Banco Cruzeiro do Sul

Banco Cruzeiro do Sul (BM&F Bovespa:CZR4) was a Brazil-based bank mainly engaged in the consumer financing segment. It was declared bankrupt in August 11, 2015.

Banco Cruzeiro do Sul S.A.
Sociedade Anônima
Traded asBM&F Bovespa:CZR4
IndustryFinancial
Founded(1993)
HeadquartersSão Paulo, Brazil
Key people
Luis Octavio A.L. Indio da Costa, (Chairman & CEO)
ProductsLoan, Financing
Revenue US$ 251.2 Million (2010) [1]
- US$ 37.1 Million (2010)
Total assets US$ 7.1 Billion (2011)
Number of employees
3,666
Websitewww.bcsul.com.br

It offered credit, investment, brokerage and consulting services, as well as a range of financial products. It also offered public bond market intermediation and loans. The bank's products were distributed in Brazil through a network of banking correspondents which included more than 360 small and midsized companies.

The bank was headquartered in São Paulo and was owned by the Indio da Costa family, prior to being liquidated by the Central Bank. Administration was taken over by the FGC (Credit Granting Fund) for 180 days in 2012, while investigations occurred over a balance of negative 150 million reais, caused by a false declaration of funds.

References


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