Page 46 - Sicredi Ingles Flipbook

importantly, it contributed to leveraging sustainable management and the presence of the credit union model in the North and Northeast regions, impacting regional development.
During Sicredi’s growth phase, also of note was the bolstering of the institution’s operations in the state of São Paulo. The nation’s biggest economy, responsible for around 40% of the national GDP, it proved to be a region with enormous potential for the growth of the credit union culture, both in smaller municipalities and in major urban hubs.
In 2015 alone, 110 branches were opened in the state. And, in May 2016, Sicredi became the first cooperative financial institution to establish itself on Avenida Paulista, located in the capital and considered the financial heart of Brazil.
Over the following years, Sicredi maintained its growth and expansion strategy at full steam. The network of branches in the South, especially in the city of Curitiba/PR and the entire state of Santa Catarina, was leveraged. In other regions, new branches were inaugurated - in Acre, in 2017; and in the following year the first branch in the Federal District, located right in the ‘Monumental Axis’ of Brasília, the city with the nation’s third highest GDP. During this period, we also expanded our presence in the states of Tocantins and Goiás.
Sicredi’s sustainable branch in João Pessoa/PB. Inside Sicredi branches.
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