SÃO PAULO, July 31 — Agibank, a bank that combines the efficiency and scalability of a digital platform with the proximity of in-person service, announced the launch of its proprietary investment platform, which is now integrated into the bank’s portfolio of financial solutions. Agibank is a subsidiary of Agi Inc. (NYSE: AGBK) (“Agi”).
The investments platform is part of Agibank’s strategy to expand its offering of products and services, in line with the growth of its customer base, which is increasingly diverse and features a higher concentration of individuals who maintain their recurring income at the bank.
“This launch represents another step in building an increasingly complete financial offering for our customers. We are starting with the CDB (Certificate of Deposit), which is a traditional product in the market and one that makes even more sense at this point in our journey, as we have a growing base of account holders who receive their income at Agi. In addition to expanding the options within the app, this solution strengthens our relationship with customers and contributes to the diversification of the bank’s funding sources,” said Marcello Dubeux, Chief Financial and Investor Relations Officer at Agibank.
“Beyond the CDB, the launch of the proprietary investment platform in our app will also enable the future distribution of Agibank Asset’s products, as well as third-party offerings,” Dubeux added.
Key features of Agibank’s CDB include a yield of 100% of the CDI, daily liquidity, and a low minimum investment amount. The product follows the tax rules applicable to fixed-income investments, including regressive IOF (Financial Operations Tax) for investments held for less than 30 days and Income Tax according to a regressive table, with taxation applied only on the earnings.
By expanding its presence in the customers’ financial journeys, the bank adds a new front for engagement and strengthens its strategy for revenue diversification and deposit gathering.