Alfa Bank is a Brazilian commercial bank based in São Paulo. The bank's president is Aloysio de Andrade Faria.

Banco Alfa
IndustryBank
Founded1925; 99 years ago (1925)
Headquarters,
Brazil
Key people
Aloysio de Andrade Faria (President)
Number of employees
501 - 1000

History

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The bank dates to 1925, when it was founded as Banco da Lavoura de Minas Gerais, whose name was changed in 1972 to Banco Real. In 1998 its controlling interest was sold to ABN AMRO. The financial companies that weren't sold became Alfa Financial Conglomerate, which later merged with Alfa Bank.

The company was acquired in November 2022 by Banco Safra.[1]

References

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  1. ^ "Brazil's Banco Safra buys Alfa financial conglomerate for $192 mln". Reuters. Retrieved 2022-11-29.
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