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Banpará was created by Law 1,819, of November 30, 1959, in the Moura Carvalho government. Although the Bank was created in 1959, it was only in 1961 that Banpará’s letters patent was approved by the Currency and Credit Superintendence (SUMOC), the bank industry regulating agency at the time.
On October 26, 1961, Banpará began operating in a rented building, at Rua 28 de setembro n.º 276, with 17 employees. In July 1964, Banpará was transferred to its first own headquarters, at Edifício Dias Paes, located at Avenida Presidente Vargas n.º 275.
On February 18, 1966, the Bank inaugurated its first branch in the interior of our state, in the city of Santarém.
On December 12, 1979, it was granted approval to change the name of the Bank from BEP to BANPARÁ, as it was being confused with other financial institutions. The change allowed a more immediate association of the Bank with our state.
São Braz Branch - 1981
In 2016, Banpará considered the idea and focused on implementing a fully digital platform, in order to adjust to the new and modern ways of interacting with its customers. This unit is structured with terminals capable of providing video conference services and on-line transactions, in addition to featuring a second space, with an operational desk activated through biometrics and glass panels with virtual film actuation technology. This is Brazil’s first fully digital unit.
Digital Branch - 2017
Since 2011, when the expansion plan started by the State, Banpará has adopted measures to get closer to the population of Pará, continuously opening new units mainly in the interior of the State. The bank currently has 161 service units, including branches and service stations, distributed in 109 municipalities in Pará. In this way, Banpará is accessible to 90% of the state‘s population.
Banpará, with the objective of strengthening its market share, increased its portfolio of products and services with the reactivation, in January 2020, of its Real Estate Credit Portfolio, making available to its employees and public safety employees (Police Military, Civil Police, Military Firefighters, CPC Renato Chaves, Susipe and Detran) the Residential Property Acquisition and Residential Property Acquisition Portability products with competitive interest rates and the best total effective cost (CET) in the market. For companies in the civil construction segment, the product Plano Empresarial Banpará was made available, a financing destined to the production of urban residential or commercial enterprises located in the State of Pará. In August 2020, the Bank expanded real estate credit to all its customers .
In view of the current context, determined by the influence of the pandemic on Para society since March 2020, Banpará, an ally of the State Government, led the release of credit for micro and small entrepreneurs, informal workers and the creative economy, injecting 200 million reais in the Pará economy in order to minimize the impacts of Covid-19.
Banpará today is a financial institution that fights for space in the market, with competitiveness and focus on the commitment to be a partner in the growth of the State. It is a modern Bank and continuously inserted in the life of the people of Pará, providing dignified service and helping to leverage from small business to large enterprise.