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{{Short description|Brazilian government-owned financial institution}}
{{Short description|Brazilian government-owned financial institution}}
{{Multiple issues|
{{Expand Portuguese|Caixa Econômica Federal|date=March 2018}}
{{Expand Portuguese|Caixa Econômica Federal|date=March 2018}}
{{More citations needed|date=May 2014}}
{{More citations needed|date=May 2014}}
}}
{{Use dmy dates|date=February 2019}}
{{Use dmy dates|date=February 2019}}


{{Infobox company
{{Infobox company
| name = Caixa Econômica Federal
| name = Caixa Econômica Federal
⚫
| image = Senado_Federal_do_Brasil_Fotos_produzidas_pelo_Senado_(16633140182).jpg
| image_caption = Headquarters in Brasília
| logo = Caixa Econômica Federal logo.svg
| logo = Caixa Econômica Federal logo.svg
| logo_size = 250px
| logo_size = 250px
| type = [[government-owned corporation]]
| type = [[Government-owned corporation]]
| founder = [[Pedro II of Brazil|Emperor Pedro II]]
| founder = [[Pedro II of Brazil|Emperor Pedro II]]
| foundation = {{start date and age|1861|01|12}} in [[Rio de Janeiro]], [[Neutral Municipality]], [[Brazilian Empire]]
| foundation = {{start date and age|1861|01|12}} in [[Rio de Janeiro]], [[Neutral Municipality]], [[Brazilian Empire]]
| location = [[Brasilia]], [[Federal District (Brazil)|Federal District]], [[Brazil]]
| location = [[Brasilia]], [[Federal District (Brazil)|Federal District]], [[Brazil]]
| key_people = Carlos Vieira Fernandes<br />([[Chairperson]])<ref>{{Cite web |date=2023-10-25 |title=Lula atende ao Centrão e demite Rita Serrano da presidência da Caixa; indicado de Lira assumirá o banco |url=https://oglobo.globo.com/politica/noticia/2023/10/25/lula-demite-rita-serrano-do-comando-da-caixa.ghtml |access-date=2023-10-26 |website=O Globo |language=pt-br}}</ref>
| key_people = [[Daniella Marques]]<br />([[Chairperson|Chairwoman]])
| area_served =
| area_served =
| industry = [[Financial services]]
| industry = [[Financial services]]
| products = [[Banking]] and [[Gambling]]
| products = [[Banking]] and [[gambling]]
| revenue =
| revenue =
| operating_income =
| operating_income =
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| assets = {{profit}} [[Brazilian real|R$]] 2.422 trillion <small>(2021)</small><ref name="brGAAP21">{{Cite web |url=https://api.mziq.com/mzfilemanager/v2/d/fb86b0b8-b4e9-407b-a575-ba3668a566a9/ff25cf01-2f48-91cb-2e06-f5392aeda37c?origin=1 |title=Demonstrações Contábeis 2021 (BrGaaP) |date=February 21, 2022 |access-date=July 7, 2022 |publisher=Caixa IR |website= |pages=49, 101 |language=pt-br}}</ref>
| assets = {{profit}} [[Brazilian real|R$]] 2.422 trillion <small>(2021)</small><ref name="brGAAP21">{{Cite web |url=https://api.mziq.com/mzfilemanager/v2/d/fb86b0b8-b4e9-407b-a575-ba3668a566a9/ff25cf01-2f48-91cb-2e06-f5392aeda37c?origin=1 |title=Demonstrações Contábeis 2021 (BrGaaP) |date=February 21, 2022 |access-date=July 7, 2022 |publisher=Caixa IR |website= |pages=49, 101 |language=pt-br}}</ref>
| num_employees = 86,000 <small>(2021)</small><ref name="CaixaRI21"/>
| num_employees = 86,000 <small>(2021)</small><ref name="CaixaRI21"/>
| parent = [[Brazilian Government]]
| parent = [[Federal government of Brazil|Brazilian Government]]
| subsid = CAIXAPAR
| subsid =
| homepage = {{url |http://www.caixa.gov.br}}
| homepage = {{url |http://www.caixa.gov.br}}
| footnotes =
| footnotes =
}}
}}


