Brazilian Development Bank: see WikiPedia for definition: http://en.wikipedia.org/wiki/BNDES
Bigger than the World Bank, Interamerican Development Bank, and the US EXIM bank ... combined!! "O BNDES já é maior do que o Banco mundial, o Banco interamericano de desenvolvimento e o Eximbank americano somados" Com tanto dinheiro, o BNDES deverá se consolidar como o maior banco de fomento do mundo. Com empréstimos de R$ 128 bilhões nos últimos 12 meses, o equivalente a US$ 73,1 bilhões (ao câmbio de R$ 1,75), ele já é bem maior do que o Banco Mundial (US$ 27 bilhões), o Banco Interamericano de Desenvolvimento (US$ 11 bilhões) e o Eximbank dos Estados Unidos (US$ 12 bilhões) somados. Mais correto seria rotulá-lo como um banco comercial. Até porque a carteira de financiamentos a empresas do BNDES também supera a do Itaú-Unibanco, do Bradesco, do Santander e do Banco do Brasil
Funded from taxpayer money - one of the primary sources of funds is from the "Fundo de Amparo ao Trabalhador" with resources from the FGTS, which are collected obligatory, which pays the contributors only a return of 3%, but then BNDES turns around and makes loans of long term through TJLP (taxa juros longo prazo - long term interest rate, BNDES), which is fixed at 6% per year.
The second source of funds for BNDES comes from the Tesouro Nacional (Treasury), with funds collected from all of society. The treasury borrows at a rate greater than the TJLP, the SELIC, used in securities issued by the government, is 8.75% per year.
source: article from magazine: "Isto e dinheiro", 11/11/2009
see article: http://www.terra.com.br/istoedinheiro/edicoes/631/artigo155647-4.htm
Opportunities for Entrepreneurs:
10/2008: As a result of the credit crisis blockade it credit caused for world-wide the financial crisis, the president it BNDES (Brazilian Development Bank), Luciano Coutinho, affirmed that the bank can need R$ 40 billion adds in 2009 to take care of to the order of Brazilian companies
Organizations to watch-
see also: Entering the US market from overseas
Sources & External LinksÇ
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