Banco PAN S.A. (“PAN”, “Bank” or “Company”) is one of Brazil’s main middle-sized financial institutions, focusing on: payroll-deductible credit (loans and credit cards), auto loans, credit cards, and consortium and insurance sales. Since May 27, 2011, PAN has been jointly controlled by two of the largest financial groups in Brazil: Banco BTG Pactual S.A. (“BTG Pactual”) and Caixa Participações S.A. (“Caixapar”), which is a wholly owned subsidiary of Caixa Econômica Federal (“Caixa”). This control structure provides financial solidity, reputation, high corporate governance standards and business synergies to Banco PAN.
