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%.

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.

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%).

The Brazilian Development Bank (BNDES) is taking on new measures to improve the financing conditions for Brazil’s production sector, so as to preserve production, jobs and income. One focus is to alleviate the cash flow for companies, allowing them to refinance operations using the BNDES PSI and expanding the term to quit debts in new operations using the BNDES Card.