Banese | Banese’s profit grows 100% in the semester and reaches R$ 50.8 million

Banese’s profit grows 100% in the semester and reaches R$ 50.8 million


Banco do Estado de Sergipe S.A. (Banese) reached a net profit of R$50.8 million in the first half of 2021, a growth of 100% in relation to the same period last year. The result reflects the Bank’s expansion process, whose credit portfolio reached the historic milestone of R$3.1 billion and registered a growth of 9.7% in the first six months of the year, more than double compared to the National Financial System, which grew 4.8%.


According to Banese’s CEO, Helom Oliveira, the result achieved, even in a first semester marked by the worsening of the pandemic and the adoption of new restrictive measures, is the result of the execution of the strategic planning, which focuses on the digitalization and availability of new business and the remodeling of the Institution’s sales profile. The CEO also mentions that the wealth produced by Banese is invested in the economy of Sergipe and other states where it operates, increasing the population’s access to banking services, maintaining its leading role in the economic development and in the concession of credit to all professional and business segments.


The funds raised reached the amount of R$6.3 billion, which represents an increase of 17.6% in the last 12 months. The trust placed in Banese by customers contributed to an increase in funding of almost R$1 billion in 12 months, especially in resources from savings, demand deposits and time deposits (CDB). The Bank’s net equity increased 8.9% in the same period, reaching R$535 million, which demonstrates the company’s sustainability.


Increase of credit supply and delinquency reduction


Banese’s total assets reached R$7.3 billion at the end of the first half, 17.7% higher than last year. Of this amount, R$3.1 billion correspond to the credit portfolio, which grew 11.8% year-on-year. On the other hand, the allowance for loan losses (PCLD), which measures the level of risk and the quality of the credit portfolio, decreased 17.9%, as the delinquency index, which closed the period at 0.88%.


The corporate portfolio registered an increase of 18.2%, when compared to the same period of the previous year, with an increase in financing operations for working capital. The resources destined to individuals registered a balance of R$2.2 billion at the end of the second half of the year, an 8.6% growth over the last year, with a highlight for the consigned credit portfolios and those linked to salaries, aimed at public servants, as well as the rural credit financing lines for small producers. We also highlight the credit lines aimed at addressing the COVID-19 pandemic, which supported small and medium-sized companies with differentiated conditions.


Besides the focus on expanding market share by promoting regional development, the increase in Banese’s credit portfolio is also due to the updating of the organizational sales strategy, which led to initiatives aimed at self-service contracts, the creation of credit lines based on credit card sales, and agreements with new companies and public agencies.


New technology standards, services, and digital channels


Banese has been implementing important investments in new technologies, as a pillar of its growth strategy with a focus on developing innovative solutions. Due to the pandemic restrictive measures, the product and service portfolio available in self-service was expanded and there was an improvement in the usability of these channels. Besides making PIX services available, the bank started offering recharge services for Games, Uber, Netflix, and Spotify, among others.


Payments for agreements are also now made with the Banese Card credit card at the self-service and customers can now receive Cashback on debit purchases at companies participating in ELO Cards campaigns. For this year, the bank has initiated the process of migration of the institution’s technological infrastructure to the cloud computing environment and is getting ready to join the Open Banking platform.


In the first half of 2021, the use of self-service channels will account for 85% of the total transactions performed at the bank, 77% of which will be in digital channels. Only in the second quarter, there was an increase of 17.5% in the number of transactions performed in Internet and Mobile Banking compared to the previous quarter, and 37.2% compared to the first half of last year.


Human Resources and innovation


The Bank has also expanded the professional development and improvement initiatives for employees, through Banese Corporate University and the Incentive to Education, Learning and Continued Certification Programs, among other initiatives to promote the Company’s Human Resources.


With the improvement of the pandemic scenario in the country, the exams for the public service exam for Banese’s staff are scheduled for September 12th of this year. A total of 45 vacancies will be filled, of which 20 for the position of Bank Technician III (higher level) and 25 for the position of Bank Technician I (medium level), in addition to the creation of a reserve list.


The Banese economic conglomerate is headquartered in Aracaju/Sergipe and has operations in several states in Brazil, especially in the Northeast region. The group is comprised by Banese and SEAC – Sergipe Administradora de Cartões e Serviços S.A. In addition, Banese’s group of companies also include: Banese Corretora e Administradora de Seguros, Instituto Banese de Seguridade Social (Sergus), Caixa de Assistência dos Empregados do Banese (Casse) and Instituto Banese.