BNDES announces record profit of $3.7 bn in 2020

The National Bank for Economic and Social Development (BNDES) recorded a net profit of R$20.7 billion ($3.7 bn) in 2020, resulting from the public offering of Petrobras shares held in February, the sale of Vale and Suzano shares, and revenue from dividends from companies that received investments. The amount represents a 17% increase over the 2019 profit: R$17.7 billion ($3.1 bn). The data was presented in Rio de Janeiro, by the bank’s board of directors, in an interview with virtual transmission.

Source: Agencia Brasil