Company Overview of Caixa Econômica Federal
Caixa Econômica Federal operates as a financial institution in Brazil and internationally. It engages in banking activities, such as raising and investing funds in various operations related to commercial portfolio, foreign exchange transactions, credit to consumers, real estate, and rural credit. It is also involved in the provision of banking services, including administration of funds and investment portfolios, and social nature, as well as intermediation of securities, credit, and debit card transactions. In addtion, the company operates in the insurance, private pension plan, capitalization, and consortium management businesses, as well as issues debt bonds. Further, it carries out inco...
SBS Quadra 4 Lotes 3 E 4
Edificio Sede 21 Andar
Founded in 1861
Key Executives for Caixa Econômica Federal
Vice President of Finance and Director
Accounting Head of Department
Vice President of Individuals and Director
Vice-President and Director
Compensation as of Fiscal Year 2016.
Caixa Econômica Federal Key Developments
Caixa Reportedly Eyes BTG's Stake In Banco Pan
Apr 27 17
Caixa Econômica Federal is considering buying the stake that local investment bank Banco BTG Pactual S.A. owns in Banco Pan S.A. Earlier this month, the federal police started an investigation into potential wrongdoings in the purchase of shares in Banco Pan by Caixa, which took place in 2009. Caixa denies any wrongdoing. Before making an offer for BTG's stake, Caixa executives will analyze the evolution of the police investigation and its potential impact on the Banco Pan deal.
Caixa Econômica Federal To Sell Its Assets
Oct 19 16
Caixa Econômica Federal is looking to sell its assets to avoid having to seek a capital injection from the government in 2018. Caixa Econômica Federal is also planning to sell Lotex lotteries division.
Caixa Seeks IPOs
Sep 6 16
Caixa Econômica Federal is planning initial public offerings (IPOs) of its insurance and credit card units in 2017, a source with direct knowledge of the matter said. The priority will be the listing of insurance unit Caixa Seguridade Participações S.A., the source said, after a delay last year due to market conditions. At the time, the state lender expects to raise up to 7.5 billion raise with the deal. The share sales would help to capitalize Caixa at a time when Government of the Federative Republic of Brazil's tight federal budget has little room for further capital injections. Moody's Investors Service said in a recent report that Caixa may need up to 17.5 billion raise in fresh capital. Before filing for the IPO with regulators, Caixa wants to conclude negotiations on a 20-year extension of an exclusivity contract with CNP Assurances SA (ENXTPA:CNP) to sell insurance in Caixa branches beyond 2021, the source said. An alternative would be to divide the contract into different exclusivity agreements for each insurance product, according to the source. Caixa is also looking to group its credit card activities into a new company, which would also be listed, said the source. A new company to manage the scratch-tickets business is also being created and Caixa may sell a majority stake in it, the source added.
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