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SAFRA BANK

Harvest Bank

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Harvest Bank

Banco Safra's headquarters on Avenida Paulista , in São Paulo

Corporate name Banco Safra SA

Type

Privately Held Company

SloganSecular Tradition of Security

Financial Services Activity

Private gender

Foundation 1955 (66 years old)

Founder(s) Jacob Safra
Joseph Safra

Headquarters São Paulo , SP Brazil

Owner(s) Joseph Safra

President Alberto Corsetti [1]

Employees 8,367 ( March 31 , 2019 )

Products Banking Services

Safra Group parent company

Subsidiaries Banco J. Safra SA
Safra Vida e Previdência SA
Safra Leasing SA
Safra Seguros Gerais SA
Safra Asset Management Ltd
SafraPay Accreditation Ltda
and others.

Assets R$ 182.2 billion ( March 31 , 2019 )

Profit R$2.1 billion ( 2018 )

R$544 million (1st quarter of 2019)

Official website http://www.safra.com.br

Banco Safra SA is a Brazilian bank , being the 4th largest privately controlled bank in the country considering its total assets , according to the Central Bank . It acts as a multiple bank providing a wide range of financial products and services, and differentiates itself in the Brazilian market by the experience and proximity of the Safra family to the business .

Banco Safra, part of the Safra Group present in 24 countries, is part of an international network of companies, which, based on tradition, security and conservative management of its business, continues to expand and diversify its operations, through investments in various projects . It has a service network that operates in a segmented manner and that permeates the entire national territory, distributed in the main cities.

Index

History

Favorable conditions for the group

In the early 19th century , the economies of Europe , the Middle East and North America flourished with the increased movement of people and goods between the main port cities of Europe and the Middle East.

Some families operating in the financial sector, including the Safra family, laid the foundations of the modern banking system and financing to meet the growing demand for international trade .

the beginning of the group

In Aleppo , a large warehouse business, the Safra family was active in financing through the exchange of coin and precious metals . In the mid-19th century, Safra Frères et Cie was founded in Aleppo and is recognized throughout the region.

The group's reputation as a group made up of skilled financiers led the family to open branches in other cities in the Middle East.

Diversifying performance

In the 1st half of the 20th century , Beirut was chosen to be the seat of the Jacob Safra bank .

the growth

After World War II , Jacob Safra expanded the business to Europe, Latin America and the United States . In 1957, it started its activities in Brazil as a consumer credit company, Safra SA Crédito Financiamento e Investimentos, offering credit to its clients .

The evolution

In subsequent years, the bank, which became a multiple in 1972 under the corporate name Banco Safra SA, expanded its operations in the financial market through the bank, offering products and services tailored to the needs of its customers, also covering solutions in the capital markets and debt as well as products related to payment methods with the launch of SafraPay in 2017 becoming a virtual bank as well.

currently

Banco Safra SA is owned and controlled by businessman Joseph Safra , who holds substantially all of the company's equity.

SOURCE: WIKIPEDIA

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