São Paulo – This Thursday (6th) the Brazilian Development Bank (BNDES) announced that it disbursed 67.9 billion reals (US$ 33.2 billion) in loans from January to July, down 2% from the same period of last year. Of all loans, 34% went to industry, 33% to infrastructure, and 25% to trade and services.
In July, loans amounted to 14.3 billion reals (US$ 6.9 billion), up 5.6% from the same month of 2011. The result, according to the bank, was driven by industry, which received 7.6 billion reals (US$ 3.7 billion), up 133% using the same basis of comparison.
*Translated by Gabriel Pomerancblum
