The Brazilian Development Bank (BNDES) disbursed R$ 136 billion for investment projects in 2015. The Infrastructure sector received the largest disbursement with R$ 54.9 billion or 40.4% of the total, followed by Industry – to which the BNDES disbursed R$ 36.9 billion (27.1%) –, Trade and Services (R$ 30.4 billion or 22.4%) as well as Agriculture and Cattle Raising (R$ 13.7 billion or 10.1%).

On December 3, the Brazilian Development Bank (BNDES) signed an agreement to raise resources with three Japanese banks in the amount of US$ 100 million. The operation was sealed in Tokyo, and the Japan Bank for International Cooperation (JBIC) is the main source, with the Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank, Ltd. as associates.

Disbursements from the Brazilian Development Bank (BNDES) totaled R$ 105.5 billion between January and October 2015, with infrastructure standing apart as the sector that most required Bank financing. BNDES Card exclusive to MSMEs grew 4%. Releases to the “green economy” expanded 10.7%.

The Brazilian Development Bank (BNDES) recorded a net profit of R$ 6.639 billion in the first nine months of 2015. The main positive factor was the increase in financial intermediation, reaching R$ 14.515 billion, some 52.9% above that recorded in the same period in 2014. Another positive indicator was the BNDES’ low default rate, 0.02%, in the period. This is considerably below the 3.1% average in the National Financial System (SFN), which demonstrates the high quality of the Bank’s credit portfolio.