'''Caixa Econômica Federal''' ({{IPA-pt|ˈkajʃɐ ekoˈnõmikɐ fedeˈɾaw}}, ''Federal Savings Bank''), also referred to as '''Caixa''', is a [[State-owned enterprise|state-owned]] [[Brazil]]ian [[financial services]] company headquartered in [[Brasília]], Brazil. It is the fourth largest banking institution in Brazil, as well as the [[List of largest banks in Latin America|fourth largest in Latin America]], and the [[List of largest banks|eighty-third largest bank in the world]]. It is also the largest 100% government-owned financial institution in [[Latin America]].
'''Caixa Econômica Federal''' ({{IPA-pt|ˈkajʃɐ ekoˈnõmikɐ fedeˈɾaw}}, ''Federal Savings Bank''), also referred to as '''Caixa''', is a [[State-owned enterprise|state-owned]] [[Brazil]]ian [[financial services]] company headquartered in [[Brasília]], Brazil.<ref>{{cite book|at=Pág. 86|date=2017|last=ALEXANDRINO, Marcelo & PAULO, Vincente|location=Rio de Janeiro|publisher=GEN - Método|title=Direito Administrativo Descomplicado}}<!-- auto-translated by Module:CS1 translator --></ref> It is the fourth largest banking institution in Brazil, as well as the [[List of largest banks in Latin America|fourth largest in Latin America]], and the [[List of largest banks|eighty-third largest bank in the world]]. It is also the largest 100% government-owned financial institution in [[Latin America]].


==History==
==History==
⚫
The bank was founded by [[Pedro II of Brazil|Emperor Pedro II]] on 12 January 1861, as ''Caixa Economica e Monte de Socorro'' in [[Rio de Janeiro]] as a financial institution destined to collect national [[savings]], mostly from the poor. Over the years, several similar institutions were created, until most of them were merged into present-day Caixa Econômica in 1967.
⚫
[[File:Senado_Federal_do_Brasil_Fotos_produzidas_pelo_Senado_(16633140182).jpg|thumb|Caixa Econômica Federal]]
⚫
The bank was founded by [[Pedro II of Brazil|Emperor Pedro II]] on 12 January 1861, as ''Caixa Económica e Monte de Socorro'' in [[Rio de Janeiro]] as a financial institution destined to collect national [[savings]], mostly from the poor. Over the years, several similar institutions were created until most of them were merged into present-day Caixa Econômica in 1967.


The 1970s were particularly lucrative for the bank, mostly due to its near-monopoly on savings for the poor and lower-middle classes, the management of Brazilian state (federal) lotteries and being the only lawful [[pawn broker]] in Brazil.<ref>
The 1970s were particularly lucrative for the bank, mostly due to its near-monopoly on savings for the poor and lower-middle classes, the management of Brazilian state (federal) lotteries and being the only lawful [[pawn broker]] in Brazil.<ref>
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|access-date=24 July 2017
|access-date=24 July 2017
}}
}}
</ref> In the 1990s, however, the scenario changed and the bank underwent a serious downsizing, in which thousands of employees lost their jobs. Part of the problem was caused by the modernization of the Brazilian banking system in the 1980s, with many other banks introducing savings accounts to their portfolios, Brazilian states being granted rights to hold their own lotteries in addition to the federal government's, a series of corruption scandals regarding lottery fraud, and the opening of the national market to foreign banks. The control of [[inflation]] also hampered Caixa's financial performance by making savings accounts less attractive.
</ref> In the 1990s, however, the scenario changed and the bank underwent a serious downsizing, in which thousands of employees lost their jobs. Part of the problem was caused by the modernization of the Brazilian banking system in the 1980s, with many other banks introducing savings accounts to their portfolios, Brazilian states being granted rights to hold their own lotteries in addition to the federal government's, a series of corruption scandals regarding lottery fraud, and the opening of the national market to foreign banks. The control of [[inflation]] also hampered Caixa's financial performance by making savings accounts less attractive.<ref>[http://www2.camara.leg.br/legin/fed/decret/1824-1899/decreto-2723-12-janeiro-1861-556013-publicacaooriginal-75580-pe.html Decreto Imperial nº 2.723, de 12 de Janeiro de 1861]. Câmara dos Deputados. Acesso em 27 de julho de 2017.</ref>


