Corporate Presentation
Financial Area
June, 2015
Summary
1. Institutional Aspects
2. Operational Policies
3. Capital Markets
4. Disbursements
5. Funding
6. Financial Performance
7. Social, cultural and environmental investments
1. Institutional
Aspects
BNDES Highlights
Founded on June, 20th, 1952.
100% state-owned 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.
Support to micro, small and medium-sized companies
is a BNDES´ strategic priority at the moment.
Time Line
50’s
60’s
70’s
80’s
90’s
00’s
Today
Infrastructure
Heavy Industry – Consumer Goods
Technological Development
Imports
Substitution
Energy
Agribusiness
Privatization
Program
Exports
Urban and Social Development
Social Inclusion
Innovation
Sustainability
Small Business
BNDES´ Headquarters & Offices
Brazilian Offices
International Offices
Belém
BNDES PLC (2009)
London / UK
Recife
Brasília
BNDES Latin America
and the Caribbean (2009)
Montevideo / Uruguay
BNDES Africa (2013)
Johannesburg / South Africa
São Paulo
Rio de
Janeiro
Team of 2,880 employees
(as of July 31st, 2015)
Mission, Vision & Values
Mission
To foster sustainable and competitive development in the Brazilian
economy, generating employment, while reducing social and
regional inequalities.
Vision
To be the Development Bank of Brazil, innovative,
outstanding and to proactively tackle the current and
relevant challenges of our society.
Values
Commitment to the country’s development, ethics,
public spirit and excellence.
BNDES and Brazilian Government Structure
Federative Republic of
Brazil
Legislature
Ministry of Development,
Industry and Foreign Trade
Executive
Judiciary
Relationship with other Government Agencies
MDIC
Ministry of
Development, Industry
and Foreign Trade
MF
Ministry of Finance
National Monetary Council
Central Bank of Brazil
Securities Exchange
Commission
Federal Taxation Office
National Treasury
TCU
Federal Court of Auditors
Private Insurances Agency
Group Structure
On June 30, 2015
Consolidated Assets
R$ 911.5 billion / US$ 293.8 billion
Finances long-term investments
Exchange Rate 06.30.2015= 3.1026
Source: Central Bank of Brazil
BNDESPAR
FINAME
BNDES PLC
Equity Participation
Machinery and Equipment
Production and Acquisition
Internationalization
of Brazilian companies
Organizational Chart
Advisory Board
Credit
Auditing
President
Executive
Secretary
Project
Development
President’s Office
Vice-President
Legal
Director 1
Director 2
Director 3
Director 4
Director 5
Director 6
Director 7
Infrastructure
International
Financial
Capital
Markets
Social Inclusion
Information
Technology
Planning
Basic Inputs
Foreign Trade
Indirect
Operations
Venture
Capital
Agriculture
Human Resources
Risk Management
Administration
Industrial
Environmental
AGIR Project
Economic
Research
Advisory Board
10 members,
including the
President
Representative
of the BNDES’
staff
Vice-president
(President of the
BNDES)
The Members of the Advisory Board presently are the following 1/:
Fernando de Magalhães Furlan (President)
Luciano Galvão Coutinho (Vice-president)
José Aldo Rebelo Figueiredo
José Eduardo Martins Cardozo
Vagner Freitas de Moraes
Nelson Henrique Barbosa Filho
1/
On September 9, 2015
Joaquim Vieira Ferreira Levy
Mauro Luiz Lecker Vieira
José Constantino de Bastos Junior
William George Lopes Saab
Nominated by MDIC (vacant)
Nominated by MTE (vacant)
Board of Directors
President
of the BNDES
Vice-president
of the BNDES
7
Managing Directors
The Members of the Board of Directors presently are the following 1/:
President
Luciano Galvão Coutinho
Vice-President
Wagner Bittencourt de Oliveira
Managing Directors
José Henirque Paim Fernandes
Julio Cesar Maciel Ramundo
