Banrisul

Banco do Estado do Rio Grande do Sul S.A.
Sociedade Anônima
Traded as BM&F Bovespa: BRSR3, BRSR5, BRSR6
Industry Financial services
Founded 1928
Headquarters Porto Alegre, Brazil
Key people
 Luiz Gonzaga Veras Mota (CEO)
Products Banking
Revenue Increase US$ 2.7 billion (2013)[1]
Decrease US$ 334.9 million (2013)[1]
Total assets Decrease US$ 25.9 billion (2014)[1]
Number of employees
 11,506
Website www.banrisul.com.br

Banrisul is the largest bank in Southern Brazil and operates primarily in the state of Rio Grande do Sul (RS), with a network that serves more than 365 cities. The services, however, are extended to other localities of Brazil. It has more than 1,312 service points, over 473 agencies, 246 and 593 ATMs in Rio Grande do Sul, in the Federal District and in the states of Bahia, Ceará, Minas Gerais, Paraná, Pernambuco, Rio de Janeiro, Santa Catarina, São Paulo; besides, it keeps a business office in Buenos Aires and agencies in New York and Grand Cayman.

History

In 1927, with the accomplishment of 1º Congress of Creators, appeared the proposal of the creation of a farm loan bank. The event, carried through with all the pomp and circumstance in the "Sao Pedro Theater", in Porto Alegre, aimed at to analyze the problems of the state economy, with direct focus on the crisis faced for "charqueadas" and all the production related to the cattle one.

The arguments were strong excessively to pass unobserved for the federal government, and president Washington Luís lowered decree authorizeing the State to create a credit bank. To 10h of day 12 of September 1928, in solemnity that counted on the presence of then the president of the State, Getúlio Vargas, was created the Bank of the Rio Grande do Sul.

With an initial capital of 50 a thousand réis, the main objective of the new institution was to take care of to the necessities of credit of the cattle gaucho. As official bank, the state taxation started to soon collect of beginning all, until then received for the "Banco Pelotense" (Pelotense Bank, in English), that later was incorporated by the Banrisul.

In 1969 and 1970, the institution incorporated, respectively, Banco Real de Pernambuco s.a. and the "Banco Sul do Brasil s.a." (South Bank of Brazil s.a., in English), extending its net until Pernambuco and Ceará, besides extending the number of existing agencies already in Santa Catarina, São Paulo and Rio de Janeiro. The opening of an agency in New York, in 1982, inserted the Banrisul in the group of international operators.

The decade of 1980s marked the beginning of the automation in the services of the bank. The massive investments effected since March 1991 had placed the institution in the vanguard of the banking automation in the State.

In March 1990, the Banrisul got authorization of the Brazilian Central Bank to operate as Commercial bank, with accounts receivables, of mortgage loans and credit, financing and investment.

In 1998, the Banrisul incorporated the agencies of the old "Caixa Econômica" (State Public, in English) saving bank, consolidating its position of bigger net of distribution of the south of the country, besides becoming a retail bank. The actions directed in credit facilities of long stated period had passed to be operated, in 2002, for "Caixa Estadual S.A." - Agency of Promotion.

Security

In October, 2016, unidentified hackers took control of the entire bank, redirecting customers to spoofed sites operated by the hackers.[2] All 36 sites operated by the bank were hijacked, stealing customer data, redirecting financial transactions, and installing malware on customer computers.[3] The hackers were able to obtain valid security certificates, which allowed them to show the "secure" https to customers logging into the bank. They also took over the bank's email system, which prevented the bank from notifying customers. They even controlled cash machine ATMs, redirecting transactions to hacker owned servers. [4] Although the hackers remain at large, they are suspected of being Brazilian because of snippets of Portuguese in the code used to take over the bank.[4]

References

  1. 1 2 3 "BRSR6 (BANRISUL PNB) - Cotaусo, Balanуos, Histзrico de Lucros, Indicadores, Opiniшes". GuiaInvest. Retrieved 2011-03-15.
  2. ↑ "Site do banco Banrisul é redirecionado para página falsa - G1 - Tecnologia e Games - Segurança Digital".
  3. ↑ "Brazilian bank hacked, loses control of its online presense". 5 April 2017.
  4. 1 2 "An Unprecedented Heist Hijacked a Brazilian Bank’s Entire Online Operation - WIRED". www.wired.com.

Media related to Banrisul at Wikimedia Commons

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.