Banpará

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]

Banco do Estado do Pará S.A.
FormerlyBanco do Estado do Pará (1959-1979)[1]
TypeSociedade Anônima
B3: BPAR3
IndustryBanking, Financial services
Founded30 November 1959 (30 November 1959)
HeadquartersBelém, Brazil
Area served
Pará
Key people
Braselino Assunção,[2] (CEO)
ProductsInvestment banking
Retail Banking
Credit cards
Revenue R$ 1.68 billion (2019)[3]
R$ 331.47 million (2019)[3]
Total assetsR$ 8.27 billion (2019)[3]
Websitewww.banpara.b.br

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
  1. "History". ri.banpara.b.br. Retrieved 2019-12-12.
  2. "Helder anuncia nome para presidir o Banpará a partir de 2019". g1.globo.com (in Brazilian Portuguese). Retrieved 2019-12-12.
  3. "Balanço Financeiro BANPARA ON - BPAR3". ADVFN (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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