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June, 2016
Corporate PresentationControlling Division
Agenda
1. Institutional Aspects
4. Disbursements
5. Funding
6. Financial Performance
7. Social, Cultural and Environmental Performance
2. Operational Policies
3. Capital Markets
1. Institutional Aspects
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.
BNDES Highlights
Rio de Janeiro
Brasília
Recife
São Paulo
Belém
BNDES´ Offices
Team of 2,816 employees (as of August 31 st, 2016)
Infrastructure
Heavy Industry – Consumer Goods
Technological Development
Time Line
Energy
Agribusiness
Exports
Urban and Social Development
Social Inclusion
Innovation
Sustainability
Small Business
Imports Substitution
Privatization Program
50’s 60’s 70’s 80’s 90’s 00’s Today
Mission and Vision
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.
BNDES and Brazilian Government Structure
Federative Republic of Brazil
Legislature Executive Judiciary
Ministry of Planning, Development and
Management
Relationship with other Government Agencies
MPOG Ministry of Planning,
Development and Management
National Monetary Council
Central Bank of Brazil
Securities Exchange Commission
Federal Taxation Office
National Treasury
Private Insurances Agency
MFMinistry of Finance
TCU Federal Court of
Auditors
CGUOffice of the Comptroller
General
Long-term investment financing
Equity
Group Structure
Machinery and EquipmentProduction and Acquisition
BNDESPAR FINAME
Director 1 Director 2 Director 3 Director 5 Director 6
President
Board of Directors
Director 4
Planning and Research
Organizational Chart
Director 7
Industry
Basic Materials Indirect Operations
Foreign Trade and Guarantee
Funds
Financial andInternational
Credit
AdministrationAnd Human Resources
Capital Markets Energy
Public Management,
Social andEnvironmental
Sanitation and Transport
Controlling
Risk Management
InformationTechnology
President’s Office
Auditing
Privatization
Legal
Director 8
Board of Directors
10 members* (including the Board
President)
Representative of BNDES’ employees
Vice-president(President of the
BNDES)
Composition
* Four members nominated by: i) Ministry of Planning, Budget and Management, ii) Ministry of Labor and Employment, iii) Ministry of Finance and iv) Ministry of Foreign Relations. The others are indicated by the Ministry of Development, Industry and Foreign Trade.
Fernando de Magalhães Furlan (Presidente)
Maria Silvia Bastos Marques (Vice-presidente)
José Eduardo Martins Cardozo
Francisco Gaetani
Dyogo Henrique de Oliveira
William George Lopes Saab
Daniel Sigelmann
Natália Marcassa de Souza
4 vacant positions
Fiscal Council
3 members* 3 deputies
Composition
* Two members and their respective deputies are nominated by the Ministry of Development, Industry and Foreign Trade (MDIC) and one member and his/her respective deputy is nominated by the Ministry of Finance.
Christiane Dias Ferreira
Vinícius Mendonça Neiva
(1 vacant position)
Francisco Arruda Vieira de Melo Filho (deputy)
Priscila Grecov (deputy)
(1 vacant deputy)
Audit Comittee
Up to 6 members*
Composition
* Nominated by the Board of Directors.
