First, that BNDES has grown too big.
第一，BNDES的规模已经变得过于庞大了。
And BNDES is practically alone in the long-term loan business.
而BNDES几乎是提供长期商业贷款的唯一银行。
First, BNDES seems to have gone on boosting its loans for too long.
第一，BNDES很久前就已经开始不断增加贷款了。
Even though the economy has rebounded this year, BNDES loans have continued to rise sharply.
虽然今年经济有回弹的趋势，BNDES的贷款却一直急速的增长。
In the case of BNDES, this has been part of a government policy to create Brazilian champions that are big enough to compete abroad.
作为政策的一部分，巴西国家开发银行将被创建为具有国际竞争力的超大型企业。
Like many of Brazil’s big companies Cosan mixes family ownership with capital from BNDES, Brazil’s government-owned development bank.
如许多巴西的大型公司一样，Cosan的公司的股本结构包括家族股分和国有股分--来自巴西国有开发银行BNDES的持股。
Like many of Brazil’s big companies Cosan mixes family ownership with capital from BNDES, Brazil’s government-owned development bank.
如许多巴西的大型公司一样，Cosan的公司的股本结构包括家族股分和国有股分--来自巴西国有开发银行BNDES的持股。
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