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3 unusual facts about Banco Pan


Banco Pan

Banco Pan was founded in 1969 when Grupo Silvio Santos, owned by billionaire media-man Silvio Santos purchased the Banco Real Sul and renamed to PanAmericano.

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Currently the bank headquartered in São Paulo is one of the largest midsize banks in Brazil, and has many competitors, as Daycoval, BicBanco, Banco Pine, and others.

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On January 29, 2010, the Brazilian newspaper Folha de São Paulo, announcied that the shortfall of the bank was of 4.0 billion reais (2.3 billion dollars).



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