, particularly in capital markets and M&A, for corporate finance purposes. The bank regularly arbitrages markets, rates and currencies arising from transactions demanded by customers and proprietary positions. It adopts a conservative stance with low risk propensity for its credit business and treasury.
Banco ABC Brasil has a broad portfolio of products, agile decision making, and profound expertise for credit analysis, which enables it to obtain consistent results with notably low loss ratios. It is one of the few Brazilian banks featuring international control and local autonomy. Over the last 25 years, the Bank has built up a solid customer base by offering high value-added financial products tailored to their specific needs.
The decision -making process within the bank is based on committees that meet regularly to examine credit, treasury, investments, and administrative issues.
Investment in technology, risk control, and operating systems is ongoing, as is process improvement. Business security is absolute priority for the Bank. |
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History:
Banco ABC Brasil SA is a commercial bank authorized by the Central Bank for asset, liability and accessory transactions related to the respective authorized portfolios (commercial, investment, credit, financing and investment and real-estate loans), including FX.
Banco ABC Brasil started business in 1989 through a joint venture of the Arab Banking Corporation and the Roberto Marinho Group; this gave rise to Banco ABC Roma SA, which acted in corporate credit and treasury. Since then, the bank has built a solid customer base in the Corporate segment by offering high-value added financial products tailored to clients' specific needs.
The current managament took over in 1991 and includes Brazilian executives with extensive financial industry experience.
In 1997, the Arab Banking Corporation acquired the Roberto Marinho Group's stake to become the controlling shareholder and the executives acquired a minority interest aligning their interests with those of the controlling shareholder. In the same year, the bank changed its name to Banco ABC Brasil SA, which remans unchanged to date.
As of 2005, Banco ABC Brasil SA also started to operate with midsized business.
In 2007, Banco ABC Brasil held its IPO and was listed on the Level 2 Corporate Governance segment of BM F& Bovespa. |
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