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BNDES Workshop on small and medium enterprises’ access to finance and the role of development banks in Asia and the Pacific and Latin America.
Bangkok, 27-28 September 2017.
Session 4: Improving lending infrastructure for SME financing.
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Aspectos institucionais // Escritórios no Brasil BNDES at a glance
} Founded on June 20th, 1952
} 100% State-owned company under private law
} One of the largest development banks in the
world (total assets - US$267.1 billion)
} Main provider of long-term financing in Brazil
} Emphasis on financing investment projects
} Support to micro, small and medium-sized
companies is a BNDES’ strategic priority at the
moment
Rio de Janeiro
Brasília
São Paulo
Recife
Teamof2,791employees(asofMay,2017)
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Aspectos institucionais // Escritórios no Brasil What can be financed
Machine and equipment Working capital and microcredit
Exports Investment projects
Industry and infrastructure Innovation
Social and productive inclusion BNDES Card
Social, environmental, cultural, sports
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Sectors, size and segments supported by DFIs
CDB KfW BNDES KDB JFC CDP CDC ICO
(China) (Germany) (Brazil) (SouthKorea) (Japan) (Italy) (France) (Spain)
Sectors
Agribusiness X X X X
Infrastructure X X X X X X X
Industry X X X X X X X X
TradeandServices X X X X X X
Size SMEs X X X X X X X X
LargeEnterprises X X X X X X X
Segm
ents
Exports X X X X X
InnovaSon X X X X X X X X
GreenEconomy X X X X X X X X
InternaSonalizaSon X X X X X X X X
CapitalMarket X X X X X X X X
InternaSonalFinancialCooperaSon X X X
Source:Ins)tu)onsAnnualReports-2015and2016.
Note:CDB-ChinaDevelopmentBank;KfW-KreditanstaltfürWiederauGau;BNDES-BancoNacionaldeDesenvolvimentoEconômicoeSocial;KDB-KoreaDevelopmentBank;JFC-JapanFinanceCorpora)on;CDP-CassaDeposi)ePres));CDC-Caissedesdépôtsetconsigna)ons;eICO-Ins)tutodeCréditoOficial
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DIRECT OPERATIONS
Financing directly with BNDES
ENTERPRISE
Direct and indirect operations
INDIRECT OPERATIONS
Companies financed through an accredited financial institution
Accredited Financial Institution
ENTERPRISE
Information & Relationship
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Accredited Financial Institutions
} 57 FIs enabled to operate BNDES products:
Captive Finance Companies
Commercial Banks
Development Banks
Cooperative Banks
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NORTH 5.2%
MIDWEST 11.6%
NORTHEAST 12.9%
SOUTHEAST 45.1%
SOUTH 25.3%
BNDES Performance
} In 2016, BNDES disbursed US$ 27 billion*
} Disbursments by Economic Sector:
} Disbursments by Region:
Infrastructure 29%
Trade and Services 34%
Industry 21%
Agribusiness 16%
* Dollar on 30/12/2016 (Ptax) = US$ 3,26
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Participation of SMEs on BNDES Disbursments (%)
Source: BNDES.
22,9%
22,3%
29,9% 31,6%
24,8%
21,7%
24,8%
24,0%
17,5%
27,1%
35,8%
32,1%
33,4%
31,6%
27,5%
30,9%
15%
20%
25%
30%
35%
40%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
SMEs
2010-2016Average:31,2%
2001-2009Average:24,4%
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SMEs
Financial Institution
Challenges and Initiatives
Lack of risk appetite for SMEs
Competition with other financial products
Lack of credit guarantees
Asymmetric information
Long transaction time
BNDES Credit Guarantee Fund
BNDES Online Platform
BNDES SME Portal
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Financial Institution SMEs
BNDES Credit Guarantee Fund
Applies for loan and BNDES Credit
Guarantee Fund Apply for a
loan
Loan disbursed. Credit and Guarantee Warrant Fee
repaid in installments
Loan disbursement
Characteristics
} Initiated operations in May 2010
} Total fund leverage up to 12 times its equity value
} 26 financial institutions participants
} 32,751 operations, representing US$ 2.0 billions in credits guaranteed
} 1,023 default payments until now, total sum US$ 37.6 millions (default rate 2.26%)
Limit per beneficiary:
US$ 3.2 million
Ratings accepted: AA to D
Coverage: 20% to 80%
of loan
Lack of credit guarantees
11BNDES SME Portal Tradi)onalNewModel
FinancialInsStuSon MulSpleFinancial
InsStuSons
BNDESSMEPortalGo-LiveinJul-2017
• Financingrequests:16.717(1)• Proposalssubmi_ed:37.083(2)
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2 3
4 3
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BNDES Online Platform
Financial Institution
Old Flow
New Flow
SMEs
BNDES SME Portal
SMEs
Manual Interference
Average time of approval: 3 working days
Machine to Machine
Average time of approval: 3
seconds
Financial Institution
BNDES Online
} New transaction platform: Online
} Reduces time and costs
} Automatic surveys on Official Governments´ Database
Thank you!
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BNDES website www.bndes.gov.br Contact Center 0800 702 6337 International calls +55 21 2172 6337 Ombudsman 0800 702 6307 www.bndes.gov.br/ouvidoria Contact us www.bndes.gov.br/faleconosco Tiago Peroba
[email protected] +55 21 37478456