Banco Internacional do Funchal

Banco Internacional do Funchal (BANIF) is an international bank, founded in Portugal, with a presence in South America, North America, Europe and Africa.

Banif SA regards sustainability as an essential element of its core business, and therefore as being crucial to both growth and risk management, as well as serving as a distinctive feature and a factor in wealth creation.

Banif's sustainability strategy has growth out of a structured process with participation from all sectors of the company. The aim is to enable them to face the new risks posed by a changing society, to advance the cause of progress and social well-being and to encourage more environmentally friendly procedures, through their activities, products and services.

Banif has pursued a number of projects in this field, supporting organizations involved in welfare and humanitarian work.

In 2005, the bank's communication campaign was based on presenting support for social charities as a fundamental part of their mission. For each account opened, Banif donated 5 euyros to Fundação do Gil, Acreditar and to a project organized by SIC Esperança, "Um sorriso não tem idade".

In April 2006, Banif organized a benefit concert at the Coliseu dos Recreios in Lisbon, with Rui Veloso, Ala dos Namorados and an orchestra conducted by Rui Massena. The ticket receipts went to the three charities supported by the Banif Solidário campaign.