Bradesco predicts R $25 BI Agro portfolio in the semester

Bradesco projects to end the first semester with a loan portfolio for the agricultural sector in the range of R $25 billion, compared to R $18.5 billion at the end of 2018. By the end of the year, the bank wants to reach R $30 billion, which would increase its market share from 7% to 10%. With strong performance with small and medium producers, Bradesco now targets large farmers, who will have less government support in the 2019/20 Safra plan. "We will increase the structure, with professionals and new products, to gain participation," says Roberto França, director of agribusiness in the area of loans and financing. By the end of June, Bradesco will conclude the opening of 14 specific platforms to support agribusiness. Twelve have already been inaugurated, the most recent being in Luís Eduardo Magalhães (BA), opened last week during the Bahia Farm Show. Two other units, one in the north and the other also in the Northeast, are being installed. Digital In addition to the free and controlled interest credit lines, Bradesco will expand the portfolio of Rural product ballot (financial CPR), today in about R $4 billion. "The goal is to seek at least R $7 billion," says France. The bank wants to launch the digital CPR by the end of the year, with hiring credit through the Internet banking or application. The instrument gained strength with fewer resources to controlled interest and increased rural income. Looking for For agricultural and livestock costing, the bank allocated 50% of the R $340 million available in the Safra plan 2018/19 to the additional Pronamp, whose resources came from the change, in February, in the demand for deposits in sight. The credit is focused mainly on the average producer, at a rate of up to 6% per year for funding in up to 12 months and there are still resources to lend until June 30th.