Tag: Luciano Coutinho

• Monday, May 9th 2016 - 09:04 UTC

  Brazilian prosecutors after another can of worms: the huge development bank

  

  A former Brazilian finance minister and the current head of the nation's state economic and social development bank allegedly pressured big construction firms into making campaign donations for President Dilma Rousseff, a newspaper reported on Sunday. If it proves correct it would be the first concrete lead linking the Petrobras corruption with BNDES, long suspected by Brazilian prosecution.

• Wednesday, May 6th 2015 - 17:36 UTC

  Brazil's securities regulator CVM formally accuses Petrobras former board members

  

  Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company.

• Thursday, September 26th 2013 - 05:58 UTC

  Brazil’s development bank ‘overbooked’ needs support from the private sector

  

  The Brazilian state development bank BNDES is “overbooked” and needs the private sector to step up funding in investments, according to bank president Luciano Coutinho. Lending by BNDES and other public banks has increased six times faster than credit by non-state bank this year, as the government tries to fuel economic growth.

• Friday, March 22nd 2013 - 07:09 UTC

  Moody’s marks eroding capital position of two of Brazil’s main state-run banks

  

  Moody's Investors Service lowered this week the long-term issuer ratings of Brazilian state banks BNDES and Caixa Econômica Federal, citing their eroding capital position after years of rapid credit expansion, but spared the also government controlled Banco do Brasil.

• Wednesday, November 21st 2012 - 20:49 UTC

  Brazil’s development bank sees economy picking up as loan requests increase

  

  Company inquiries about tapping Brazil's BNDES state development bank for loans is up 30% the past two months, a strong sign of potential growth in the near future for a sluggish economy, the bank's president revealed in the US.

• Monday, July 30th 2012 - 23:50 UTC

  Brazil’s development bank will disburse loans at a faster pace to prop economy

  

  The national bank for economic and social development, BNDES, Brazil's largest source of long-term credit for companies, is ready to disburse loans at a faster pace in the years ahead to prop the economy, the bank's top executive said on Monday.

• Monday, July 9th 2012 - 06:05 UTC

  Influential Brazilian banker says further weakening of the Real “would be better”

  

  Luciano Coutinho president of Brazil’s state development bank BNDES, said the country has benefited from the recent weakening of its currency and a further drop would be better, according to newspaper Folha de Sao Paulo.

• Tuesday, November 1st 2011 - 05:45 UTC

  Development bank activity shows Brazilian economy slowing down

  

  Loan disbursements at Brazil's state development bank BNDES will miss their initial target for the year, reflecting a rapid economic slowdown in Latin America's largest economy, the lender's top executive said on Monday.

• Tuesday, May 31st 2011 - 07:47 UTC

  Brazil plans massive infrastructure investment in next four years

  

  Brazil’ president of the Economic and Development Bank, BNDES, Luciano Coutinho said that the country’s investment rate in the coming four years will be equivalent to 23% of GDP, sufficient to ensure a sustained robust long term growth of Latin America’s largest economy.

• Thursday, February 17th 2011 - 01:58 UTC

  Brazil injects 27 billion USD to subsidized-loans development bank

  

  Brazilian state-run development bank BNDES will receive at least 45 billion Real or 27 billion US dollars from the government to extend its program of low-cost loans for supporting company investments in capital goods, local media reported this week.