PagBank Achieves Strong Financial Growth Amidst Economic Challenges

PagBank's Impressive Financial Results

PagBank, a leading digital bank in Brazil, has announced its quarterly financial results for the third quarter of 2025, showcasing remarkable growth despite prevailing economic challenges such as high interest rates. The bank reported a recurrent profit of 571 million BRL, representing a robust 14% increase in net revenue. Furthermore, PagBank's loan portfolio experienced a substantial 30% growth, reaching 4.2 billion BRL, demonstrating the bank's effective strategies in lending to small and medium enterprises (SMEs).

Resilience in a Tough Economic Climate

In an era marked by economic slowdown, PagBank has managed to strengthen its financial position. Despite the weight of high interest rates, the bank's total deposits climbed to 39.4 billion BRL, reflecting a year-over-year growth of 15.3%. This can be attributed to an aggressive promotion of Bank Deposit Certificates (CDBs) and top-tier credit ratings from international agencies. The ability of PagBank to maintain such significant growth is a testament to its operational efficiency and commitment to offering competitive products.

CEO Alexandre Magnani expressed pride in the bank's achievements, stating, "We have disbursed over 2 billion BRL to shareholders in the form of dividends and stock buybacks over the last year. Looking forward, we remain optimistic as we continue to develop strategic initiatives and enhance our use of AI to further simplify our clients' financial journeys."

Focused on Sustainable Growth

The third-quarter results also highlight PagBank's ongoing focus on enhancing its offerings to a diverse customer base of 33.7 million users, which includes 1.6 million new clients acquired during the last quarter. The bank aims to provide an integrated portfolio of digital solutions that facilitate everyday financial transactions for both individuals and businesses. In response to the growing demands of the market, PagBank prioritizes the expansion of its loan services, aiming to improve access to sustainable financial solutions for millions of Brazilians.

"Our goal is to deepen our relationships with entrepreneurs and consumers while continuously creating value for our shareholders," Magnani added. "In this regard, the growth of our loan portfolio remains a long-term strategic priority."

Executive Changes and Future Outlook

In line with its growth strategy, PagBank also announced significant leadership transitions. Starting January 1, 2026, Carlos Mauad will take over as CEO following a planned succession process. Previously, Mauad served as Chief Operating Officer, and his extensive banking experience in Brazil positions him well for this new role. Additionally, Gustavo Sechin will become the Chief Financial Officer, ensuring continuity in the bank's financial operations.

Magnani and outgoing CFO Artur Schunk will join the board of directors to provide support during this transitional phase, ensuring stability for PagBank's future. Mauad emphasized the importance of this change, stating, "With over two decades of experience in banking and credit markets, I am confident that under my leadership, PagBank is well-prepared for the next chapter of growth."

Committed to Innovation

PagBank, part of the UOL Group and regulated by Brazil's Central Bank, continues to innovate within the financial services sector. By automating purchasing, selling, and transfer processes, the bank promotes a simpler and safer operation for both individuals and businesses. The institution currently supports a wide range of payment methods including credit cards, prepaid cards, bank transfers, and various online payment solutions, aligning itself with the evolving needs of its customers.

As it navigates this exciting period of transition and growth, PagBank's commitment to building the bank of the future remains steadfast. The bank's strategy focuses on delivering an optimal experience for its clients, ensuring it serves as a successful partner in their financial journeys. Overall, PagBank's impressive results demonstrate its resilience and adaptability in a challenging economic landscape, positioning it well for future success.

Conclusion

With strong financial results and a clear strategic focus, PagBank is setting a precedent in the digital banking sector. The combination of innovative solutions, customer-centric services, and executive leadership provides a solid foundation for continued growth in the years to come.