Banco Safra is a Brasilian local bank, operating as universal bank and providing retail, private, corporate and investment banking products and services. Banco Safra also offers leasing, securities underwriting, investment fund management, stock brokerage and insurance solutions via its subsidiaries.
Banco Safra S.A. has Category B banking license number 95054 issued by the Cayman Islands Monetary Authority. This type of license allows Banco Safra 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 the Cayman Islands: in the case of Banco Safra S.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Banco Safra S.A. failure its depositors will not be paid out any compensation.