Banco do Brasil (BB) has set up mobile branches that will travel to all regions of the country to offer credit to small rural producers, the bank’s president, Fausto de Andrade Ribeiro, said today in an interview for the program The Voice of Brazil.
Called Circuito de Negócios Agro 20/22, the third edition of the initiative will cover around 600 Brazilian municipalities and will offer R$ 1.5 billion in different lines of credit to encourage the acquisition of machinery and agricultural inputs for small-scale producers.
“We have evolved in relation to the first two editions. The carts will take, in addition to credit, knowledge to small producers. The Agro Business Circuit will raise the level of technical knowledge of the rural man”, explained Ribeiro.
According to the bank’s president, around 500,000 producers will benefit during the journey of the mobile agencies. In addition to banking negotiations, courses, workshops and exhibitions will be organized with the help of Banco do Brasil partners during visits to the municipalities.
“When the trucks arrive in small towns, they end up heating up the market. The entire agro business chain, as a partner, will be at the disposal of these farmers, offering products and services to improve productivity and business in the field”, he said.
debt negotiation
Over the debt negotiation task force held in December 2021, Fausto de Andrade Ribeiro said that the program exceeded the institution’s expectations. As he informed, about 146 thousand BB customers managed to renegotiate debts that averaged R$ 16 thousand. The total amount of credit renegotiated by the bank reached R$ 3 billion.
“The idea was born so that we could support the recovery of the economy. But also for people to resume normal lives, to remove that feeling of indebtedness, of weight. It was a help for Brazil to have a stronger economy”, he explained.
Regarding BB’s goals for 2022, the institution’s president stated that the expansion of digital services and the convenience in resolving banking issues will be the focus during the year. “[Pretendemos] continue to accelerate the digital transformation and have an increasingly efficient bank, bringing convenience to customers throughout Brazil”, he concluded.
