trending Market Intelligence /marketintelligence/en/news-insights/trending/bqHEAh1n3Y_lOhd_QFpoMA2 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

BNDES sees profit reaching up to 8.6B reais in 2022

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


BNDES sees profit reaching up to 8.6B reais in 2022

Brazil's Banco Nacional de Desenvolvimento Econômico e Social expects its annual recurring net profit to reach between 6.6 billion and 8.6 billion reais by 2022 as the state-owned development bank continues to divest its investment portfolio and shrink its loan book.

The earnings projection marks an increase from 5.5 billion reais booked for 2018.

In announcing its 2020-2022 strategic plan, the company said it will direct future investments primarily to the energy, transportation and sanitation sectors. It expects to end 2022 with a credit portfolio of about 421 billion to 490 billion reais, representing a decline from the 543 billion reais posted in 2018.

BNDES CEO Gustavo Montezano also reportedly reiterated the company's intention to divest much of its roughly 120 billion-real stock portfolio, saying it made little sense to retain its stakes in companies such as Petróleo Brasileiro SA and JBS.

The company is evaluating the sale of its entire stake in Petrobras, the state oil company, through a secondary offering. It has already divested stakes in some other Brazilian companies, including food processing company Marfrig earlier in the week.

As of Dec. 18, US$1 was equivalent to 4.06 Brazilian reais.