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Hipercard Banco Multiplo S.A. (Brazil)

Main Activities: Credit Card Issuing
Full name: Hipercard Banco Multiplo S.A. Profile Updated: October 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Portuguese Download a sample report

Hipercard Banco Multiplo S.A. is a company located in Sao Paulo, Brazil. It was founded in 1969 with the launch of the loyalty card by Grupo Bompreço in Recife. Over the past five decades, Hipercard has established a strong reputation in the Brazilian payment market, particularly in the Northeast region. The opening of the acquiring market in 2017 led to an increase in the acceptance of the card by merchants, resulting in higher purchase volumes and customer usage frequency. This has positively impacted Hipercard's performance since then.

Headquarters
Praca Alfredo Egydio De Souza Aranha, Torre Olavo Setubal, 7- Andar, Parte A
Sao Paulo; Sao Paulo; Postal Code: CEP 04.344-902

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Website: https://www.itau.com.br

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 22, 1998
Key Executives
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CEO
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Director
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Director
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Director
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Director
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Hipercard Banco Multiplo S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BRL. Absolute financial data is included in the purchased report.
Net interest income
-55.25%
Net fee and commission income
-4.09%
Operating profit (EBIT)
-27.36%
Net Profit (Loss) for the Period
-29.28%
Total assets
-2.2%
Loans and advances to customers
-23.68%
Total equity
-11.02%
Total Assets Trend
19.5%
Net Interest Income Trend
-10.86%
Cost to Income Ratio
0.49%
Loans to Deposits Ratio
-39.08%
Loans to Asset Ratio
-2.43%

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