Banif Financial Group (Portuguese: Banif - Grupo Financeiro) was a Portuguese international financial services group associated with Banco Internacional do Funchal. The company had a presence in Europe, South America, North America, Africa and Asia. In 2015, it was bailed-out by the Portuguese state and sold to Santander Group.

Banif was founded and incorporated by Horácio Roque^[2] on 15 January 1988 and took over all of the assets and liabilities of the defunct Caixa Económica do Funchal. In 1995, it opened offices in Caracas, Venezuela and South Africa; in 1996 in São Paulo, Brazil; and in 2008 in San Ġiljan, Malta.

In the wake of the Portuguese sovereign debt and banking crisis, Banif was one among a number of Portuguese banks which were nationalized in order to be rescued by the government. In December 2015, as part of a 2,2 billion euro bailout and restructuring, the Portuguese government sold the remainder of Banif's assets to Banco Santander Totta, the Portuguese subsidiary of Santander Group, for 150 million euros.^[3][4]

Banif consisted of the following subsidiaries, most of which have either been incorporated or purchased:

• SGM – Sociedade Gestora de Fundos de Pensões Mundial, S.A. (1989)
• Ascor Dealer – Sociedade Financeira de Corretagem, S.A. (1989)
• Mundileasing – Sociedade de Locação Financeira, S.A. (1990)
• Mundicre – Sociedade Financeira para Aquisições a Crédito, S.A. (1991)
• Banifundos – Sociedade Gestora de Fundos de Investimento Mobiliário, S.A. (1991)
• Invesfeiras – Investimentos Imobiliários, S.A. (1991)
• Banif – Investimentos – S.G.P.S., S.A. (1992)
• Banifólio – Sociedade Gestora de Patrimónios, S.A. (1992)
• Banif – Banco Internacional do Funchal (Cayman), Ltd. (1993)
• Açoreana Seguros (1996)
• Banco Comercial dos Açores (1996)
• BanifServ Agrupamento Complementar de Empresas de Serviços, Sistemas e Tecnologias de Informação (1997)
• Banif – Banco de Investimento, S.A. (2000)
• Banif Financial Services, Inc. (2001)
• Banif Mortgage Company (2002)