BB reaches R$ 62 billion in payroll-deducted loans.
In the month that this type of loan celebrates its 10th anniversary, Banco do Brasil says it has more than 28% market share; BB's payroll-deducted loans represent 38% of the bank's individual customer portfolio in the last quarter.
From Agência Brasil
Brasilia – Banco do Brasil's payroll loan portfolio reached R$ 62 billion in the month that this type of loan celebrates its 10th anniversary. The bank says it has more than 28% market share.
According to data from the Central Bank, the balance of the entire financial system closed November at R$ 220,8 billion, with growth of 0,9% in the month and 14,9% in 12 months.
According to Banco do Brasil (BB), payroll-deducted loans represent 38% of the bank's individual customer portfolio in the last quarter. Currently, there are more than 4 million clients with active operations and approximately 10 active agreements. The bank also states that its customer base is concentrated among beneficiaries of the National Social Security Institute (INSS).
"For the coming years, our goal will be to maintain market leadership and continue contributing to the country's economic development," said BB's Director of Loans and Financing, Edmar Casalatina, in a statement.