RIO DE JANEIRO, BRAZIL - The Effectiveness Overview, submitted yesterday, November 11th, by the National Bank for Economic and Social Development (BNDES) shows that, in 2018, 45 percent of approved project submissions were for micro, small and medium-size companies (MSMEs) and 55 percent for large-sized projects.
In 2015, the percentage of investments in MSMEs was only 27 percent.
The bank's repositioning mainly involves the digitalization of products. "Currently it is faster to grant credit to micro and small-scale companies," said the head of the Department of Business Intelligence and Effectiveness of BNDES' Planning Area, Victor Pina.
According . . .
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