Brazil's development bank BNDES sees steep fall in disbursements
SAO PAULO, Sept 15 (Reuters) - Total loan disbursements by Brazil's development bank BNDES should fall dramaticaly in 2015, the bank's head Luciano Coutinho said on Tuesday.
Disbursements reached 190 billion reais ($49 billion) in 2014. They fell 18 percent in the first half of 2015 to 69 billion reais compared to the first half of 2014.
"We are going to see a significant reduction this year. I don't know if it will come at around the 20 percent we saw in the first half, but it will reflect the rising uncertanties in the country," said Coutinho to reporters.
($1 = 3.85 reais) (Reporting by Rodrigo Viga Gaier; Writing by Marcelo Teixeira; Editing by Chizu Nomiyama)
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