Safra buys Banco Alfa for more than R$ 1 billion

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titli
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Safra buys Banco Alfa for more than R$ 1 billion

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Banco Safra announced the purchase of Banco Alfa for R$1.03 billion. The announcement was made on the night of Wednesday, November 23, 2022. This agreement was signed for the purchase of all shares of Alfa Financial Conglomerate, which belong to Administrator Fortaleza. According to one of the controlling shareholders of Grupo Safra, David Safra, the purchase is a milestone in the history of the bank in Brazil. “The transaction is a milestone in the history of the bank in Brazil. Customers, employees and shareholders of Alfa Financial Conglomerate and Safra Bank will benefit.

We share values, long-term vision and passion for work, which gives us enormous confidence in the harmony and success of this operation”, he said. Want to understand about it? So, continue reading this article. What is Alfa Bank? Banco Alfa — Alfa Financial Conglomerate — is a financial institution with almost 100 years of history. It C Level Executive List emerged with the Banco da Lavoura de Minas Gerais, created in 1925, changing its name to Banco Real in the 1970s. Simulate your transfer as a legal entity You receive USD 1.959,47 We convert to BRL 10.000,00 Take advantage of special costs 37 Your exchange rate: BRL 5.10 Understand After registration approval, payment arrives within 1 business day In 1998, Banco Real SA was sold to ABN Amro.

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At the time, banker Aloysio de Andrade Faria created the Alfa Financial Conglomerate to offer insurance and financial services. What is Banco Safra? Banco Safra is one of the largest private banks in Brazil, with a net worth of R$15.5 billion. He is part of the J. Safra Group, created by Joseph Safra. Currently, the financial institution has more than 10,000 employees and operates in the corporate and individual segments. The bank has total assets of R$270 billion and managed and raised funds of R$300 billion. In 2022, Banco Safra is present in 27 countries.
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