Roberto Zurli Machado
Fernando Marques Santos
João Carlos Ferraz
(vacant)
1/
On September 9, 2015
Maurício Borges Lemos
Fiscal Council and Audit Committee
Fiscal Council 1/:
Paulo Fontoura Valle
Marco Antônio de Oliveira
Jaime Silva Herzog
Hailton Madureira de Almeida (deputy)
Francisco Arruda Vieira de Melo Filho (deputy)
Audit Committee:
João Paulo dos Reis Velloso
Attilio Guaspari
Paulo Roberto Vales de Souza
1/
On September 9, 2015
2. Operational
Policies
What we support
Investment Projects
Innovation
Infrastructure Projects
Acquisition of
Production Goods
Acquisition of Machinery and
Equipment
International support to Brazilian
Companies
Subscription of Securities
Who can apply for BNDES´ financing
Legal Entities
Established in Brazil
Brazilian Private
Individuals
Brazilian Public
Administration

Agro-business, industry, trade and service
enterprises

Cooperatives or associations

NGOs Civil Societies or Foundations

Rural Producer

Truckers

Micro-entrepreneur

Municipal

State

Federal
Company Size Ranking
M
Size
Gross Annual Operational
Revenue
Micro
Below R$ 2.4 millions
Small
Below R$ 16 millions
Medium
Below R$ 90 millions
Medium-big
Below R$ 300 millions
Big
Above R$ 300 millions
S
M
Es
Borrower’s Requirements
 Repayment capacity
 Be commercially registered
 Tax and social securities obligations paid up and in order
 Not be defaulter with BNDES nor undergoing a creditrecovery process
 Have collateral to cover the operational risk
 Comply with environmental legislation
3. Capital
Markets
Capital Market
The BNDESPAR plays a key role owing to:
Its commitment to long-term projects.
The size and quality of its portfolio.
Its performance in moments of higher volatility in the market.
Its capacity to attract other investors.
Its focus on corporate governance.
Its capacity to invest in all market sectors.
BNDESPAR’s Chain of investment
Capital
Market
Private Equity
Funds
Venture Capital
Funds
Criatec
Fund
Public
Offerings
Initial Public
Offerings (IPO)
BNDESPAR´s Roles








Strengthening capital market
Stimulating tender offer spreading
Consolidating national and international companies
Developing new products
Supporting the development of the funds industry
Fostering corporate governance practices
Stimulating fixed-income on the secondary market (issuing debentures)
Supporting innovative Micro, Small and Medium-Sized companies
BNDESPAR´s Portfolio on June 30, 2015
Nº COMPANIES ON BNDESPAR´S PORTFOLIO
158
Nº COMPANIES ON EQUITY INTEREST
141
Nº INVESTMENT FUNDS
47
4. Disbursements
Annual Disbursements (R$ X US$)
190
188
In R$ billion X US$ billion
168
156
139
136
96
91
82
88
79
72
70
65
51
69
49
34
24
2006
23
2007
2008
2009
R$ billion
2010
2011
2012
US$ billion
2013
2014
Jan-June
2015
Disbursements by Type of Transaction
Distribution in %
43%
57%
59%
53%
56%
61%
54%
52%
61%
57%
43%
41%
2006
2007
47%
2008
44%
2009
2010
Direct Operations
39%
2011
46%
2012
45%
48%
55%
39%
2013
Indirect Operations
2014
1H-15
Disbursements by Business Sector
Distribution in %
10%
7%
12%
8%
12%
6%
13%
16%
21%
28%
5%
27%
28%
22%
6%
7%
11%
31%
40%
39%
36%
7%
10%
34%
33%
32%
31%
30%
2011
2012
2013
9%
31%
40%
38%
36%
53%
41%
2006
2007
Industry
43%
2008
47%
2009
Infrastructure
47%
2010
Agriculture and Livestock
27%
29%
2014
1H-15
Trade and Services
Disbursements by Region (1H-15)
In R$ billion (%)
North
R$ 6.8 bi
(9.9%)
R$ 9.5 bi
(13.8%)
Northeast
R$ 5.7 bi
(8.2%)
Midwest
R$ 31.7 bi
(46%)
R$ 15.2 bi
(22.1%)
South
Southeast
Disbursements to Finance Exports
In US$ billion
11,3
8,3
6,6
6,4
7,1
6,7
5,5
4,4
4,2
1,0
2006
2007
2008
2009
2010
2011
2012
Converted to US dollar on the disbursement dates.
