The Brazilian Development Bank. BRAZIL Summit 2009. BNDES: Financing the Infrastructure Sector. MAURICIO BORGES LEMOS. April 2009. The Brazilian Development Bank. INSTITUTIONAL. Mission and Vision. Mission To foster sustainable and competitive development in the Brazilian economy,
BNDES: Financing the Infrastructure Sector
MAURICIO BORGES LEMOS
To foster sustainable and competitive
development in the Brazilian economy,
generating employment and reducing social
and regional inequalities.
To be the development bank of Brazil,
innovative, outstanding, and to proactively tackle the challenges of our society.
100% state company under private law
Key instrument for implementation of Federal Government’s industrial and infrastructure policies
Main provider of long-term financing in Brazil
Emphasis on financing investment projects
Brazilian Export Bank
Equity investor through BNDESPAR
As of Dec 31th, 2008
R$ 277.3 billion
US$ 118.7 billion
Finances long-term investments
Finances capital goods purchases and foreign trade
To support investments, promoting technological innovation and competitiveness.
Access to electric energy, telecommunications, urban transport, water supply and sanitation, increasing the offer of services ahead of demand to avoid harm to economic growth.
To increase industry production capacity. To make industry and service sectors more effective. To prioritize small and medium-sized companies. To support international business of Brazilian companies.
To promote external sales and reduce imports. Technological investments to increase content value of consumer goods.
Conditions and stimuli to intensify social benefits are established for the concession of BNDES credit.
Total Assets 118.6
Loans and Interbank Onlending 92.4
Shareholders’ Equity 10.8
Net Income 2.9
As of Dec 31th, 2008
Operational Expenses/Assets (%)
Non-performing loans (%)
0.86 0.68 0.11
1Rise in reference equity (net equity + subordinate debt + hybrid instruments) has increased BNDES’ Basel Index
Converted to US dollar on the disbursement dates
IDB = Inter-American Development Bank
IBRD = The International Bank for Reconstruction and Development (World Bank)
(*) Unlike other institutions, 12-month fiscal year ends June 30th
CAF = Corporación Andina de Fomento
As of December 31st, 2008
Contracted and approved:
Rio de Janeiro
The Brazilian Development Bank
of industrial investment