BANCO INDUSVAL S.A. Company Registry (NIRE) nº 353000242-90
NOTICE TO MARKET
BANCO INDUSVAL S.A. (Bovespa: IDVL3 and IDVL4), a financial institution with head office at Rua Iguatemi, no. 151, 6th floor, in the City and State of São Paulo, inscribed in the corporate taxpayer register (CNPJ/MF) under no. 61.024.352/0001-71 ("Company" or "BI&P"), announces to its shareholders and the market that, on the date hereof, it entered into a Commercial Partnership Agreement ("Agreement") with Lojas Renner S.A. ("Renner") for the joint exploration of activities related to the issue, management, offer and marketing of credit cards under the banners "Visa" or "MasterCard" to Renner's client base through its brick-and-mortar stores, internet website and other online means or any other sales channel of Renner's products and services ("Partnership").
Under the partnership, BI&P will act as the issuer of the post-paid cards and Renner will remain responsible for the customer relationship, which includes offering, marketing, client service and loyalty club activities. The results of the partnership will be attributed to the bank, with the guarantee of a minimum return on capital invested, in a percentage predefined by the parties, calculated after excluding all such expenses as funding costs, taxes, expense with the allowance for loan losses and other direct and indirect expenses. Renner will be entitled to a commission for carrying out the activities envisaged in the agreement.
The scope of the Partnership is to create a structure that enables Renner to maintain the quality and agility of the services provided to its customers without incurring additional operating costs to comply with new regulatory demands and that enables BI&P to generate high-quality assets while drawing on the experience of its partner in the segment.
Through this partnership, which has duration of two years and may be renewed indefinitely, BI&P reaffirms its commitment to act as a partner bank and forge long-term relationships with its clients. Note that the partnership does not represent a change in the Company's strategy, which is to work together with companies in the Corporate segment by offering bank lending and investment banking services.
São Paulo, December 8, 2014
Investor Relations Officer
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