Banpará

{{Infobox company

| name = Banco do Estado do Pará S.A.

| image = Banpara_logo.png

| image_size = 250px

| image_alt = Banpará's corporate logo.

| former_name = Banco do Estado do Pará (1959-1979)

| type = Sociedade Anônima

| traded_as = {{B3 (stock exchange)|cvm=1171|BPAR3}}

| area_served = Pará

| key_people = Ruth Mello (CEO){{cite web|url=https://ri.banpara.b.br/a-companhia/estrutura-organizacional|website=ri.banpara.b.br|language=pt-BR|access-date=2022-08-26|title=Estrutura Organizacional}}

| industry = Banking, Financial services

| products = Investment banking
Retail Banking
Credit cards

| revenue = {{increase}} R$ 2.053 billion (2021){{cite news| url=https://ri.banpara.b.br/central-de-resultados/divulgacao-de-resultados/ |language=pt-BR|work=Banpará|title=Divulgação de Resultados}}

| net_income = {{decrease}} R$ 241.28 million (2021)

| assets = R$ 12.52 billion (2021)

| foundation = {{start date and age|30 November 1959}}

| location = Belém, Brazil

| homepage = {{url|https://www.banpara.b.br}}

}}

File:Banpará - panoramio (1).jpg

Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government.{{Cite web|url=http://ri.banpara.b.br/conteudo_en.asp?idioma=1&conta=44&tipo=63716|title=History|website=ri.banpara.b.br|language=en-us|access-date=2019-12-12}} Its primary activity is supporting the banking needs of the state government and its employees’.{{Cite web|url=https://www.moodys.com/research/Moodys-affirms-Banpars-ratings-outlook-stable--PR_334590|title=Moody's affirms Banpará's ratings; outlook stable|date=2015-09-25|website=Moodys.com|language=en|access-date=2019-12-12}}

Controversies

The bank was the centerpoint of a 1984 scandal which saw over 10 million dollars siphoned away from its coffers into bank accounts controlled by the then-governor, Jader Barbalho, and his associates.{{Cite web|url=https://www1.folha.uol.com.br/fsp/brasil/fc2406200102.htm|title=Folha de S.Paulo - Caso Banpará: Jader recebeu mais de 50% de desvio, aponta relatório - 24/06/2001|website=www1.folha.uol.com.br|language=pt-BR|access-date=2019-12-12}}{{Cite web|url=https://politica.estadao.com.br/noticias/geral,procuradores-pressionados-a-reabrir-caso-banpara,20010430p37206|title=Procuradores pressionados a reabrir caso Banpará - Política|website=Estadão|language=pt-BR|access-date=2019-12-12}} The accusation involved the CEO, a political ally of Barbalho, and the financial director, both banned from working in the financial sector for 10 and 3 years, respectively.{{Cite web|url=https://politica.estadao.com.br/noticias/geral,bc-explica-atuacao-no-caso-banpara,20010718p38855|title=BC explica atuação no caso Banpará|website=politica.estadao.com.br|language=pt-BR|access-date=2019-12-12}}

References