Brazil’s BNDES Loans Over US$ 8 Billion

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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

In Show of Force, Brazil Goes to War Games in Defense of Newfound Oil

Petrobras, the Brazilian state-controlled oil and gas multinational, made headlines last November when it ...

International Experts Discuss Sustainable Development in Brazil

The Brazilian Minister of Culture, Gilberto Gil, joined in today’s opening of the 1st ...

Brazil Boosts Investment in Agriculture by 12% to US$ 40 Billion

In the next few days Brazil is expected to announce the country's annual investment ...

Flying from New York Woman Gets Sick, Dies and Is Robbed in Brazil

Brazilian-American Maria Petrúcia Ribeiro da Silva, 68, died soon after arriving in Rio de ...

US’s Executive AirShare Orders Five Additional Brazilian Phenom Jets

Brazilian aircraft manufacturer Embraer has signed Executive AirShare, of Kansas City, Missouri, to a ...

In Lula’s Hand

So far so good, but the new President is untried as a national leader ...

Import of Narghiles in Brazil Grows Almost Six Fold

The diffusion of the use of the narghile in Brazil is boosting imports of ...

Brazilian Presidential Candidates Can’t See Eye to Eye on Mercosur’s Usefulness

Dilma Rousseff, the Brazilian presidential candidate handpicked by president Luiz Inácio Lula da Silva ...

Brazil Exports US$ 1.7 Billion in Leather, a 8% Slump

Leather exports from Brazil totaled US$ 1.68 billion from January to October this year, ...

Despite Record Beef Exports Brazilian Cattle Ranchers Can’t Make a Profit

For the third consecutive year, Brazilian cattle ranchers had a loss of revenue, in ...