August 01, 2014 9:40 PM ET

Banks

Company Overview of Banco Safra S.A.

Company Overview

Banco Safra S.A., together with its subsidiaries, provides various financial services in Brazil. Its activities include traditional lending operations, as well as leasing, securities underwriting, investment fund management, brokerage, insurance, financing and investment, and credit card operations. The company also engages in foreign exchange, credit, commercial leasing, trade financing, asset management, and treasury operations; brokerage and distribution of securities; management of credit cards and investment funds; and managed portfolios. Banco Safra S.A. is headquartered in São Paulo, Brazil.

Av. Paulista, 2100

São Paulo, SP 01310-930

Brazil

Phone:

55 11 3175 7575

Key Executives for Banco Safra S.A.

President of The Board
Member of Administration Board and Director
Age: 65
President of Administration Board
Age: 80
Member of Administration Board
Member of Administration Board
Compensation as of Fiscal Year 2014.

Banco Safra S.A. Key Developments

Banco Safra S.A. Presents at JPMorgan 5th Annual Emerging Markets Corporate Conference, Feb-24-2014

Banco Safra S.A. Presents at JPMorgan 5th Annual Emerging Markets Corporate Conference, Feb-24-2014 . Venue: Ritz-Carlton, One Lincoln Road, Miami Beach, Florida, United States.

Banco Safra's Unit Reportedly To Acquire HSBC's Monaco Unit; HSBC Mulls To Sell Swiss Private Bank

A unit of Banco Safra S.A. has approached HSBC Holdings plc (LSE:HSBA) in order to acquire its Monaco private bank, three people with knowledge of the situation said. HSBC Holdings is also seeking to sell Swiss private bank, people added. The Monaco unit may be valued at $600 million to $700 million, one of the people said, asking not to be identified as the details are private. HSBC has also made informal approaches to potential buyers for parts of its Swiss private bank over the past month, one of the people said. No final decision has been made on either unit, the people added. A spokesman for HSBC in Zurich declined to comment. HSBC's shares fell 1.1% to 692 pence.

Generali Reportedly Not Got Enough Bids For BSI

Assicurazioni Generali S.p.A. (BIT:G) has not got bids of substantial amount it expected for BSI SA, four people familiar with the situation said. BSI attracted bids below its estimated CHF 2.3 billion book value, people added. A consortium made up of Apollo Global Management, LLC (NYSE:APO) and Bankinter, S.A. (CATS:BKT) which is seen as the frontrunner to buy BSI, also offered substantially less than Generali estimate in 2012 of its worth, two of the people with direct knowledge of the matter said. Generali is now left with two options selling BSI for less than it thinks is its underlying value, or calling the sale off, sources added. Also, one of the sources added that Generali could decide to call off the sale and explore other options such as a public listing of BSI. Also, Banco Safra S.A. and Hony Capital (Beijing) Co., Ltd., earlier expressed an interest for BSI. It is however not clear if they are still interested, the sources said. Safra declined to comment, Hony Capital was not immediately available for comment. Generali, Bankinter and Apollo declined to comment to Reuters.

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