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{{Infobox company
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Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government.<ref>{{Cite web|url=http://ri.banpara.b.br/conteudo_en.asp?idioma=1&conta=44&tipo=63716|title=History|website=ri.banpara.b.br|language=en-us|access-date=2019-12-12}}</ref>
| name = Banco do Estado do Pará S.A.

| image = Banpara_logo.png
{{AFC submission|t||ts=20191212030106|u=2804:14C:598F:A06D:D93A:50D8:2B03:AC91|ns=118|demo=}}<!-- Important, do not remove this line before article has been created. -->
| image_size = 250px

| image_alt = Banpará's corporate logo.

| former_name = Banco do Estado do Pará (1959-1979)<ref name="history" />

| type = [[S.A. (corporation)|Sociedade Anônima]]
| traded_as = {{B3 (stock exchange)|cvm=1171|BPAR3}}
| area_served = [[Pará]]
| key_people = Ruth Mello <small>([[Chief executive officer|CEO]])</small><ref>{{cite web|url=https://ri.banpara.b.br/a-companhia/estrutura-organizacional|website=ri.banpara.b.br|language=pt-BR|access-date=2022-08-26|title=Estrutura Organizacional}}</ref>
| industry = [[Banking]], [[Financial services]]
| products = [[Investment banking]]<br/> [[Retail Banking]]<br>[[Credit cards]]
| revenue = {{increase}} [[Brazilian Real|R$]] 2.053 billion <small>(2021)</small><ref name="bal_2021">{{cite news| url=https://ri.banpara.b.br/central-de-resultados/divulgacao-de-resultados/ |language=pt-BR|work=Banpará|title=Divulgação de Resultados}}</ref>
| net_income = {{decrease}} [[Brazilian Real|R$]] 241.28 million <small>(2021)</small><ref name="bal_2021" />
| assets = [[Brazilian Real|R$]] 12.52 billion <small>(2021)</small><ref name="bal_2021" />
| foundation = {{start date and age|30 November 1959}}
| location = [[Belém]], [[Brazil]]
| homepage = {{url|https://www.banpara.b.br}}
}}
[[File:Banpará - panoramio (1).jpg|thumb|Banpará headquarters building.]]


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'''Banpará''' is a Brazilian regional bank, founded in 1959 by the Pará state government.<ref name="history">{{Cite web|url=http://ri.banpara.b.br/conteudo_en.asp?idioma=1&conta=44&tipo=63716|title=History|website=ri.banpara.b.br|language=en-us|access-date=2019-12-12}}</ref> Its primary activity is supporting the banking needs of the state government and its employees’.<ref>{{Cite web|url=https://www.moodys.com/research/Moodys-affirms-Banpars-ratings-outlook-stable--PR_334590|title=Moody's affirms Banpará's ratings; outlook stable|date=2015-09-25|website=Moodys.com|language=en|access-date=2019-12-12}}</ref>


== Controversies ==
The bank was the centerpoint of a 1984 scandal which saw over 10 million dollars siphoned away from its coffers into bank accounts controlled by the then-governor, [[Jader Barbalho]], and his associates.<ref>{{Cite web|url=https://www1.folha.uol.com.br/fsp/brasil/fc2406200102.htm|title=Folha de S.Paulo - Caso Banpará: Jader recebeu mais de 50% de desvio, aponta relatório - 24/06/2001|website=www1.folha.uol.com.br|language=pt-BR|access-date=2019-12-12}}</ref><ref>{{Cite web|url=https://politica.estadao.com.br/noticias/geral,procuradores-pressionados-a-reabrir-caso-banpara,20010430p37206|title=Procuradores pressionados a reabrir caso Banpará - Política|website=Estadão|language=pt-BR|access-date=2019-12-12}}</ref> The accusation involved the CEO, a political ally of Barbalho, and the financial director, both banned from working in the financial sector for 10 and 3 years, respectively.<ref>{{Cite web|url=https://politica.estadao.com.br/noticias/geral,bc-explica-atuacao-no-caso-banpara,20010718p38855|title=BC explica atuação no caso Banpará|website=politica.estadao.com.br|language=pt-BR|access-date=2019-12-12}}</ref>


== References ==
== References ==
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{{reflist}}
{{reflist}}

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[[Category:Banks of Brazil]]
{{authority control}}
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[[Category:Companies based in Pará (state)]]

[[Category:Brazilian companies established in 1959]]
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[[Category:Companies based in Belém (Pará)]]
[[Category:Government-owned banks of Brazil]]
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[[Category:Banks established in 1959]]
{{Brazil-econ-stub}}

Latest revision as of 22:44, 6 March 2024

Banco do Estado do Pará S.A.
FormerlyBanco do Estado do Pará (1959-1979)[1]
Company typeSociedade Anônima
B3: BPAR3
IndustryBanking, Financial services
Founded30 November 1959; 65 years ago (30 November 1959)
HeadquartersBelém, Brazil
Area served
Pará
Key people
Ruth Mello (CEO)[2]
ProductsInvestment banking
Retail Banking
Credit cards
RevenueIncrease R$ 2.053 billion (2021)[3]
Decrease R$ 241.28 million (2021)[3]
Total assetsR$ 12.52 billion (2021)[3]
Websitewww.banpara.b.br
Banpará headquarters building.

Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government.[1] Its primary activity is supporting the banking needs of the state government and its employees’.[4]

Controversies

[edit]

The bank was the centerpoint of a 1984 scandal which saw over 10 million dollars siphoned away from its coffers into bank accounts controlled by the then-governor, Jader Barbalho, and his associates.[5][6] The accusation involved the CEO, a political ally of Barbalho, and the financial director, both banned from working in the financial sector for 10 and 3 years, respectively.[7]

References

[edit]
  1. ^ a b "History". ri.banpara.b.br. Retrieved 2019-12-12.
  2. ^ "Estrutura Organizacional". ri.banpara.b.br (in Brazilian Portuguese). Retrieved 2022-08-26.
  3. ^ a b c "Divulgação de Resultados". Banpará (in Brazilian Portuguese).
  4. ^ "Moody's affirms Banpará's ratings; outlook stable". Moodys.com. 2015-09-25. Retrieved 2019-12-12.
  5. ^ "Folha de S.Paulo - Caso Banpará: Jader recebeu mais de 50% de desvio, aponta relatório - 24/06/2001". www1.folha.uol.com.br (in Brazilian Portuguese). Retrieved 2019-12-12.
  6. ^ "Procuradores pressionados a reabrir caso Banpará - Política". Estadão (in Brazilian Portuguese). Retrieved 2019-12-12.
  7. ^ "BC explica atuação no caso Banpará". politica.estadao.com.br (in Brazilian Portuguese). Retrieved 2019-12-12.

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