Eustáquio Coelho Lott
Attilio Guaspari
Paulo Roberto Vales de Souza
3 vacant positions
2. OperationalPolicies
Machinery and Equipment
Working Capital and Microcredit
Foreign Trade
Investment Projects
$
What We Support
Industry and Infrastructure
Innovation
Social and Productive Inclusion
Acquisition of Production
Goods (Cartão BNDES)
Social, environmental and
cultural investments
Who can apply for BNDES´ financing
• Federal Government
• States
• Municipalities
• Micro-entrepreneurs
• Truckers
• Rural Producers
• Agro-business, industry, trade and service enterprises
• Cooperatives or associations• NGOs, Civil Societies or Foundations
Legal Entities Established in
Brazil
Brazilian Individuals
Brazilian Public Administration
Micro
Small
Medium
Medium -Large
Large
Below R$ 2,4 million
Below R$ 16 million
Below R$ 90 million
Below R$ 300 million
Above R$ 300 million
Company Size Ranking
Size Gross Annual Operational Revenue
M
S
M
Es
Borrower’s Requirements
Repayment capacity
Satisfactory commercial records
Tax and social securities obligations paid up and in order
No previous or current default with BNDES nor under
bankruptcy protection
Offer adequate guarantees and/or collaterals
Comply with environmental legislation
Companies financed through an accredited financial institution
Companies financed directly by BNDES
How we work
Direct Operations
Accredited Financial Institution
Operações Indiretas
Information andRelationship
COMPANY
COMPANY
How we work
Examples:
COMPANY
Companies financed directly by BNDES
Direct Operations
Infrastructure IndustryTrade and ServicesAgribusiness
Total Interest Rate
=
Funding CostFinancial Cost
Margin to cover operational expensesBNDES Basic Spread
+
+
Credit Risk RateMargin to cover non-performing loans
BNDES’ Interest Rate - Direct Loans
COMPANY COMPANY
Proposal Submission
Form
Project Completion
Project Development
Eligibility
Committee of Eligility,
Credit Risk and Capital Market
Project Analysis
Approval Contracting Disbursement
Analysis Team Board Legal Team
Follow up
Operational Area
Direct Operations´ Project Evaluation Flow
Projectschedule
How we work
AccreditedFinancial Institution
COMPANY
Companies financed through an accredited financial institution
Operações Indiretas
Information andRelationship
Indirect Operations
Construction
Exports Agriculture
Heavy Vehicles Machinery and Equipment
Total Interest Rate
=
Financial Cost
Margin to cover operational expensesBNDES Spread
+
+
Financial Intermediation RateFinancial Institutions Systemic Risk
Determined by the accredited financial institution
Financial Institution Spread
BNDES’ Interest Rate - Indirect Loans
+
Funding Cost
How to apply for financing indirectly?
Micro, Small and Medium-sized
Companies
AccreditedFinancial Institution
� Identify/Select the BNDES´ line of financing;� Address the accredited financial institution of your choice.
� Submission of documentation;� Examination of the possibility of granting the credit;� Negotiation of the conditions applied to the financing;� Approval of the transaction.
� Approval of the transaction;� Disbursement to the accredited financial institution.
1st Step 2nd Step 3rd Step
Competitive export � to improve competitiveness of Brazilian products� Emphasis on products with higher-aggregated value
Credit facilities� lines of financing designed to facilitate exports
Support for small and medium -sized export companies � to increase the number of Brazilian exporters
Indirect operations aimed to small business� operating in partnership with a network of accredited financial
institutions in Brazil and over 100 foreign banks
Export Support - Goals
Financing for the production of goods for export, linked to
specific shipments, or to the increase of the company’s
total exports
Buyer or Supplier Credit: financing for the commercialization of goods and services in foreign countries
BNDES Exim
Pre-shipment
Production in Brazil
Post-shipment
Foreign Trading
Export Support - Credit Lines
3. Capital Markets
Capital Market
BNDESPAR’s importance to the market:
Commitment to long-term projects.
Size and quality of its portfolio.
Continued performance in moments of higher volatility.
Capacity to attract other investors.
Focus on corporate governance.
Capacity to invest in all market sectors.
