BNDES - Brazilian Development Bank

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BNDES receives US$ 335 million from Germany’s KfW bank in support of renewable energy
On Monday, July 21, 2014, in Berlin, the BNDES and Germany’s KfW bank signed a loan agreement to the tune of US$ 335 million. Resources, raised by the Brazilian bank, will be used to finance wind park projects to be implemented in Brazil by Brazilian companies. The operation is the largest ever carried out by the German development bank in Brazil.
BNDES signs accords with China’s financial institutions
Today, the president of the Brazilian Development Bank (BNDES), Mr. Luciano Coutinho, signed memoranda of understanding between the Bank and Chinese financial institutions. The ceremony was held at the presidential Planalto Palace in Brasília, during a meeting between President Dilma Rousseff and China’s president, Xi Jinping, who has been in the country since the beginning of the week, when he took part in the VI Brics Summit.
BRICS development banks sign a cooperation agreement for innovation
On July 15, 2014, the presidents of the development banks in countries that comprise the BRICS – Brazil, Russia, India, China and South Africa – signed a cooperation agreement for innovation. Formalized during the VI Brics Summit, the Brics Multilateral Cooperation Agreement on Innovation aims at providing support for projects and initiatives that foster investments in technological innovation as well as innovation in processes and products throughout several areas of industry, services and agribusiness.
BNDES’ disbursements reach R$ 58.8 billion in the first quarter
Disbursements by the Brazilian Development Bank (BNDES) reached R$ 58.8 billion in the 1Q2014, up 8% in comparison to the same period in 2013. The result was driven by the infrastructure sector, whose releases totaled R$ 21.6 billion, a 48% jump in comparison to the 1Q2013, representing a 37% stake in the Bank’s total disbursements in January-April 2014.
BNDES posts R$ 1.56 billion profit in 1Q2014
The Brazilian Development Bank (BNDES) registered a net profit of R$ 1.56 billion in the first quarter of 2014. The amount is stable in relation to the same period in the previous year, R$ 1.59 billion, and it was sustained through financing and investment projects. The positive performance reflected the good result in the fixed-income segment.
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