It is known that Banco Daycoval began its activities in 1968. From 1994 onwards it began to operate with a commercial portfolio and to place more emphasis on its current activities.
In 2007 the bank completed its IPO process and in 2016 held an auction to buy back shares. This year, the Dayan family becomes the controller of 100% of the bank's share capital.
For some time now, the Bank has adopted an ethical, responsible and transparent posture in business management and seeks to improve its corporate governance standard in accordance with the best market practices, with the aim of preserving the rights of shareholders through treatment equitable, clear and open.
How the bank has been acting in the market
In its very moderate performance in the financial market, the company seeks the continuous improvement of business practices and aligns its management, through the structuring of committees, with the principles of the Brazilian Institute of Corporate Governance (IBGC) and the regulations of its sector.
To make this possible, it has an efficient set of mechanisms, controls and monitoring, in order to ensure effective Corporate Governance and a transparent and collegial decision-making process.
In addition, the practice of good Corporate Governance also allows Banco Daycoval to better understand and respect its operating environment, increasing the level of trust in its external relations and with its employees.
Main focus in the market
Banco Daycoval is focused on the Corporate Loan segment, but also offers Payroll Loans, Vehicle Financing and Loans with Property Guarantee.
In the Companies segment, the objective is to provide working capital (33%) and purchase credit rights (22%).
However, in the Payroll segment, the focus is on INSS and the Government and their respective spheres. Daycoval currently has 45 branches across the country, having opened a new one in 3Q19.
Growth of Banco Daycoval shares
According to information from the Central Bank, Banco Daycoval's loan portfolio grew by 10.4% in 3Q19 compared to the previous quarter and 36.2% compared to the same period of 2018. This growth was driven by working capital operations, trade abroad and purchase of credit rights.
It is very important to highlight here that, despite having a portfolio with a relevant focus on companies, there is no concentration of clients, with the largest of them representing 2.6% of the portfolio and the 100 largest accounting for 18.9%.
Therefore, there is low risk related to exposure to customers.
Vehicle financing Banco Daycoval
How it works? Basically, financing at Banco Daycoval works through a credit operation for the acquisition of Light and Heavy Vehicles. The credit can be paid in installments as long as it meets the conditions below:
- 1) Model year from: Light 1996 and Heavy 1980
- 2) Customer must have driver's license (CNH)
- 3) Salaried, Liberal Professional and Self-Employed
- 4) Have no name restrictions
- 5) Financing of up to 80% Light and 70% Heavy (Fipe Table)
- 6) Term up to 48 months
- 7) Approval subject to Credit Analysis
- 8) Places of operation: SP / MG / SC / PR / ES / GO / MT / MS / RS and DF
Daycoval financing interest rates
Currently, if you want to finance Vehicles with BANCO DAYCOVAL SA, the interest rate is around 2.72% for loans released in 2020, according to data sent to the Central Bank of Brazil.
It is important to say that Buscacred.net does not make loans on behalf of BANCO DAYCOVAL SA, as many people think, as well as any other financial institution.
The site only informs its users which bank has the lowest interest rate on the market, whether in Vehicle Financing or another line of credit.
If you are looking for the lowest interest rate on Vehicle Financing, use our simulator above and compare BANCO DAYCOVAL SA with other banks.
Interest rates BANCO DAYCOVAL SA
| LINE OF CREDITS | DATE | RATE |
|---|---|---|
| PJ - Discount of trade bills - Pre | 13/03/2020 | 1.11% |
| PJ - Guaranteed account - Post floating interest | 13/03/2020 | 1.23% |
| PF - Credit card in installments - Pre | 13/03/2020 | 3.68% |
| PJ - Working capital with a term of up to 365 days - Post floating interest | 13/03/2020 | 1.19% |
| PF - Acquisition of other assets - Pre | 06/02/2017 | 7.0% |
| PF - Private payroll loan - Pre | 13/03/2020 | 1.97% |
| PF - Overdraft Check - Pre | 13/03/2020 | 6.54% |
| PJ - Special check - Pre | 13/03/2020 | 7.73% |
| Legal entity - Working capital with a term of more than 365 days - Pre | 13/03/2020 | 1.19% |
| consigned | 13/03/2020 | 1.75% |
| PF - Cashing of checks - Pre | 13/03/2020 | 5.23% |
| Vehicle Financing | 13/03/2020 | 2.72% |
| Personal credit | 13/03/2020 | 8.62% |
| PJ - Guaranteed account - Pre | 13/03/2020 | 5.38% |
To do an online simulation with the bank, Click here
Other Banco Daycoval products
The current Bank also on digital platforms, for example, on Daycoval Digital you have different product options, as well as investments, such as LCI and LCA, LF, CDB and Investment Funds, which offer ease of investment, security and consistent results.
What are these products? In addition to personal loans, credit card lines, the bank also works with investments in Fixed Income and Investment Funds in Fixed Income and Multimarkets aimed at the most demanding investor profiles, from those who opt for conservative products, to those who opt for bolder options.
To learn more about these products, Click here.
How can I contact Banco Daycoval?
It's very simple, the bank has a team specialized in customer service. For get in touch with the SAC of Daycoval Bank you must call the number 0800 775 0500.
How to work at Banco Daycoval?
The Bank is an excellent place for anyone to work.
Founded 50 years ago, Banco Daycoval specializes in credit for companies, from small to large national companies. This DNA has always earned the company recognition and awards, such as the Best Middle Market Bank (the segment classified as small and medium-sized companies) in Brazil for two years in a row, according to its results measured by Austin Rating and by the newspaper O Estado de S.Paulo .
To work at the bank, it is necessary to have some specific training, technical or even a degree in administration or IT. To apply your resume, Click here.
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