The History of Alpha Financial Group began in 1925 with the founding of the Bank of tillage Minas Gerais. In 1972, the Bank of Farming changed its name to Banco Real S/A and then created other financial companies that constituted the Financial Conglomerate Real. In 1998, Banco Real S/A had sold its controlling interest to ABN Amro Bank. Financial companies unsold (then Royal Bank Investment, Real Financial, Leasing and Brokerage Real Real) formed the new financial conglomerate Alfa, completed shortly after the creation of the Alfa Bank (commercial bank) and Alfa Insurance.