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Formerly | Banco do Estado do Pará (1959-1979) [1] |
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Company type | Sociedade Anônima |
B3: BPAR3 | |
Industry | Banking, Financial services |
Founded | 30 November 1959 |
Headquarters | Belém, Brazil |
Area served | Pará |
Key people | Ruth Mello ( CEO) [2] |
Products |
Investment banking Retail Banking Credit cards |
Revenue | ![]() |
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Total assets | R$ 12.52 billion (2021) [3] |
Website |
www |
Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government. [1] Its primary activity is supporting the banking needs of the state government and its employees’. [4]
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. [5] [6] 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. [7]
![]() | |
Formerly | Banco do Estado do Pará (1959-1979) [1] |
---|---|
Company type | Sociedade Anônima |
B3: BPAR3 | |
Industry | Banking, Financial services |
Founded | 30 November 1959 |
Headquarters | Belém, Brazil |
Area served | Pará |
Key people | Ruth Mello ( CEO) [2] |
Products |
Investment banking Retail Banking Credit cards |
Revenue | ![]() |
![]() | |
Total assets | R$ 12.52 billion (2021) [3] |
Website |
www |
Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government. [1] Its primary activity is supporting the banking needs of the state government and its employees’. [4]
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. [5] [6] 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. [7]