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BNDES loan disbursements decline 32% YOY in first 2 months of 2018

Loan disbursements by Brazilian state-run bank Banco Nacional de Desenvolvimento Econômico e Social reached 6.85 billion Brazilian reais in the first two months of the year.

The amount is 32% lower compared to the same period last year, Reuters reported.

More than half, or 3.8 billion reais worth of loans were released to micro, small, and medium-sized companies.

The infrastructure sector got 2.44 billion reais, 1.1 billion of which went to the energy secctor, while agricultural loans accounted for 24.7%, or 1.7 billion reais.

As of March 21, US$1 was equivalent to 3.29 Brazilian reais.