March 27, 2014 / 3:55 PM / 3 years ago

Loan disbursements at Brazil's BNDES soar 35 pct in Jan-Feb

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RIO DE JANEIRO, March 27 (Reuters) - Loan disbursements at Brazil's state development bank BNDES, the largest source of long-term corporate credit in the country, surged 35 percent in the first two months of this year, according to a statement on Thursday.

BNDES lent 28.5 billion reais ($12.6 billion) in January and February, the statement said.

Reporting by Rodrigo Viga Gaier; Writing by Guillermo Parra-Bernal, Editing by Franklin Paul

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