CapitalMarket
CriatecFund
Venture Capital Funds
Private Equity Funds
Initial Public Offerings (IPO)
Public Offerings
BNDESPAR’s Chain of investment
BNDESPAR´s Roles
Strengthening capital markets
Supporting the development of the funds industry
Fostering higher levels of corporate governance by companies
Stimulating secondary market for fixed-income
Supporting innovative micro, small and medium-sized companies
BNDESPAR´s portfolio on June 30, 2016
Companies (direct investments)
Companies (indirect investments)
Investment Funds
147
157
47
4. Disbursements
Total Disbursements
In R$ billion
65
91
136
168
139
156
190 188
136
40
2007 2008 2009 2010 2011 2012 2013 2014 2015 1H16
Disbursements by Type of Operation
43% 41%47%
57%
44%39%
46%39%
48%
58% 58%
57% 59%53%
43%
56%61%
54%61%
52%
42% 42%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1H16
Direct Operactions Indirect Operations
Disbursements by Business Sector
Distribution in %
40% 43% 46% 47%
32% 31% 30% 27% 28% 29%
40% 39% 36% 31%
40%34% 33% 36%
40%32%
8% 6% 5%6%
7%7% 10% 9%
10%17%
12% 12% 13% 16% 21%28% 27% 28%
22% 22%
2007 2008 2009 2010 2011 2012 2013 2014 2015 1H16
Industry Infrastructure Agriculture Trade and Services
Support to clients of any size…
Distribution in %
22% 25% 24% 21% 27%36%
32%33% 32% 27%
34%
78% 75% 76% 79% 73%64%
38%67% 68% 73%
66%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1H16
Smal Business Medium-Large and Large
Number of Operations Disbursements
324,426 R$ 40 billion
...with priority to small business
In June, 2016
MSMEs and Individuals
Medium-largeCompanies
Large Companies and Public Administration
Distribution by company size
In R$ billion (%)
North
South
Northeast
Southeast
Midwest
R$ 2.3 bi (5.7%)
R$ 5.7 bi(14.2%)
R$ 3.6 bi(9.1%)
R$ 18.0 bi(45.0%)
R$ 10.4 bi(26.0%)
Disbursements by Region – 1H16
Disbursements to Finance Exports
In US$ billion
Converted to US dollar on the disbursement dates.
6,4
4,2
6,6
8,3
11,3
6,7
5,5
7,1
4,4
2,11,3
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1H16
5. Funding
BNDES Funding
National Treasury
Domestic Funding
BNDESPAR Debentures
FAT – Workers’ Assistance Fund
PIS PASEP Fund
Foreign Funding
Government Agencies and Multilateral Institutions
Bonds
Syndicated loans and other loans
Changes in Fundraising Sources
R$ million
Initial Balance 220,665 523,737 25,117 28,293
Inflows 10,954 - - -
Amortizations (1,319) (12,952) (1,066) (4)
Exchange Variation (5,007) (661) (4,298) (4,885)
Interest and Monetary Restatement 7,214 17,432 275 569
Payment of Interest (5,712) (2,684) (287) (615)
Others - - - (40)
Final Balance 226,795 524,872 19,741 23,318
National Treasury
BondsFAT MultilateralInstitutions
� Government-established fund: contribution over net operating revenues
� Independent of Federal Budget
� Remunerated at TJLP (Long Term Interest Rate), currently 7.5% p.y., or
LIBOR;
� Constitutional FAT : at least 40% of annual revenues are transferred to
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.
FAT – Workers’ Assistance Fund
Stable source of funds to BNDES (article 239 of Federal Constitution).
40% of PIS-PASEP tax collections (1.65% of corporate revenues on a non cumulative basis; 1% of the payroll of non-profit institutions and 1% of net revenues of public administration entities).
Programs promoting economic development through BNDES
No predefined amortization schedule – subordinated debt
Constitutional FAT
Main Features
Origin
Use of Funds
Amortization Schedule
Cost of Funds : TJLP, in case of BRL credits, or US$ Libor, in case of US$related financing (Law nº 9.635/1996).
Repayment: semiannual interest payments, limited to 6.0% p.y for TJLP-denominated liabilities. The excess yield is capitalized and added to theoutstanding balance of FAT funds. BNDES´ US$-denominated liabilities pay flatLIBOR.
There is no currency or rate exposure on BNDES’ bal ance sheet
FATCAMBIAL
Res. Codefat n° 320: up to 50% ofConstitutional FAT
US$ based financings: cost of funds = flat Libor
Financing of production and commercialization ofgoods for external markets
Constitutional FAT
Unused resources of FAT, contracted with the Labor Ministry and CODEFAT.
Specific programs and economic sectors
Follows amortization schedule with FAT
TJLP
It is required that BNDES make monthly payments equivalent to 1 or 2% of the balance, depending on the program.
FAT Special Deposits
Origin
Use of Sources
Amortization Schedule
Cost of Funds
Payments to FAT
• Resources from BNDES´ single shareholder.
• Each transaction has its specific conditions, regarding cost andamortization schedule.
