{"id":40759,"date":"2012-02-27T14:15:00","date_gmt":"2012-02-27T16:15:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/bndes-profit-totalled-us-5-billion-in-2011\/"},"modified":"2019-06-30T13:22:00","modified_gmt":"2019-06-30T16:22:00","slug":"bndes-profit-totalled-us-5-billion-in-2011","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/bndes-profit-totalled-us-5-billion-in-2011\/","title":{"rendered":"BNDES profit totalled US$ 5 billion in 2011"},"content":{"rendered":"<p>Rio de Janeiro \u2013 The Brazilian Development Bank (BNDES) had net profit of R$ 9 billion (US$ 5.3 billion) in 2011, 8.7% lower than in 2010 (R$ 9.9 billion). The figures were disclosed on Monday (27). According to the institution, the result is mainly due to the high cost of credit recovery in 2010, R$ 2.3 billion.<\/p>\n<p> According to the BNDES, the gross result (before tax and administrative expenses) was positive and fostered by the good performance of variable income credit portfolios, which contributed with 94% of profit formation. The treasury portfolio also had a positive impact, of 6% of the bank\u2019s result in 2010.<\/p>\n<p> The credit portfolio reached R$ 426 billion (US$ 249 billion) on December 31st, 2011, representing 20.8% of total credit offered by the National Financial System (SFN). Default grew to 0.14% of the total disbursed in 2011, below the average for the SFN, which reached 3.6% in the same period.<\/p>\n<p> Net assets in the BNDES system totalled R$ 61 billion (US$ 36 billion), which corresponds to reference assets of R$ 99 billion (US$ 58 billion), more than the R$ 83.1 billion (US$ 48.5 billion) of December 31st, 2010.<\/p>\n<p> Total assets in the BNDES system totalled R$ 625 billion on December 31st, 2011, presenting growth of R$ 75.8 billion (13.8%) as against December 31st, 2010.<\/p>\n<p> <b>*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total was 8.7% lower than that recorded in the previous year. The organisation\u2019s assets reached R$ 625 billion (US$ 365 billion).<\/p>\n","protected":false},"author":2315,"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-40759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The total was 8.7% lower than that recorded in the previous year. The organisation\u2019s assets reached R$ 625 billion (US$ 365 billion).","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40759","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40759"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40759\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}