ANNOUNCEMENT 17 May 2019

The National Bank for Economic and Social Development of Brazil (i.e. BNDES by its acronym in Portuguese), has announced the creation of a new credit line for medium-size companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

National Bank for Economic and Social Development. Banco Nacional de Desenvolvimento Econômico e Social. Últimas Notícias. "BNDES lança linha de financiamento voltada para médias empresas" de 17/05/2019. Available at: https://www.bndes.gov.br/wps/portal/site/home/imprensa/noticias/conteudo/bndes-lanca-linha-voltada-par-medias-empresas/!ut/p/z1/tZRRU6MwFIV_DY9pUkha6hur2K6ldhy3W8mLEyCU7EKCSUrVX2_o9sFd1zqOU3hgyNx855xwL5DCO0gl68SGWaEkq917Skf3yWQez_ASJYj8wCi6CMZ4NY7RPPThel-A3rkiBOnr_dOLxEdRQi7R5c31NI58-BNSSHNpW1vBNJMFN_dCGivsNt878FClGu4h0bSaS8M8JJUVuWDGQ7mSlm8L5aH9RlAzmTNQC1kx0KnasoKBlmnQ8MLVA94jDDO9YpuLAqYhKom7fTAsSwYwCTAIQ0RAPsrJiPtD4o8mh4RHjoAeP4B1r_easPwexCianScEx_PhdBIcCo4wUudh_L6HAK47wXdwJZVu3Fe7_WTE2UcKS_-LCh_gyWnx45PiMf4i_urv_njbYW4Kfb04X2wcltkKCFkqePe5pncM8evhgUZu3Pq5ebQHwunnzeXb1Cr78zuJZBaELojmJddcD7baLVfWtubMQx7a7XaDPX2wUd0g026lddKt0rY3Z4Tlby3-j1sp4xL-i4Nts2rC4An8LhdxgNOr7vnbNTg8aPYUPCd8_QKJ6mwY/dz/d5/L2dBISEvZ0FBIS9nQSEh/

National Bank for Economic and Social Development. Banco Nacional de Desenvolvimento Econômico e Social. Financiamentos. BNDES Crédito Direto Médias Empresas. Retrieved on 18/05/2019. Available at: https://www.bndes.gov.br/wps/portal/site/home/financiamento/produto/bndes-credito-direto-medias-empresas/!ut/p/z1/tVTLdtowEP2WLlgKyZIfcncuzybOG0rwJkfYMqjFkiMLaPr1FYae9ITEpIfGXkgjzdx56Q5M4D1MJFuLOTNCSba08jTxH85o3BmGLooH-M5H0fWNQ4a3Y0zHHpzUCuiNL0IwsddxeN4bulcoRt7IRVGXBO446KFziuE3mMAklaY0CzidyYxXD0JWRphVWkfQQgtV8BbKhWQyFazg0qiqhZZCLlgFSq3mmhV2l69ktr2oMUCqeSaMApnQ3C6FlawOL0rNK1ZtfZapyOCUUeI7oecAj4UBcAOGQZgRB6B0luc59omPnX2ODUkk76lRg0LSXMLJNt6_I7j6SnooGnZiz-2dO4OQ7BWa2tDUCLd_oDDoxhhFsddH_ZvLQS_CcGqzCN6uAoGTteAbOJZKF_bl3D0XmaLcsz8GTp4z4HrEBZQiD6R-6vkcOx72QzhERzxc4RM9HIH3PhY--FB41z0R_uwYUe0kwPqiczG3sMwsgJC5gvc7ti0tNRmoKQnWamlYxkDJ9AHtLIb4_viYRJbyShr-0-wRXue82NrJirWQVEZY8lt613arTP0h-ntd2_zmSzXbjbRIzgi1iWiec811e6Xt8cKYsvrcQi202WzaNXp7rtbtmbYnpXVdKm22wVXC8MMQX8NdqMpm-BLuZStpxxI06uIgJvEI425DK981rnbwb40bxz8R_uzYuPvHLv_fyd70TI-YlsW4oORJgB-3w19fLsGgM6ObUV7slwk19Iks189yFX36DRhzy1g!/dz/d5/L2dBISEvZ0FBIS9nQSEh/

Inception date: 17 May 2019 | Removal date: open ended

State loan

On 17 May 2019, the BNDES has launched a new credit line for medium-size companies. 

The new credit line offers loans of a minimum value of BRL 20 million (USD 2.4 million at the time of the announcement) with a term ranging between 48 and 120 months and an annual interest rate ranging between 8.19% and 8.59% (calculated based on the long-term interest rate values of May 2019). The terms and interest rate depend on the payment capacity of the beneficiary.

Companies can use the resources to finance projects related to construction, upgrades of installations, furniture and utensils, machinery and equipment and R&D among others.

The BNDES expects to allocate BRL 2 billion annually (circa USD 489 million).

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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