National Treasury
2010 2011 2012 2013 2014
Amount R$ 24.8 billion R$ 45.0 billion R$ 10.0 billion R$ 39. 0 billion 1/ R$ 30.0 billion
Legal basis Law 12,397/11 Law 12,453/11 Law 12,453/11Law 12,873/13 and
Law 12,979/14 Law 13,000/14
Amount R$ 80.0 billion R$ 5.2 billion R$ 45.0 billion R$ 2.0 billion R$ 30.0 billion
Legal basis Law 12,249/10 Law 12,397/11 Law 12,712/12 Law 12,788/13
Provisional Measure nº
661/14
Total R$ 104.8 billion R$ 50.2 billion R$ 55.0 billion R$ 41.0 billion R$ 60.0 billion1/ R$ 15 billion (Provisional Measure 618/13) classified as instruments eligible for common equity, in shareholder's equity, following CMN Resolution No. 4192. of 03/01/13.
Funding in foreign markets - Bonds
Issue Year MarketPrincipal
(currency - million)
Coupon (%)
Maturity (m.d.y)
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-o pening in 2014.
Rating
Global scale rating Outlook Global scale rating Outloo k
Moody´s Ba2 Negative Ba2 Negative
S&P BB Negative BB Negative
Foreign Currency Local Currency
Issuance of Long-Term
Funding – Capital Strutcture
In June 2016, around 87.1% of BNDES’ total liabilities and shareholders’ equity are represented by federal government resources.
6,9%15,6%
37,3%46,1% 49,7% 52,6% 54,7% 57,7% 56,3% 56,1%
52,3%42,0%
31,7%24,1%
23,4% 22,6% 22,5% 22,3% 23,7% 24,3%13,8% 10,7%
7,8% 5,6% 5,1% 4,6% 4,3% 3,8% 3,6% 3,6%5,9%
6,3%4,3% 3,6% 3,6% 3,2% 4,0% 4,7% 6,1% 4,9%12,3%
9,1%7,1% 12,0% 9,8% 7,0% 5,8% 3,5% 3,3% 3,9%
8,8%16,3% 11,8% 8,6% 8,4% 10,0% 8,6% 8,0% 7,0% 7,2%
2007 2008 2009 2010 2011 2012 2013 2014 2015 June 2016
National Treasury FAT PIS/PASEP
Cash Flow by Funding Sources – 1H16
Since “Return on Operations" is the main source of BNDES’ funds, it is important to maintain the good quality of the loan portfolio.
(*) Since 2015, BNDES has not received funds from t he National Treasury.
86,3%
9,1%4,5%
Return on Operations
Monetization of Assets
FAT
Foreign Funding
LenderNumber of Loans
US$Million
First Loan
Last Loan
Purpose
IBRD - Intl Bank for Reconstruction and Development / World Bank
18 1.619 1953 1992Infrastructure, Small and Medium-sized Companies, Environmental Projects
USA Eximbank 6 43 1957 1971 Imported Equipment
JBIC - Japan Bank for International Cooperation
17 3.147 1962 2015Productive Investments and Imported Equipment, Export-oriented Brazilian companies, Climate Change Mitigation Projects
IABD - Inter-American Development Bank
21 8.213 1964 2010 Infrastructure, Productive Investments, SMEs
KFW - Kreditanstalt für Wiederaufbau (Germany)
14 1.073 1965 2015Small and Medium-Sized Companies, Infrastructure, Renewable Energy and Urban Mobility
Industrial Development Corporation (South Africa)
1 5 1969 1969 Imported Equipment
Export Credits Guarantee Department (England)
1 30 1976 1976 Imported Equipment
Eksportfinans ASA (Norway) 1 12 1978 1978 Imported Equipment
Skandinaviska Enskilda Banken(Sweden)
1 15 1980 1980 Imported Equipment
Nordic Investment Bank 4 320 2002 2015 Mutual Interest Projects
China Development Bank 1 750 2007 2007 Infrastructure Projects
European Investment Bank 1 666 2011 2011Climate Change Mitigation Projects
AFD - Agence Française de Développement 1 206 2014 2014
Climate Change Mitigation Projects, Renewable Energyand Energy Efficiency
SEK - Aktiebolaget SvenskExportkredit 1 100 2014 2014
Projects of Mutual Interest
ICO - El Instituto de Crédito Oficial
1 228 2015 2015Projects of Mutual Interest
6. Financial Performance
Main Ratios
R$ billionAssets x Equity
Net Income
The 1H16 net income was impacted by impairment provisions (R$ 3.1 billion) and allowance for loan losses (R$3.6 billions).
