BNDES profit reaches $1.8 bn in first quarter

The National Bank for Economic and Social Development (BNDES) had profits of R$ 9.8 billion ($1.8 bn) in the first quarter of this year, up 78% compared to the same period last year. In the report, the BNDES detailed that the positive result was driven by the sale of equity and financial intermediation.

Source: Valor Investe