Banco Pine S.A is a regional financial institution, publicly traded, that has been advising and financing medium and large companies for over twenty years. Among its main activities, the bank stands out for offering working capital services, debt structuring, receivables anticipation, and financial risk management of currencies, as well as interest rates and commodity pricing.
In addition, Banco Pine also provides services in current accounts, revolving credit, collections, transfers, finance, foreign exchange, foreign trade, insurance, and investments.
According to Banco Pine's stock page available on the B3 website, the Brazilian stock exchange, the financial institution is classified as follows:
Main Activity: Brazilian Regional Bank. Publicly Traded. For Over Twenty Years, It Has Stood Out in Financing and Advising Medium and Large Companies.
Sector Classification: Financial / Financial Intermediaries / Banks.
The bank's specialty, acquired over years of experience, has focused on long-term service, primarily for large clients and investors. Because of this, the financial institution is classified as “corporate bank”.
Banco Pine has a strong presence in the real estate and construction, metallurgy, sugar and ethanol, energy, agribusiness, telecommunications, transportation, and logistics sectors. Therefore, its main products are:
Credit offering
Hedging products
Financial advisory services
Working capital financing
Receivables anticipation
Debt structuring
Financial risk management of currencies
Interest rates
Basically, Banco Pine has a broad network of relationships with companies operating in various economic sectors. The network includes both importers and exporters, as well as commodity producers. Initially, these are clients who benefit from credit services, such as BNDES disbursements, working capital, and trade finance.
Banco Pine shares
Banco Pine's shares are ordinary and preferred. In ordinary shares (PINE3) shareholders have the right to vote at meetings, as well as the right to receive dividends and interest on the institution's own capital, even if not in person.
Preferred shares, on the other hand, grant voting rights only in special situations. However, they are shares that entitle the holder to receive dividends.
The history of Banco Pine began in 1997, when the financial institution was founded by Noberto Pinheiro. Noberto, son of Jaime Nogueira Pinheiro, is currently the main shareholder of the bank. His history in the financial market is directly linked to his father's history, who started, since 1939, at the Central Bank of the Northeast, in addition to other banks.
In other words, Banco Pine comes from a family tradition that started with Jaime Nogueira Pinheiro, his brother Jaime Nogueira Pinheiro Filho, and later, Noberto Pinheiro. In 1975, Noberto Pinheiro became one of the controllers of Banco BMC.
Later, in 1997, Noberto Nogueira sold his stake in BMC and founded Banco Pine. By 2005, Noberto became the main shareholder of the bank and began to control 100% of the financial institution's shares.
Two years later, in 2007, Banco Pine became a public company with shares on the Stock Exchange. In other words, the institution became the first medium-sized bank to conduct an IPO, making its shares available on B3 and becoming a publicly traded company.
Despite the capital opening, Noberto Nogueira holds 100% of the bank's ordinary shares, in addition to 29% of the preferred shares. During the years 2011 and 2012, Banco Pine experienced considerable growth, and in 2016, it professionalized its executive management.
By 2017, the bank began the capitalization process and, with that, launched Pine Online, making its banking services available digitally. The following year, a new team was created within the institution, focused on supporting companies with revenues below R$ 500 million.
