BNB announces further reduction in its interest rates.

Raphael Coutinho _PE247 – The Bank of Northeast Brazil (BNB) has announced another reduction in its interest rates for commercial credit operations targeting micro and small businesses. These businesses, the main beneficiaries, will find products with rates of approximately 0,5% per month. This is the bank's third reduction this year alone. Customers with investments at the institution will also feel the positive impact on their finances, as the overdraft rate will also be adjusted.

One of the reductions occurs in the Microenterprise Inputs Working Capital loan, which focuses on the acquisition of goods and inventory formation. With the announcement, the interest rate will be 0,55% per month for loans with a repayment term of up to 24 months, and may reach 0,53% per month for operations of up to six months.

According to the Financial Operations and Capital Markets Area of ​​Banco do Nordeste, the product has seen a reduction of more than 37% since last year and is one of the only ones on the market that offers a grace period of up to three months. “The basic interest rate of the economy, the Selic, has reduced from 11% per year to 9% since the end of last year, that is, two percentage points. The vast majority of Banco do Nordeste's rates have fallen much more than that,” assured the Financial and Capital Markets Director, Fernando Passos.

Customers with existing accounts at the institution will also benefit from reduced overdraft fees, which now start at 2,76% per month. The BNB Business Account also saw an interest rate cut, reaching 1,1% per month, one of the lowest rates offered by banks. Another credit line that experienced a significant reduction was the Simple Working Capital loan, designed to provide companies with resources for various payments. Currently, the rate for these operations is 1,19% per month, with a repayment term of up to 48 months.