São Paulo – The Brazilian Development Bank (BNDES) announced today (04th) that it has disbursed 79.1 billion reals (US$ 47.2 billion) in loans over the last 12 months. The infrastructure and industry sectors remain the leading generators of demand for funding.
According to the bank, 32.6 billion reals (US$ 19.4 billion) were granted to the infrastructure segment during the period, a figure equivalent to 41% of total loans, and 30.2 billion reals (US$ 18 billion) were granted to the industry (38%). In the first case, there was an increase of 74% compared with the preceding 12-month period. Performance was driven by the ground transportation and electric power segments. Financing to the industry, however, decreased by 1% using the same basis for comparison.
In the accumulated result for the first seven months of 2008, disbursements to the industry sector grew 26% to reach 18.5 billion reals (US$ 11 billion). Demand was driven up by food and beverages, the extraction industry, chemicals and petrochemicals, and textiles and clothing.
In turn, loans to the infrastructure sector totalled 17.2 billion reals (US$ 10.2 billion), representing growth of 68% in comparison with the first seven months in 2007.
*Translated by Gabriel Pomerancblum
