The 92.7% reduction of the spending on investment losses and the higher return provided by the variable income portfolio in the form of dividends, equity accounting and disposals, were the main contributions of the result of the shareholdings, originating mostly from the subsidiary of BNDESPAR holdings.

These two calls are initiatives by the Amazon Fund to reinforce forest preservation actions following two consecutive years (2015-2016) of increasing deforestation.

The National Bank for Economic and Social Development (BNDES) will present tomorrow in Brasilia (August 9th) the results of the Amazon Fund in 2016 and announce a new public call of projects for the conservation and sustainable use of the Brazilian Amazon, with a press conference scheduled for 10am.

This is the first time BNDES will act as Dealer for BC, a status that is granted by the Brazilian Central Bank every six months to only 10 banks and two brokerage companies. The Dealer’s role is to mediate market transactions of the Brazilian Central Bank with government securities in matched operations, which allow the daily adjustment of the money supply and interest rates.