CAIXA

On January 12th 1861 began the history of CAIXA and its commitment with the Brazilian people. On this day Dom Pedro II signed Decree n° 2.723, creating Caixa Econômica and Monte de Socorro. Created with the purpose to stimulate savings and to grant loans under pawn, the institution came to challenge others who were acting on the market, but who would not offer serious guarantees to the depositors, or who would charge excessive interest from the debtors.

In almost a century and a half of existence, CAIXA has witnessed transformations which have marked the history of Brazil. It has followed changes on political systems and has actively participated on the process of urbanization and industrialization of the country.

In 1931 it began to operate the mortgage portfolio for the purchase of property. Fifty five years later it incorporated the National Housing Bank (BNH), being definitely established as the major national agent for home financing and as an important financer of urban development, particularly basic sanitation.

Also, in 1986, CAIXA has incorporated the role of operating agent for the Assurance Fund for Period of Work (FGTS), previously managed by BNH. Three years later it began to centralize all the accounts for the collection of FGTS existing on the banking network and to manage the collection of this fund and the payment of amounts due to workers.

Since its creation, CAIXA has established close relations with the population, attending their immediate needs through savings, loans, FGTS, PIS, Unemployment Benefit, educational credit, housing loans and transfer of social benefits. It has also stimulated dreams of wealth and a better life with the Federal Lotteries, of which it controls the monopoly since 1961.

Along its history, CAIXA has grown and developed, diversifying its mission and widening its area of performance. Today it attends current account holders, workers, beneficiaries of social programs and gamblers. It also supports cultural-artistic, educational and sporting initiatives throughout Brazil. As the main agent for the Federal government´s public policies, CAIXA acts throughout the country and brings geographic and social approximation. There are already 8,4 million current account holders and 29,1 million savers, which corresponds to 31% of all the national savings market.

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