The Brazilian National Economic and Social Development Bank (BNDES) recorded a profit of R$ 11.1 billion in the first quarter of 2019. The result represents an increase of 436.7% compared to the same period of 2018 when profit was R$ 2.1 billion.
Joaquim Levy, the president of BNDES, announced that the state bank will return to the National Treasury R$ 48 billion still in May 2019. This value refers to a part of a loan taken by the bank between 2008 and 2014.
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