KM Financial Solutions | Brazil’s BNDES bank reports sharp rise in third-quarter profit
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Brazil’s BNDES bank reports sharp rise in third-quarter profit

Brazil’s BNDES bank reports sharp rise in third-quarter profit

Brazil’s BNDES national
development bank on Thursday reported a third-quarter profit of
2.7 billion reais ($648.5 million), up nearly 70% compared with
the same period last year, thanks to its improved stock
portfolio performance.

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