Banco do Brasil Signs R$2.3 Billion Postal Services Contract with Correios Without Tender Process

Banco do Brasil (BB) has formalized a substantial R$2.3 billion contract with the national postal service, Correios, for a range of postal services over a 60-month period. This agreement replaces the previous 2021 contract, updated to reflect inflation adjustments. The contract covers conventional, special, and telematic postal services at both national and international levels.

According to BB, Correios holds a monopoly on approximately 99% of posted items, including services like the Authorized Letter Franchising (FAC) and Document Shipments. The remaining 1% covers non-monopolized services such as Sedex, for which two companies submitted competitive proposals, reinforcing the market competitiveness of Correios’ pricing. Banco do Brasil confirmed that the pricing offered by Correios aligns with the market standards, having conducted thorough technical and legal analyses before finalizing the contract.

BB emphasized the strategic importance of continuing the partnership with Correios due to the lack of alternative providers with equivalent national reach and operational capacity, especially in remote areas. They stated that the contract follows a standardized pricing policy applied uniformly without preferential treatment or individual negotiations. Banco do Brasil’s decision was taken independently and was based on the necessity to avoid operational losses while ensuring uninterrupted postal service provision.

This contract reflects the reality of Brazil’s postal market, where Correios maintains a postal monopoly, making competitive tendering nonviable in most service segments. The agreement underscores the value placed on reliability and coverage for critical postal operations, reaffirming Correios' dominant role in Brazil's postal service landscape.