{"id":48765,"date":"2014-08-22T13:19:00","date_gmt":"2014-08-22T15:19:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/development-bank-profit-a-record\/"},"modified":"2019-06-30T13:05:10","modified_gmt":"2019-06-30T16:05:10","slug":"development-bank-profit-a-record","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/development-bank-profit-a-record\/","title":{"rendered":"Development Bank profit a record"},"content":{"rendered":"

São Paulo – The Brazilian Development Bank (BNDES, in the Portuguese acronym) has announced this Friday (22nd) that it posted a net income of R$ 5.471 billion (US$ 2.41 billion) in H1 this year. According to the bank, it is the best result ever for the period, up 67.8% from H1 2013. <\/p>\n

According to the bank, the results were influenced by the bank’s equity arm BNDESPAR, whose net income stood at R$ 2.148 billion (US$ 948 million), up 236% from H1 2013.<\/p>\n

The BNDES has also reported that return on net equity averaged at 8.53% in H1 2014, as against 6.73% in H1 2013. The Basel index, i.e. loans-to-equity ratio, scored 18.4% in June, exceeding the 11% rate required by the Central Bank, and higher than March 2014’s 17.1% and June 2013’s 15.8%.<\/p>\n

The bank’s standalone net income, BNDESPAR not included, was R$ 2.994 billion (US$ 1.321 billion), up 52% from H1 2013. Finame, the bank’s capital goods financing program, posted R$ 330.9 million in net income, down 25.5% H1 on H1. These two results plus BNDESPAR figures comprise the BNDES system’s global net income.<\/p>\n

According to the bank, consolidated net income was mostly fuelled by a 108.2% increase in returns on partnership interests, which exceeded R$ 3.7 billion (US$ 1.6 billion). Financial intermediation results were up 19.3% to R$ 5.994 billion (US$ 2.646 billion).<\/p>\n

The bank’s reference equity was R$ 110.458 billion (US$ 48.7 billion) as of June, up 1.65% from December 2013 and up 15% from June 2013. This figure concerns the bank’s financing capacity. <\/p>\n

*Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"

The Brazilian financial institution posted a net income of nearly US$ 2.4 billion in H1 this year, up 68% from H1 2013. Return on equity was 8.53%.<\/p>\n","protected":false},"author":2316,"featured_media":182083,"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-48765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The Brazilian financial institution posted a net income of nearly US$ 2.4 billion in H1 this year, up 68% from H1 2013. Return on equity was 8.53%.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48765","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=48765"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/182083"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=48765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=48765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=48765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}