BNDES - Brazilian Development Bank

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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
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%.
BNDES posts earnings of R$ 6.2 billion in 2015
The Brazilian Development Bank (BNDES) posted net earnings of R$ 6.199 billion in 2015. The main positive factor was the increase in the earnings from financial intermediation, which reached R$ 18.691 billion, up 39.6% on amounts registered in 2014. Another positive indicator was the steady and low default rate, at 0.06%, well below the average for the National Financial System, which was 3.4%. This reflects the high quality of the Bank’s credit portfolio.