News
08/31/2010
BNDES holds call-to-bid for study on port sector
BNDES holds call-to-bid for study on port sector
The BNDES launched a call-to-bid to conduct a specialized, technical study on the Brazilian port sector. The purpose of the study is to analyze and assess the institutional organization and the efficiency of port management, aiming at more efficient operational standards, higher quality services, more competitive prices and fees for users, and more effective organizational structure.
08/26/2010
BNDES and Itaú sign the first Exim Automatic agreement
BNDES and Itaú sign the first Exim Automatic agreement
The Brazilian Development Bank (BNDES) and Itaú Bank signed the first agreement for the BNDES’ financing line for overseas banks, known as Exim Automatic. This new credit modality for post-shipment operations aims at stimulating Brazilian exports, especially in trading capital goods, increasing competitiveness.
08/26/2010
BNDES’ disbursements reach R$ 72.6 bn in the seven first months of 2010
BNDES’ disbursements reach R$ 72.6 bn in the seven first months of 2010
The disbursements of the BNDES reached R$ 72.6 billion in the first seven months of this year, showing a strong rhythm in the Bank’s activity, but with slight moderation regarding the same period last year. Compared with the first seven months of 2009, releases recorded a slight drop of 3%.
08/17/2010
BNDES posts profit of R$ 3.6 billion in the first semester
BNDES posts profit of R$ 3.6 billion in the first semester
BNDES recorded a net profit of R$ 3.6 billion in the first semester of 2010. The result is equivalent to an increase of 408.6% compared to the profit obtained in the same period last year, R$ 702 million. The main contributing factor for the BNDES’ performance was revenue from reverting credit risk, of R$ 1.9 billion, due to credit recovery in the amount of R$ 2 billion.
Highlights
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