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Loan disbursements at Brazil's BNDES sink 35 pct through October

SAO PAULO Nov 22 Loan disbursements at Brazil's state development bank BNDES slumped in the first 10 months, signaling a dramatic drop in capital spending plans as Latin America's No. 1 economy struggles with a recession not seen in more than 80 years.

Companies obtained 35 percent less loans between January and October this year from the year-earlier period, putting disbursements at about 69 billion reais ($21 billion) in the period, BNDES said in a Tuesday statement.

($1 = 3.3648 reais) (Reporting by Guillermo Parra-Bernal and Alberto Alerigi Jr)

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