S\u00e3o Paulo \u2013 This Thursday (24th) National Development Bank (BNDES) announced that it granted 17.2 billion reals (US$ 10.3 billion) worth of loans in the first six months of 2011, a 7% increase over the same period of last year. Disbursements reached 8.3 billion reals (US$ 4.9 billion) in January and 8.9 billion reals (US$ 5.3 billion) in February.<\/p>\n
The bank informed that the increase was due to financing to micro, small and medium businesses, which reached 7,.7 billion reals (US$ 4.6 billion) in the first two months of the year, a 18% increase. The amount is equivalent to 45% of the total disbursed by the institution during the period.<\/p>\n
Credit to large businesses, on the other hand, remained stable at 9.5 billion reals (US$ 5.7 billion). According to the BNDES, the reason was that the bank ascribed priority to increasing its loans to smaller enterprises.<\/p>\n
The infrastructure sector accounted for 41% of disbursements in the first two months, especially in the electric power sector. Industry accounted for 32%, trade and services for 18%, and agriculture for 9%.<\/p>\n
With regard to industry, the highlights were transport material, chemicals and petrochemicals, and the extraction industry, according to the bank.<\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The National Development Bank’s disbursements grew by 7%. The performance was influenced by the increase in financing to smaller businesses.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-37629","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The National Development Bank's disbursements grew by 7%. The performance was influenced by the increase in financing to smaller businesses.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=37629"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/37629\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=37629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=37629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=37629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}