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August 03, 2015 10:10 AM ET

Banks

Company Overview of Caixa Econômica Federal

Company Overview

Caixa Econômica Federal operates as a financial institution in Brazil and internationally. The company offers banking services, including administration of funds and investment portfolios; and foreign exchange transactions, consumer credit, and real estate and rural credit. It is also involved in the intermediation of securities; credit and debit card transactions; provision of insurance and private pension services; and capitalization and management of consortiums. The company was founded in 1861 and is headquartered in Brasilia, Brazil.

SBS Quadra 4 Lotes 3 E 4

Edificio Sede 21 Andar

Brasilia, DF 

Brazil

Founded in 1861

Phone:

55 61 3414 9816

Fax:

55 61 3414 9732

Key Executives for Caixa Econômica Federal

Chief Executive Officer and Director
Age: 59
Vice President of Finance and Director
Age: 65
Vice President of Personnel Management and Director
Age: 69
Vice President of Individuals and Director
Age: 54
Vice President of Third-Party Assets and Director
Age: 46
Compensation as of Fiscal Year 2015.

Caixa Econômica Federal Key Developments

Caixa To Dispose Defaulted Loans

Caixa Econômica Federal is nearing the end of negotiations over the sale of up to BRL 5.9 billion worth of bad loans, Reuters reported on Monday, citing three people familiar with the matter. The company is looking to dispose of two pools of defaulted consumer and small enterprise loans. The bank is talking to investors specializing in distressed assets and may complete the two transactions in the first half of July, one of the sources told Reuters. According to this and a second source, Caixa has approached as many as five distressed debt specialists and some of them have tabled their offers. Potential buyers include Paschoalotto Serviços Financeiros Ltda., Graca Participacoes, Recovery do Brasil Consultoria S.A. and RCB Investimentos S.A., the sources said.

CEF To Raise BRL 30 Million Via Caixa Seguros IPO

Caixa Econômica Federal will formalise next to the securities and exchange commission CVM the application for floating capital of Caixa Seguros S.A. in the next few weeks. The floating of 1/3rd of capital of Caixa Seguros will raise BRL 30 billion. Caixa Econômica's Board approved a plan to sell 25% of the stock in Caixa Seguros to investors. The government has said it wants to sell the stock in Caixa Seguros.

Government Reportedly Planning To Launch IPO Of Caixa Seguros

The government is reportedly planning to launch an IPO of Caixa Econômica Federal's business, Caixa Seguros S.A., in November this year.

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