Daycoval

{{Infobox company | name = Banco Daycoval S.A. | logo = Logo-Daycoval.png | type = Private | foundation = {{Start date and age|1968}} | founders = Sasson Dayan, Alberto Dayan | location = São Paulo, Brazil | products = Corporate credit, payroll loans, auto financing, foreign exchange, asset management, insurance | revenue = R$ 1.514 billion (2024, recurring net income)<ref>[https://economia.estadao.com.br/noticias/geral,daycoval-lucro-liquido-recorrente-tem-alta-de-259-em-2024,70004850243 Estadão, Feb 13, 2025]</ref> | net_income = R$ 434.6 million (Q1 2026, recurring)<ref name="ri_indicators"/> | assets = R$ 81.7 billion (March 2025)<ref name="ri_indicators"/> | num_employees = 4,000+ | homepage = [https://www.daycoval.com.br www.daycoval.com.br] }}

'''Banco Daycoval S.A.''' is a Brazilian financial institution founded in 1968 and headquartered in São Paulo. The bank specializes in corporate lending and also operates in the retail segment with payroll loans, vehicle financing, foreign exchange, and investment management. Known for its conservative management profile, Daycoval has a national presence with 53 branches and over 250 service points across 21 states and the Federal District, as well as an international branch in Grand Cayman, Cayman Islands.<ref name="ri_indicators">[https://www.daycoval.com.br/institucional/sobre-nos/principais-indicadores Banco Daycoval – Key Indicators Q1 2025]</ref>

== History == * '''1952''' – Establishment of Casa Bancária Salim A. Dayan in Lebanon, focused on commercial operations.<ref>[https://www.istoedinheiro.com.br Family history – IstoÉ Dinheiro, May 12, 2018]</ref> * '''1968''' – Creation of Daycoval DTVM in São Paulo. * '''1989''' – Licensed as a multiple bank under the current name. * '''2004''' – Launch of the Daycred brand for payroll loans and creation of Daycoval Asset Management. * '''2007''' – IPO on B3’s Level 1 Corporate Governance segment, raising approximately R$ 1 billion. * '''2008''' – Opening of the first international branch in Grand Cayman. * '''2015''' – Acquisition of CIT Brazil, strengthening leasing operations. * '''2024''' – Acquisition of BMG Seguros and launch of Daycoval Brokerage and the Global Account.<ref>[https://www.infomoney.com.br/mercados/daycoval-bmg-seguros Acquisition of BMG Seguros – InfoMoney, Oct 3, 2024]</ref> * '''2025''' – Completion of the Daycoval Seguros S.A. acquisition, incorporating corporate insurance services.<ref>[https://ri.daycoval.com.br/en/documentos/2712-[EN]-Release-Daycoval-1Q25.pdf Q1 2025 Report – IR Daycoval, May 2, 2025]</ref>

== Operations and products == * '''Corporate Credit''': focused on small and medium enterprises, including working capital and leasing. * '''Payroll and Auto Loans''': payroll loan portfolio (R$ 16.3 billion in Q1 2025) and auto financing (R$ 2.8 billion).<ref>[https://ri.daycoval.com.br/pt/documentos/2711-[PT]-Release-Daycoval-1T25.pdf Q1 2025 Release – IR Daycoval, May 14, 2025]</ref> * '''Foreign Exchange''': tourism and international trade transactions, including Cayman branch operations. * '''Asset Management''': Daycoval Asset managed R$ 20.9 billion as of March 2025 and received the top MQ1.br rating from Moody’s Local Brasil.<ref>[https://ri.daycoval.com.br/en/documentos/2712-[EN]-Release-Daycoval-1Q25.pdf Asset MQ1.br Rating – IR Daycoval, May 2, 2025]</ref> * '''Capital Markets''': R$ 6 billion issued through the Debt Capital Markets division in Q1 2025. * '''Insurance''': performance guarantees and corporate sureties. * '''Fiduciary''' '''Services''': comprehensive services for all types of funds and managed portfolios, as well as custody and legal representation for non-resident investors.

== Financial performance == As of March 31, 2025: * '''Net income''': R$ 451.8 million (+22.8% YoY) * '''Recurring net income''': R$ 473.1 million (+32.8% YoY), recurring ROAE of 26% (8th year above 20%) * '''Total assets''': R$ 81.7 billion (+9.2% YoY) * '''Expanded credit portfolio''': R$ 62.2 billion (+12.8% YoY) * '''Total funding''': R$ 60.7 billion * '''Basel III ratio''': 14.5%<ref name="ri_indicators"/>

In 2024, recurring net income totaled R$ 1.514 billion (+25.9% YoY), with a ROAE of 22.4%.<ref>[https://economia.estadao.com.br/noticias/geral,daycoval-lucro-liquido-recorrente-tem-alta-de-259-em-2024,70004850243 Estadão, Feb 13, 2025]</ref>

== Governance == The bank follows the Brazilian Institute of Corporate Governance (IBGC) guidelines and maintains audit, risk, and sustainability committees.<ref>{{Cite web |title=Banco Daycoval - Resultados 2024 |url=https://estadaori.estadao.com.br/wp-content/uploads/2025/02/banco-daycoval-sa-balanco-2025-02-12_23-59-15.pdf |website=Estadão}}</ref>

== Ratings == * '''Fitch Ratings''': BB (global), AA+(bra) (national), stable outlook.<ref>[https://ri.daycoval.com.br/en/financial-information/risk-classification-ratings Ratings – IR Daycoval, accessed Jul 16, 2025]</ref> * '''Moody’s Global/Local''': Ba1 / AA+.br; Daycoval Asset was rated MQ1.br by Moody’s Local Brasil in 2025.

== Recognition == * '''LinkedIn Top Companies 2025''' – among the best institutions (under 5,000 employees) for professional growth. * '''Valor Econômico – Guia Grandes Grupos 2021''' – listed among Brazil's 20 largest banks by revenue and profit.

== Controversies == As of July 2025, no controversies involving the bank have been reported in independent sources.

== References == {{reflist}}

== External links == * [https://www.daycoval.com.br Official website] * [https://ri.daycoval.com.br Investor Relations]

Category:Banks of Brazil Category:Financial services companies of Brazil Category:Companies based in São Paulo Category:Financial services companies established in 1968 Category:1968 establishments in Brazil