Many people don't know that Banco Safra SA is the fourth-largest privately held bank in the country. We've compiled a wealth of information about this bank that will certainly help you learn more about it and perhaps become a client.
The bank has nothing more nothing less as total assets, the Central Bank. It operates as a multiple bank, that is, providing a wide range of financial products and services, and stands out in the Brazilian market due to the Safra family's experience and proximity to the business.
Banco Safra is part of the Safra Group.
Another important piece of information to include here is that the Bank is present in 24 countries, therefore, it is part of an international network of companies, which, based on tradition, security and conservative management of its businesses, continues to expand and diversify its operations, through investments in various ventures.
Another important piece of information: it has a service network that operates in a segmented manner and permeates the entire national territory, distributed across the main cities.
How did the Safra group start?
According to Wikipedia, in Aleppo, a major trading post, the Safra family operated in financing through the exchange of currency and precious metals. In the mid-19th century, Safra Frères et Cie was founded in Aleppo and gained recognition throughout the region.
Therefore, after its success, the group's reputation as a group of skilled financiers led the family to open branches in other cities in the Middle East.
After that, in subsequent years, Banco Safra became multiple from 1972 under the corporate name Banco Safra SA, and then it began to expand its operations in the financial market through offerings of products and services customized to the needs of its customers.
Banco Safra's online operations
With the aim of keeping up with the market, it began offering solutions in the capital and debt markets, as well as products related to payment methods, with the launch of SafraPay in 2017, becoming a virtual bank as well.
It is also worth mentioning that HSBC, a financial group based in London, he bought the former Bamerindus in Brazil, announced yesterday the acquisition of banks Republic New York Corporation, in the United States, and Harvest Republic Holding, in Europe, both owned by banker Edmond Harvest. Edmond is the brother of Joseph and Moise Harvest, owners of Safra Bank in Brazil.
What are Banco Safra's products?
Before you can learn about the products offered by Grupo Safra, you need to be a customer. So, first, see how to become a customer of the bank and then learn about its products:
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Some original documents are still requested, such as:
- CPF;
- ID;
- Proof of residence;
- Proof of income.
To the dismay of its competitors, the Bank offers a wide variety of products and services for individuals and companies and is present in 24 countries around the world.
What are they? For example, for those looking for car financing, Safra offers Safra Financeira:
Is it worth financing at Banco Safra?
According to information from Safra, it is currently possible to finance your vehicle for up to 60 months with no down payment.
Additionally, Safra offers plans like scheduled replacement, for those who want to replace their vehicle every one or two years. There's also an executive plan for those who receive semiannual or annual payments, and a farmer plan, where installments can be higher during harvest time.
What do I need to do to finance with Banco Safra? What are the fees?
The good news is that you don't need to be a current account holder to obtain vehicle financing from Banco Safra. You must be over 18, have proof of income, and have no restrictions on your registration/CPF.
According to information from the bank, Banco Safra's vehicle financing rate is around 1.63% per month.
Is it worth taking out a personal loan?
If you compare the interest rate compared to other banks, it is definitely worth it.
For example, the payroll loans offered by Banco Safra are aimed at public and private company employees and INSS retirees and pensioners.
Banco Safra payroll loan for INSS retirees and pensioners
INSS Bank loan interest rate: 1.90% per month (compare with other banks).
Typically, this amount is an average of the interest rate charged by Banco Safra for INSS loans. Another important detail: the loan amount depends on the amount of the individual's pension or retirement and how much is already committed to other loans.
What is the payment method? Direct deduction from the pension or retirement payment.
But who can hire? Only employees with formal employment contracts, as long as the company they work for has an agreement with the Safra Group.
How to contact Banco Safra?
It's not difficult; just access the portal or contact customer service at 0800-772-5755. You can get financing with one of the best rates on the market quickly and securely with Banco Safra! Or you can also ask us some questions. clicking here.
What is the value of Banco Safra shares?
You need to get information from Safra Corretora – What makes the bank different?
You might think that the products and services offered by Safra Corretora are found at other brokerages. But the company believes that everything about the company, from its principles to its history, sets it apart.
To find out more information about the Bank's shares. Click here.
What is the Bank's revenue?
It's important to note that the information below is based on Banco Safra's official website. Therefore, if you have any questions, please consult the official website.
| Assets | R$182.2 billion (March 31, 2019) |
| Profit | R$1.5 billion (2018) R$1.544 million (Q1 2019) |
How to work at Banco Safra?
The Bank's selection process is similar to that of most large private banks; you must have training in the position you're applying for. A degree in finance is highly desirable, as are qualifications in mathematics, computer science, and IT.
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