Banco do Estado de Sergipe S.A. (Brazil)

Banco Do Estado De Sergipe S.A., located in Aracaju, is an open capital and mixed economy company controlled by the State of Sergipe. It serves as a catalyst for the economic growth of the Sergipe society by providing banking services. The company forms an economic conglomerate with Mulvi Instituição de Pagamentos S.A. (MULVI), Banese Corretora e Administradora de Seguros, Instituto Banese de Seguridade Social (SERGUS), Caixa de Assistência dos Empregados do Banese (CASSE), and Instituto Banese. The company has a total of 850,952 clients, including 825,579 individuals and 25,373 businesses. It has a network of 63 branches, 9 service posts, and 456 ATMs spread across all 75 municipalities in Sergipe. Banco Do Estado De Sergipe offers a range of products and services, with a focus on retail banking, financing for small and medium-sized enterprises, real estate development, and operations related to BNDES and BNB. Its credit portfolio reached R$3.6 billion in assets in the first quarter of 2023. The company's main source of revenue comes from credit operations, particularly those directed towards public sector employees and businesses. In the first quarter of 2023, the company had R$7.5 billion in captured and managed resources. The company also operates Mulvi Instituição de Pagamentos S.A., which provides services related to credit and debit cards and other payment methods. Mulvi has a total of 627,478 eligible customers. Notably, the number of states with the presence of Banese Card Elo Nanquim increased from 6 to 27 in the quarter, thanks to content marketing with prominent blogs and digital influencers, as well as the promotion of enhanced Elo Nanquim points.