Rio de Janeiro – Funds disbursed by the Brazilian Development Bank (BNDES) totalled R$ 88.3 billion (US$ 38.4 billion) in the first half of this year, growth of 65% in comparison with the same period last year. On announcing the result, the institution’s president, Luciano Coutinho, said on Wednesday (14) in Rio de Janeiro, that this was the best performance obtained by the bank for a first half.
“It was a good result on all levels, in disbursement, in consultation, in approval and in eligibility,” he said. “In our evaluation, the first half shows continued investment, which is in contrast with private sector expectations.” In the half, approvals totalled R$ 91.190 billion (US$ 39.7 billion), 26% more than in the same period last year. The best result for a half. Eligibility totalled R$ 110.88 billion (US$ 48.3 billion), with 3% growth, and consultations, R$ 124.99 billion (US$ 54.4 billion – 6% growth).
By sector, industry received R$ 29.5 billion (US$ 12.8 billion – 33% of the total), growth of 93%, with special attention to the chemical and petrochemical sectors, mechanical and transport material. Infrastructure counted with 31% of the total disbursed, R$ 27.3 billion (US$ 11.9 billion), growth of 36%. The trade/service sector had disbursements of R$ 22.2 billion (US$ 9.7 billion), with participation of 25% over the total disbursed by the bank, growth of 62%. The agricultural sector received R$ 9.34 billion (US$ 4.1 billion), 111% growth in participation.
*Translated by Mark Ament