2013
2014
Jan-May
2015
BNDES loans go to big companies...
Distribution in %
78
75
76
79
22
25
24
21
2006
2007
2008
2009
64
68
67
68
71
36
32
33
32
29
2012
2013
2014
1H-15
73
27
2010
MS&MEs
2011
Large
...but also to small business
Number of Operations
(1H-15)
Disbursements
(1H-15)
479,746
R$ 69 billion
4,647
1%
11,018
2%
R$ 44.8 bi
65%
R$ 4.3 bi
6%
464,081
97%
R$ 19.7 bi
29%
Distribution by company size ranking:
Small Business
Medium-large
Large
5. Funding
BNDES Funding
Domestic Funding





FAT – Workers’ Assistance Fund
PIS-PASEP Fund
FI-FGTS
BNDESPAR Bonds
National Treasury
Foreign Funding
 Government Agencies and Multilateral Institutions
 Market Funding
 Bonds, Loans, Structured Notes (ABS)
Changes in Fundraising Sources – 1S15
R$ million
Multilateral
Institutions
National
Treasury
FAT
Bonds
195,460
506,215
16,356
22,768
INFLOWS
10,116
-
296
-
AMORTIZATIONS
(2,311)
INITIAL BALANCE
(466)
(1,051)
(5)
EXCHANGE VARIATION
2,799
3,746
2,748
3,322
INTEREST AND MONETARY ADJUSTMENT
5,152
13,873
204
621
(4,780)
(2,253)
(194)
(581)
(844)
PAYMENT OF INTEREST
OTHERS
FINAL BALANCE
-
-
325
206,436
521,115
18,684
25,281
FAT – Workers Assistance Fund
 Government-established fund: contribution on net operating revenues
 Independent of Federal Budget
 Remunerated at TJLP (Long Term Interest Rate), currently 6.0% p.y., or
LIBOR;
 Constitutional FAT: at least 40% of annual revenues are transferred to
the BNDES
 Special Deposits FAT: additional resources to the extent that revenues
from FAT exceed annual expenditures required by the legislation. Used in
specific programs and credit lines.
Constitutional FAT
Main Features
Stable source of funds to BNDES (article 239 of Federal Constitution).
Origin
40% of PIS-PASEP tax collections (1.65% of corporate revenues on a non
cumulative basis; 1% of the payroll of non profit oriented institutions and 1%
of net revenues of public administration entities).
Use of Funds
Programs promoting economic development through BNDES
Amortization Schedule
No predefined amortization schedule – quasi equity
Constitutional FAT
Cost of Funds: TJLP, in case of BRL credits, or US$ Libor, in case of US$
related financing (Law nº 9.635/1996).
Payments to the FAT: semiannual Interest payments, limited to 6.0% p.y for
the TJLP liabilities. The excess yield is capitalized and added to the
outstanding balance of FAT funds. BNDES´s US$ related liabilities pay US$
LIBOR flat.
There is no currency exposure or rate on the balance of the BNDES
Financing of production or commercialization of
goods in external markets
FAT
CAMBIAL
US$ based financings: cost of funds = Libor flat
Res. Codefat n° 320: up to 50% of
FAT Constitucional
FAT Special Deposits
Origin
Unused resources of FAT, contracted with the Labor Ministry and CODEFAT.
