RIO DE JANEIRO, BRAZIL – The Caixa Econômica Federal will open 130 units throughout the country by the end of the year, the bank’s president Pedro Guimarães announced on May 20. In all, 79 branches to serve the public and 51 specialized agribusiness branches will start operating in 128 municipalities.
With the expansion of the network, the bank will operate in all Brazilian municipalities with over 40,000 inhabitants.
Caixa will open 20 branches in the Midwest region: 1 in the Federal District; 5 in Goiás; 7 in Mato Grosso and 7 in Mato Grosso do Sul. In the Northeast, 43 units will be opened: 3 in Bahia; 10 in Ceará; 19 in Maranhão; 1 in Paraíba; 8 in Pernambuco and 2 in Piauí.
In the North, there will be 33 new branches: 7 in Amazonas; 23 in Pará; 2 in Rondônia and 1 in Tocantins. Twenty units will be opened in the Southeast: 1 in Espírito Santo, 8 in Minas Gerais, 9 in São Paulo and 2 in Rio de Janeiro. In the South, the network will add 14 units: 7 in Paraná; 2 in Santa Catarina and 5 in Rio Grande do Sul.
This is the second expansion of Caixa’s service network announced this year. In January, the bank had announced the creation of 75 branches throughout the country, with priority for the North and Northeast regions.
With the expansion, Caixa will total 4,300 units, including branches and specialized service units. In addition, the bank has 8,985 banking correspondents; 13,226 lottery units, 2 boat branches and 8 truck branches, which add up to over 26,000 physical attendance points.