Overview
- The contract, disclosed Tuesday, commits R$2.307 billion over five years for conventional, special and telematic postal services inside Brazil and for international deliveries.
- BB said it did not run a competitive price process because roughly 97.84% of its postage spending falls under the Correios’ legal monopoly and no rival matches Correios’ national reach for the remaining services.
- The bank says the agreement followed internal technical analysis and legal review, uses the Correios’ standard adhesion contract applied to all customers, and sets prices under regulated tariffs or fixed commercial policy.
- The deal comes while the Correios faces deepening losses — a R$3.16 billion deficit in Q1 2026 — and after it took a R$12 billion loan from a five‑bank consortium that includes Banco do Brasil and is seeking about R$7 billion more.
- Beyond guaranteeing BB’s mail operations and coverage in remote areas, the contract ties the lender more closely to the postal operator and could draw scrutiny because the bank is simultaneously a major client and a creditor to the financially strained Correios.