Caixa Econômica Federal which sorted as CEF is a Brazilian bank. Caixa Econômica Federal is a government-owned corporation which offers finance and insurance services. Caixa Econômica Federal is one of the largest government-owned financial institutions in Latin America.
Caixa Econômica Federal was founded on January 12, 1861 as Caixa Econômica e Monte de Socorro in Rio de Janeiro as a financial institution destined to collect national savings, mostly from the poor. Caixa Econômica Federal is headquartered in Brasília, Brazil.
Today Caixa Econômica Federal is the second biggest Brazilian bank and is present in thousands of Brazilian towns (ranked the third financial institution in Brazil in number of branches). Caixa Econômica Federal has more than 32 million accounts, with liabilities worth more than R$ 148 billion in savings or investment
Caixa Econômica Federal also controls more than R$ 386 billion (roughly about US$ 200bn) together with government pension funds and other governmental resources. Caixa Econômica Federal is seen as a tool for public investment and expansion of access to financial services to the Brazilian public.
Maria Fernanda Ramos Coelho is the chairwoman of Caixa Econômica Federal. Caixa Econômica Federal has 75.000 employees. Caixa Econômica Federal has revenue increase US$ 44.2 billion, net income decrease US$ 2.2 Billion , total assets increase US$ 239.1 Billion as 2010. Caixa Econômica Federal has website www.caixa.gov.br where you can get more information about the bank.
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