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Banco do Brasil has distributed amounts exceeding R$150 billion this year alone. Find out how these resources are used!
As one of the largest national banking institutions, Banco do Brasil (BB) has disbursed more than R$150 billion, directing it to agribusiness and family farming. This amount was distributed between January and October 19 of this year.
When we analyze it in relation to the same period of the previous year, we notice a growth of 12% in this allocation. On that occasion, the total amount allocated to these segments reached R$138 billion. Continue reading and better understand these numbers released by Banco do Brasil.
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Banco do Brasil allocated billions to agribusiness in 2023
In the 2023/2024 harvest, the bank has already allocated R$80 billion. Therefore, more than 242 thousand transactions have been concluded. The amounts also exceed those of the corresponding period of the 2022/2023 harvest, showing an increase of R$91,300.
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Among the notable points of this disbursement by Banco do Brasil, the financing closed with family farmers (Pronaf) and medium-sized producers (Pronamp) stands out. Thus, these groups make up 65% of the total transactions, covering more than 4.7 thousand cities.
Read also: Bolsa Família beneficiaries question additional amounts received
What does the bank declare?
According to Tarciana Medeiros, president of Banco do Brasil, BB has a historic commitment to partnering with family farming and national agribusiness. Therefore, the state-owned bank's goal is to provide capital to ensure that these workers obtain productive harvests.
In turn, Luiz Gustavo Braz Lage, BB's vice president of Agribusiness and Family Farming, mentions that the institution's focus is on carrying out sustainable transactions. One of these initiatives is the credit portfolio. Thus, according to Lage, the goal is to reach R$500 billion in portfolio by 2030. Currently, it is already approaching R$323 billion, showing a growth of 23% in relation to last year.
