October 31, 2011 / 2:51 PM / 6 years ago

Brazil's BNDES says to miss 2011 loan target

RIO DE JANEIRO, Oct 31 (Reuters) - Loan disbursements at Brazil's state development bank BNDESare expected to miss its initial estimates, bank President Luciano Coutinho said at a news conference on Monday.

The bank will likely lend between 140 billion reais ($83 billion) and 145 billion reais, below the original estimates that put lending between 145 billion reais and 147 billion reais.

BNDES is Brazil's main source of long-term corporate credit.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below