Profile


The Brazilian Development Bank (BNDES) is a federally-owned company, governed by private law and with its own resources, linked to the Ministry of Development, Industry and Foreign Trade.

The BNDES within the Federal Government structure
The operations of the BNDES are aligned with the Ministry of Development, Industry and Foreign Trade, which, in turn, is part of the Republic’s Executive Branch.

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In accordance with the BNDES’ Statute, established by Decree Nº. 4,418, of October 11, 2002, the Bank is the main instrument for implementing the Federal Government’s investment policy, and its main objective is to provide support to programs, projects, works and services related to the country’s economic and social development. 

The BNDES’ Organizational Chart

 The Advisory Board, of which the Bank’s president is vice-president, provides superior guidance for the BNDES. In addition to the Presidency of the BNDES, there is the Auditing Division, the Head of the President’s Office, the Ombudsperson’s Office, the Executive Secretariat and the Legal Department. The vice-president is responsible for the credit, planning, risk management and economic research divisions. There are also six managing directors who report to the president. Each board of directors is responsible for different operational and management divisions of the Bank. Board of Directors 1: Project Structuring, Infrastructure and Basic Inputs. Board of Directors 2: Foreign and International Trade. Board of Directors 3: Finance, Indirect Operations and Administration. Board of Directors 4: Venture and Industrial Capital and Capital Markets. Board of Directors 5: Agriculture and Social Inclusion, Social Infrastructure and Environment. Board of Directors 6: Information Technology, Human Resources and Agir Project.

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The BNDES System comprises four companies: BNDES, FINAME, BNDESPAR and BNDES Limited, a subsidiary created in November 2009 with the aim of promoting the internationalization of Brazilian companies and attracting foreign investments.

The Bank currently has four facilities in Brazil (Rio de Janeiro, São Paulo, Brasília and Recife) and two abroad, in Montevideo and London.

The BNDES’ support is nationwide and its operational policy seeks to boost the demand for financing in less developed regions. The Bank grants financial support to individuals, companies and public administration. Due to its diversified operations, such clients may be subdivided according to the characteristics of the products being offered and/or the sectors involved.

The BNDES grants long-term financing, subscription of bonds/securities, non-reimbursable financial support and guarantees, operating by means of products and funds, according to the operation modality. The products define the general rules concerning financial conditions and the operational procedures for long-term financing, subscription of bonds/securities, besides providing guarantees.

Each product enables the creation of financing lines and programs to establish specific rules according to the beneficiary, sector and/or undertaking. Financing lines are linked to a single product and aim at meeting permanent demand. Programs can be linked to more than one product and meet specific demand, with an expiration date and previously established provisions.

Funds are sources of resources, statutory or legal, ruled by their own resolutions, which define specific operational conditions and procedures. Statutory funds are earmarked for non-reimbursable investments.

The BNDES’ Main Clients

The BNDES’ Main Clients
Group    Client Service provided Requirements
Companies
  • Agricultural, industrial, trade or service companies
  • Co-operatives or associations
  • NGOs, OSCIPs or foundations
 Financial support
  • To be capable of making payments in reimbursable operations
  • To be registered according to the BNDES’ requirements
  • To be up-to-date in terms of tax and social security obligations
  • Not to be in default with the BNDES or undergoing judicial recovery or bankruptcy
  • To have the guarantees to cover the risks of the operation
  • To comply with environmental legislation
Individuals
  • Farmers
  • Autonomous cargo shipping companies
  • School transport
  • Microentrepreneurs
Public Administration
  • Municipalities
  • States
  • Federal Government

The operations carried out by the Bank are divided into two main groups: direct and indirect. Direct operations are directly contracted with the Bank, while indirect operations are carried out by means of accredited financial institutions, when the BNDES transfers resources to the institution, and the latter transfers them on to the operation’s end client.

Products and services offered

Products and services offered
Type of operation Product Description
Direct
BNDES Finem Financing for undertakings with a minimum value of R$ 10 million
BNDES Credit Limit Credit for clients in good standing
Subscription of Bonds/Securities The purchase of minority shares or convertible debentures of a temporary nature or investments by means of closed funds
Project Finance Financing supported by a project’s cash flow
BNDES Sureties and Guarantees Provides guarantees with the aim of reducing the participation level in projects. Used in large-scale projects.
BNDES Bridge Loans Financing for a project, granted in specific cases, to speed up investments by granting resources during the structuring period of a long-term operation.
BNDES Exim Post-shipment Financing to commercialize Brazilian goods and services abroad
Indirect BNDES Automatic Financing for undertakings of up to R$ 20 million for micro, small, medium-sized or medium-sized-to-large companies, or up to R$ 10 million, if the client is a large company
BNDES Finame Financing for the production and sale of machinery and equipment
BNDES Finame Agriculture Financing for the production and sale of agricultural machinery and equipment
BNDES Finame Leasing Commercial lease of machinery and equipment
BNDES Exim Pre-shipment Financing to produce Brazilian goods and services earmarked for export
BNDES Exim Financing for domestic production earmarked for exports and sale of goods and services abroad
BNDES Card Pre-approved revolving credit for the purchase of products, inputs and services

The BNDES’ employees are selected by means of civil servant recruitment exams and hired under the Consolidation Labor Law (CLT) regime. The BNDES’ workforce also comprises interns and employees, which are linked to the term of the respective president, vice president and director.

Personnel profile

In December 2011, the Bank had a total of 2,738 employees, according to the following table:

Personnel profile
Personnel Nº of people Area of Performance Educational background
Area-end
Area-middle College degree (undergraduate, master’s, doctorate, specialization) High School Graduate Junior High Elementary (not completed)
Long-term employees (recruited) 2,738  1,244  1,494  2,411  274  31  21
Interns 314  162  152 -  314    
Temporary employees (not belonging to the BNDES' career plan) 79  34  45  68  11    
 General Total  3,131  1,440  1,691  2,479  599  31  21

Due to the favorable working conditions and atmosphere, employee turnover at the BNDES is low, with a total of 102 employees leaving in 2011. The turnover rate was 3.7%, with the majority brought about by retirement (2%). The following chart presents the turnover rate by gender, age and region, emphasizing that over 98% of the employees are allocated in Rio de Janeiro.

Turnover 2011

2011 Turnover - Female
Female - Turnover 2011
Age bracket/Region SP DF PE RJ General Total
  Nº % Nº % Nº % Nº % Nº %
Up to 30  -    -    -    -  1 0.04 4 0.15 5 0.18
Between 31 and 40   -    -    -    -   -     2 0.07 2 0.07
Between 41 and 50   -    -    -    -    -    1 0.04 1 0.04
Between 51 and 60   -    -   -     -  1  0.04 26 0.95 27 0.99
Over 60   -    -    -    -    -    1 0.04 1 0.04
total   -    -    -    -  2 0.07 34 1.24 36 1.31

 

2011 Turnover - Male
Male - Turnover 2011
Age bracket/Region SP DF PE RJ General Total
  Nº % Nº % Nº % Nº % Nº %
Up to 30   -    -    -    -   -     -  8 0.29 8 0.29
Between 31 and 40   -    -    -    -    -   -   3 0.11 3 0.11
Between 41 and 50   -    -    -    -    -    -  2 0.07 2 0.07
Between 51 and 60   -    -    -    -    -     -  42 1.53 42 1.53
Over 60   -    -    -    -    -    -  11 0.40 11 0.40
total   -    -    -    -    -    -  66 2.41 66 2.41

 The Bank guarantees its employees the right to associate freely and respects their right to join labor unions and collective negotiation. At the BNDES, all employees are covered by all and any collective negotiation.