As a multiple service bank, and in fulfilling its mission, Banese’s business purpose is to operate in all banking transactions approved by the Central Bank of Brazil, providing banking services and engaging in any activities open to the institutions comprising the National Financial System. Banese has a strong presence in the retail segment, primarily in transactions intended for public servants whose salaries are paid through the bank, in addition to working capital finance for small and mid-size companies, the construction of real estate developments and operations involving on-lending of funds from the BNDES and the BNB.
Banese’s credit portfolio came to R$3.4 billion in 1Q22. In the commercial segment, the Bank has a prominent position in its operating market.
Credit transactions are the principal source of income, serving primarily the private individual segment, the highlight being payroll-deductible loans for public servants, in addition to transactions linked to the Banese Card, and legal entities, the highlight being the working capital facilities and discounting of trade receivables.
Funds raised and under management by Banese totaled R$7.0 billion in 1T22. Banese’s funding structure remains diversified, which contributes to maintaining comfortable levels of liquidity.
The subsidiary consists of Sergipe Administradora de Cartões e Serviços S.A. (SEAC), whose core business is to provide services involving credit and debit cards and other payment methods. Supporting its retail partners, it helps them boost their sales by including and deploying another paying and receiving method to its business portfolio.
SEAC has a total of 632,000 active customers. At the end of 1Q22, the transaction volume at accreditor company TKS totaled R$814.1 million, up 15.59% over 1Q21.