In 1996, the cooperative credit system created a private commercial bank.

 

With controlling interest linked to credit union centers of Sicoob, the Cooperative Bank of Brazil S/A, Bancoob, emerged with the purpose of providing financial products and services to cooperatives in competitive way.

 

Bancoob is a private commercial bank , a privately held corporation. It facilitates in reducing the costs of cooperatives which develop and distribute products and services typical in banking.

 

It's an organization formed by people and for people who have a common dream: to reduce social inequalities in Brazilian municipalities, democratizing access to financial products and services.