São Paulo, November 5th, 2018

Banco PAN S.A. (BPAN4) announces today its results for the third quarter of 2018.


- Digital Transformation

- PAN reached an average of 10.2% of paperless payroll loans origination through its points of services in the quarter, against 2.3% in the previous quarter, advancing in its strategy of reaching 100% by the end of 2019;

- Release of PAN Cartões app update, which had more than 40 thousand downloads in the 1st month;

- New account opening process through PAN Investimentos app, which had more than 260 thousand downloads since its initial release;

- 22% share of credit recovery through digital channels;

- Website redesign, with 3.7 million access in the quarter, fostering cross sell and improving clients self-servicing experience.

Average monthly retail origination of R$1,428 million in 3Q18, conquering 144 thousand new clients;

Total Credit Portfolio ended 3Q18 at R$19.7 billion versus a balance of R$19.4 billion at the end of 2Q18 and R$18.8 billion in 3Q17, highlighting payroll and vehicle financing portfolios increase of 15% and 13% respectively in 12 months;

Income before taxes of R$321 million in 9M18, increasing 157% against 9M17, and Net Income of R$ 148 million in 9M18 versus R$ 158 million in 9M17;

ROAE of 5.2% p.y. in 9M18 and Adjusted ROAE (unaudited) of 14.4% p.y.;

ROAE of 4.9% p.y. in 3Q18 and Adjusted ROAE (unaudited) of 13.5% p.y.;

Shareholders‘ Equity ended the quarter at R$4,047 million and Basel Ratio of 14.0%.

Click here to access the Earnings Release.

Click here to access the Corporate Presentation.

Click here to access the Quarterly Financial Statements (available in Portuguese only).

Conference Calls - November 6th, 2018
English Portuguese
Time: 08:30 a.m. (US ET) / 10:30 a.m. (Brasília)
Connection Phone: +1 (646) 843-6054
Code: Banco PAN
Webcast: click here
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Time: 09:00 a.m. (US ET) / 11:00 a.m. (Brasília)
Connection Phone: +55 (11) 2188-0155
Code: Banco PAN
Webcast: click here
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Webcast & Replay

The conference call will be broadcast live over the internet through Banco Pan’s IR website. After the event, the content of the conference call will be available for download in text (transcript in PDF) and audio (MP3).

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