Nowadays, Caixa is the second biggest Brazilian bank<ref>
Nowadays, Caixa is the second-biggest Brazilian bank,<ref>
{{cite web
{{cite web
|title=Caixa overtakes Itaú as Brazil's 2nd largest lender
|title=Caixa overtakes Itaú as Brazil's 2nd largest lender
Line 56: Line 59:
|access-date=24 July 2017
|access-date=24 July 2017
}}
}}
</ref> and with locations in thousands of Brazilian towns, ranked the third-largest financial institution in Brazil by number of branches. Caixa has more than 146 million accounts,<ref name="CaixaRI21" /> with liabilities worth more than [[Brazilian real|R$]] 237.00 billion in savings or investment. Together with government pension funds and other governmental resources, Caixa controls more than R$1.80 trillion (roughly about US$630 billion). Caixa is seen as a tool for public investment and expansion of access to financial services to the Brazilian public.
</ref> and with locations in thousands of Brazilian towns, ranked the third-largest financial institution in Brazil by number of branches. Caixa has more than 146 million accounts,<ref name="CaixaRI21" /> with liabilities worth more than [[Brazilian real|R$]] 237.00 billion in savings or investment. Together with government pension funds and other governmental resources, Caixa controls more than R$1.80 trillion (roughly about US$630 billion). Caixa is seen as a tool for public investment and expansion of access to financial services to the Brazilian public.{{Citation needed|date=February 2023}}


Caixa is still the manager of most Brazilian lotteries, especially the most popular ones, such as [[Mega-Sena]], Quina and Loteca (former Loteria Esportiva). The profits of Brazilian state (federal) lotteries revert to amateur sport promotion and elementary education.
Caixa is still the manager of most Brazilian lotteries, especially the most popular ones, such as [[Mega-Sena]], Quina and Loteca (former Loteria Esportiva). The profits of Brazilian state (federal) lotteries revert to amateur sport promotion and elementary education.
Line 66: Line 69:


==External links==
==External links==
*[http://www.caixa.gov.br Official website]
* {{official website|http://www.caixa.gov.br}}


==References==
==References==
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{{DEFAULTSORT:Caixa Economica Federal}}
{{DEFAULTSORT:Caixa Economica Federal}}
⚫
[[Category:Banks of Brazil]]
[[Category:Companies based in Brasília]]
[[Category:Companies based in Brasília]]
[[Category:Banks established in 1861]]
[[Category:Banks established in 1861]]
[[Category:1861 establishments in Brazil]]
[[Category:1861 establishments in Brazil]]
[[Category:Government-owned companies of Brazil]]
[[Category:Brazilian brands]]
[[Category:Brazilian brands]]
⚫
[[Category:Government-owned banks of Brazil]]

Revision as of 04:50, 24 June 2024

Caixa Econômica Federal
Company typeGovernment-owned corporation
IndustrieFinancial services
GegründetJanuary 12, 1861; 163 years ago (1861-01-12) in Rio de Janeiro, Neutral Municipality, Brazilian Empire
GründerEmperor Pedro II
HauptsitzBrasilia, Federal District, Brazil
Key people
Carlos Vieira Fernandes
(Chairperson)[1]
ProdukteBanking and gambling
Increase R$ 17.3 billion (2021)[2]
Total assetsIncrease R$ 2.422 trillion (2021)[3]
Number of employees
86,000 (2021)[2]
ParentBrazilian Government
Websitewww.caixa.gov.br