Use of Sources
Specific programs and economic sectors
Amortization Schedule
Amortization of loan with to the FAT
Cost of Funds
TJLP
Payments to FAT
It is required that the BNDES make monthly payments equivalent to 1 or 2%
of the balance, depending on the program.
Foreign Funding
Number
of Loans
US$
Million
First
Loan
Last
Loan
IBRD / World Bank
18
1.619
1953
1992
USA Eximbank
6
43
1957
1971
JBIC - Japan Bank for
International Cooperation
16
3.047
1962
2015
21
8.213
1964
2010
Infrastructure, Productive Investments, SMEs
13
779
1965
2014
Small and Medium-Sized Companies, Infrastructure and
Renewable Energy
1
5
1969
1969
Imported Equipment
Export Credits Guarantee
Department (England)
1
30
1976
1976
Imported Equipment
Eksportfinans ASA (Norway)
1
12
1978
1978
Imported Equipment
Skandinaviska Enskilda
Banken (Sweden)
1
15
1980
1980
Imported Equipment
Nordic Investment Bank
3
220
2002
2010
Mutual Interest Projects
China Development Bank
1
750
2007
2007
Infrastructure Projects
European Investment Bank
1
666
2011
2011
Climate Change Mitigation Projects
AFD - Agence Française de
Développement
1
206
2014
2014
Climate Change Mitigation Projects, Renewable Energy
and Energy Efficiency
1
100
2014
2014
Projects of Mutual Interest
1
220
2015
2015
Projects of Mutual Interest
Lender
IABD - Inter-American
Development Bank
KFW - Kreditanstalt für
Wiederaufbau (Germany)
Industrial Development
Corporation (South Africa)
SEK - Aktiebolaget Svensk
Exportkredit
ICO - El Instituto de Crédito
Oficial (Spain)
Purpose
Infrastructure, Small and Medium-sized Companies,
Environmental Projects
Imported Equipment
Productive Investments and Imported Equipment,
Export-oriented Brazilian companies, Climate Change
Mitigation Projects
National Treasury
• Resources from BNDES´ single shareholder.
• Each transaction has its specific conditions, like cost and amortization
schedule.
Amount
2010
2011
2012
2013
2014
R$ 24.8 billion
R$ 45.0 billion
R$ 10.0 billion
R$ 39.0 billion 1/
R$ 30.0 billion
Law 13,000/14
Legal basis
Law 12,397/11
Law 12,453/11
Law 12,453/11
Law 12,873/13 and
Law 12,979/14
Amount
R$ 80.0 billion
R$ 5.2 billion
R$ 45.0 billion
R$ 2.0 billion
Legal basis
Law 12,249/10
Law 12,397/11
Law 12,712/12
Law 12,788/13
R$ 30.0 billion
Provisional Measure
nº 661/14
R$ 104.8 billion
R$ 50.2 billion
R$ 55.0 billion
R$ 41.0 billion
R$ 60.0 billion
Total
1/
R$ 15 billion (Provisional Measure 618/13) classified as a hybrid capital and debt instrument, in shareholder's equity, following CMN Resolution No. 4192. of 03/01/13.
Funding in foreign markets - Bonds
Issue Year
Market
Principal
(currency million)
2008
Eurodollar/144-A
US$ 1,000
6.37
06.16.2018 (a)
2009
Eurodollar
US$ 1,000
6.50
06.10.2019
2010
Eurodollar
US$ 1,000
5.50
07.12.2020
2010
Euro MTF
EUR 750
4.13
09.15.2017
2011
Euro
CHF 200
2.75
12.15.2016
2013
Eurodollar
US$ 1,250
3.38
09.26.2016
2013
Eurodollar(b)
US$ 1,750
5.75
09.26.2023
2014
Euro Non-Dollar
EUR 650
3.63
01.21.2019
2014
Eurodollar
US$ 1,000
4.00
04.14.2019
(a) As amended on June, 2008
(b) US$ 1.25 billion in 2013 + US$ 500 million re-opening in 2014.