549,0624,8
715,5782,0
877,2930,6 935,2
65,9 61,0 52,2 60,6 30,7 31,0 36,90
100200300400500600700800900
1.000
2010 2011 2012 2013 2014 2015 June - 2016
Assets Equity
9,08,2 8,2 8,6
6,2
3,5
(2,2)(4,0)
(2,0)
,0
2,0
4,0
6,0
8,0
10,0
2011 2012 2013 2014 2015 1H15 1H16
Net Income
R$ million
3.515
105
9.770
(480) (994) (634)
(4.252)(2.174)
(4.924)
12.235
(4.438)
(1.078) (826)(3.143)
Net income EquityInvestments
FinancialIntermediation
Allowance forloan losses
Administrativeand Tax
Expenses
Other Expenses,net
Taxes on netincome
June - 2015 June - 2016
R$ billion
Assets - Evolution
187 203277
387
549625
715782
877931 935
6,9% 8,6%
36,5%39,7%
41,9%
13,8%14,4% 9,4% 12,1%
6,1%
0,5%0
100200300400500600700800900
1000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 June - 16
Total Assets Average growth (%)
Capital Requirements
R$ billion
99,189,6
108,7
97,995,0
105,4
52,964,0 63,8 67,7 70,9 72,1
18,6%20,6%
15,4%18,7%
15,9%14,7%
00%
05%
10%
15%
20%
25%
0
20
40
60
80
100
120
2011 2012 2013 2014 2015 June - 16
Reference Equity - PR Risk-wheighted assets - RWA Basel Ratio
Financial Position
R$ billion
2016 2015 2014 2013 2012 2011
Cash and cash-equivalents 82.1 35.4 7.9 0.5 10.3 5.4
Loans 646.9 695.4 651.2 565.2 492.1 425.5
Equity Investments 1 58.8 52.4 63.4 87.8 96.8 101.7
Securities 109.4 105.1 105.0 89.0 84.0 71.8
Others 38.0 42.4 49.7 39.5 32.4 20.4
935.2 930.6 877.2 782.0 715.6 624.8
FAT and PIS-PASEP 260.8 254.4 229.1 209.8 194.7 178.0
National Treasury 524.9 523.7 506.2 428.2 376.0 310.8
International Borrowings 45.6 56.5 41.3 31.2 23.3 22.4
Others 67.0 64.9 69.9 67.2 71.6 52.6
Shareholders´Equity 36.9 31.0 30.7 45.6 50.0 61.0
935.2 930.6 877.2 782.0 715.6 624.8
AS
SE
TS
Total Assets
LIA
BIL
ITIE
S
Total Liabilities
1 Equity investments in associated and non-associated companies, quotas of investment funds and other investments.
Loans and Interbank Onlendings
R$ million, except percentages
June 2016 2015 %
Loans 381,558 405,900 (6.0)
Allowance for losses (7,880) (3,820) 106.3
Total 373,678 402,080 (7.1)
Interbank onlendings 274,239 294,165 (6.8)
Allowance for losses (993) (867) 14.5
Total 273,246 293,298 (6.8)
Gross portfolio 655,797 700,065 (6.3)
Allowance for losses (8,873) (4,687) 89.3
Net portfolio 646,924 695,378 (7.0)
Gross loan portfolio by Sector
As of June 30, 2016
Loans and Interbank Onlendings –per maturity
In June 2016 and December 2015, non-performing loans amounted 1.38% and 0.06% of total loans, respectively.
