Banif SGPS (BNF)

As of December 17, 2012, Banif SGPS, SA was acquired by Banif - Banco Internacional do Funchal, S.A. Banif SGPS, SA, through its subsidiaries, provides real estate, commercial banking, investment banking, insurance services, and specialized credit services in Portugal and internationally. Its real estate business engages in the marketing, rental, development, and management of real estate properties. The company also offers home loans, consumer credit, products for sole traders and small businesses, factoring, short term credit facilities, and import and export credits for personal, corporate, and institutional clients. In addition, it provides investment banking services in the areas of capital markets, investment managers, and advisory and banking services, as well as brokerage services in equities, derivatives, and commodities. Further, the company offers corporate finance services, such as financial advice on mergers and acquisitions, assessment of companies or business areas, financial restructuring, and consultancy in privatization or reprivatization processes; project finance services, which include financial consultancy services in public-private partnerships and structuring, underwriting, and investing in finance for energy and infrastructure projects; leveraged finance services; and financial consultancy at various levels for small and medium-sized enterprises. Additionally, it provides life and non life insurance products for personal and corporate clients; and manages mutual, real estate, venture capital, and special investment funds, as well as finances the acquisition of necessary equipment and property to companies and entrepreneurs. Banif SGPS, SA was founded in 1988 and was based in Lisbon, Portugal.