Coupon
(%)
Maturity (m.d.y)
Rating
Issuance of Long-Term
Foreign Currency
Local Currency
Global scale rating
Outlook
Global scale rating
Outlook
Moody´s
Baa3
Negative
Baa3
Negative
S&P
BB +
Negative
BBB -
Negative
Funding – Capital Structure
6.6%
6.9%
9.0%
10.2%
9.1%
7.6%
13.5%
13.7%
8.8%
16.3%
12.3%
5.9%
9.1%
6.3%
13.8%
11.8%
8.6%
8.4%
10.0%
8.6%
7.1%
4.3%
7.8%
12.0%
9.8%
7.0%
3.2%
4.6%
5.8%
4.0%
4.3%
3.6%
5.6%
10.7%
24.1%
3.6%
5.1%
23.4%
22.6%
22.5%
8.0%
3.5%
4.7%
3.8%
7.2%
4.2%
5.1%
3.7%
22.3%
22.6%
57.7%
57.2%
31.7%
50.6%
53.6%
52.3%
42.0%
46.1%
49.7%
52.6%
54.7%
37.3%
11.2%
15.6%
8.0%
6.9%
2006
2007
2008
National Treasury
FAT
PIS/PASEP
2005
2009
2010
2011
International Funding
2012
2013
2014
Shareholders' Equity
1S15
Other Sources
In June 2015, around 87.7% of BNDES’ total liabilities and shareholders’ equity are represented by
federal government resources.
Funding on June 2015 – Cash Flow
3.1%
3.4%
Return on Operations
National Treasury
93.5%
Others
6. Financial
Performance
Main Ratios
R$ billion
Assets x Equity
1000.00
900.00
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
.00
61.0
65.9
2010
2011
782.0
715.5
624.8
549.0
877.2
52.2
30.7
60.6
2012
2013
Assets
911.5
38.0
2014
1S15
Equity
Net Income
12,0
9.9
10,0
9.0
8.2
8.2
8.6
8,0
5.5
6,0
4,0
3.5
2,0
0,0
2010
2011
2012
2013
2014
1S14
1S15
Net Income
1S14
12000.0
1S15
R$ million
9,770
10000.0
8000.0
6000.0
4000.0
5,877
5,471
3,515
2000.0
3,703
121
105
-
(480)
(2000.0)
(911)
(994)
(730)
(634)
(4000.0)
Net income
Equity Investments
Financial
Intermediation
Allowance for loan
losses
Administrative and
Tax Expenses
Other Expenses, net
(4,252)
(2,589)
Taxes on net income
Assets - Evolution
R$ billion
1000
36,5
900
39,7
41,9
800
700
600
500
549
625
200
100
782
14,4
400
300
715
6,7
6,9
8,6
175
187
203
2005
2006
2007
9,4
387
877
12,1
13,8
277
911
3,9
0
2008
2009
Total Assets
2010
2011
2012
Average growth (%)
2013
2014
1S15
Main Ratios
R$ billion
120.0
100.0
80.0
25.0%
18.6%
20.6%
15.4%
99.1
89.6
83.1
60.0
40.0
15.9%
108.7
97.9
64.0
49.0
110.9
18.7%
63.8
17.0%
20.0%
15.0%
67.7
71.8
10.0%
52.9
20.0
5.0%
0.0
0.0%
2010
2011
Reference Equity - PR
1/
2012
2013
Risk-wheighted assets - RWA 1/
2014
1S15
Basel Ratio 2/
Due to the new rules from Basileia III, which took effect in 2013 (partircularly the CMN Resolution nº 4.193/13), for compartive purposes, the amounts of RWA (Risk
Weighted Assets) presetend between 2010 and 2012 are the amounts of Required Reference Equity (RRE), disclosured in the Notes, divided by the 0.11 factor.
2/
2013 and 2014 ratios are presented according Basel III, different from the others that are presented according Basel II.