1,4% 10,0%
10,9%
13,2%6,3%
9,8%
48,4%
Jun, 2016
Non-Performing
2016
2017
2018
2019
2020
After 2020
0,1% 18,3%
14,4%
11,9%9,5%
8,9%
36,8%
Dec, 2015
Non-Performing
2015
2016
2017
2018
2019
After 2019
Loans and Interbanking Onlendings
Amount Provision Balance Provision
Performing 646.7 7.5 699.6 4.5
Non-Performing 9.1 1.4 0.4 0.2
Total Portfolio 655.8 8.9 700.1 4.7
Credits renegotiated
Credits renegotiated / Total Portfolio
Non-performing credits / Total Portfolio
Provision / Total Portfolio
Provision / Non-Performing credits
R$ billion
2015June - 2016
15.0
1.35% 0.67%
1.38% 0.06%
2.1%4.0%
26.2
10.870.98
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, 2016
BNDES System 1/ SFN2/ 4/ Private Financial
Institutions 4/Public Financial Institutions 3/ 4/
AA - C 97.7% 91.3% 89.6% 92.7%
D - G 2.2% 5.6% 6.4% 4.9%
H 0.1% 3.1% 4.0% 2.4%
Total 100.0% 100.0% 100.0% 100.0%
1/BNDES System = Consolidated
2/SFN - National Financial System (all financial institutions that operate in Brazil).
3/Includes BNDES.4/Last available information dated from March 31st , 2016.
Non-performing Credits
0,15% 0,14%0,06% 0,01% 0,01% 0,06%
1,38%
3,20%
3,60% 3,60%
3,00% 2,80%
3,35% 3,51%
0,00%
2,00%
2010 2011 2012 2013 2014 2015 Jun 16
BNDES' Non-performing loans SFN (%)
Equity investments – BNDES Group
R$ billion
45.0
16.2
1.9
36.2
14.2
1.8
44.4
12.8
1.5
Non-associated companies Associated companies Investments in equityfunds
Dec 2014 Dec 2015 June 2016
BNDES x Multilateral Agencies
BNDES 1/ 3/ IADB World Bank 2/ China DB 4/
US$ millionJune 30,
2016December 31,
2015June 30, 2015 Dec 31, 2014
Total Assets 291,365 111,139 343,225 1,662,453
Equity 11,489 25,253 38,637 109,607
Net Income (677) 960 (786) 15,825
Disbursement 10,940 9,719 42,540 N/A
Capitalization (%) 29.3 3.4 9.0 6.6
ROA (%) (0.2) 0.9 (0.2) 1.0
ROE (%) (5.4) 3.9 (2.0) 14.4
1/ BNDES - BRL 3.9048 (December 31, 2015) 4/ Latest information available
2/ The fiscal year (12 months) ends on June 30
3/ In BNDES we exclude the fair value adjustment in non-associated companies
7. Social, cultural and environmental investments
Healthcare
Urban Development Education
Social Inclusion Disbursements
Financial Support of over R$ 21 billion in 2013.
Sanitation
Social, Green Economy and Innovation
Disbursements in R$ billion
The support to projects related to social, environm ental and innovation themes is considered a strategic priority within BNDES´ lines of financing.
18,0 18,520,9
24,7
28,3
31,3
7,0
11,19,0
18,2
22,0
26,018,9
5,5
1,42,7 3,3
5,2 5,9 6,0
1,3
2010 2011 2012 2013 2014 2015 jun/16
Green Economy Social Development Innovation
Cultural and Sports Disbursements
Restoration of Historical Buildings
Preservation of collections (audiovisual, archives etc.)
Brazilian Symphony Orchestra
BNDES has invested more than R$ 2,3 billion in the Brazilian culture (2007-2014).
Canoeing andParacanoeing
Brazilian Movie Industry
Sponsorship of Cultural Events
Live Music Performances at BNDES Auditorium
BNDES manages the Amazon Fund, created by the Brazili an Federal Government.
The fund is supported by donations and net return f rom cash investments.
The Amazon Fund
Amazon Fund: Brazil protects it. The world supports i t. Everybody wins.
Financial Resources
Donors Donations Received
Norway ´s Government R$ 2,445 million
Federal Republic of Germany (KfW) R$ 60.7 million
Petrobras (Brazil) R$ 13.2 million
Total R$ 2,519 billion(*) As of December, 2015.
Through non- reimbursable financial support, the Amazon Fund supp orts projects with the goal to prevent, monitor and combat defore station, as long as to foster
the conservation and sustainable use of the forests within the Amazonian Bioma.
Portfolio Composition
StatusNumber of Projects
Financial Resources
Approved 80 R$ 1,235 billion
www.fundoamazonia.gov.br / www.amazonfund.gov.br
Executors
Third Sector 39
States 21
Municipalities 7
Universities 6
Federal Government 6
International 1
(*) As of December, 2015.
The Amazon Fund
76
