BANCO INDUSVAL S.A. Company Registry (NIRE) nº 353000242-90
NOTICE TO MARKETBANCO INDUSVAL S.A. (tickers on Bovespa: IDVL3 and IDVL4), financial institution headquartered at Rua Iguatemi, 151, 6th floor, in the city and state of São Paulo, registered in the corporate taxpayer register (CNPJ/MF) under no.
61.024.352/0001-71 ("Company" or "Banco BI&P"), in response to the Brazilian
Mercantile, Futures and Stock Exchange (BM&FBOVESPA) letter SAE/GAE
2770-14 attached hereto, which refers to reports in the media on the occasion of the public meeting with the market held on August 22, 2014, the Company provides the following clarifications.
Note that BI&P's expanded credit portfolio grew 1.4% in 1H14, due to: (i) the conservative approach to lending throughout 1H14, (ii) the slowdown in economic activity on account of the World Cup, and (iii) the delay in the plantation of soy and corn crops, which are our specialization areas in the agricultural sector, as mentioned in the 2Q14 Earnings Release. In the last 12 months, the expanded credit portfolio grew 21.4%. In this regard, considering: (i) the expectations of growth in corporate credit in Brazil, which slowed down in the last 12 months and continues at a moderate pace; and (ii) the strategic restructuring at BI&P over the past three years during which we expanded our product portfolio and restructured the sales and back office teams, we believe there is potential for 10% growth of the expanded credit portfolio in 2H14.
With regard to the search for strategic alliances, we clarify that, given the history of alliances of the current controlling shareholders, the Company is constantly evaluating opportunities and in case of any significant development, BI&P will adopt complete transparency in communicating with its shareholders and the market.
The presentation made at the meeting held on August 22, 2014, is available on the websites of the CVM and the Company.
São Paulo, August 22, 2014.
GILBERTO BARSHAD FAIWICHOWInvestor Relations Officer
1
SAE/GAE 2770-14
August 22, 2014
Investor Relations Department
Mr. Gilberto Barshad Faiwichow
Dear Sirs,
We request, on or before August 25, 2014, clarifications on the reports published by Agência Estado - Broadcast, on August 22, 2014, entitled "BI&P Indusval espera crescer carteira de crédito em 10% no 2º semestre" (BI&P Indusval expects credit portfolio to grow 10% in the 2nd half of the year") and "BI&P Indusval continua a buscar parceiro estratégico para o Banco" (BI&P Indusval continues to look for a strategic partner for the Bank), as well as other information considered important.
This request is part of the Cooperation Agreement signed by CVM and BM&FBOVESPA on 12/13/2011, and non-compliance with it may subject the company to a penalty levied by the Office of the Superintendent of Company Relations (SEP) of CVM, pursuant to CVM Instruction 452/07.
Nelson Barroso Ortega
Office of the Company Oversight Superintendent
BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange
c.c. Securities and Exchange Commission of Brazil (CVM)
Mr. Fernando Soares Vieira - Superintendent of Company Relations
Mr. Waldir de Jesus Nobre - Superintendent of Market and Intermediary Relations
22/08/2014 10:07:43 - AE-EMPRESAS E SETORES
BI&P INDUSVAL EXPECTS CREDIT PORTFOLIO TO GROW 10% IN THE 2ND HALF OF THE YEAR
São Paulo, 08/22/2014 - BI&P Indusval expects a 10% growth in the credit portfolio in the second half of this year, according to co-CEO Jair Ribeiro.
The credit portfolio grew 21.4% in the first half to reach R$ 3.920 billion. "Though companies have excess liquidity at this moment, we believe it is possible to grow because our market share is still small," he said during a meeting with analysts and investors, held in partnership with Apimec-SP.
Mr. Ribeiro said that the performance of the portfolio compared to March this year was disappointing. "We were expecting growth of between 3% and 4%", he said. In March, the expanded credit portfolio stood at R$ 3.926 billion. (Cynthia Decloedt - cynthia.decloedt@estadao.com)
22/08/2014 11:29:01 - AE-EMPRESAS E SETORES
São Paulo, 08/22/2014 - BI&P Indusval continues to look for a strategic partner for the bank, the chairman of the board of directors, Manoel Felix Cintra Neto, said at a meeting with analysts and investors, held in partnership with Apimec-SP.
"We are continuing our search for strategic partners and believe this is a measure required for us to really grow," he said while pointing out that the bank was highly successful in restructuring its operations and alliances in recent years.
2
With regard to alliances, the co-CEO of BI&P, Jair Ribeiro, said that Guide Investimentos too should sign up more brokerages for using its distribution platform. "By the end of the year, we will have other alliances," he said.
Mr. Ribeiro said that Guide will have assets under management of R$ 2 billion after the migration of all the clients of Omar Camargo, Geraldo Corrêa and BullMark, with whom agreements have been signed since November last year. "We expect to reach R$ 2.5 billion this year and, who knows, we could double this in
2015," he added. Mr. Ribeiro explained that these agreements do not result in portfolio acquisitions, but in the payment to the brokerage partner of a percentage of the profit earned on transactions executed in the Guide platform.
Highlighting the importance of Guide to BI&P's operations, Mr. Ribeiro said that this is an investment in the maturation stage and should effectively start generating profits when assets under management exceed R$ 5 billion. (Cynthia Decloedt - cynthia.decloedt@estadao.com)
3
|
distributed by
|
