BNDES disbursed R$ 105.5 billion up to October
Disbursements from the Brazilian Development Bank (BNDES) totaled R$ 105.5 billion between January and October 2015, with infrastructure standing apart as the sector that most required Bank financing. BNDES Card exclusive to MSMEs grew 4%. Releases to the “green economy” expanded 10.7%.
BNDES Profit up to September reached R$ 6.6 billion
The Brazilian Development Bank (BNDES) recorded a net profit of R$ 6.639 billion in the first nine months of 2015. The main positive factor was the increase in financial intermediation, reaching R$ 14.515 billion, some 52.9% above that recorded in the same period in 2014. Another positive indicator was the BNDES’ low default rate, 0.02%, in the period. This is considerably below the 3.1% average in the National Financial System (SFN), which demonstrates the high quality of the Bank’s credit portfolio.
BNDES disburses R$ 85 billion up to August
The infrastructure sector led the disbursements from the Brazilian Development Bank (BNDES) in the first eight months of the year with R$ 31.6 billion and participation of 37.3% in the total released. In second place comes industry with disbursements of R$ 25.2 billion (29.6%) from the total sum.
Norway fulfills its commitment to contribute one billion USD to the Brazilian Amazon Fund
Norwegian Minister of Climate and Environment Tine Sundtoft announced in Rio de Janeiro today that Norway will, before the global climate change summit in Paris in December, have fulfilled its 2008-commitment to contribute one billion USD to the Brazilian Amazon Fund in recognition of Brazil’s outstanding results in reducing Amazon deforestation over the last decade.