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The BNDES System

The BNDES has two integral subsidiaries: FINAME and BNDESPAR. Together, the three companies comprise the BNDES System.

FINAME’s resources are earmarked for financing purchase and sales operations and exports of Brazilian machinery and equipment, as well as imports of goods of the same nature produced overseas. Its activities are developed in conjunction with the collaboration of the BNDES, which in turn is responsible for FINAME. However, the management of this agency is responsibility of its Administrative Board.

BNDESPAR is a business corporation, which has been established as an integral subsidiary of the BNDES. It carries out capitalization operations of undertakings controlled by private groups, while abiding by the BNDES’ plans and policies.

Among the other goals, the subsidiary is responsible for contributing to the strengthening of Brazil’s capital market by expanding the offer of securities and democratizing the ownership of company capital.

See also: Basic Legislation of the BNDES System.

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Recent News  Recent News
05/05/2016
BNDES approves R$ 2.3 bn in financing for Fibria’s new pulp production plant
The Brazilian Development Bank (BNDES) approved financing for Fibria-MS Celulose Sul Mato-Grossense, in the amount of R$ 2.3 billion to implement a new production line for whitened eucalyptus pulp in the city of Três Lagoas (MS), with a nominal capacity of 1,750 tons/year. The project includes acquiring wagons, locomotives as well as nationally-produced machinery and equipment, besides social investments in areas affected by the company.
04/26/2016
BNDES’ disbursements total R$ 18.1 billion in 1Q
The BNDES’ disbursements reached R$ 18.1 billion in the first quarter of this year, down 46% compared to the same period in 2015. Consultations, which totaled R$ 23.5 billion, dropped 7%, showing that the fall is slowing. The same result was posted in eligibilities, which reached R$ 22.7 billion, declining 4% in a quart-on-quarter comparison. Approvals, at R$ 13.5 billion in 1Q16, plummeted 37%.