Many people do not know that Banco Safra SA is in fourth place, as the largest privately controlled bank in the country. We have gathered a series of information about this bank, which will certainly help you get to know it better, and perhaps start be a customer too.
The bank has nothing more or 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 differentiates itself in the Brazilian market due to the Safra family's experience and proximity to business.
Banco Safra is part of the Safra Group.
Another important piece of 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 tradition, security and conservative management of its businesses, continues to expand and diversify its operations, through investment in various ventures.
Another important piece of information: it has a service network that operates in a segmented manner and spans the entire national territory, distributed across the main cities.
How did the Safra group start?
According to information from Wikipedia, in Aleppo, a large trading post, the Safra family operated in financing through the exchange of currency and precious metals. In the mid-19th century, Safra Frères et Cie was founded in Aleppo, becoming recognized throughout the region.
Therefore, following its success, the group's reputation as a group of skilled financiers led the family to open branches in other cities in the Middle East.
After that, in subsequent years, Banco Safra became multiple from 1972 under the corporate name Banco Safra SA, and then it began to expand its operations in the financial market through offers of products and services. customized to the needs of your customers.
Banco Safra’s online operations
Thinking about keeping up with the market, it began to cover solutions in the capital and debt markets as well as products related to payment methods with the launch of SafraPay in 2017, also becoming a virtual bank.
It is also worth saying that HSBC, a financial group based in London, he 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 owned by banker Edmond Harvest. Edmond is the brother of Joseph and Moise Harvest, owners of Banco Safra in Brazil.
What are Banco Safra's products?
Before finding out what products are offered by Grupo Safra, you need to be a customer, so first see how to become a customer of the bank and then find out what its products are:
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Some original documents are still requested, such as:
- CPF;
- RG;
- Proof of address;
- Proof of income.
Much to the dismay of the competition, the Bank offers a wide variety of products and services for individuals and legal entities 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 with no down payment.
In addition, Safra has plans such as 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 semi-annual 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 need to be an account holder to obtain vehicle financing from Banco Safra. You need to be over 18 years old, prove income and not have registration restrictions on 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 compared to other banks, it is definitely worth it.
For example, the payroll loans that Banco Safra offers are aimed at public employees or private companies and INSS retirees and pensioners.
Loan granted by Banco Safra for INSS retirees and pensioners
Bank's INSS payroll interest rate: 1.90% per month (compare with other banks).
Normally this value is an average of the interest rate charged by Banco Safra for the INSS consignee. Another important detail: this loan amount depends on the value of the person's pension or retirement and how much is already committed to other loans.
What is the payment method? direct discount on pension or retirement payments.
But who can hire? Only employees with a formal contract, as long as the company they work for has an agreement with the Safra Group.
How to contact Banco Safra?
It's not very difficult, just access the portal or contact SAC by calling 0800-772-5755. You can get financing at 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 information from 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 its principles to its history, makes the group different from others.
To find out more information about the Bank's actions. Click here.
What is the Bank's revenue?
It is important to say that the information below is according to Banco Safra's official website. Therefore, if you have any doubts, check the official website.
| Active | R$182.2 billion (31 March 2019) |
| Profit | R$2.1 billion (2018) R$544 million (Q1 2019) |
How to work at Banco Safra?
The Bank's selection process also takes place like most large private banks, it is necessary to have training in the position you are wanting to apply for. A degree in finance is highly desirable, as is training in mathematics, computer science, IT training.
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