São Paulo, February 05th, 2019

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


  • PAN’s proper payroll origination through digital channels has increased from 2.4% in June 2018 to 15.4% in December 2018;

  • In vehicle financing, investments in technology have allowed a significant increase in the sales team productivity, which has already advanced 41% between June and December 2018;

  • Credit collection through digital platforms totaled R$ 575 million in 2018, over R$ 409 million in 2017, representing a 40% increase;

  • PAN’s exclusive app for credit cards had more than 122 thousand downloads in the first four months after launch and has already engaged 22% of clients as heavy users.


  • Income before taxes of R$456.9 million in 2018, up 80% from R$253.3 million in 2017;

  • Net income of R$73.6 million in 4Q18, versus net income of R$49.1 million in 3Q18 and R$54.9 million in 4Q17;

  • Net income of R$221.5 million in 2018, versus net income of R$212.6 million in 2017;

  • Adjusted ROE of 17.3% p.y. in 4Q18 and 15.5% p.y. in 2018;

  • The Credit Portfolio ended 2018 at R$20.6 billion, moving up 4% over the previous quarter and 10% over the previous year;

  • Monthly average retail origination of R$1,489 million in 4Q18, up 4% in the quarter and up 15% in the year;

  • Managerial net interest margin of 15.5% p.y. in 4Q18 and 15.8% p.y. in 2018;

  • Shareholders‘ equity ended the year at R$4,096 million and the Basel Ratio at 14.1%.

Click here to access the Conference Call Presentation.

Conference Calls - February 06th, 2019
English Portuguese
Time: 09:00 a.m. (US ET) / 12:00 p.m. (Brasília)
Connection Phone: +1 (646) 843-6054
Code: Banco PAN
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Time: 07:30 a.m. (US ET) / 10:30 a.m. (Brasília)
Connection Phone: +55 (11) 2188-0155
Code: Banco PAN
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Click here to access the Earnings Release.
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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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