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Home > Company Index > Banking > Banking - Latin America, Middle East & Africa > Banco do Estado de São Paulo S.A.

Banco do Estado de São Paulo S.A.
 PROFILE
Banco do Estado de São Paulo (Banespa) has made a stunning comeback from years of fiscal abuse by its former controlling stockholder, the spendthrift state of São Paulo. It provides a wide range of consumer and commercial banking services through more than 600 branches, primarily in São Paulo state. Banespa also offers investments and insurance. Spain's Banco Santander Central Hispano owns more than 95% of Banespa. After 8,500 employee layoffs (almost 40% of its workforce) in 2000, Banespa restructured the executive directors to revive its shareholders.

 COMPETITION
Banco Bradesco S.A. (BBQCY)
Banco do Brasil S.A. (BBAS)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 3,293.60
1-Yr. Sales Growth: (39.8)%
Employees: 23,438
Revenue per employee: $140,523.94

 KEY PEOPLE
• Gabriel Sanint
    CEO
• Gustavo Adolfo Funcia Murgel
    CFO

 CONTACT INFO
Praca Antonio Prado 6, 6 Andar
Sao Paulo, Brazil
Phone: 55-11-249-9090
Fax: 55-11-239-2414
Online: Web Site

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