Many people do not know that Banco Safra SA is in fourth position, as the largest privately controlled bank in the country. We have gathered a series of information about this bank, which will certainly help you to get to know it better, and who knows, start being a customer too.
The bank has nothing more and nothing less as total assets, the Central Bank. It operates as a multiple bank, that is, providing a wide range of financial products and services, and is distinguished in the Brazilian market by the experience and proximity of the Safra family to the business.
Banco Safra is part of the Safra Group.
Another important information to mention here is that the Bank is present in 24 countries, therefore, it is part of an international network of companies, which, based on the tradition, security and conservative management of its business, continues to expand and diversify its operations, through investment in various ventures.
Another important information: it has a service network that operates in a segmented way and that permeates the entire national territory, distributed in the main cities.
How did the Safra group start?
According to information from Wikipedia, in Aleppo, a large trading post, the Safra family acted in financing through the exchange of currency and precious metals. In the mid-19th century, Safra Frères et Cie was founded in Aleppo, being recognized throughout the region.
Therefore, after the success, 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.
After that, in subsequent years, Banco Safra became a multiple company in 1972 under the corporate name Banco Safra SA, and then it began to expand its operations in the financial market by offering products and services. customized to the needs of your customers.
Banco Safra's online operations
Thinking about following the market, it started to cover solutions in the capital and debt market as well as products related to means of payment with the launch of SafraPay in 2017, becoming a virtual bank as well.
It is also valid to say that HSBC, a financial group based in London, bought the former Bamerindus in Brazil, announced yesterday the acquisition of banks Republic New York Corporation in the United States and harvest Republic Holding, in Europe, both from banker Edmond harvest. Edmond is Joseph and Moise's brother harvest, owners of Safra Bank in Brazil.
What are Banco Safra's products?
Before knowing what products are offered by Grupo Safra, you need to be a customer, so first see how to become a bank customer and then find out what their products are:
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Still some original documents are requested, such as:
- CPF;
- ID;
- Proof of address;
- Proof of income.
To the desperation of competition, the Bank offers a wide variety of products and services to individuals and companies and is present in 24 countries around the world.
Which ones are they? For example, for those looking for car financing, Safra offers Safra Financeira:
Is it worth financing at Banco Safra?
According to information from Safra, it is currently possible to finance your vehicle in up to 60 months without down payment.
In addition, Safra has plans such as the scheduled exchange, for those who want to change their car every 1 or 2 years. There is also the option of an executive plan, for those who receive half-yearly or annual payments, and the farmer plan, in which the installments can be larger during the harvest period.
What do I need to do to finance at Banco Safra? What are the fees?
The good news is that you don't have to be an account holder to get a vehicle loan from Banco Safra. You must be over 18 years of age, prove income and have no registration restrictions in your name/CPF.
According to information from the bank, Banco Safra's vehicle financing rate is around 1.63% per month.
Is it worth getting a personal loan?
If you compare the interest rate against other banks, it is definitely worth it.
For example, the payroll loans that Banco Safra offers are directed to public employees or private companies and to INSS retirees and pensioners.
Payroll loan Banco Safra for INSS retirees and pensioners
Bank's INSS consigned interest rate: 1.90% per month (compare with other banks).
Normally, this value is an average of the interest rate applied by Banco Safra for the INSS payroll loan. Another important detail: this loan amount depends on the person's pension or retirement value and how much is already committed to other payroll deductibles.
What is the payment method? direct discount on pension or retirement payments.
But who can hire? Only employees with a formal contract, provided that the company where they work has an agreement with Grupo Safra.
How to contact Banco Safra?
It is not very difficult, just access the portal or contact SAC by phone 0800-772-5755. You can get financing with one of the best rates on the market quickly and safely from Banco Safra! Or you can also ask some questions clicking here.
What is the value of Banco Safra shares?
You need to get in touch with Safra Corretora – What makes the bank different
You might think that the products and services offered by Safra Corretora are found in other brokers. But the company believes that everything about the company, from the beginnings to the history, makes the group different from others.
For more information about the Bank's shares. Click here.
What is the Bank's billing?
It is important to say that the information below is according to the official website of Banco Safra. So, if you have any doubts, check the official website.
| Active | R$182.2 billion (March 31, 2019) |
| Profit | R$2.1 billion (2018) R$544 million (1st quarter 2019) |
How to work at Banco Safra?
The Bank selection process also takes place like most large private banks, it is necessary to have training in the position you are applying for. A degree in finance is highly desirable, as are degrees in mathematics, computer science, IT training.
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