ANNOUNCEMENT 22 Mar 2019

The National Bank for Economic and Social Development (i.e. BNDES by the acronym in Portuguese) approved a credit line for SMEs with beneficial interest rates.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Brazilian National Development Bank. Banco Nacional de Desenvolvimento Econômico e Social. Imprensa. "BNDES anuncia linha de crédito mais simples e ágil para micro e pequenas empresas" of 22 March 2019. Available at: https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-anuncia-linha-de-credito-mais-simples-e-agil-para-micro-e-pequenas-empresas/!ut/p/z1/tVVdk5owFP0tfeAx5grhq2_URd1V67S7risvToAAaSVBiNr--wbrTLfdym7HykuGe2_OOTnkXnCEn3Ak6J7nVHEp6Ea_ryJnPfUn4ZjMYQr2A4HgxnLJwg1h4pl4eSyAM08AODq_nwwBP-IIR4lQlSrwKhYpa9ZcNIqrXXJUYEAhS2YAL6uaiYYaIKTiCaeNAYkUiu1SacBxI6JiJ3QGbbgoKEoZSmqWciVRSXmDGg2x0VUM0ZxvUEVrikqe1FJHKrbdMUF1sqVpaNOqqhKe4pWVEub1M4IykiSIJJmLvD4lyLdTCr6ZguPbJxc6jhm9xcWOgqjb5GWr9znC_NYKIRgPpjYJJ_2Rb50Kuj7U7wijm6kJwdQewvDTx1EYmHilRbrnD9nHyz1nB7wQsi711bn_5aHrgA9JmiKnTwARoKa2z0mRm1FKTJ11khiP4QXD_QdLM7i39nTkw9h0L2ToPsCjc114-7rwl5pz91qn6lHAv2y3UaD7tW28bwo__VPDthT5RsY_x0ogYsvLcVSzjNWs7u1qHS6Uqpr3BhhwOBx6R_ReLve9uNaRSrd8JWvVcjRcsZdMf8MtZKOF_gnX7ebEs867-aaB0A0_N68Lb18X3r0qPCEXwt-9Nm0vvsnX_fVoeWY9G8z0Ja6oKhAXmTwJ_K88VbkoPes7R18_e4eHrMjL9Sy07NOy2ZdLT7WJchA_X5ZeE7z7Afso9ik!/dz/d5/L2dBISEvZ0FBIS9nQSEh/

National Bank for Economic and Social Development. Banco Nacional de Desenvolvimento Econômico e Social. Últimas Notícias. "BNDES amplia alcance de linha de crédito para pequenas empresas" de 28 de fevereiro de 2020. Available at: https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-amplia-alcance-de-linha-de-credito-para-pequenas-empresas/!ut/p/z1/tVVdl5owEP0tfeAxZoDwYd-oi7or1tPuuq68eEKIkhYCQtT23zdYz-m2W9ntsfJAQjK5M3OZO8ExfsKxpHuxoUqUkub6exm7q6g_CcdkBhE4DwSCG9sjcy-EiW_hxdEAzjwB4Pj8eTIE_IhjHDOpKpXhZSJT3qyEbJRQO3aMwICsLLgBoqhqLhtqgCyVYII2BrBSKr5LSwOOBxEtqlxQRHNGJeMo5SgXMqPthNU8FapEFa0pqvh2xyVtEG9BG9q0MVRMpHhprn1uOomJ9CtFBBKGfMoZcvrUBDMliQfklHNHUvFbOOswiLspXbTxPkeY3dohBONB5JBwYo769smg67f8jjC6iSwIImcIw08fR2Fg4aUO0jufpIkXe8EPeC7LutCFcv-LQ8-FPrA0Ra5JQHNILdR33BR5a0qJpXddluAxvPBw_8HWHrxbJxr1YWx5F3roTuDRvS68c134S8m5e02XWvjiy3YbB1qdrcy-Kfz0T_JsXWzyMvnZRAKZ2P4GxzVf85rXvV2tlzOlqua9AQYcDofeEb23Kfe9pNYrlRZ4Vdaq9dEIxV96-htuVjY60D_hutmc-PZ5Nt_UELrhZ9Z14Z3rwntXhSfkQvi717qtrhKrng6mukoqqjIk5Lo81fIFN8bF-vif11dVzAvf_i7Q18_-4WGdbYrVNLSd05Dvi4Wv2o1ikDwfFn4TvPsBor0RPg!!/dz/d5/L2dBISEvZ0FBIS9nQSEh/

Inception date: 22 Mar 2019 | Removal date: open ended

State loan

On 22 March 2019, the BNDES has announced the creation of a new credit line to support SMEs. 

The new financial tool will provide loans of up to BRL 500,000 (USD 128,436 at the time of the announcement) per customer every 12 months. The average annual interest rate is expected to be 1.3%.

The objective of the credit line is to enhance the access to financing for SMEs.

The total resources allocated to this financing instrument are unlimited, and the Brazilian Government expects to exceed BRL 1 billion (circa USD 256.9 million). 

 
Update
On 28 February 2020, the BNDES extended the credit limit to up to BRL 10 million per customer every 12 months (over USD 2.2 million at the time of the announcement) and includes companies with an annual turnover of up to BRL 90 million (USD 20 million). Previously, the credit line was limited to companies with an annual turnover of up to BRL 4.8 million (USD 1 million).

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
N/A