May 28, 2012

• The BNDES Exim Automatic helps leverage sales of Brazilian capital goods

The BNDES and the Bradesco S/A Bank signed the first contract for financing exports that can be used for the sale of capital goods manufactured in Brazil to African countries.

The line of credit, up to US$ 200 million, will be transferred by Bradesco’s international agencies and utilized to finance importers of Brazilian machinery and equipment. In addition to Africa, exports to Latin America will also be financed.

Funding will be made through the BNDES Exim Automatic, a line of credit the BNDES created at the end of 2010. Exim Automatic grants credit limits to foreign banks, which encourage transactions with their local clients and assume the credit risk to the
BNDES. Disbursements are made to exporters in Brazil after boarding, in cash and in Brazilian reais.

Since the start of operations, some 30 banks have already obtained credit limits, amounting to US$ 1.4 billion, to finance importers in Latin American countries to acquire goods exported from Brazil.

Among the exported products, we can highlight agricultural machinery and equipment, industrial machinery and tools, buses and trucks, road machinery, generators, transformers and telecommunications equipment manufactured in Brazil.

With payment terms of up to five years and competitive rates, the BNDES Exim Automatic is helping to leverage the sales of Brazilian companies abroad, especially in the competitive segment of capital goods, which is now expected to increase due to the international participation of Bradesco in Africa and Latin America.