From the Newsroom*
São Paulo – The Brazilian Development Bank (BNDES) announced today (13th) that it spent 66.6 billion reals (US$ 39.6 billion) on financing in the last 12-month period ending in February, a record-high value 21% higher than recorded in the previous 12-month period.
According to the bank, credit for the land transport sector accounted for the majority of the loans, totalling 12.1 billion reals (US$ 7.2 billion), a 71.4% rise. Next came the electric power sector, with 6.6 billion reals (US$ 3.9 billion), an expansion of 109%. Total financing for the infrastructure field was 26.5 billion reals (US$ 15.7 billion), an increase of 64%.
Funding for the industry, according to the bank, amounted to 26.8 billion reals (US$ 15.9 billion), a 10% decrease, but approvals of funds that have not been cleared yet reached 45.5 billion reals (US$ 27 billion), a 10% increase. To the agricultural field, disbursements totalled 5.1 billion reals (US$ 3 billion), a 52% growth.
*Translated by Gabriel Pomerancblum
