Banco Do Nordeste
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Banco Do Nordeste
Banco do Nordeste ( en, Bank of Northeast) is a Brazilian regional development bank headquartered in Fortaleza, Ceará. The bank was founded in 1952 and today has 300 bank branches and that allied to the work of the Development Agents and Agencies Travelers, allow the Bank to be present in about 2000 cities in all states of the Northeast region of Brazil and in the North region of states of Minas Gerais Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally ... and Espírito Santo. The bank is a financial institution organized under the form of mixed economy company, publicly traded, with over 90% of its capital under the control of the Federal Government and is the largest institution in Latin America focused on regional development. Currently Banco do Nordeste is responsible for managi ...
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Fortaleza
Fortaleza (, locally , Portuguese for ''Fortress'') is the state capital of Ceará, located in Northeastern Brazil. It belongs to the Metropolitan mesoregion of Fortaleza and microregion of Fortaleza. It is Brazil's 5th largest city and the twelfth richest city in the country in GDP. It also has the third richest metropolitan area in the North and Northeast regions. It is an important industrial and commercial center of Brazil, the nation's eighth largest municipality in purchasing power. According to the Ministry of Tourism, the city reached the mark of second most desired destination of Brazil and fourth among Brazilian cities in tourists received. The BR-116, the most important highway of the country, starts in Fortaleza. The municipality is part of the Common Market of Mercosur Cities, and also the Brazilian state capital which is closest to Europe, from Lisbon, Portugal. To the north of the city lies the Atlantic Ocean; to the south are the municipalities of Pacatuba, E ...
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Ceará
Ceará (, pronounced locally as or ) is one of the 26 states of Brazil, located in the northeastern part of the country, on the Atlantic coast. It is the eighth-largest Brazilian State by population and the 17th by area. It is also one of the main tourist destinations in Brazil. The state capital is the city of Fortaleza, the country's fourth most populous city. The state has 4.3% of the Brazilian population and produces 2.1% of the Brazilian GDP. Literally, the name ''Ceará'' means "sings the jandaia". According to José de Alencar, one of the most important writers of Brazil and an authority in Tupi Guaraní, ''Ceará'' means turquoise or green waters. The state is best known for its extensive coastline, with of sand. There are also mountains and valleys producing tropical fruits. To the south, on the border of Paraíba, Pernambuco and Piauí, is the National Forest of Araripe. Geography Ceará has an area of . It is bounded on the north by the Atlantic Ocean, ...
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Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area and the seventh most populous. Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 States of Brazil, states and the Federal District (Brazil), Federal District. It is the largest country to have Portuguese language, Portuguese as an List of territorial entities where Portuguese is an official language, official language and the only one in the Americas; one of the most Multiculturalism, multicultural and ethnically diverse nations, due to over a century of mass Immigration to Brazil, immigration from around the world; and the most populous Catholic Church by country, Roman Catholic-majority country. Bounded by the Atlantic Ocean on the east, Brazil has a Coastline of Brazi ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ...
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International Financial Institutions
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system. Types Multilateral Development Banks A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advice to enhance development. An MDB has many members, including developed donor countries and developing borrower cou ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Brazilian Government
The politics of Brazil take place in a framework of a federal presidential representative democratic republic, whereby the President is both head of state and head of government, and of a multi-party system. The political and administrative organization of Brazil comprises the federal government, the 26 states and a federal district, and the municipalities. The federal government exercises control over the central government and is divided into three independent branches: executive, legislative and judicial. Executive power is exercised by the President, advised by a cabinet. Legislative power is vested upon the National Congress, a two-chamber legislature comprising the Federal Senate and the Chamber of Deputies. Judicial power is exercised by the judiciary, consisting of the Supreme Federal Court, the Superior Court of Justice and other Superior Courts, the National Justice Council and the Regional Federal Courts. The states are autonomous sub-national entities with the ...
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Northeast Region, Brazil
The Northeast Region of Brazil ( pt, Região Nordeste do Brasil; ) is one of the five official and political regions of the country according to the Brazilian Institute of Geography and Statistics. Of Brazil's twenty-six states, it comprises nine: Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco, Alagoas, Sergipe and Bahia, along with the Fernando de Noronha archipelago (formerly a separate territory, now part of Pernambuco). Chiefly known as ''Nordeste'' ("Northeast") in Brazil, this region was the first to be colonized by the Portuguese and other European peoples, playing a crucial role in the country's history. ''Nordestes dialects and rich culture, including its folklore, cuisines, music and literature, became the most easily distinguishable across the country. To this day, ''Nordeste'' is known for its history and culture, as well as for its natural environment and its hot weather. ''Nordeste'' stretches from the Atlantic seaboard in the northeast ...
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Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally "Beautiful Horizon"), is a major urban and finance center in Latin America, and the sixth largest municipality in Brazil, after the cities of São Paulo, Rio de Janeiro, Salvador, Brasília and Fortaleza, but its metropolitan area is the third largest in Brazil with just over 5.8 million inhabitants, after those of São Paulo and Rio de Janeiro. Nine Brazilian presidents were born in Minas Gerais, the most of any state. The state has 10.1% of the Brazilian population and is responsible for 8.7% of the Brazilian GDP. With an area of —larger than Metropolitan France—it is the fourth most extensive state in Brazil. The main producer of coffee and milk in the country, Minas Gerais is known for its heritage of architecture and colonia ...
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Espírito Santo
Espírito Santo (, , ; ) is a state in southeastern Brazil. Its capital is Vitória, and its largest city is Serra. With an extensive coastline, the state hosts some of the country's main ports, and its beaches are significant tourist attractions. The capital, Vitória, is located on an island, which borders the municipalities of Vila Velha, Cariacica and Serra. These municipalities plus the outer cities of Fundão and Guarapari constitute the state's main metro area. In the northern extremes of Espírito Santo is Itaúnas, in the municipality of Conceição da Barra, which is a tourist location known for its sand dunes and forró tradition. The Captaincy of Espírito Santo was carved out of the Captaincy of Bahia in the 18th century, during the colonial rule of Brazil, and named after a 16th-century captaincy covering roughly the same area of coast. Following the elevation of Brazil to a constituent kingdom of United Kingdom of Portugal, Brazil and the Algarves in 1815 ...
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Companies Based In Ceará
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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