The Brazilian Development Bank (BNDES) disbursed R$ 33.3 billion in the first quarter of this year, registering a drop of 24% against the same period in the previous year. Approvals in the amount of R$ 21 billion and consultations in the amount of R$ 25 billion also dropped, respectively, 46% and 47% against the first quarter in 2014.

The Brazilian Development Bank (BNDES) signed a R$ 6.6 million agreement with the Ashaninka Association of the Amônia River within the scope of the Amazon Fund. The operation was approved in February 2015, and the agreement, signed on April 16.

On April 20, at 11:00 a.m. (EST), at 12:00 p.m. (Brazil time), Selmo Aronovich (Deputy Executive Officer of Financial Division) and Sergio Foldes Guimarães (Deputy Executive Officer of International Division) will host a conference call to present the BNDES`s 2014 Earnings Release and discuss recent developments of the institution. The presentation will be followed by a Q&A session.

Disbursements made by the Brazilian Development Bank (BNDES) reached R$ 187.8 billion in 2014, dropping 1% against the R$ 190.4 billion from 2013. The result is keeping with the Bank’s expectations for stabilizing releases. Concerning approvals and inquiries, indicators also show a moderate performance.