BNDES - Brazilian Development Bank

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The BNDES System

The BNDES has three integral subsidiaries: FINAME, BNDESPAR and BNDES PLC. Together, the four 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.

For further details on the structure of BNDESPAR and FINAME, please refer to the Basic Legislation of the BNDES System.

Please read further information on BNDES PLC.


Recent News  Recent News
BNDES’ disbursements reached R$ 54.8 billion by May
Disbursements from the Brazilian Development Bank (BNDES) reached R$ 54.8 billion between January and May of this year, representing a 20% drop against the same period in 2014. The infrastructure sector, with R$ 20.4 billion, accounted for 37.2% of the total, followed by industry, with R$ 16.3 billion, some 30% of the total.
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.