In the following year, Banco Real opened a branch on the Brazilian island of Fernando de Noronha and acquired Banco de Minas Gerais, which operated 133 branches at that time.
UFPE has been elected twice as the best university of north and north-east Brazil by Guia do Estudante (a national university ranking magazine) and Banco Real (ABN AMRO).
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Banco Pan was founded in 1969 when Grupo Silvio Santos, owned by billionaire media-man Silvio Santos purchased the Banco Real Sul and renamed to PanAmericano.