Nov 16, 2021
BNDES creates matchfunding to invest up to BRL 500 million in forest recovery with support from partners
The following companies have already confirmed participation in the Living Forest Initiative: Petrobras, Coopercitrus, Heineken Group, Itaipu Binacional — in partnership with the Government of Mato Grosso do Sul — Philip Morris Brasil and Vale, through the Vale Fund
The Bank will participate with up to 50% of the resources applied in the initiative
The reforestation of 16,000 to 33,000 hectares with native species and biodiversity is expected
Aug 12, 2021
BNDES triples profit and attracts resources from the private sector for national development
The Bank attracts billionaire investments in concessions, such as sanitation in Rio, and financing for partnership projects. Gain from disposals of Vale's participating debentures and equity interests positively influenced the result. The BNDES transferred BRL 75.9 billion to the Treasury by July, including advance payments and ordinary payments, dividends and taxes. Profit in the quarter reaches BRL 5.3 billion, accumulating BRL 15.1 billion in the half year.