trending Market Intelligence /marketintelligence/en/news-insights/trending/PTMGHud2vgOp4KIL5b2KcA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Brazil's BNDES repays 100B reais to Treasury, reduces dividend limits

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Brazil's BNDES repays 100B reais to Treasury, reduces dividend limits

Banco Nacional de Desenvolvimento Econômico e Social said it completed an early repayment of a debt of 100 billion Brazilian reais owed to Brazil's National Treasury.

"The decision to make a full payment of 100 billion reais was made considering BNDES' net disbursement flow for the next three years and the fact that this anticipation will not affect BNDES' equity structure or the full compliance with banking prudential rules," the state-run lender said in a Dec. 23 news release.

The bank's board also limited the amount of dividends or interest on equity to be paid to the federal government to 60% of its annual net income from an average of 85% distributed between 1997 and 2015.

Additional payment over the mandatory limit of 25%, however, will be conditional on BNDES' capacity to meet internal and external prudential limits in a three-year horizon, the bank noted.

Meanwhile, the development bank is seeking greater transparency in its variable income investments, Valor Econômico reported.

According to the bank's director for the capital market segment, Eliane Lustosa, the bank will consider some new parameters in 2017 with the aim to bolster the country's capital market, the report said.

As of Sept. 30, the bank's variable income portfolio was valued at 85 billion reais.

As of Dec. 26, US$1 was equivalent to 3.27 Brazilian reais.