BNDES - Brazilian Development Bank

Where am I? Home page  >>  Press Room  >>  News  >>  2018

BNDES carries out the early payment of R$ 30 billion to the Brazilian Treasury


With this prepayment, the Bank has liquidated R$ 210 billion in debts with the Union since December 2015


The Brazilian Development Bank (BNDES) on Thursday, 29, at the Federal Court of Accounts made the prepayment of R$ 30 billion (thirty billion reais) for the early settlement of contracts No. 755 and 807/PGNF/CAT and for the partial settlement of contract 904/PGNF/CAT, signed between BNDES and the Union. With this prepayment, the Bank has liquidated R$  210 billion (two hundred and ten billion reais) in debts with the Union since December 2015

The liquidation of R$ 30 billion on this date followed the decision approved by BNDES’s directors on last March 5 and by the Bank’s Advisory Board on the 9th of this month. It also followed the same procedure adopted in all prepayment operations since December 2016.

For the processing of these operations, BNDES sends an official letter to the Brazilian Treasury Department (STN), informing the prepayment’s approval and submitting the proposal of contracts to be prepaid for approval. From then on, the approval is up to the STN, being issued by the Ministry of Finance (an instance that, by contract, can formally authorize the anticipation). The issued order registers that the resources must be used for the sole purpose of reducing the debt, in accordance with the terms approved by the TCU in 2016. 


Recent News  Recent News
BNDES profit continues to rise and disbursements grow to meet needs during the crisis
R$ 9.8 billion in positive result is over 70% higher than in the first quarter of 2020. Recurring profit, which does not consider extraordinary effects, such as asset sales, is R$ 2.4 billion. More than half of the credit negotiated by BNDES went to green economy and social development. Project Factory advances with sanitation in Rio and other projects
BNDES supported more than 460,000 small- and medium-sized enterprises in 2020 and had a record profit of R$ 20.7 billion
For the first time, BNDES disbursed more to small- and medium-sized companies than to large ones. Total disbursement reached R$ 64.9 billion and grew 17% when compared to 2019