Brazilian Development Bank

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Banco Nacional de Desenvolvimento Econômico e Social

logo
legal form Public company
founding June 20, 1952
Seat Rio de Janeiro , Brazil
management vacant
Branch Long-term financing, state development
Website www.bndes.gov.br

The Brazilian Development Bank ( Portuguese : Banco Nacional de Desenvolvimento Econômico e Social , short form BNDES), based in Rio de Janeiro, is one of the largest development banks in the world and the most important instrument of the Brazilian government for long-term financing of investments in the Brazilian economy. It was founded on June 20, 1952 by President Getúlio Vargas . Since then, the BNDES has played a fundamental role in stimulating the expansion of industry and infrastructure in the largest South American country. BNDES has branches in Brasília , Recife and São Paulo , as well as agencies in London and Montevideo . Their slogan is O banco nacional do desenvolvimento .

background

The BNDES as an institution is linked to the Brazilian Ministry of Development, Industry and Foreign Trade and has the task of supporting projects that contribute to the further development of Brazil . Since it was founded, the BNDES has financed large companies in industry and infrastructure. She holds a prominent position in support of investment in agriculture , in trade and in the service sector , as well as micro-enterprises , as well as for small and medium-sized enterprises . Even with investment in social sectors aimed at education , health , in agricultural family businesses, health primary care , environmental protection and public transport to play a role.

Tasks of the bank

Plaque of the Brazilian development bank BNDES on the fortress wall, Morro de São Paulo .

The bank offers several financial support mechanisms for Brazilian companies as well as public administrations to realize investments in all economic sectors. The BNDES accompanies you from the analysis phase to the monitoring and places three factors that it considers strategic in the foreground: innovation, local development and socio-ecological development.

The bank is not really a bank. For example, it does not accept any deposits and is owned by the federal government of Brazil; there are no private shareholders. It has some equity, otherwise it is mainly financed through social security contributions. Since the BNDES pays for all of its activities from its own funds or from publicly managed pots, it is not exposed to financial market turbulence, even if its debt ratio increases.

Possible support should equally take into account the sustainability of the financing measures and the competitiveness of the costs, from the development of the investment projects to the acquisition of machines and new equipment which are produced in the country. But they should also generally lead to an increase in the Brazilian export economy. The company also made its contribution to the structural strengthening of private companies at the level of capital and the development of the capital markets.

Subsidy programs

  • FINAME ( Agência Especial de Financiamento Industrial ), a special loan program with the aim of financing the purchase of machines and equipment
  • BNDESPAR ( Banco Nacional de Desenvolvimento Econômico e Social Participações SA ), holding company for the management of the values ​​of guaranteeing partner companies in Brazil's capital markets

Web links

Commons : Brazilian Development Bank  - collection of pictures, videos and audio files

Individual evidence

  1. ^ The BNDES . bndes.gov.br. Accessed August 25, 2016 (English)
  2. ↑ Relative isolation . dandc.eu. 23 January 2013