Brazil’s BNDES Loans Over US$ 8 Billion

Brazzil Magazine covers

The Brazilian Development Bank (BNDES) spent US$ 8.4 billion in loans in the first semester of the year. The value is 10% superior to what was registered in the first semester last year and represents a record for the period.

According to information disclosed Thursday, July 7, by the bank, the performance was influenced mainly by financings to exports, which increased by 31% and reached US$ 2.47 billion, and by the credits given to the industrial sector, which increased by 39% to US$ 4.35 billion.


Within the industrial sector, almost half of the total, or US$ 2.05 billion, went to the transport material segment (aircrafts, automotive vehicles, vessels and railroad equipment), which was also the area that influenced the most the increase in exports credits.


Anba

Tags:

You May Also Like

Brazzil Magazine covers

RAPIDINHAS

It’s a pity we can’t talk by phone on Sundays any more. It’s a ...

Brazzil Magazine covers

World Corruption Index Downgrades Brazil to 70th Place

Brazil came in 70th place in the latest Corruption Perceptions Index (CPI) released Monday, ...

Brazzil Magazine covers

If Brazil’s Bankrupt Varig Is Sold 7,500 Workers Would be Fired and 40 Planes Retired

Luiz Roberto Ayoub, the judge who presides in the Rio de Janeiro business court ...

Brazzil Magazine covers

I Couldn’t Cheer for Brazil in the World Cup. Blame It on Their Arrogance or My Jealousy.

It wasn’t what I was expecting but a final traumatic weekend of losing World ...

Brazzil Magazine covers

Brazilian Businessmen Learn English to Draw Foreign Clients

In order to encourage economic and social growth in the municipality of Bento Gonçalves, ...

Brazzil Magazine covers

For the First Time Brazil Is Part of European Open Days

Geddel Vieira Lima, the Brazilian minister of National Integration, is participating in the event ...