Banco Internacional Do Funchal
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Banco Internacional Do Funchal
Banif Financial Group ( pt, Banif - Grupo Financeiro) was a Portuguese international financial services group associated with Banco Internacional do Funchal. The company had a presence in Europe, South America, North America, Africa and Asia. In 2015, it was bailed-out by the Portuguese state and sold to Santander Group. History Banif was founded and incorporated by Horácio Roque on 15 January 1988 and took over all of the assets and liabilities of the defunct Caixa Económica do Funchal. In 1995, it opened offices in Caracas, Venezuela and South Africa; in 1996 in São Paulo, Brazil; and in 2008 in San Ġiljan, Malta. In the wake of the Portuguese sovereign debt and banking crisis, Banif was one among a number of Portuguese banks which were nationalized in order to be rescued by the government. In December 2015, as part of a 2,2 billion euro bailout and restructuring, the Portuguese government sold the remainder of Banif's assets to Banco Santander Totta, the Portuguese subsi ...
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Funchal
Funchal () is the largest city, the municipal seat and the capital of Portugal's Madeira, Autonomous Region of Madeira, bordered by the Atlantic Ocean. The city has a population of 105,795, making it the sixth largest city in Portugal. Because of its high cultural and historical value, Funchal is one of Portugal's main tourist attractions; it is also popular as a destination for New Year's Eve, and it is the leading Portuguese port on cruise liner dockings. Etymology The first settlers named their settlement Funchal after the abundant wild fennel that grew there. The name is formed from the Portuguese language, Portuguese word for fennel, ''funcho,'' and the suffix ''-al'', to denote "a plantation of fennel": History This settlement began around 1424, when the island was divided into two ''Captaincy, captaincies.'' The zones that would become the urbanized core of Funchal were founded by João Gonçalves Zarco who settled there with members of his family. Owing to its geograp ...
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North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the west and south by the Pacific Ocean. Because it is on the North American Plate, North American Tectonic Plate, Greenland is included as a part of North America geographically. North America covers an area of about , about 16.5% of Earth's land area and about 4.8% of its total surface. North America is the third-largest continent by area, following Asia and Africa, and the list of continents and continental subregions by population, fourth by population after Asia, Africa, and Europe. In 2013, its population was estimated at nearly 579 million people in List of sovereign states and dependent territories in North America, 23 independent states, or about 7.5% of the world's population. In Americas (terminology)#Human ge ...
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Banco Santander Totta
Banco Santander Totta S.A., also known as Banco Santander (Portugal), is a subsidiary of Banco Santander in Portugal. Founded in 1988, it is currently the largest private bank in Portugal. In 2000, the then Banco Totta was acquired by Santander Group, later changing its name to Banco Santander Totta. In 2004 the bank absorbed sister company Crédito Predial Português. In Portugal, the Banco Santander Totta has 670 branches (2017) of which 280 offer accessibility for people with reduced mobility and 1,898 ATM installed, which can be used by customers and non-customers, complying with the accessibility regulations. The bank currently has 6,781 employees and 4.7 million customers of which 558 thousand digital customers. In December 2015, the Banco Santander Totta purchased Banco Internacional do Funchal for 150 million euros. In June 2017, Banco Santander bought the Banco Popular Español Banco Popular Español, S.A. () was the sixth largest banking group in Spain before it was ...
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2010–13 Portuguese Financial Crisis
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by  2, although by other definitions 1 is the second natural number, following  0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is th ...
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Malta
Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies south of Sicily (Italy), east of Tunisia, and north of Libya. The official languages are Maltese and English, and 66% of the current Maltese population is at least conversational in the Italian language. Malta has been inhabited since approximately 5900 BC. Its location in the centre of the Mediterranean has historically given it great strategic importance as a naval base, with a succession of powers having contested and ruled the islands, including the Phoenicians and Carthaginians, Romans, Greeks, Arabs, Normans, Aragonese, Knights of St. John, French, and British, amongst others. With a population of about 516,000 over an area of , Malta is the world's tenth-smallest country in area and fourth most densely populated sovereign cou ...
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San Ġiljan
Saint Julian's ( mt, San Ġiljan) is a town in the Central Region of Malta. As of 2020, its registered number of inhabitants stands at 13,792. It is situated along the coast, north of the country's capital, Valletta. It is known for tourism-oriented businesses, such as hotels, restaurants and nightclubs which are centred mainly in an area known as Paceville. Etymology, feast and traditions The town is named after its patron saint; Saint Julian who is widely known as Julian the Hospitaller and Julian the Poor whereby he is the patron saint of hunters. Before the reform to the Calendar of Saints, the memorial to St Julian was on 27 January. Nowadays, it is celebrated on 12 February, although in Malta an additional feast, in the spirit of the many summer feasts around the island, is celebrated on the last Sunday of August. A very particular competition connected with the town's feast is known as ''ġostra''. This traditional competitive feat involves participants climbing and ...
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São Paulo, Brazil
SAO or Sao may refer to: Places * Sao civilisation, in Middle Africa from 6th century BC to 16th century AD * Sao, a town in Boussé Department, Burkina Faso * Saco Transportation Center (station code SAO), a train station in Saco, Maine, U.S. * SAO, the ICAO airline designator for Sahel Aviation Service, Mali * SAO, the IATA airport code for airports in the São Paulo metropolitan area, Brazil * Serb Autonomous Regions during the breakup of Yugoslavia * São Paulo, the largest city in Brazil Science * Smithsonian Astrophysical Observatory of the Smithsonian Institution in Cambridge, Massachusetts, U.S. ** Smithsonian Astrophysical Observatory Star Catalog, which assigns SAO catalogue entries * Special Astrophysical Observatory of the Russian Academy of Science (SAO RAS) Entertainment * ''Sword Art Online'', a Japanese light novel series ** ''Sword Art Online'' (2012 TV series), an anime adaptation of the light novels * Sao Sao Sao, a Thai pop music trio Other uses * ...
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South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ...
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Caracas, Venezuela
Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the northern part of the country, within the Caracas Valley of the Venezuelan coastal mountain range (Cordillera de la Costa). The valley is close to the Caribbean Sea, separated from the coast by a steep 2,200-meter-high (7,200 ft) mountain range, Cerro El Ávila; to the south there are more hills and mountains. The Metropolitan Region of Caracas has an estimated population of almost 5 million inhabitants. The center of the city is still ''Catedral'', located near Bolívar Square, though some consider the center to be Plaza Venezuela, located in the Los Caobos area. Businesses in the city include service companies, banks, and malls. Caracas has a largely service-based economy, apart from some industrial activity in its metropolitan ar ...
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Liability (accounting)
In financial accounting, a liability is defined as the future sacrifices of economic benefits that the entity is ''obliged'' to make to other entities as a result of past transactions or other ''past'' events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity t ...
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Asset
In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. Assets can be grouped into two major classes: Tangible property, tangible assets and intangible assets. Tangible ...
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