Feb 18 • 12:47 UTC 🇧🇷 Brazil G1 (PT)

Banco Pleno ends a trajectory marked by renaming, sale, and restructuring

The liquidation of Banco Pleno by the Central Bank of Brazil marks the end of its tumultuous journey characterized by frequent changes in control and unsuccessful attempts at stabilization.

Banco Pleno, a financial institution in Brazil, has been officially liquidated by the Central Bank, concluding a significant history of operational instability and restructuring. Originally emerging from Banco Indusval & Partners Corretora, which was founded in 1967, Banco Pleno struggled after several changes in management and ownership. Despite its focus on corporate credit and agribusiness financing, the bank faced mounting operational challenges that necessitated numerous corporate reorganizations.

In 2019, in a bid to revitalize its operations, the bank rebranded itself as Banco Voiter and attempted to pivot towards digital solutions. However, these changes did not yield the desired stability or financial performance, pushing the management to seek buyers for the struggling institution. Various acquisition attempts were made, highlighting the bank's ongoing difficulties in attracting viable partnerships.

Most recently, in 2023, attempts to sell to Capital Consig failed, and by early 2024, Banco Pleno was absorbed into Banco Master, run by Daniel Vorcaro. The unpredictable trajectory of Banco Pleno reflects broader challenges within the banking sector in Brazil, particularly in adapting to modern financial landscapes and maintaining profitability amidst operational difficulties.

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