Banif Financial Group was established in 1988 in Portugal, following the takeover of Caixa Económia do Funchal, a bank with over a 100 years experience in financial services. Through a series of mergers and acquisitions on a local and international level, Banif Group has expanded its operations to become a financial conglomerate providing a comprehensive range of services through a multiple distribution channel network. Over the years, Banif expanded its operations outside Portugal through a large network of commercial and investment banks. Banif Financial Group is now present in 15 different countries with 430 sales points. The Group has total assets exceeding €14.7 billion and employs over 3,400 people.
Click on the image below to download Diagram of Banif Group Holdings as at 31/03/2012.