The Brazilian Development Bank (BNDES) expanded access to its working capital financing program. From now on, companies of all sizes and sectors may request resources from the BNDES Support Program to Strengthen the Capacity to Generate Job and Income (BNDES Progeren) with no restrictions whatsoever.

The Brazilian Development Bank (BNDES) recorded a net income of R$ 3.515 billion in the first half of 2015. The main factor that contributed to this result was the increase in financial intermediation – the Bank’s credit operations – which reached R$ 9.290 billion in the first six months of the year, some 54.9% above the same period in 2014.

The Brazilian Development Bank (BNDES) approved the first credit operation within the scope of the Fixed-Income Market Stimulus Program. The Bank will finance up to R$ 370.6 million of the Comgás’ investment plan for the 2015-2017 period, and the credit will be available to the company once it has complied with certain conditions, such as the issuance of debentures.

On July 9, the BNDES and other developing banks from the Brics bloc signed an accord for cooperation between the member institutions and the New Development Bank. The document was signed during a Brics summit meeting, held in the city of Ufa, in Russia.