Banco do Nordeste ( en, Bank of
Northeast
The points of the compass are a set of horizontal, radially arrayed compass directions (or azimuths) used in navigation and cartography. A compass rose is primarily composed of four cardinal directions—north, east, south, and west—each se ...
) is a Brazilian regional development bank headquartered in
Fortaleza
Fortaleza (, locally , Portuguese for ''Fortress'') is the state capital of Ceará, located in Northeastern Brazil. It belongs to the Metropolitan mesoregion of Fortaleza and microregion of Fortaleza. It is Brazil's 5th largest city and the t ...
,
Ceará
Ceará (, pronounced locally as or ) is one of the 26 states of Brazil, located in the northeastern part of the country, on the Atlantic coast. It is the eighth-largest Brazilian State by population and the 17th by area. It is also one of the ...
. The bank was founded in 1952 and today has 300 bank branches and that allied to the work of the Development Agents and Agencies Travelers, allow the Bank to be present in about 2000 cities in all states of the Northeast region of Brazil and in the North region of states of
Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally ...
and
Espírito Santo.
The bank is a financial institution organized under the form of mixed economy company, publicly traded, with over 90% of its capital under the control of the Federal Government and is the largest institution in Latin America focused on regional development.
Currently Banco do Nordeste is responsible for managing and implementing the Constitutional Fund for Financing the Northeast of Brazil, with resources of approximately R$15 billion reais.
Banco do Nordeste is responsible for the largest microfinance program in South America and second in Latin America, CrediAmigo, through which the Bank lends money to microentrepreneurs. It also operates the Program for Development of Tourism in the Northeast (Prodetur / NE), created to structure the tourism of the region.
References
External links
Official Website
Companies based in Ceará
Banks of Brazil
Companies listed on B3 (stock exchange)
Government-owned companies of Brazil
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