BANCO PAN S.A. São Paulo, August 4, 2014 - Banco Pan S.A. ("Pan", "Bank" or "Company") and its subsidiaries, releases its results for the quarter ended June 30, 2014. The Bank's operating and financial information, except when otherwise stated, are reported based on consolidated figures and in Brazilian reais, pursuant to the Brazilian Corporation Law and the Accounting Practices adopted in Brazil.
2Q14 Highlights:
- Credit assets monthly average origination of R$1,223.3 million in 1H14, 4.6% up on the monthly average of R$1,169.6 million in 1H13;
- Credit assets monthly average origination of R$1,210.0 million in 2Q14, R$1,236.6 million in 1Q14 and R$1,257.6 million in 2Q13;
- Loan Portfolio with Retained Result totaled R$15.9 billion, in line with the R$15.8 billion in 1Q14 and 13.5% up on the R$14.0 billion in 2Q13;
- Portfolios with risk category between "AA" to "C" reached 89.9% of Total Loan Portfolio, 89.8% on 1Q14 and 85.5% on 2Q13;
- Allowance for loan losses net expense came to R$352.1 million in 1H14, 20.4% down the R$442.4million recorded in 1H13;
- Net Interest Margin stood at 12.1%, above the 11.7% on 1Q14 and 2.7p.p. down on 2Q13;
- Consolidated Net Loss of R$70.4 million in 2Q14, compared to the net loss of R$78.6 million in 1Q14 and net income of R$12.7 million in 2Q13;
- Consolidated Shareholders' Equity of R$2,156.9 million and Basel ratio of 11.5% in 2Q14; and
- The Board of Directors has approved an ongoing capital increase with an issuance of common and preferred shares up to R$1.5 billion.
|
distributed by
|
