BNDES

Development banking; R$73.8bn net revenue in 2025

Overview

BNDES (Banco Nacional de Desenvolvimento Econômico e Social) is the federal government’s main instrument for long-term financing and investment, founded on 20 June 1952.[4] The federal government is its sole shareholder.[4] Exame lists revenue of R$73.8bn and net profit of R$25.6bn, the third-highest profit in the ranking.[1]

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