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Sicredi generated in 2024 the amount of R $ 25.5 billion in economic benefits for its 8.5 million associates, an 8.5% growth compared to 2023. It points out the economic benefit of Sicredi (BES), an indicator calculated by the Central Bank’s cooperative financial institution. The purpose of this measurement is to show the tangible economic benefits of Sicredi’s performance and reinforce the commitment to contribute to society. The value represented an average savings of R $ 2,931.17 last year for each of those associated with Sicredi.
Three indicators make up the index calculation. They are the economic benefit of credit (BEC), which measure the economy on credit operations through lower average rates compared to the average National Financial System (SFN); The economic benefit of the deposit (BED), which shows the additional gain with deposit through higher remuneration, and the economic benefits of the year (BEE), which measures the distribution of results, the payment of interest to capital and the amount reversed to the associate through educational and social actions.
“Credit cooperatives have in their reason for generating prosperity and these indicators prove that this purpose is put into practice by Sicredi. We seek to generate the best possible conditions for companies to grow, for people to finance their dreams and for farmers to make their planting, as well as remunerate the deposits of these associates. From it ”, highlights Sicredi’s Executive Director of Sustainability, Administration and Finance, Alexandre Barbosa.
Of the total amount of R $ 25.5 billion, Sicredi’s contributions to its members in 2024 included R $ 19.14 billion from Economic Credit Benefit (BEC), R $ 3.18 billion of Economic Deposits (BED) and R $ 3.15 billion for economic benefit (BEE), which is composed of interest payment of membership, results distribution, and fundraising destination, and fundraising. Technical, educational and social (FATES). The data were audited by Ernst & Young.
With these new results, the cooperative financial institution maintains the growth tendency of the BES index that has been happening in recent years. In addition to the 8.5% increase in 2024, Sicredi had computed an increase of 13% by 2023, generating R $ 23.5 billion in economic benefits compared to R $ 20.8 billion from 2022.
For the president of Central Sicredi Centro Norte, João SPenthof, the indicator reaffirms the benefits of cooperative performance directly to members, since the figure takes into account how much they save on using financial products and services in the cooperative, how much they earn when making their deposits and applications in the cooperative, and what they have to return through the distribution of results, the remuneration of capital and the most important impact, the most important impact generated In the lives of people and the community, through programs and other social actions.
“Once again we celebrate this result and emphasize the potential for transforming cooperativism. We support the realization of dreams, the growth of the members of the associates and above all, we contribute to the construction of a more just, citizen and cooperative society.
About Sicredi
Sicredi is a cooperative financial institution committed to the growth of its members and the development of the regions where it operates. It has a management model that values the participation of 8.5 million members, who play the role of business owners. With more than 2,800 agencies, Sicredi is physically present in all Brazilian states and the Federal District, providing a complete range of financial and non -financial solutions.
In the states of Mato Grosso, Pará, Rondônia, Acre, Amazonas, Amapá, Roraima, and some cities of Goiás, Sicredi is present in 253 municipalities and has 350 agencies, to serve more than 1.458 million members.
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