Our History
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About banco BV
1988
Established in 1988 by the Ermírio de Moraes family, the Bank began operations as a securities brokerage firm under the name Baltar, which was later rebranded as Votorantim Distribuidora.
1991 a 1999
In 1991, the Bank was incorporated as a joint-stock company and, in August of the same year, obtained authorization from the Central Bank to operate as a multiple-service bank under the name Banco Votorantim S.A.
Over the years, its operations were expanded across various segments of the financial market, including leasing, asset management, and equity sales
2007 a 2009
During this period, Votorantim Corretora de Seguros was established and, following a partnership with Banco do Brasil—which acquired a 50% stake—BV Corretora de Seguros was formed
2014
With a focus on digital transformation, BV Lab was established as the institution’s innovation hub, fostering partnerships with fintechs and startups
2019
In 2019, the Bank launched a pilot of the NaPista automotive resale platform. In the same year, it carried out a brand repositioning, transitioning from Banco Votorantim to banco BV, with a focus on customer centricity and the creation of the Clients and Data Intelligence Division. It also launched BVx, an innovation unit aimed at connecting with startups through co-creation, in-house development, and strategic investments
2020
The Bank launched the BV Digital Account, a fully digital, fee-free solution serving as a relationship hub for clients. In the same year, it became a signatory to the UN Global Compact, reinforcing its commitment to sustainable and ethical practices. Additionally, it stood out as the first Brazilian private bank to issue a Green Bond, allocating proceeds to renewable energy projects such as solar installations and wind farms
2021
A year of key achievements: support for the Pacto pelo Esporte, reinforcing its commitment to sustainability; issuance of R$ 750 million in Green Financial Notes; the Digital Bank reaching 2 million clients; increased stake in Portal Solar, strengthening BV’s position as one of the leading players in solar panel financing in Brazil; and an investment in Trademaster, aimed at advancing its strategy in the SME segment
2022
BV reached 5 million clients and further strengthened its digital strategy through strategic partnerships. On the ESG front, it entered into agreements to finance electric vehicles and offset CO₂ emissions, and raised US$150 million from IFC to expand sustainable financing
2023
BV was included in the ranking of the 100 most valuable brands in Brazil for the first time, securing the 55th position. On the social front, the BV Esportes platform marked its fifth anniversary, supporting 10 institutes across 6 states and impacting more than 12,000 people.
The Bank also entered into a partnership to enable the acquisition of electric motorcycles and was recognized with the Customer Award 2023 by Google, as well as by the Prêmio Estadão Empresas Mais, achieving a top-five position in corporate governance.
2024
The Bank expanded its insurance, solar, and vehicle financing portfolios, making processes fully digital. It also launched Shopping BV and ESG Advisory services, and reported Net Income above its historical levels, reaching a record of R$ 542 million in 4Q24
2025
The Bank continued to lead the vehicle financing segment. It also expanded its reach through the Tag BV Veloe, sponsored the Stock Car series, and executed Blue and Green Repo transactions