Sale of Banco Voiter and Banco Letsbank to Banco Master



Advisor to Banco Voiter and Banco Letsbank in their sale to Banco Master
April 2024
• In December 2023, Banco Master acquired Banco Voiter, adding R$800 million to its net worth
– The transaction aims to expand Banco Master in the payroll-deducted loan segment and other specialized financial operations, providing growth opportunities in structured operations and the capital markets, in addition to the development of new products for the agribusiness segment
– The acquisition is an important step for the consolidation of Master's wholesale and retail operations, optimizing and integrating the value offerings to the client
– After approval by the regulatory bodies (the Central Bank and CADE), Voiter will be restructured to become Master's wholesale division, also integrating the investment bank, the brokerage, the asset managers (MAM and MACAM), and the securities distributors (CM Capital and Trustee)
• Banco Voiter is a financial institution with over 45 years of experience in the Brazilian credit market, with total assets of approximately R4.0 billion and a net worth of approximately R$430 million
• Banco Master operates in all lines of financial business, with an emphasis on credit and payroll-deducted products – benefit cards, corporate, and financial services. The Bank underwent a major restructuring in 2019 and currently has a net worth of approximately R$1.9 billion