Banco Safra
 | This article needs additional citations for verification. (July 2007) |
Parent Safra Group | | |
| Subsidiaries | Bank Sarasin | |
|---|---|---|
| Website | www.safra.com.br | |
Banco Safra is a Brazilian
History
The Safra family's history in banking originated with caravan trade between Aleppo, Alexandria and Istanbul during the Ottoman Empire. With the collapse of the Ottoman Empire after the First World War the Safras moved to Beirut. The Safras decided to move to Brazil in 1952. In the 1960s, Joseph Safra and his father, Jacob Safra, founded Banco Safra, S.A. Most of the Brazilian Sephardic Syrian Jewish community established themselves as retail or wholesale merchants. After having established many financial institutions in Lebanon's capital, Beirut in the 1950s, the Safras set up a small specialized bank which originated letters of credit between Sephardic importers and major banks. From this base they grew via the acquisition and opening of new branches.
In 2012 Joseph Safra purchased the remaining shares of Banco Safra, Safra National Bank of New York and Banque Safra-Luxembourg S.A. from his brother, Moise Safra.[1][2]
Operations
A full-service
See also
- Safra Group
- Bank Jacob Safra Switzerland
- Safra National Bank of New York
- J. Safra Sarasin
- Joseph Safra
- Edmond Safra
References
- ^ "Filhos de Joseph Safra assumem comando do banco no Brasil". Valor Econômico (in Brazilian Portuguese). 7 December 2012. Retrieved 6 January 2023.
- ^ "Joseph Safra". Forbes. Retrieved 22 November 2018.
- ^ Celestino, Marcelo (3 April 2020). "Banco Safra - 4º maior banco de controle privado do País". Digital Seguro (in Brazilian Portuguese). Retrieved 14 June 2023.
External links
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| National | |
| Other | |
