CNAE Brazil 64.33-6—Development banks

Where 64.33-6 sits

1. K Financial, insurance and related services activities
2. 64 Financial services activities
3. 64.3 Non-monetary intermediation - other fundraising instruments
4. 64.33-6 Development banks

Contains 1 narrower code

• 6433-6/00 Development banks

What 64.33-6 includes

• The activities of State Development Banks, which are financial institutions controlled by state governments, whose main objective is to provide the necessary resources for the medium- and long-term financing of programs and projects aimed at promoting the economic and social development of the state in which they are headquartered. They do not raise funds through demand deposits in current accounts. They must, obligatorily and exclusively, include in their name the expression "Development Bank," followed by the name of the state in which they are headquartered. The main regional development institutions are the Bank of the Northeast (BNB) and the Bank of the Amazon (BASA)
• The National Bank for Economic and Social Development (BNDES) is the institution responsible for the Federal Government's long-term investment policy, with the basic objective of boosting the country's economic and social development, mitigating regional imbalances, promoting the integrated development of agricultural, industrial and service activities, and stimulating exports

What 64.33-6 excludes

• The activities of development agencies (64.34-4)

64.33-6 in other systems