Brazilian Development Bank

Brazilian Development Bank
Banco Nacional de Desenvolvimento Economico e Social
Type Government-owned corporation
Industry Finance and Development
Founded (1952)
Headquarters Rio de Janeiro, Brazil
Key people Luciano Coutinho, (President)
Net income increase US$ 5.9 Billion (2010)
Total assets increase US$ 365.2 Billion (2011)
Employees 2.000
Website www.bndes.gov.br

The Brazilian Development Bank (Portuguese: Banco Nacional de Desenvolvimento Economico e Social, abbreviated: BNDES) is a federal public company associated with the Ministry of Development, Industry and Foreign Trade. Its goal is to provide long-term financing for endeavors that contribute to the country's development. BNDES is the largest development bank in the world.

BNDES Headquarters

The results of the endeavors financed by BNDES can be seen in the improved competitiveness of the Brazilian economy as well is in the higher quality of life of its population.

BNDES also seeks to strengthen the capital structure of private companies, the development of capital markets, the trading of machines and equipment and the financing of exports.

Since its establishment, on June 20, 1952, BNDES has financed large-scale industrial and infrastructure endeavors, and has played a significant role in the support of investments in agriculture, commerce and the service industry, as well as in small and medium-sized private businesses.

Another highlight is the support of social investments aimed at education and health, family agriculture, basic sanitation and mass transportation.

BNDES considers it fundamentally important, in the execution of its credit policy, to take into account ethical and environmental principles. As such, BNDES is firmly committed to the principles of sustainable development.

The financial support lines and programs offered by BNDES serve the investment needs of companies of any size and sector that have been set up in the country. The partnership with financial institutions with agencies established around the country facilitates the dissemination of credit, enabling greater access to BNDES's resources.

The BNDES has three integral subsidiaries: FINAME, BNDESPAR and BNDES Limited. Together, the three companies comprise the BNDES System.

External links

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Brazilian order of precedence — v · d · e Orders of precedence …   Wikipedia

  • Brazilian science and technology — have achieved a significant position in the international arena in the last decades.HistoryBrazilian science effectively began in the first decades of the 19th century, when the Portuguese royal family, headed by D. João VI, arrived in Rio de… …   Wikipedia

  • Brazilian military government — Federative Republic of Brazil (Republic of United States of Brazil until 1967) Republica Federativa do Brasil (República dos Estados Unidos do Brasil until 1967) Military dictatorship …   Wikipedia

  • Brazilian Armed Forces — Forças Armadas Brasileiras Parade of cadets of Academia Militar das Agulhas Negras in ceremony of the Marlins to new graduates. Service branches …   Wikipedia

  • Development economics — is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic growth and structural change but also on improving the potential for the mass of …   Wikipedia

  • List of development aid agencies — This is a list of aid agencies which provide regional and international development aid or assistance, divided between national and international organizations.National*Australia Australian Agency for International Development (AusAID) *Austria… …   Wikipedia

  • Brazilian Federal District —   Federal district   The city seen from the subway station of Águas Claras …   Wikipedia

  • Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …   Wikipedia

  • National Infrastructure Reinvestment Bank — Public infrastructure Assets and facilities Airports · Bridges · Broadband&# …   Wikipedia

  • Mixed-race Brazilian — Brazilian censuses do not use a multiracial category. Instead, the censuses use skin colour categories, with a Pardo (brown) one, that may include people of varied mixed racial ancestry, but probably also accounts for non mixed acculturated… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”