BNDES - Brazilian Development Bank

BNDES presents two new directors


The board of the Brazilian Development Bank (BNDES) will have two new names nominated by President Joaquim Levy and brought to the Board of Directors.

The economist Denise Pavarina will take over the Corporative Board of Directors. First woman to hold the position of executive director of Bradesco, Denise was also president of the Brazilian Association of Financial and Capital Market Entities (Anbima) for more than one term. 

With extensive experience in business management and human resources, including in the financial sector, especially insurance, Roberto Marucco assumes the Strategy and Digital Transformation Board of Directors. He used to be Avon's vice-president, where he was responsible for the Global Technology Operations area. 

Claudia Prates and Ricardo Ramos leave the Board of Directors. On his behalf and the entire BNDES team, President Joaquim Levy appreciates the commitment, dedication and work done by directors Prates and Ramos, who "have contributed a lot to the Bank in their long careers at the institution."

A career BNDES employee since 1992, Claudia Prates has led two deputy managing boards before becoming managing director in 2016. Also a Bank employee for 26 years, Ricardo Ramos worked in the Bank's operating and management areas. Since 2016, he has been responsible for the Information Technology, Planning and Human Resources Department.

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BNDES registers a net income of R$ 11.1 billion in the first quarter of 2019
In addition to the expressive profit, the data for the first quarter of the year show the estimate of R$ 5.2 billion in taxes in the concept of competence, and R$ 7.1 billion in the concept of cash, thus substantially contributing to the federal government’s fiscal result in 2019.
BNDES disbursements grow 30% between January and March and total R$ 14.5 bi
The infrastructure sector, with emphasis on investments in electric power and transportation, grew 71% in the period and received R$ 7 billion Micro, small and medium-sized enterprises received R$ 6.25 bi (43.2% of total)