Banif Financial Group
Banco Internacional do Funchal ( Banif, dt: International Bank of Funchal) is a Portuguese universal bank. The bank, founded in 1988 is listed in both the Euro Next Lisbon and in the PSI 20. Current CEO is Dr. Luís Filipe Marques Amado. The Bank has its registered office in Funchal, during its operational headquarters now resides in Lisbon.
History
In 1988, founded the bank as a corporation, on the initiative of a group of entrepreneurs and bankers to Horácio da Silva Roque. She went to the succession of the Savings Bank of Funchal, which had (now about 50 million euros ) Caixa Económica do Funchal accumulated which liabilities over 10 billion escudos and was dissolved.
In 1990, the Banif had completed the repayment of the liabilities assumed and expanded. In 1991, she was one of 20 branches in its home region of Madeira, and eleven switch in continental Portugal. Since 1992, its shares were traded on the Portuguese stock exchange, the Bolsa de Valores. 1993, Banif also turned abroad to, with the establishment of Banif - Banco Internacional do Funchal ( Cayman), Ltd. in George Town (Cayman Islands). Opened in 1994, the bank in Lisbon their building Edificio Banif de José Malhoa, which since then housed the operational center of Banif.
1996 acquired Banif the insurance company Companhia de Seguros Açoreana (German: Azorean insurance company ) and the majority of which was founded in 1912 Banco Comercial dos Açores. Thus it was, in addition to their native Madeira Archipelago, also in the Azores bancassurance market leader. The traditional business links to major Auswanderkolonien, especially in Venezuela, Brazil, Canada, USA and South Africa, facilitated as a consequence the further internationalization of the bank. In 2001, she introduced its internet banking, and 2002, the previous Banif was - Banco Internacional do Funchal converted into Banif SGPS, SA, a holding company for the Group and its three sub-holdings Banif Comercial SGPS, SA ( universal bank ), Banif Seguros SGPS, SA (insurance group), and Banif Investimentos SGPS, SA ( investment).
In 2009 they had Banif first in the list of world's 500 most valuable banks, ranked 493 of the Global 500 Banking Brands Index magazine The Banker Magazine. In 2010 she was guided there on the 389th place in 2011 to 487th place. As a result of the general banking crisis, including the following financial crisis in Portugal were the results of the Banif in these years, their losses, however, remained behind those of many other credit institutions in Portugal. On 21 March 2011, the Banif was first recorded in the Portuguese Stock Index PSI 20. Given its change from a small regional savings bank to a major financial group for some time took the Banif the motto A força de acreditar ( Eng.: The power to believe it) into its external representation on.
Company figures
In 2012, the total assets of the Banif Group amounted to 15 billion euros. She entertained in 2010 in Portugal 352 branches and 680 representative offices around the world further. In 2011 it employed 2,548 employees.
The Banif 's shares in the Portuguese Stock Index 20 a weighting of 0.22 %. Since 24 September, the bank counts back to 20 PSI after it has been some time not out in it.
The Banif Group maintains a number of banks in other countries, including the Banco Caboverdiano de Negocios (Cape Verde), the Banif Bank ( Malta), Banca Pueyo and Bankpime (Spain ), Banif Finance (USA ), to companies in Brazil, Venezuela, Cayman Islands, among others A total of 60 companies in 17 countries belong to the group.
Ownership structure
The remainder is in free float, partly controlled by the family Teixeira.