Banrisul is a Brazilian bank. It is the largest

bank A bank is a financial institution that accepts Deposit account, 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 m ...

of Southern

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

and operates primarily in the state of

Rio Grande do Sul Rio Grande do Sul (, ; ; "Great River of the South") is a Federative units of Brazil, state in the South Region, Brazil, southern region of Brazil. It is the Federative units of Brazil#List, fifth-most populous state and the List of Brazilian s ...

(RS), with a network that serves more than 365 cities. It has more than 1,312 service points, over 500 agencies and 593 ATMs in

, in the Federal District and in the states of Paraná,

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

, Santa Catarina and

São Paulo São Paulo (; ; Portuguese for 'Paul the Apostle, Saint Paul') is the capital of the São Paulo (state), state of São Paulo, as well as the List of cities in Brazil by population, most populous city in Brazil, the List of largest cities in the ...

; besides, it keeps agencies in

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

and

Grand Cayman Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town, Cayman Islands, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121 km) southwest of L ...

History

In 1927, with the accomplishment of 1º Congress of Creators, appeared the proposal of the creation of a farm loan bank. The event, carried through with all the pomp and circumstance in the "Sao Pedro Theater", in

Porto Alegre Porto Alegre (, ; , ; ) is the capital and largest city of the Brazilian Federative units of Brazil, state of Rio Grande do Sul. Its population of roughly 1.4 million inhabitants (2022) makes it the List of largest cities in Brazil, 11th-most p ...

, aimed at to analyze the problems of the state economy, with direct focus on the crisis faced for "charqueadas" and all the production related to the cattle one. Banrisul1

The arguments were strong excessively to pass unobserved for the federal government, and president Washington Luís lowered decree, authorizing the state to create a credit bank. To 10h of day 12 of September 1928, in solemnity that counted on the presence of then the president of the State,

Getúlio Vargas Getúlio Dornelles Vargas (; ; 19 April 1882 – 24 August 1954) was a Brazilian lawyer and politician who served as the 14th and 17th president of Brazil, from 1930 to 1945 and from 1951 until his suicide in 1954. Due to his long and contr ...

, was created the Bank of the

. With an initial capital of 50 a thousand réis, the main objective of the new institution was to take care of the necessities of credit of the cattle

gaucho A gaucho () or gaúcho () is a skilled horseman, reputed to be brave and unruly. The figure of the gaucho is a folk symbol of Argentina, Paraguay, Uruguay, Rio Grande do Sul in Brazil, the southern part of Bolivia, and the south of Chilean Patago ...

. As official bank, the state taxation started to soon collect of beginning all, until then received for the "Banco Pelotense" (Pelotense Bank, in English), that later was incorporated by the Banrisul. In 1969 and 1970, the institution incorporated, respectively, Banco Real de Pernambuco s.a. and the "Banco Sul do Brasil s.a." (South Bank of Brazil s.a., in English), extending its net until

Pernambuco Pernambuco ( , , ) is a States of Brazil, state of Brazil located in the Northeast Region, Brazil, Northeast region of the country. With an estimated population of 9.5 million people as of 2024, it is the List of Brazilian states by population, ...

and

Ceará Ceará (, ) is one of the 26 states of Brazil, located in the Northeast Region, Brazil, northeastern part of the country, on the Atlantic Ocean, Atlantic coast. It is the List of Brazilian states by population, eighth-largest Brazilian State by ...

, besides extending the number of existing agencies already in Santa Catarina,

and

. The opening of an agency in New York, in 1982, inserted the Banrisul in the group of international operators. The decade of 1980s marked the beginning of the automation in the services of the bank. The massive investments effected since March 1991 had placed the institution in the vanguard of the banking automation in the State. In March 1990, the Banrisul got authorization of the Brazilian Central Bank to operate as Commercial bank, with accounts receivables, of

mortgage loan A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

s and

credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

financing Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm use ...

and

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

. In 1998, the Banrisul incorporated the agencies of the old "Caixa Econômica" (State Public, in English) saving bank, consolidating its position of bigger net of distribution of the south of the country, besides becoming a retail bank. The actions directed in credit facilities of long stated period had passed to be operated, in 2002, for "Caixa Estadual S.A." - Agency of Promotion.

Advertising

Grêmio, one of the most important soccer teams in Rio Grande do Sul, have been sponsored by Banrisul since 2001. Banrisul also sponsors most of the professional teams of the state, like those in the '' Gauchão''.

References

External links

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{{authority control Companies based in Rio Grande do Sul Companies listed on B3 (stock exchange) Banks established in 1928 Economy of Porto Alegre Brazilian brands 1928 establishments in Brazil Government-owned banks of Brazil