| Type | Sociedade Anónima |
|---|---|
| Traded as | Euronext: BNF |
| Industry | Financial services |
| Founded | 1988 |
| Founder(s) | Horácio Roque |
| Headquarters | Funchal, Portugal |
| Key people | Carlos Almeida (CEO), Joaquim dos Santos (Chairman) |
| Products | Retail and investment banking, insurance, asset management, private equity, factoring |
| Revenue | €552.5 million (2010)[1] |
| Operating income | €58.1 million (2010)[1] |
| Profit | €33.4 million (2010)[1] |
| Total assets | €15.71 billion (end 2010)[1] |
| Total equity | €1.279 billion (end 2010)[1] |
| Employees | 5,400 (end 2010)[1] |
| Website | www.grupobanif.pt |
Banif Financial Group (Portuguese: Banif - Grupo Financeiro) is a Portuguese international financial services group based around the bank Banco Internacional do Funchal. The company has a presence in Europe, South America, North America, Africa and Asia.
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Banif was founded and incorporated by Horácio Roque[2] on 15 January 1988 and took over all of the assets and liabilities of the defunct Caixa Económica do Funchal. In 1995, it opened offices in Caracas, Venezuela and South Africa; in 1996 in São Paulo, Brazil; and in 2008 in San Ġiljan, Malta.
Banif consists of the following subsidiaries, most of which have either been incorporated or purchased:
In March 1992, Banif first appeared on the Lisbon and Porto stock exchanges.
In 2002, Banif Securities acquired the Brazilian brokerage firm Indusval, giving them a place on the floor of the New York Stock Exchange.