Banco Modal is a Brasilian bank specializing in corporate and investment banking.
Banco Modal S.A. has Category B banking license number 560792 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Modal S.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in place for Banco Modal S.A.. It means that in the event of Banco Modal S.A. failure its depositors will not receive any compensation or coverage.
Banco Modal S.A. was authorized and supervised by the Cayman Islands Monetary Authority.