Banco Nacional de Desenvolvimento Economico e Social.
BANCO NACIONAL Banco Nacional was a bank from Brazil. It was taken over by Unibanco in 1995.
The Nacional brand is better known as main sponsor of Ayrton Senna during most of his racing career in Formula 1 (1985-1994). DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brazilian Development Bank)
BNDES Banco Nacional de Desenvolvimento Econômico e Social (Brasil) ), Brazil's state-owned state-owned adj → estatal, del estado
state-owned adj → étatisé(e)
state-owned state adj → development bank, said it approved a US$43 million loan for the Brazilian unit of Italian car manufacturer Fiat. Fiat will use the money to build the Palio model in Brazil.
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