page_title: Banif Financial Group
section_title: Subsidiaries
hierarchical_section_title: Banif Financial Group / Subsidiaries
caption_attribution_description: English: Banif Bank building at Savassi av., Belo Horizonte, Brazil Português: Edifício do Banif na Av. Savassi, Belo Horizonte, Brasil
context_page_description: Banif Financial Group was a state-owned Portuguese international financial services group associated with the Banco Internacional do Funchal. In December 2015 Banco Santander Totta, a subsidiary of Santander Group agreed to buy lending operations of Portugal’s Banif-Banco Internacional do Funchal SA for 150 million euros. The company had a presence in Europe, South America, North America, Africa and Asia.
context_section_description: Banif consisted 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 Financial Services, Inc. (2001)
  Banif Mortgage Company (2002)
caption: Banif in Belo Horizonte.
exif: {"Image ImageDescription": "", "Image Make": "SONY", "Image Model": "DSC-S700", "Image Orientation": "Horizontal (normal)", "Image XResolution": "314", "Image YResolution": "314", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "Microsoft Windows Photo Gallery 6.0.6000.16386", "Image DateTime": "2009:02:17 16:41:08", "Image YCbCrPositioning": "Co-sited", "Image ExifOffset": "290", "Image PrintIM": "[80, 114, 105, 110, 116, 73, 77, 0, 48, 51, 48, 48, 0, 0, 2, 0, 2, 0, 1, 0, 0, 0, 1, 1, 1, 0, 0, 0]", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "1/96", "Thumbnail YResolution": "1/96", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "14896", "Thumbnail JPEGInterchangeFormatLength": "6323", "EXIF ExposureTime": "1/400", "EXIF FNumber": "28/5", "EXIF ExposureProgram": "Program Normal", "EXIF ISOSpeedRatings": "100", "EXIF ExifVersion": "0221", "EXIF DateTimeOriginal": "2009:02:17 15:09:46", "EXIF DateTimeDigitized": "2009:02:17 15:09:46", "EXIF ComponentsConfiguration": "YCbCr", "EXIF CompressedBitsPerPixel": "8", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "3", "EXIF MeteringMode": "Pattern", "EXIF LightSource": "Unknown", "EXIF Flash": "Flash did not fire, compulsory flash mode", "EXIF FocalLength": "29/5", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "1536", "EXIF ExifImageLength": "2048", "Interoperability InteroperabilityIndex": "R98", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "EXIF InteroperabilityOffset": "14744", "EXIF FileSource": "Digital Camera", "EXIF SceneType": "Directly Photographed", "EXIF CustomRendered": "Normal", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF SceneCaptureType": "Standard", "EXIF Saturation": "Normal", "EXIF Sharpness": "Normal", "EXIF OffsetSchema": "44"}