Caixa Econômica will open 268 physical branches by the end of 2021

Federal Savings Agency | Photo: André Rodrigues / Arquivo Gazeta do Povo

Caixa Econômica Federal has announced its intention to open 268 branches by the end of the year, against a forecast of 250 units. The data comes from the Central Bank. In contrast, Bradesco, Santander and Banco do Brasil closed 792 branches in the first half of the year.

Itaú Unibanco, which has reduced by 600 branches since 2019, opened three units during the same period, according to a report from Estadão.

The opening of new Caixa branches targets cities with more than 40,000 inhabitants. The president of the bank, Pedro Guimarães, told the newspaper that studies to open a branch start nine months in advance. Guimarães also said that the digital performance is not reaching the entire target audience, especially for the services offered by the bank, such as allowance and loan payments.

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