Lula proposes a project to authorize Banco do Nordeste to create subsidiaries

The President of the Republic, Luiz Inácio Lula da Silva, sent to the National Congress text text of the bill that “authorizes the Banco do Nordeste do Brasil SA to constitute full or controlled subsidiaries.” The message of sending the article is published in the Official Gazette of the Union (DOU) This Monday, 14, and does not detail the content of the proposal.

The BNB acts as a development bank of the Northeast and northern region of the states of Minas Gerais and Espírito Santo.

He is headquartered in the capital of Ceará, Fortaleza, is a legal entity governed by private law, organized in the form of a corporation of mixed economy, and has more than 90% of its capital under the control of the federal government.