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    Your email address will not be published.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

    Foreclosure sign

    Brazil Still Immune to US Mortgage Crisis, But Not the Rest of LatAm

    According to the joint indicator from Brazil's Getúlio Vargas Foundation (FGV) and the University ...

    Brazil currency

    Brazil’s Higher Inflation Leaves Little Room for Interest Rates Cuts

    Consumer prices in Brazil rose faster than expected in the month to mid-July on ...

    Brazil’s Expomilk Brings Businessmen from US and Canada

    The 14th edition of the Brazilian Dairy Cattle Exhibition and International Dairy Industry Expo ...

    Brazil Expecting a US$ 43 Billion Surplus for 2005

    Brazil’s current account balance was up US$ 911 million in the month of October, ...

    Brazil Repeats It Will Not Renew IMF Accord

    The International Monetary Fund (IMF) has completed the 10th and final review of Brazil’s ...

    Brazil’s Bribery Scandal Still Dragging Down Economy

    Latin American markets were again broadly lower, with Mexico leading the decliners. Meanwhile, Brazilian ...

    Let Brazil Have Its Nukes, Says Rice in Moscow

    In and interview with Aleksey Venediktov of Russian radio Ekho Moskvy Radio, U.S. Secretary ...

    Title

    How many people will want to pay for a DVD-CD combo when their equipment ...

    Campaign against dengue in Brazil

    110 Deaths Later Brazil’s Dengue Epidemic Seems to Be Easing

    Brazil's dengue epidemic in the state and city of Rio do Janeiro added another ...

    Life of the Party

    Other surprising track is Daniela Mercury’s remake of "Mutante", a Rita Lee hit from ...