Financial Position
R$ billion
1S15
ASSETS
Cash and cash-equivalents
2013
2012
2011
2010
16.1
7.9
0.5
10.3
5.4
10.1
667.6
651.2
565.2
492.1
425.5
361.6
68.3
63.4
87.8
96.8
101.7
109.5
109.7
105.0
89.0
84.0
71.8
48.0
49.8
49.7
39.5
32.4
20.4
19.8
911.5
877.2
782.0
715.6
624.8
549.0
240.1
229.1
209.8
194.7
178.0
163.1
521.1
506.2
428.2
376.0
310.8
253.1
International Borrowings
46.2
41.3
31.2
23.3
22.4
19.8
Others
66.1
69.9
67.2
71.6
52.6
47.2
Shareholders´Equity
38.0
30.7
45.6
50.0
61.0
65.9
911.5
877.2
782.0
715.6
624.8
549.0
Loans
Equity Investments
1
Securities
Others
Total Assets
LIABILITIES
2014
Institutional Funds
2
National Treasury
Total Liabilities
1
Equity investments in associated and non-associated companies and other investments.
2
Comprised by Fat and Pis-Pasep Funds
Loans and Interbanking Onlendings
R$ million, except percentages
June 2015
Loans
Allowance for losses
368,050
(2,756)
2014
%
343,070
(2,379)
7.3
15.8
Total
365,294
340,691
7.2
Interbank onlendings
303,153
311,315
(2.6)
Allowance for losses
(823)
Total
Gross portfolio
Allowance for losses
Net portfolio
302,330
671,203
(3,579)
667,624
(799)
3.0
310,516
(2.6)
654,385
2.6
(3,178)
651,207
12.6
2.5
Gross loan portfolio by Sector
As of June 30, 2015
Industry
19.4%
19.7%
5.0%
6.1%
18.7%
6.3%
7.4%
7.6%
9.8%
Coke, fuel and oil
Other transportation
equipments
Food
Mining
Vehicles, tow-trucks and
chassis
Pulp and paper
Public administration
9.6%
Chemical
7.0%
Metallurgy
Others
Trade and Services
28.6%
Construction
8.6%
Distribution per Sector
21.8%
Trade
24.4%
Real state, professional and
administrative activities
Financial and ensurance
activities
Others
8.2%
Infraestructure
21.3%
39.8%
2.9%
4.3%
5.5%
Electricity and gas
Land transportation
11.3%
43.6%
30.7%
Auxiliary transport service
Telecommunications
32.4%
Agribusiness
Trade and services
Industry
Infraestructure
Construction
Others
Loans and Interbanking Onlendings
R$ billion
June-15
Dec-14
Amount Provision
Performing
Non-Performing
Total Portfolio
Credits renegotiated
Balance Provision
670.9
3.4
654.3
3.1
0.3
0.2
0.1
0.1
671.2
3.6
654.4
3.2
8.8
8.1
Credits renegotiated / Total Portfolio
1.3%
1.2%
Non-performing credits / Total Portfolio
0.05%
0.01%
Provision / Total Portfolio
0.53%
0.49%
Provision / Non-Performing credits
11.73
36.11
Loans and Interbanking Onlendings – per
currency
14%
86%
June-15
16%
84%
2014
Foreign Currency
Local Currency
Loans and Interbanking Onlendings –
per maturity
1S15
2014
9.9%
18.6%
16.4%
2015
2015
35.4%
2016
2016
2017
2017
40.6%
15.9%
2018
2018
2019
2019
13.6%
After 2019
8.5%
10.9%
7.6%
12.7%
9.8%
In June 2015 and 2014, the past-due loans amounted 0.05% and
0.01% of the total loans, respectively.
