SAO PAULO, May 21 /PRNewswire-FirstCall/–
Banco Cruzeiro do Sul (Bovespa: CZRS4) has just won the Agencia Estado Business 2010 Achievement Award, occupying 10th place in the ranking of the 10 best publicly traded companies in Brazil. Organized by the news agency in partnership with Economatica and audited by KPMG, the financial institution was chosen out of 200 companies after analysis of their recent results. The award is a mark of distinction and one of the main indicators of excellence for companies in Brazil’s investment market.
Fabio Rocha do Amaral, member of Banco Cruzeiro do Sul’s board, who accepted the award on behalf of the company, said, “Being among the 10 best is a major recognition of the work being carried out by the bank.”
According to Agencia Estado, the rankings are evaluated based on seven criteria that are important from investors’ point of view: price-earnings, price-net equity per share, price variation, liquidity, volatility, dividend-net equity and return on net equity, indicators that could be applied to all companies independent of their size or industry.
The award was received fewer than three years after Banco Cruzeiro do Sul went public through an initial public offering (IPO) held in July 2007.
About Banco Cruzeiro do Sul
Banco Cruzeiro do Sul, a publicly traded company, is one of Brazil’s pioneering banks and is notable for having operated in the payroll loan market for the past 16 years.
The bank is authorized to offer personal loans through payroll deductions to public servants in the three levels of government: federal, state and municipal. It uses a countrywide network of sales representatives to offer these loans.
Today, the institution heads up a financial conglomerate made up of a multiple bank, a stock and commodities brokerage, a securities dealer, a finance company, an insurance company, a securitization company and third-party funds management for special clients. With head offices in Sao Paulo (SP), branches in the cities of Rio de Janeiro (RJ), Campinas (SP), Palmas (TO), Recife (PE) and Salvador (BA) and correspondents throughout Brazil’s territory, the company manages a portfolio of thousands of clients.
VOICE COMUNICACAO INSTITUCIONAL
Customer Financial Services Department Manager:
Beth Guaraldo
(bguaraldo@voice.com.br)
Telephone: +55-11-3816-1230
CONTACT: Beth Guaraldo, Customer Financial Services Department Manager,
Voice Comunicacao Institucional, +55-11-3816-1230, bguaraldo@voice.com.br,
for Banco Cruzeiro do Sul
SOURCE: Banco Cruzeiro do Sul