Banpará

Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government.^[1] Its primary activity is supporting the banking needs of the state government and its employees’.^[4]

Banco do Estado do Pará S.A.

Formerly	Banco do Estado do Pará (1959-1979)[1]
Company type	Sociedade Anônima
Traded as	B3: BPAR3
Industry	Banking, Financial services
Founded	30 November 1959; 65 years ago (30 November 1959)
Headquarters	Belém, Brazil
Area served	Pará
Key people	Ruth Mello (CEO)[2]
Products	Investment banking Retail Banking Credit cards
Revenue	R$ 2.053 billion (2021)[3]
Net income	R$ 241.28 million (2021)[3]
Total assets	R$ 12.52 billion (2021)[3]
Website	www.banpara.b.br

Banpará headquarters building.

Controversies

The bank was the centerpoint of a 1984 scandal which saw over 10 million dollars siphoned away from its coffers into bank accounts controlled by the then-governor, Jader Barbalho, and his associates.^[5][6] The accusation involved the CEO, a political ally of Barbalho, and the financial director, both banned from working in the financial sector for 10 and 3 years, respectively.^[7]