Banco Sofisa S.A.
Banco Sofisa was founded in 1961 as a Consumer-Credit Company. In 1989, it obtained the license to operate as a multiple-service bank and in 1990 began operations in credit to small and medium enterprises. In 1994, the bank expanded its retail operations through loans for new and used cars, which it successfully carried out till 2001, before selling them to Finaústria (currently Itaú BBA). In 2001
Banco Sofisa was founded in 1961 as a Consumer-Credit Company. In 1989, it obtained the license to operate as a multiple-service bank and in 1990 began operations in credit to small and medium enterprises. In 1994, the bank expanded its retail operations through loans for new and used cars, which it successfully carried out till 2001, before selling them to Finaústria (currently Itaú BBA). In 2001, Sofisa began expanding its middle-market operations to regions outside São Paulo state. In May 2007, it held its IPO, raising net funds of R$ 497.3 million, 100% of which were allocated to support the credit portfolio growth and to restructure its successful erstwhile car loan operation. With the objective of continually improving its corporate governance practices, in December 2008, Sofisa became one of the select group of publicly held companies listed on the Level 2 Special Corporate Governance Segment of the Bovespa, effectively expanding the rights of minority shareholders and increasing transparency.
Address: Alameda Santos, 1496 – 10º andar, Cerqueira César – São Paulo 01418-100, Brazil
Phone: +55 11 3176 5836
FAX: +55 11 3176 5880
