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.
BNDES signs agreement to raise US$ 150 million through Japanese banks
The Brazilian Development Bank (BNDES) has just entered into a financing agreement in the amount of US$ 150 million with the JBIC and the Mizuho Bank, Ltd. The operation is within the scope of the GREEN Line, whose purpose is to provide support to projects focusing on preserving the global environment, promoting the reduction of greenhouse gas emissions, energy efficiency, and energy generation from renewable sources.