February 26, 2017 4:35 PM ET


Company Overview of Banco Safra S.A.

Company Overview

Banco Safra S.A. provides various commercial banking services in Brazil. The company offers real estate loans; and foreign exchange, credit, financing and investment, and leasing services. It is also involved in the various insurance operation, credit card, private pension, securities brokerage and distribution, investment funds management, and managed portfolios, as well as securities underwriting, trade finance, asset management, and treasury operations. The company is headquartered in São Paulo, Brazil. Banco Safra S.A. is a subsidiary of J. Safra Sarasin Holding AG.

Av. Paulista 2.100

São Paulo, SP 


5,876 Employees

Key Executives for Banco Safra S.A.

President of the Board, Vice President of Administration Board and Chief Executive Officer
Age: 59
Member of Administration Board and Director
Age: 67
President of Administration Board
Age: 82
Member of Administration Board
Member of Administration Board
Compensation as of Fiscal Year 2016.

Banco Safra S.A. Key Developments

Banco Santander Reportedly Seeks To Acquire Citigroup's Retail Assets In Brazil

Banco Santander (Brasil) S.A. (BOVESPA:SANB4) hired Morgan Stanley as an adviser to help it buy retail assets in Brazil from Citigroup Inc. (NYSE:C) for $350 million to $450 million, according to three people with knowledge of the matter. Santander is working with Credit Suisse Group AG, other people said last week, asking not to be identified discussing private talks. The Spanish company didn’t make a bid for Citigroup’s Colombia unit, which is also for sale, and is working with a Lazard Ltd. venture to advise on its proposal to buy Citigroup’s assets in Argentina, the people said. Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) and Banco Safra S.A. the lender owned by billionaire Joseph Safra, bid only for the Brazilian assets, according to the people. No firm is seeking all three, the people said. Santander didn’t respond to a request for comment. Representatives of Citigroup and Morgan Stanley declined to comment.

Citigroup Seeks To Sell Brazil Retail Operations

Citigroup Inc. (NYSE:C) is planning to divest its retail operations in Brazil. The sale of Citigroup Inc.'s retail operations in Brazil is expected to happen by September 2016, Reuters reported, citing Banco Citibank SA's Chief Country Officer Helio Magalhães.“The announcement of the sale should come out in the next three months”, Helio Magalhães quoted. The contenders for the Brazilian unit are Itaú Unibanco Holding S.A. (BOVESPA:ITUB4), Banco Santander, S.A. (BME:SAN) and Banco Safra S.A.

Citigroup Reportedly Receives Bid For Latin America Operations

Citigroup Inc. (NYSE:C) has received bids for its Latin America operations. Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) and Banco Safra S.A. are only pursuing Citigroup's Brazilian operations which include Banco Citibank S.A., while Banco Santander (Brasil) S.A. (BOVESPA:SANB4) is seeking Citigroup's operations in Argentina, Colombia and Brazil. Itaú Unibanco, Banco Santander and Banco Safra have submitted non-binding offers to acquire Citigroup's retail operations in Latin America.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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