Mar 27, 2014

• Micro, Small and Medium-sized Enterprises (MSMEs) accounted for 41% of the Bank’s total releases. The Infrastructure sector grew 82% in this period

The Brazilian Development Bank (BNDES) disbursed R$ 28.5 billion in the first two months of 2014, up 35% compared to the same period in the previous year. The result was boosted by the infrastructure sector, with R$ 9.8 billion in releases, some 82% more than in January-February 2013.

Also important was the 38.2% increase in the releases from the BNDES Finame line, with disbursements of R$ 14.1 billion to acquire machinery and equipment, buses and trucks, mainly. Due to the increase in interest rates in the BNDES Investment Maintenance Program (BNDES PSI) in January this year, there was a strong demand for resources at the end of the previous year, which positively influenced the disbursements in the beginning of 2014.

Another highlight are the Micro, Small and Medium-sized Enterprises (MSMEs), to which the BNDES earmarked R$ 11.5 billion in the first bimester, carrying out 165,800 operations. With this, in terms of amounts, the MSMEs accounted for 41% of the Bank’s total releases.

The largest portion of BNDES’ resources went to the infrastructure sector, which received 35% of the period’s total releases. Such positive performance largely reflects disbursements to transport segments (logistics), related to airport and highway concessions, as well as investments in subways, mainly.

In Industry, however, with disbursements of R$ 8.5 billion and a 25% increase in January-February this year, highlights were chemistry, petro-chemistry and transport equipment segments. The industrial sector received 30% of the total amount released by the BNDES.

Contrary to disbursements, approvals, consultations and eligibilities all registered a decrease in the bimonthly comparison. With a total of R$ 20.8 billion, approvals were down 18%, consultations, at R$ 17.7 billion, declined 21%, and eligibilities, at R$ 26.8 billion, fell 4%. All sectors had fewer approvals in the period. 

Click here for the BNDES’ Performance Bulletin in the first bimester of 2014.