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October 06, 2015 1:51 PM ET


Company Overview of Banco Central do Brasil

Company Overview

Banco Central do Brasil operates as an autonomous federal government institution that forms part of the National Financial System. The company performs various functions of the government bank, including controlling foreign trade operations; executing foreign exchange operations on behalf of public sector enterprises and the National Treasury; executing the rules set forth by the Currency and Credit Superintendence (SUMOC), as well as the Bank for Agricultural, Industrial, and Commercial Credit; and receiving reserve requirements and voluntary deposits of commercial banks. It also operates as a currency issuing bank and the government’s financial agent. The company was founded in 1964 and is...

Setor Bancário Sul

Quadra 3

Bloco B

Brasilia, DF 70074-900


Founded in 1964


55 61 3414 1414

Key Executives for Banco Central do Brasil

Head of Accounting and Financial Department
Executive Secretariat
Head of Administration
Head of International Affairs and Risk Management
Head of Supervision
Compensation as of Fiscal Year 2015.

Banco Central do Brasil Key Developments

Diana Webster Joins Central Bank as Vice President, Retail Banking Officer in Northern Kentucky

Diana Webster has joined Central Bank as vice president, retail banking officer in Northern Kentucky. She will be working out of the Turfway office in Northern Kentucky.

Central Bank Promotes Angela M. Friesz and Philip C. Rochester to Assistant Vice Presidents, Retail Banking

Central Bank announced that Angela M. Friesz and Philip C. Rochester have been promoted to assistant vice presidents, retail banking.

Argentine Judge Rejects Citibank Injunction Against CEO Suspension

A federal judge in Argentina has thrown out an injunction plea by Citigroup Inc.'s local Citibank NA unit against the central bank's decision to suspend its CEO, Gabriel Ribisich, from his duties. In her decision, Judge Claudia Rodríguez Vidal cited the "general nature and imprecision" of Citibank's request, arguing that the bank failed to demonstrate that its normal functioning would be threatened by the suspension. On April 1, the central bank said it would no longer allow Ribisich to represent the bank, accusing him of breaking Argentine law by taking part in a deal between Citibank's parent, Citigroup, and U.S. vulture funds suing Argentina over its defaulted bonds. In addition to Citibank's appeal, Ribisich's lawyers have filed their own suit, alleging that the decision is an "illegitimate and arbitrary violation" of his right to work at Citibank.

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