January 22, 2013 / 12:31 PM / 5 years ago

Brazil's BNDES beats loan disbursement targets in 2012

RIO DE JANEIRO, Jan 22 (Reuters) - BNDES, Brazil’s state development bank, disbursed 156 billion reais ($76.5 billion) worth of corporate loans in 2012, an increase of 12 percent over the previous year, bank President Luciano Coutinho said on Tuesday.

Disbursements last year topped Coutinho’s goal of 150 billion reais.

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