Banpará
 | |
| Formerly | Banco do Estado do Pará (1959-1979)[1] |
|---|---|
| Company type | Sociedade Anônima |
| B3: BPAR3 | |
| Industry | Banking, Financial services |
| Founded | 30 November 1959 |
| Headquarters | Belém, Brazil |
Area served | Pará |
Key people | Braselino Assunção[2], (CEO) |
| Products | Investment banking Retail Banking Credit cards |
| Revenue |  R$ 1.68 billion (2019)[3] |
| R$ 331.47 million (2019)[3] | |
| Total assets | R$ 8.27 billion (2019)[3] |
| Website | www |
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
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
- ^ a b "History". ri.banpara.b.br. Retrieved 2019-12-12.
- ^ "Helder anuncia nome para presidir o Banpará a partir de 2019". g1.globo.com (in Brazilian Portuguese). Retrieved 2019-12-12.
- ^ a b c "Balanço Financeiro BANPARA ON - BPAR3". ADVFN (in Brazilian Portuguese).
- ^ "Moody's affirms Banpará's ratings; outlook stable". Moodys.com. 2015-09-25. Retrieved 2019-12-12.
- ^ "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.
- ^ "Procuradores pressionados a reabrir caso Banpará - Política". Estadão (in Brazilian Portuguese). Retrieved 2019-12-12.
- ^ "BC explica atuação no caso Banpará". politica.estadao.com.br (in Brazilian Portuguese). Retrieved 2019-12-12.