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May 22, 2015 6:31 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: 58
Vice President of Finance and Director
Age: 64
Vice President of Personnel Management and Director
Age: 68
Vice President of Individuals and Director
Age: 53
Vice President of Third-Party Assets and Director
Age: 45
Compensation as of Fiscal Year 2014.

Caixa Econômica Federal Key Developments

Caixa Wants Insurance Unit IPO In 2015

Caixa Econômica Federal plans to list its insurance unit in 2015 on the São Paulo Stock Exchange, Joaquim Levy, Finance Minister, said. The government, which owns 100% of Caixa, will conduct a feasibility study on an initial public offering of Caixa Seguridade, as the unit will be called, Levy said.

Caixa Seguros Is Reportedly Considered For Listing

Brazil's government has given up plans to hold an initial public offering of state-run mortgage lender Caixa Econômica Federal in favor of an IPO of bank's insurance unit Caixa Seguros S.A., Valor Economico newspaper reported on March 9, 2015. Plans to list shares of Caixa were unveiled by President Dilma Rousseff in December 2014 as the government seeks to raise funds to patch a growing budget deficit. A spokeswoman at Brazil's Finance Ministry said she had no comment on the report and representatives for Rousseff's office were not immediately available to comment on Valor's story, reported Reuters.

Caixa Reportedly Selling Consumer Distressed Loans

Caixa Econômica Federal is considering selling a pool of distressed consumer loans to investors, the first step in a broader plan to get rid of bad loans and free up capital, a source said. About BRL 3 billion worth of defaulted loans could be sold to funds that specialize in dealing with distressed assets, the source said.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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