Banpará
From Wikipedia, the free encyclopedia
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]
FormerlyBanco do Estado do Pará (1959-1979)[1]
Company type
Sociedade AnônimaIndustryBanking, Financial services
| |
| Formerly | Banco do Estado do Pará (1959-1979)[1] |
|---|---|
Company type | Sociedade Anônima |
| B3: BPAR3 | |
| Industry | Banking, Financial services |
| Founded | 30 November 1959 |
| Headquarters | Belém, Brazil |
Area served | Pará |
Key people | Ruth Mello (CEO)[2] |
| Products | Investment banking Retail Banking Credit cards |
| Revenue |  R$ 2.053 billion (2021)[3] |
 R$ 241.28 million (2021)[3] | |
| Total assets | R$ 12.52 billion (2021)[3] |
| Website | www |
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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]