Company Overview of Caixa Econômica Federal
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
Founded in 1861
Key Executives for Caixa Econômica Federal
Chief Executive Officer and Director
Vice President of Finance and Director
Vice President of Personnel Management and Director
Vice President of Individuals and Director
Vice President of Third-Party Assets and Director
Compensation as of Fiscal Year 2015.
Caixa Econômica Federal Key Developments
Caixa Unit IPO Spark Investor Interest
Aug 13 15
Caixa Econômica Federal planned listing of its insurance unit is winning strong interest from investors in early marketing meetings, with some willing to anchor the deal by buying significant stakes.
IRB, Caixa Seguridade And BR Distribuidora Facing Difficulties In IPO
Aug 12 15
Political turbulence and economic crisis are making the IPO of IRB-Brasil Resseguros S.A. (IRB), Caixa Seguros S.A., the insurance business of state bank Caixa Econômica Federal and BR Distribuidora, the fuels distribution filial of Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4) very difficult. The offer of IRB is estimated at BRL 3 billion and Caixa Seguridade BRL 10 billion, with the government urgently needing this capital to balance its accounts. BR Distribuidora,, the fuels distribution filial of Petrobras is also facing some difficulties as investors are valuing the company much lower than Petrobras.
Caixa To Dispose Defaulted Loans
Jun 30 15
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.
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