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Brazil's BNDES loan disbursements down 17 pct in first half of 2017

RIO DE JANEIRO, July 18 (Reuters) - Loan disbursements at Brazil's state development bank BNDES dropped 17 percent to 33.483 billion reais ($10.60 billion) in the first half of 2017 from a year earlier, the bank said on Tuesday.

In June, the bank disbursed 5.765 billion reais in loans, according to a statement, which did not provide information for June 2016.

($1 = 3.16 reais) (Reporting by Pedro Fonseca; Editing by Chris Reese)