Rio de Janeiro – Since last year, loans granted by the Brazilian Federal Savings Bank, via its Superintendence for Oil, Gas and the Naval Industry, established in 2010, have reached 13 billion reals (US$ 6.3 billion). Of that amount, 10 billion reals (US$ 4.8 billion) concern credit operations carried out in 2011, and 3 billion reals (US$ 1,4 billion) concern operations carried out from January to July 2012.
The target for this year is for loans to the oil, gas and naval industries to reach 20 billion reals (US$ 9.7 billion). “We realize that there is a market for even more than that,” said the acting superintendent for Oil, Gas and the Naval Industry at the Savings Bank, Antonio Gil Padilha Bernardes Silveira, while attending the Fair and Conference of the Naval and Offshore Industry (Navalshore), in Rio de Janeiro.
There is no ceiling to the granting of loans to the industry, he guaranteed. “The Savings Bank has no funding issues. The funds granted by the Savings Bank to oil, gas, and naval construction companies in the country originate from the Savings Bank itself, the Brazilian Development Bank (BNDES) and the Merchant Marine Fund (FMM),” he said.
*Translated by Gabriel Pomerancblum
