trending Market Intelligence /marketintelligence/en/news-insights/trending/mFZ11h9aK6X3jdzT99mFbQ2 content esgSubNav
In This List

BNDES disbursements slip 13% through Q3

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


BNDES disbursements slip 13% through Q3

Disbursements by Brazilian state-owned bank Banco Nacional de Desenvolvimento Econômico e Social hit 38 billion reais in the first three quarters of 2019, down 13% from the same period of 2018.

For the 12 months through September, total disbursements reached 63.8 billion reais, little changed from the year-ago period, BNDES said. About half the funds disbursed in the first nine months of the year, 19.3 billion reais, went to micro-, small- and medium-sized enterprises.

By industry group, the infrastructure segment received the most disbursements between January and September, with 17.36 billion reais or 45.6% of the total amount. Meanwhile, disbursements to the agriculture sector hit 10.2 billion reais, rising 9% year over year.

The bank's approval for new financing totaled 32.3 billion reais for the first nine months of the year, 35% lower from a year ago.

As of Oct. 23, US$1 was equivalent to 4.06 Brazilian reais.