Question 1

What is Crédito Agrícola Terra Quente?

Accepted Answer

Crédito Agrícola Terra Quente is a Portuguese cooperative credit institution (Caixa de Crédito Agrícola Mútuo) operating in the northeastern Transmontana region of Portugal. It is part of the broader Crédito Agrícola Group, which represents Portugal's only cooperative banking network.

The institution serves agricultural communities and local residents across multiple municipalities in the Douro and Tua river valleys, focusing on rural banking services. As a cooperative bank, it operates under a mutual credit model where members are also stakeholders in the institution.

Question 2

When was Crédito Agrícola Terra Quente founded?

Accepted Answer

The current institution was formed in 1996 through a merger of three local agricultural credit cooperatives. The predecessor institutions were founded at different times: the Caixa de Crédito Agrícola Mútuo de Alfândega da Fé (November 1954), the Caixa de Crédito Agrícola Mútuo de Torre de Moncorvo (March 1960), and the Caixa de Crédito Agrícola Mútuo de Carrazeda de Ansiães (January 1987).

This consolidation strengthened the institution's presence in the Terra Quente region, creating a more robust financial entity to serve rural communities. The merger allowed for better resource allocation and expanded service capabilities across the northeastern interior of Portugal.

Question 3

Where is Crédito Agrícola Terra Quente headquartered?

Accepted Answer

The institution is headquartered in Carrazeda de Ansiães, Portugal. The head office is located on Rua Luís de Camões in this municipality within the Bragança district.

Question 4

Where does Crédito Agrícola Terra Quente operate?

Accepted Answer

Crédito Agrícola Terra Quente operates exclusively within Portugal's northeastern Transmontana region, covering approximately 1,643 square kilometers. Its service area includes the municipalities of Alfândega da Fé, Carrazeda de Ansiães, Freixo de Espada à Cinta, Torre de Moncorvo, and Vila Flor.

The institution maintains seven branch locations throughout this region, including agencies in Carrazeda de Ansiães, Alfândega da Fé, Torre de Moncorvo, Freixo de Espada à Cinta, Vila Flor, and smaller communities like Carviçais and Vilar Chão. This extensive network ensures banking services reach even remote rural areas where other financial institutions may not maintain a presence.

Question 5

What services does Crédito Agrícola Terra Quente offer?

Accepted Answer

The institution provides comprehensive banking services including current accounts, savings deposits, term deposits, consumer credit, mortgage loans, and agricultural financing. As part of the Crédito Agrícola network, it also offers insurance products through CA Seguros and CA Vida, investment funds, and payment cards.

Digital services include online banking, mobile banking applications, ATM access throughout the network, and contactless payment solutions. The institution specializes in financing agricultural activities, particularly viticulture in the Douro demarcated region, apple production, and cereal cultivation.

Business banking services support local enterprises with commercial loans, working capital financing, and payment processing solutions. The institution also provides agency services for Caixa Central, enabling access to a broader range of financial products.

Question 6

What makes Crédito Agrícola Terra Quente unique?

Accepted Answer

The institution's deep community roots and specialized knowledge of regional agricultural economics distinguish it from commercial banks. Its cooperative structure ensures that profits are reinvested in the region or distributed to member-associates rather than external shareholders.

Crédito Agrícola Terra Quente maintains strong relationships with local agricultural cooperatives, including CONFAGRI, providing tailored support for farmers and rural businesses. The institution's commitment to maintaining physical branches in small rural communities ensures financial accessibility in areas where it is often the only banking presence.

The bank's expertise in Douro wine region financing and understanding of seasonal agricultural cash flows allows it to offer customized credit solutions that reflect the realities of rural economic cycles.

Question 7

What type of financial institution is Crédito Agrícola Terra Quente?

Accepted Answer

Crédito Agrícola Terra Quente is classified as a Caixa de Crédito Agrícola Mútuo (Mutual Agricultural Credit Bank), which is a specific type of cooperative credit institution (CRDCREINS) under Portuguese law. This institutional form is unique to Portugal's agricultural cooperative banking sector.

As a mutual credit institution, it operates on cooperative principles where members have voting rights regardless of their capital contribution (one member, one vote). The institution is regulated by the Banco de Portugal (Portuguese Central Bank) and participates in the Portuguese deposit guarantee scheme (PT_FGCAM - Fundo de Garantia do Crédito Agrícola Mútuo), which protects eligible deposits up to €100,000.

Crédito Agrícola Terra Quente

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About Crédito Agrícola Terra Quente in Portugal