| Banco do Estado do Pará S.A. | |
| Image Alt: | Banpará's corporate logo. |
| Former Name: | Banco do Estado do Pará (1959-1979) |
| Type: | Sociedade Anônima |
| Area Served: | Pará |
| Key People: | Ruth Mello (CEO)[1] |
| Industry: | Banking, Financial services |
| Products: | Investment banking Retail Banking Credit cards |
| Revenue: | R$ 2.053 billion (2021)[2] |
| Net Income: | R$ 241.28 million (2021) |
| Assets: | R$ 12.52 billion (2021) |
| Location: | Belém, Brazil |
Banpará is a Brazilian regional bank, founded in 1959 by the Pará state government.[3] Its primary activity is supporting the banking needs of the state government and its employees’.[4]
The bank was the centerpoint of a 1984 scandal which saw over 10 million dollars siphoned away from its coffers into bank accounts controlled by the then-governor, Jader Barbalho, and his associates.[5] [6] The accusation involved the CEO, a political ally of Barbalho, and the financial director, both banned from working in the financial sector for 10 and 3 years, respectively.[7]