BNDES and BRDE expand credit access for businesses in Rio Grande do Sul

Financial institutions are significantly increasing credit availability for businesses in Rio Grande do Sul. The Banco Regional de Desenvolvimento do Extremo Sul (BRDE) has announced R$ 12.4 million in new financing operations aimed at supporting innovation. These funds, supported by a partnership with Finep, target investments in the Serra and Vale do Taquari regions, including a R$ 10 million allocation for automation company STW.

Separately, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) reported that it has approved R$ 70.31 billion in credit for micro, small, and medium-sized enterprises (MSMEs) in the state since 2023. This represents a 187.4% increase compared to the 2019–2022 period. The BNDES funding has been distributed across various sectors, with R$ 44.44 billion directed toward agriculture, R$ 10.39 billion to infrastructure, R$ 9.59 billion to commerce and services, and R$ 5.89 billion to industry.