Brazil's smallest state bank with the biggest year on record: Banese — the state bank of Sergipe — tripled its profit in 2024, quietly becoming one of the most profitable small banks on the B3, all from a single northeastern state most international investors have never visited. Full nameBanco do Estado de Sergipe S.A. (Banese) Tickers / exchangeBGIP3 / BGIP3F (ordinary); BGIP4 / BGIP4F (preferred) — B3, São Paulo HeadquartersAracaju, Sergipe, Brazil SectorBanking — regional state-owned bank Employees~870 (2023 data; most recent available) Market value (market cap)~BRL 1.24 billion / …
Company Intelligence — Institutional Access
This dossier is part of our Company Intelligence database.
Full profiles, exchange dossiers and the regional intelligence briefs are available to institutional subscribers. Professional from US$490/year, Corporate US$1,450, Institutional US$3,900.
See institutional access →Already a subscriber? Log in.
Part of LatAm Company Intelligence
This company profile belongs to The Rio Times' research on every listed company and exchange in Latin America and the Caribbean. Browse the full intelligence hub →
Read More from The Rio Times
The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →