Banco Internacional do Funchal

Banif Financial Group () is a Portuguese international financial services group based around the bank Banco Internacional do Funchal. The company has a presence in Europe, South America, North America, Africa and Asia.

History

Banif was founded and incorporated by Horácio Roqueon 15 January 1988 and took over all of the assets and liabilities of the defunct Caixa Económica do Funchal. In 1995, it opened offices in Caracas, Venezuela and South Africa; in 1996 in São Paulo, Brazil; and in 2008 in San Ġiljan, Malta.

Subsidiaries

Banif consists of the following subsidiaries, most of which have either been incorporated or purchased:

• SGM – Sociedade Gestora de Fundos de Pensões Mundial, S.A. (1989)
• Ascor Dealer – Sociedade Financeira de Corretagem, S.A. (1989)
• Mundileasing – Sociedade de Locação Financeira, S.A. (1990)
• Mundicre – Sociedade Financeira para Aquisições a Crédito, S.A. (1991)
• Banifundos – Sociedade Gestora de Fundos de Investimento Mobiliário, S.A. (1991)
• Invesfeiras – Investimentos Imobiliários, S.A. (1991)
• Banif – Investimentos – S.G.P.S., S.A. (1992)
• Banifólio – Sociedade Gestora de Patrimónios, S.A. (1992)
• Banif – Banco Internacional do Funchal (Cayman), Ltd. (1993)
• Açoreana Seguros (1996)
• Banco Comercial dos Açores (1996)
• BanifServ Agrupamento Complementar de Empresas de Serviços, Sistemas e Tecnologias de Informação (1997)
• Banif – Banco de Investimento, S.A. (2000)
• Banif......
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