{"id":47334,"date":"2014-02-28T15:35:00","date_gmt":"2014-02-28T17:35:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/development-bank-profit-remains-stable\/"},"modified":"2019-06-30T13:07:38","modified_gmt":"2019-06-30T16:07:38","slug":"development-bank-profit-remains-stable","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/development-bank-profit-remains-stable\/","title":{"rendered":"Development Bank profit remains stable"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian Development Bank (BNDES, in the Portuguese acrony,) has announced this Friday (28th) that it posted R$ 8.15 billion (US$ 3.47 billion) in net income last year, a similar amount to 2012&rsquo;s R$ 8.126 billion (US$ 3.46 billion). The bank has also reported that the insolvency rate was the lowest ever at 0.01%. <\/p>\n<p>The BNDES is the leading financier of long-term projects in Brazil, and also retains an important stake in credit supply to foreign trade. <\/p>\n<p>According to the bank, the result in 2013 was underpinned by the growth of Finame, a machinery and equipment financing program intermediated by BNDES-accredited financial institutions. Net income from Finame went from R$ 710 million (US$ 302.5 million) in 2012 to R$ 1.538 billion (US$ 655.3 million) in 2013.<\/p>\n<p>The net income from Finame offset declining gains from the bank&rsquo;s direct operations, which dropped from R$ 5.393 billion (US$ 2.298 billion) in 2012 to R$ 4.894 billion (US$ 2.085 billion) in 2013. According to the BNDES, the reason was a reduction in spreads levied on lenders. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-184987\">Press Release\/06.12.2013<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brazil\u2019s BNDES posted US$ billion in net income in 2013, virtually the same as in 2012. The insolvency rate was the lowest ever at 0.01%.<\/p>\n","protected":false},"author":2316,"featured_media":184987,"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-47334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"Brazil\u2019s BNDES posted US$ billion in net income in 2013, virtually the same as in 2012. The insolvency rate was the lowest ever at 0.01%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47334","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=47334"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/184987"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=47334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=47334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=47334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}