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The Banco do Nordeste do Brasil (BNB) is a multiple financial institution created by Federal Law nº 1649 of 19/07, 1952 and organized as a private and public joint stock company, being more than 90% of its capital controlled by the Federal Government. With headquarters located in the city of Fortaleza, the Bank operates in around 2 thousand municipalities, including the nine northeastern states (Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco, Alagoas, Sergipe and Bahia), northern Minas Gerais (Including the Mucuri and Jequitinhonha Valleys) and northern Espirito Santo.
The largest South American institution oriented towards regional development, the BNB is the organism in charge of the materialization of public policies, being responsible for the operation of programs like the National Program for Family Agriculture Support (Pronaf) and the administration of the Northeastern Constitutional Financing Fund (FNE), the main source of funds operated by the Company. Besides federal resources, the Bank has access to other financing sources, both in the foreign and domestic markets, through partnerships and agreements with national and international institutions, including multilateral institutions like the World Bank and the Inter-American Development Bank (IDB).
The BNB is responsible for managing Crediamigo, the largest microcredit program in South America and the second largest in Latin America. Through this program, the Bank has already lent more than 1,5 billion to microentrepreneurs. The BNB also operates the Program for the Development of Tourism in the Northeast (Prodetur/NE), created to improve the infrastructure of the Region with resources of about USD 800 million.
The Bank’s clients are economic and institutional agents and private individuals. The economic agents comprise companies (micro, small, medium and large sized ones), associations and cooperatives. The institutional agents include government entities (federal, state and municipal) as well as non-government organizations. The private individuals are rural producers (family farmers, micro, small, medium and large-scale producers) and informal entrepreneurs.
The BNB carries out initiatives to attract investments, supports research and studies with non-refundable funds and fosters development through large-impact projects. More than just a financial agent, The BNB aims at offering an integrated service to those who whish to invest in their sector of the economy, offering a solid knowledge of the Northeast and the best investment opportunities in the Region.
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