Draft:Banco Sulbrasileiro
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| Company type | S.A. (corporation) |
|---|---|
| Industry | Financial services |
| Predecessor | Banco da Província Banco Industrial e Comercial do Sul |
| Founded | 1972 |
| Defunct | 1985 |
| Successor | Banco Meridional |
| Headquarters | Porto Alegre, Rio Grande do Sul,  Brazil |
Area served | Branches throughout Brazil |
Banco Sul Brasileiro S/A was a Brazilian bank created in 1972 with the merger of Banco Nacional do Comércio (Banmercio), Banco da Província and Banco Industrial e Comercial do Sul (Sulbanco),[1][2][3] with regulatory oversight from the Brazilian government.[4]
Organizational composition
[edit]After the merger, the executive board comprised 11 members: president, vice president, and three directors from Banmercio, four from Sulbanco, one from Banco da Província, and one without affiliation to any specific institution.[4] The directors of Banmércio, the first to be controlled by the Montepio da Família Militar, assumed key positions.[4] The closure of some branches resulted in a redistribution of employees across the remaining locations.[4]
Bank branches throughout Brazil
[edit]Over the next ten years, the bank expanded its operations in Brazil, with 55 branches closing in Rio Grande do Sul, and new branches opening in São Paulo (37), Rio de Janeiro (10), Minas Gerais (12), Santa Catarina (5), Paraná (5), and other states (23). By the end of 1982, the bank had 379 branches, 37 more than at the time of the merger.[4] In subsequent years, until the intervention, the number of branches remained stable.[4]
Negotiations and intervention
[edit]The bank faced several operational challenges. In 1981 it was the seventh largest branch network in the country, but 15th in deposits; it had low profitability; huge permanent assets; low productivity; and a low-quality credit portfolio.[4] In 1985, economist Eduardo Maldonado Filho wrote the following comment on the efficiency of Banco Sulbrasileiro for the journal Ensaios FEE:[3]
In 1981, Sulbrasileiro's return on equity was 9.7%, while the average rate for the sector was 22.8%. In 1982, the performance figures were 6.0% and 21.2% respectively, while for 1983, according to data from the magazine Melhores e Maiores (1983), the situation was as follows: 6.7% and 17.62% respectively. The differences in profitability rates reveal, even at first glance, the poor performance of Banco Sulbrasileiro.[3]
At the beginning of 1984, it began negotiations to join forces with the Habitasul Group and later with the Brasilinvest Group, owned by Mário Garnero, but these did not progress. On February 7, 1985, Sulbrasileiro was intervened by the Central Bank of Brazil due to liquidity problems. During this same period, other banks also had liquidity problems and suffered intervention, extrajudicial liquidation, or incorporation. Examples include Habitasul and Brasilinvest, which had tried to merge with Sulbrasileiro, Banco Auxiliar de São Paulo, Banco de Comércio e Industria do Estado de São Paulo (Comind), Banco Habitasul S/A, Banco Maisonnave, Banco Nacional (absorbed by Unibanco), and Bamerindus (sold to HSBC).[2][4]
Extinction
[edit]In May of 1985 the Federal Government created Banco Meridional do Brasil S/A, expropriating Sulbrasileiro's shares through a federal decree-law No. 7315/1985[5] and other measures, leading to the bank's extinction.[6][4] As part of its assets, Banco Meridional received around 15,000 items from Sulbrasileiro, including 5,000 plots of land on ten beaches and 80,000 to 90,000 hectares of rural property.[4]
See also
[edit]References
[edit]- ^ Corazza, Gentil (2002). Sistema Financeiro (e desenvolvimento) do Rio Grande do Sul [Rio Grande do Sul's financial system (and development)] (PDF) (in Portuguese). Porto Alegre: Ensaios FEE. Archived from the original (PDF) on 2023-11-12.
- ^ a b "Sulbrasileiro, 1977-1994 | Arquivo Histórico Sindbancários - AHSBPOA" [Sulbrasileiro, 1977-1994 | Sindbancários Historical Archive - AHSBPOA]. Arquivo Histórico Sindbancários - AHSBPOA. Archived from the original on 2024-12-08. Retrieved 2024-12-08.
- ^ a b c Maldonado Filho, Eduardo (1985). "Algumas considerações sobre as causas da crise do Banco Sulbrasileiro" [Some thoughts on the causes of the Banco Sulbrasileiro crisis]. Enasios FEE. 6 (2). Archived from the original on 2022-08-08.
- ^ a b c d e f g h i j Garcia, Darcy (1990). O Sistema Financeiro do Rio Grande do Sul: Da criação da Caixa Econômica Estadual ao surgimento dos Bancos Múltiplos [The Financial System of Rio Grande do Sul: From the creation of Caixa Econômica Estadual to the emergence of Multiple Banks] (PDF) (in Portuguese). Porto Alegre: Universidade Federal do Rio Grande do Sul. Archived from the original (PDF) on 2023-12-21.
- ^ "LEI No 7.315, DE 24 DE MAIO DE 1985" [LAW No. 7.315, OF MAY 24, 1985]. Casa Civil: Subchefia para Assuntos Jurídicos. 1985-05-24. Archived from the original on 2024-06-20. Retrieved 2024-12-08.
- ^ "Sulbrasileiro: acionistas não serão indenizados" [Sulbrasileiro: shareholders will not be compensated]. Justiça Federal: Conselho de Justiça Federal. 2015-06-11. Archived from the original on 2022-09-24. Retrieved 2024-12-08.