On December 3, the Brazilian Development Bank (BNDES) signed an agreement to raise resources with three Japanese banks in the amount of US$ 100 million. The operation was sealed in Tokyo, and the Japan Bank for International Cooperation (JBIC) is the main source, with the Bank of Tokyo-Mitsubishi UFJ and Mizuho Bank, Ltd. as associates.

Disbursements from the Brazilian Development Bank (BNDES) totaled R$ 105.5 billion between January and October 2015, with infrastructure standing apart as the sector that most required Bank financing. BNDES Card exclusive to MSMEs grew 4%. Releases to the “green economy” expanded 10.7%.

The Brazilian Development Bank (BNDES) recorded a net profit of R$ 6.639 billion in the first nine months of 2015. The main positive factor was the increase in financial intermediation, reaching R$ 14.515 billion, some 52.9% above that recorded in the same period in 2014. Another positive indicator was the BNDES’ low default rate, 0.02%, in the period. This is considerably below the 3.1% average in the National Financial System (SFN), which demonstrates the high quality of the Bank’s credit portfolio.

The infrastructure sector led the disbursements from the Brazilian Development Bank (BNDES) in the first eight months of the year with R$ 31.6 billion and participation of 37.3% in the total released. In second place comes industry with disbursements of R$ 25.2 billion (29.6%) from the total sum.