Banif Financial Group
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| Type | Sociedade Anónima |
|---|---|
| Traded as | Euronext: BNF |
| Industry | Financial services |
| Founded | 1988 |
| Founder(s) | Horácio Roque |
| Headquarters | Funchal, Portugal |
| Key people | Carlos Almeida (CEO), Joaquim dos Santos (Chairman) |
| Products | Retail and investment banking, insurance, asset management, private equity, factoring |
| Revenue | €552.5 million (2010)[1] |
| Operating income | €58.1 million (2010)[1] |
| Profit | €33.4 million (2010)[1] |
| Total assets | €15.71 billion (end 2010)[1] |
| Total equity | €1.279 billion (end 2010)[1] |
| Employees | 5,400 (end 2010)[1] |
| Website | www.grupobanif.pt |
Banif Financial Group (Portuguese: Banif - Grupo Financeiro) is a Portuguese international financial services group based around the bank Banco Internacional do Funchal. The company has a presence in Europe, South America, North America, Africa and Asia.
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[edit] History
Banif was founded and incorporated by Horácio Roque[2] on 15 January 1988 and took over all of the assets and liabilities of the defunct Caixa Económica do Funchal. In 1995, it opened offices in Caracas, Venezuela and South Africa; in 1996 in São Paulo, Brazil; and in 2008 in San Ġiljan, Malta.
[edit] Subsidiaries
Banif consists of the following subsidiaries, most of which have either been incorporated or purchased:
- SGM – Sociedade Gestora de Fundos de Pensões Mundial, S.A. (1989)
- Ascor Dealer – Sociedade Financeira de Corretagem, S.A. (1989)
- Mundileasing – Sociedade de Locação Financeira, S.A. (1990)
- Mundicre – Sociedade Financeira para Aquisições a Crédito, S.A. (1991)
- Banifundos – Sociedade Gestora de Fundos de Investimento Mobiliário, S.A. (1991)
- Invesfeiras – Investimentos Imobiliários, S.A. (1991)
- Banif – Investimentos – S.G.P.S., S.A. (1992)
- Banifólio – Sociedade Gestora de Patrimónios, S.A. (1992)
- Banif – Banco Internacional do Funchal (Cayman), Ltd. (1993)
- Açoreana Seguros (1996)
- Banco Comercial dos Açores (1996)
- BanifServ Agrupamento Complementar de Empresas de Serviços, Sistemas e Tecnologias de Informação (1997)
- Banif – Banco de Investimento, S.A. (2000)
- Banif Financial Services, Inc. (2001)
- Banif Mortgage Company (2002)
[edit] Stock exchange floats
[edit] Portuguese
In March 1992, Banif first appeared on the Lisbon and Porto stock exchanges.
[edit] North American
In 2002, Banif Securities acquired the Brazilian brokerage firm Indusval, giving them a place on the floor of the New York Stock Exchange.
[edit] References
- ^ a b c d e f "Annual Report 2010". Banco Português de Investimento. http://bpi.bancobpi.pt/storage/download/ficheiro.54C95FF4-1295-42C6-A4F3-BBC3C15A35F2.1.pt.asp?id=03AC3009-DA27-4F81-AA3C-24D906AC568F. Retrieved 24 July 2011.
- ^ "Banif bank founder Horácio Roque dies". The Portugal News. 2010-05-22. http://www.theportugalnews.com/cgi-bin/article.pl?id=1062-6. Retrieved 2010-05-30.
