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Additional information |
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Banco Pine S.A. |
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Mission statement:
To develop and make available financial products and solutions tailored to the needs of our clients in an efficient, creative, secure, and transparent manner. |
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Profile:
Banco PINE is primarily focused on and specialized in corporate loans. The Bank offers its clients a complete range of credit facilities, both in local and foreign currency. Banco PINE also offers services such as financial and strategic advisory, treasury products, investment options, specialized credit lines and onlending. The strategy consists in deeply knowing the client’s needs in order to meet them in an efficient and agile way.
Its agility led to a fast pace growth throughout its more than ten years of existence, positioning Banco Pine as one of the most profitable private multiple-service banks in Brazil. Clients’ needs at Banco Pine are assessed on an individual basis, as are credit risks, resulting in personalized solutions.
On April 2, 2007, Pine became the first mid-sized bank to trade its shares on the São Paulo Stock Exchange (Bovespa), raising R$ 517 million through the issue of preferred shares. The IPO was a natural consequence of the ongoing corporate governance practices carried out by the Bank even as a closed-capital company.
The agility and creativity when serving clients are the main features of our Bank and were achieved thanks to our management model combined to the Bank’s concise internal structure with a reduced number of hierarchy levels and a meritocracy-based culture, which enhances the performance of our best talents. |
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Vision:
To grow in a sustainable manner and consolidate our longevity, offering the best solutions for clients, based on security and profitability, by cementing ethical, transparent, and long-lasting relationships. |
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History:
Banco Pine´s history dates back to 1939, when the Pinheiro family founded the Central Bank of the Northeast (Banco Central do Nordeste) in the city of Fortaleza, in the state of Ceará. Noberto Nogueira Pinheiro and his brother Nelson Nogueira Pinheiro founded Banco Pine in May 1997.
In 2005, Mr. Noberto Nogueira Pinheiro became the sole shareholder of Banco Pine. In January 2007, he left the chief executive position to became the chairman of Banco Pine´s board of directors.
On April 2, 2007, Banco Pine became the first Brazilian mid-sized bank to do an IPO, and trade its shares on the São Paulo Stock Exchange (Bovespa), raising R$ 517 million through the issue of preferred shares. The IPO was a natural consequence of the ongoing corporate governance practices carried out by the Bank even as a closed-capital company.
The agility and creativity when serving clients are the main features of our Bank and were achieved thanks to our management model combined to the Bank’s concise internal structure with a reduced number of hierarchy levels and a meritocracy-based culture, which enhances the performance of our best talents. |
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