BNDES’ disbursements reached R$ 54.8 billion by May
Disbursements from the Brazilian Development Bank (BNDES) reached R$ 54.8 billion between January and May of this year, representing a 20% drop against the same period in 2014. The infrastructure sector, with R$ 20.4 billion, accounted for 37.2% of the total, followed by industry, with R$ 16.3 billion, some 30% of the total.
BNDES disbursements reach R$ 33.3 billion in the first quarter
The Brazilian Development Bank (BNDES) disbursed R$ 33.3 billion in the first quarter of this year, registering a drop of 24% against the same period in the previous year. Approvals in the amount of R$ 21 billion and consultations in the amount of R$ 25 billion also dropped, respectively, 46% and 47% against the first quarter in 2014.
BNDES will host a conference call to present its 2014 Earnings Release on April 20
On April 20, at 11:00 a.m. (EST), at 12:00 p.m. (Brazil time), Selmo Aronovich (Deputy Executive Officer of Financial Division) and Sergio Foldes Guimarães (Deputy Executive Officer of International Division) will host a conference call to present the BNDES`s 2014 Earnings Release and discuss recent developments of the institution. The presentation will be followed by a Q&A session.