Banco Rural Europa SA (BRE) was a banking institution under Portuguese law, established on August 5, 1998.
Until 31 December 2011, BRE operated only in Portuguese territory to non-residents, due to the specific nature of their legal framework in the Madeira Free Zone. Then BRE activities were also extended to residents, attracting savings, support for the financing of foreign trade operations (trade finance) and other operations.
On August 2, 2013 Central Bank of Brazil decreed the extrajudicial liquidation of Banco Rural SA, major shareholder of BRE,. Faced with this situation the Bank of Portugal ordered on August 6, 2013, that BRE could not make any new operations except for repayment of deposits.
Banco Rural Europa, SA participates in the deposit guarantee scheme of Portugal. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Banco Rural Europa, SA is a member of Fundo de Garantia de Depósitos (FGD) and makes its contributions into it.
Banco Rural Europa, SA was headquartered in Lisboa.