Description
Unibanco's Wholesale business aims to be the bank of choice for corporations and investors with interests in Brazil. Our strategy combines the strength of a commercial bank with the agility of a leading investment bank. Our in-depth knowledge of our clients and their businesses coupled with our financial capabilities allows us to establish credit limits and to structure transactions in an innovative way.
During the year ended December 31, 2005, we expanded our business, while maintaining a close relationship with our clients, and attending to their day-to-day financial needs. We offer our Wholesale business clients diversified products and services, including working capital credit lines, foreign exchange lending, banking services, corporate finance, advisory services and derivative products. In addition, we have a special focus on the delivery of structured solutions to meet our clients' needs.
We are one of the leading Brazilian banks participating in the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social), or BNDES, programs (see: The Brazilian Banking Industry section). As of December 31 2005, Unibanco ranked third among private-sector banks in terms of total BNDES disbursements, with a 10.3% market share, according to the official BNDES ranking list.
During the third quarter of 2005, our equity research department was recognized as one of the Top 10 Research Houses in the 2005 ranking of Institutional Investor's All-Brazil Research Team, and two of our analysts were recognized.