Question 1

What is Crédito Agrícola Fundão e Sabugal?

Accepted Answer

Crédito Agrícola Fundão e Sabugal is a mutual agricultural credit institution operating as a cooperative bank in Portugal. It is one of approximately 75 local banks (Caixas de Crédito Agrícola Mútuo) that form part of the Sistema Integrado do Crédito Agrícola Mútuo (SICAM), Portugal's cooperative banking system.

The bank serves the central and interior regions of Portugal, focusing on retail banking, agricultural financing, and community development. With assets of approximately €270 million and a loan portfolio of €112 million, the institution serves around 35,000 customers and 6,996 members.

Question 2

When was Crédito Agrícola Fundão e Sabugal founded?

Accepted Answer

Crédito Agrícola Fundão e Sabugal was founded on July 14, 1932. The institution was established to provide financial services to farmers and rural communities in the Fundão and Sabugal regions during a period when agricultural financing was limited.

The bank has been part of the Sistema Integrado do Crédito Agrícola Mútuo since its creation, operating under Portugal's cooperative banking framework. In 2022, the institution celebrated its 90th anniversary of continuous service to the region.

Question 3

Where is Crédito Agrícola Fundão e Sabugal headquartered?

Accepted Answer

The bank is headquartered in Fundão, Portugal. The registered address is Rua dos Três Lagares, 6230-421 Fundão.

Question 4

Where does Crédito Agrícola Fundão e Sabugal operate?

Accepted Answer

Crédito Agrícola Fundão e Sabugal operates across six municipalities in central Portugal. It serves three municipalities in the Castelo Branco district: Fundão, Covilhã, and Belmonte.

Additionally, it covers three municipalities in the Guarda district: Sabugal, Almeida, and Figueira de Castelo Rodrigo. The bank maintains nine branch locations throughout these municipalities, including branches in Almeida, Alpedrinha, Belmonte, Caria, Covilhã-Anil, Figueira de Castelo Rodrigo, Fundão, Sabugal, and Silvares.

The institution also operates an agency in Loulé, Algarve, extending its geographic footprint beyond its traditional service area.

Question 5

What services does Crédito Agrícola Fundão e Sabugal offer?

Accepted Answer

Crédito Agrícola Fundão e Sabugal offers comprehensive retail banking services including current accounts, savings accounts, and time deposit accounts. The bank provides consumer loans, mortgage loans, and specialized agricultural financing for farming equipment, machinery, land purchases, and working capital.

The institution offers insurance products through CA Seguros and CA Vida, including agricultural insurance (CA Colheitas, CA Estufas, CA Incêndios Agrícolas) and equipment insurance. Wealth management and pension planning services are available through the group's specialized entities.

Digital banking services include CA Mobile, the group's mobile banking application, and CA Online for internet banking. Customers can access MB WAY for instant transfers, Apple Pay integration, virtual cards for online purchases, and biometric authentication.

The bank provides international payment services including SEPA transfers and Western Union services.

Question 6

What makes Crédito Agrícola Fundão e Sabugal unique?

Accepted Answer

Crédito Agrícola Fundão e Sabugal distinguishes itself through its strong commitment to agricultural financing, with approximately half of its €112 million loan portfolio dedicated to activities directly or indirectly related to agriculture. The institution maintains deep roots in rural communities and focuses on supporting local economic development.

As a cooperative institution, the bank operates without profit maximization as its sole objective, instead prioritizing member and community benefits. All nine branch locations operate in bank-owned properties, demonstrating long-term commitment to the region.

The institution employs approximately 40 staff members, with roughly half holding university degrees, ensuring professional service delivery. Its membership structure allows associates to participate in governance with equal voting rights regardless of capital contribution.

The bank plays a significant role in employment creation and population retention in low-density rural areas, contributing to economic, social, and cultural development across its service region.

Question 7

What type of financial institution is Crédito Agrícola Fundão e Sabugal?

Accepted Answer

Crédito Agrícola Fundão e Sabugal is a Caixa de Crédito Agrícola Mútuo (Mutual Agricultural Credit Institution), which is the Portuguese designation for cooperative banks. This institutional form is classified under Portuguese banking regulation as a credit institution (CRDCREINS) operating under cooperative principles.

As a cooperative bank, it is owned by its members (associates) who hold capital shares. The minimum individual participation is typically €500, with the institution's current total capital at €1,695,000 held by members.

The bank is supervised by the Banco de Portugal (Portuguese Central Bank) and operates within the Sistema Integrado do Crédito Agrícola Mútuo, overseen by Caixa Central de Crédito Agrícola Mútuo, which provides coordination, supervision, and financial representation for the cooperative banking system. Deposits are protected up to €100,000 per depositor through the Portuguese agricultural mutual credit deposit guarantee scheme (PT_FGCAM).

Crédito Agrícola Fundão e Sabugal

in Portugal 🇵🇹

Crypto-Friendliness

All done!

About Crédito Agrícola Fundão e Sabugal in Portugal