Caixa Econômica Federal (Portuguese pronunciation: [ˈkajʃɐ ekoˈnõmikɐ fedeˈɾaw], Federal Savings Bank), also referred to as Caixa, is a state-owned Brazilian financial services company headquartered in Brasília, Brazil.[4] It is the fourth largest banking institution in Brazil, as well as the fourth largest in Latin America, and the eighty-third largest bank in the world. It is also the largest 100% government-owned financial institution in Latin America.

History

The bank was founded by Emperor Pedro II on 12 January 1861, as Caixa Economica e Monte de Socorro in Rio de Janeiro as a financial institution destined to collect national savings, mostly from the poor. Over the years, several similar institutions were created, until most of them were merged into present-day Caixa Econômica in 1967.

The 1970s were particularly lucrative for the bank, mostly due to its near-monopoly on savings for the poor and lower-middle classes, the management of Brazilian state (federal) lotteries and being the only lawful pawn broker in Brazil.[5] In the 1990s, however, the scenario changed and the bank underwent a serious downsizing, in which thousands of employees lost their jobs. Part of the problem was caused by the modernization of the Brazilian banking system in the 1980s, with many other banks introducing savings accounts to their portfolios, Brazilian states being granted rights to hold their own lotteries in addition to the federal government's, a series of corruption scandals regarding lottery fraud, and the opening of the national market to foreign banks. The control of inflation also hampered Caixa's financial performance by making savings accounts less attractive.[6]

Nowadays, Caixa is the second-biggest Brazilian bank,[7] and with locations in thousands of Brazilian towns, ranked the third-largest financial institution in Brazil by number of branches. Caixa has more than 146 million accounts,[2] with liabilities worth more than R$ 237.00 billion in savings or investment. Together with government pension funds and other governmental resources, Caixa controls more than R$1.80 trillion (roughly about US$630 billion). Caixa is seen as a tool for public investment and expansion of access to financial services to the Brazilian public.[citation needed]

Caixa is still the manager of most Brazilian lotteries, especially the most popular ones, such as Mega-Sena, Quina and Loteca (former Loteria Esportiva). The profits of Brazilian state (federal) lotteries revert to amateur sport promotion and elementary education.

See also

References

  1. ^ "Lula atende ao Centrão e demite Rita Serrano da presidência da Caixa; indicado de Lira assumirá o banco". O Globo (in Brazilian Portuguese). 25 October 2023. Retrieved 26 October 2023.
  2. ^ a b c "Relatório Integrado 2021" (in Brazilian Portuguese). Caixa IR. pp. 30, 64, 65, 95. Retrieved 7 July 2022.
  3. ^ "Demonstrações Contábeis 2021 (BrGaaP)" (in Brazilian Portuguese). Caixa IR. 21 February 2022. pp. 49, 101. Retrieved 7 July 2022.
  4. ^ ALEXANDRINO, Marcelo & PAULO, Vincente (2017). Direito Administrativo Descomplicado. Rio de Janeiro: GEN - Método. Pág. 86.{{cite book}}: CS1 maint: multiple names: authors list (link)
  5. ^ Horch, Dan (3 December 2014). "Brazil's Middle Class Finds a Lifeline at the Pawnshop". The New York Times. Retrieved 24 July 2017.
  6. ^ Decreto Imperial nº 2.723, de 12 de Janeiro de 1861. Câmara dos Deputados. Acesso em 27 de julho de 2017.
  7. ^ Langlois, Jill (2 June 2016). "Caixa overtakes Itaú as Brazil's 2nd largest lender". BNAmericas. Retrieved 24 July 2017.
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