BNDES Reports Record Profit of R$ 12.5 Billion in 2022 Fueled by Financial Market

Written by Bruno Teles

Published on 16/03/2023 at 17:28

Updated on 16/03/2023 at 19:30

BNDES (foto/ivulgação)

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BNDES Held a Seminar on Tuesday, 14, at the Bank’s Headquarters in Rio de Janeiro, on Sustainable Development with the Presence of the Minister of Finance, Fernando Haddad, and International Economists.

The event, organized also by Fiesp (Federation of Industries of the State of São Paulo) and Cebri (Brazilian Center for International Relations), was an initiative created to strengthen the sustainable stock market in the national market. During the event, the president of BNDES, Aloizio Mercadante, spoke about the resumption of BNDES under this new government.

“Our project is to bring BNDES spending back to historical levels since the implementation of the real, which is 2% of GDP. To achieve this, we want to double the size of BNDES by 2026, so that it can fulfill its role in the economy and society in development,” he announced in an interview.

Accompanied by directors (Luciana Costa, Natália Dias, Tereza Campello, Helena Tenório, José Luis Gordon, Nelson Barbosa, and Alexandre Abreu), Mercadante presented the results for 2022, in which BNDES recorded recurring profits of R$ 1.25 billion.

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Court Acquits Mantega and Coutinho in Fraud Case

The judge of the 12th Federal Court of Brasília acquitted the accused of fraud and corruption against BNDES – National Bank for Economic and Social Development. The case was against former Minister of Finance Guido Mantega; former president of BNDES Leonardo Coutinho; and the son of former Minister Dilma Rousseff (PT) Leonardo Mantega.

The case involving Mantega’s work at BNDES began in Lava Jato, in Paraná. The STF then forwarded it to the Federal Court of Brasília, bringing the case back to the appeal phase. During the process, the former minister turned 70 to allow for prescriptions in cases of corruption and money laundering. According to the indictment, the scheme would operate through intermediaries linking businessmen to political agents who interfere in the decisions of the banking institution.

BNDES Reports Record Profit of R$ 12.5 Billion in 2022 Fueled by Financial Market

BNDES Held a Seminar on Tuesday, 14, at the Bank’s Headquarters in Rio de Janeiro, on Sustainable Development with the Presence of the Minister of Finance, Fernando Haddad, and International Economists.

Court Acquits Mantega and Coutinho in Fraud Case

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

It passed by Earth 170,000 years ago when our ancestors lived in caves and has now returned — a rare comet is visible to the naked eye in the sky this April and may never return again…

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Researcher found bones in rock on a Korean island and X-rays revealed a new species of baby dinosaur with feathers that hadn’t been seen in 15 years — scientists named it after a cartoon character…

At the top of trees in South America, scientists found a termite with such a strange body that it looks like a miniature sperm whale — and they named it Moby Dick…

In 1996, with just R$ 1, it was possible to buy items like pants and everyday goods, but what has happened to the purchasing power of Brazilians from the beginning of the Real Plan until today?

BNDES Reports Record Profit of R$ 12.5 Billion in 2022 Fueled by Financial Market

BNDES Held a Seminar on Tuesday, 14, at the Bank’s Headquarters in Rio de Janeiro, on Sustainable Development with the Presence of the Minister of Finance, Fernando Haddad, and International Economists.

Court Acquits Mantega and Coutinho in Fraud Case

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In 1996, with just R$ 1, it was possible to buy items like pants and everyday goods, but what has happened to the purchasing power of Brazilians from the beginning of the Real Plan until today?

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Privatized refinery charges diesel 87% more expensive than Petrobras.

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Brazilian multinational with debt exceeding R$ 11 billion resorts to the United States Justice and requests an additional 75 days to try to avoid a larger collapse, preserve contracts, and save 23,000 jobs.

It passed by Earth 170,000 years ago when our ancestors lived in caves and has now returned — a rare comet is visible to the naked eye in the sky this April and may never return again…

A brand that has been manufacturing motorcycles since 1901 launches its first electric model, and the price shocked the world: $3,000, weighing only 124 kg and accelerating from 0 to 60 km/h in 3.7 seconds…

Researcher found bones in rock on a Korean island and X-rays revealed a new species of baby dinosaur with feathers that hadn’t been seen in 15 years — scientists named it after a cartoon character…

At the top of trees in South America, scientists found a termite with such a strange body that it looks like a miniature sperm whale — and they named it Moby Dick…

In 1996, with just R$ 1, it was possible to buy items like pants and everyday goods, but what has happened to the purchasing power of Brazilians from the beginning of the Real Plan until today?