Banco Randon

Market leader in all its segments, Randon S.A. Implementos e Participações opened, in 2010, its newest business: the Randon Bank. The multiple bank was created to operate within the national financial market and in the development of financial products and services that are attuned to the businesses of Randon companies.

The initiative to create a financial institution started from the perception of an opportunity to add value and bring efficiency to its sales chain. The process of creating the new bank started in 2007, when Randon forwarded to the Central Bank of Brazil an application for its establishment. In August 2009, the Central Bank authorized its creation as requested.

Among the benefits that the Bank brings to Randon Companies` customers are the knowledge of the nature and particularities of each product line manufactured and marketed by the companies, from road equipment and vehicles to automotive components and systems.

The Randon Bank, which is based in Caxias do Sul (RS), where Randon Companies are headquartered, will first operate within the domestic market. Its management is independent and highly qualified, with extensive experience in the banking industry, although permeated by the tradition and culture of Randon Companies.