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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
11/14/2017
BNDES launches Angel Fund of Co-Investment for innovative Brazilian startups
The Co-Investment Angel Fund will have a 10-year duration (with the first five corresponding to the investment period) and committed equity estimated at R$ 100 million.
11/10/2017
BNDES registers a net income of R$ 3.2 billion in nine months
The Brazilian Social and Economic Development Bank (BNDES) registered a net income of R$ 3.202 billion in the 9-month period ended in September.