Banco do Brasil increases agricultural credit offer by 21%

Banco do Brasil increases agricultural credit offer by 21%

Chamber Articles Category: Agribusiness Post Date: 07/05/18 Source: Datagro By: Datagro
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Banco do Brasil will offer R $ 103 billion for the financing of the 2018/2019 agricultural harvest. The amount is 21% higher than what was made available in the last harvest, with lower interest rates.

Of the total volume of resources, R $ 91.5 billion will be allocated to producers and cooperatives, of which R $ 72.8 billion for funding and marketing and R $ 18.7 billion for investments. The remaining R $ 11.5 billion will be for companies in the agribusiness chain. BB also cut program interest rates by 1.5 percentage points on average. Read Full Article