After 2019
Resolution CMN 2,682/99
Risk Level
Days Overdue
Allowance (%)
AA
-
0.0
A
-
0.5
B
30 days
1.0
C
60 days
3.0
D
90 days
10.0
E
120 days
30.0
F
150 days
50.0
G
180 days
70.0
H
> 180 days
100.0
Quality of Loan Portfolio (%) - Rating
As of June 30, 2015
BNDES
System1/
SFN2/
Private Financial
Institutions
Public Financial
Institutions3/
AA - C
99.7%
92.9%
91.6%
93.9%
D-G
0.2%
4.6%
5.3%
4.0%
H
0.1%
2.5%
3.1%
2.1%
100.0%
100.0%
100.0%
100.0%
Total
1/
BNDES System = Consolidated
2/
SFN - National Financial System (all financial institutions that operate in Brazil)
3/
Includes BNDES
Non-performing Credits
4.30%
3.60%
3.60%
3.20%
3.00%
2.92%
2.80%
0.20%
0.15%
0.14%
0.06%
0.05%
0.01%
0.01%
2013
2014
0.00%
2009
2010
2011
2012
BNDES' Non-performing loans
SFN (%)
June-15
Equity investments – BNDES System
R$ billion
69.8
45.0
50.5
15.8
16.2
15.8
2.0
Non-associated companies
Dec 2013
Associated companies
Dec 2014
1.9
1.9
Investments in equity
funds
June 2015
BNDES x Multilateral Agencies
2/
China DB 3/ 4/
December 31,
2014
June 30, 2014
Dec 31, 2014
330,253
106,299
343,225
1,662,453
11,572
23,697
38,637
109,607
3,235
548
79,317
9,423
44,582
21.7
4.5
8.9
14.9
ROA (%)
1.0
0.5
(0.2)
1.0
ROE (%)
21.2
2.3
(2.0)
15.6
US$ million
Total Assets
Equity
Net Income
Disbursement
Capitalization (%)
BNDES 1/
IADB
December 31,
2014
1/
BNDES - BRL 2.6562 (December 31, 2014)
2/
The fiscal year (12 months) ends on June 30
3/
In BNDES we exclude the fair value adjustment in non-associated companies
World Bank
(786)
15,825
N/A
7. Social, cultural and
environmental
investments
Social Inclusion Disbursements
Sanitation
Healthcare
Urban Development
Financial Support of over R$ 21 billion in 2013.
Education
Social, Environmental and Innovation
In R$ billion
The support to projects related to social, environmental and innovation themes is
considered a strategic priority within the BNDES´ lines of financing .
(*) The disbursements related to “innovation” include the “Finep Inovação e Pesquisa” participation.
Cultural and Sports Disbursements
Preservation of collections
(audiovisual, archives etc.)
Restoration of
Historical Buildings
Brazilian Symphony
Orchestra
Brazilian Movie Industry
Sponsorship of
Cultural Events
Thursdays at BNDES
(Live Music Performances
at BNDES Auditorium)
Canoeing and
Paracanoeing
BNDES has invested more than R$ 1.4 billion in the Brazilian culture (1995-2013).
The Amazon Fund
BNDES manages the Amazon Fund, created by the Brazilian Federal Government.
The fund is supported by donations and net return from cash investments.
Amazon Fund: Brazil protects it. The world supports it. Everybody wins.
Financial Resources
Donors
Donations Received
Norway´s Government
US$ 882 million
Federal Republic of Germany (KfW)
US$ 28 million
Petrobras (Brazil)
US$ 6 million
Total
US$ 916 million
(*) As of July, 2015.
The Amazon Fund
The main objective is to provide financial support to projects
- through non-reimbursable investments - in order to prevent, monitor and
combat deforestation, as long as to foster the conservation and sustainable use
of the forests within the Amazonian Bioma.
Portfolio Composition
Number of
Projects
Financial
Resources
Under
consultation
09
US$ 79 milliones
Under analysis
12
US$ 71 milliones
Supported
69
US$ 328 milliones
Concluded
05
US$ 11 milliones
Total
95
US$ 489 milliones
(*) As of July, 2015.
Executors
Status
Third Sector
34
States
21
Municipalities
7
Universities
6
Federal Government
5
International
1
www.fundoamazonia.gov.br / www.amazonfund.gov.br