📋 Tender Overview
Project Number
49566
Company Name
DARP NPL Return
Date SPI Disclosed
May 30, 2025
Country
Brazil
Region
Latin America and the Caribbean
Projected Board Date
Feb 27, 2025
Environmental Category
FI-3 - No Impact
Status
Active
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Previous Events
Approved : Feb 27, 2025
Signed: May 9, 2025
Invested: Jun 9, 2025
Sector
Distressed Assets SPV
Project Description
The proposed project consists of creating a Distressed Asset Recovery Program (DARP) platform to acquire and resolve retail and MSME non-performing loans (NPLs) in Brazil (DARP NPL Return or the Project). IFC will be partnering with Return Capital S.A. (Return Capital, Sponsor or Master Servicer), a master servicer and wholly owned subsidiary of Banco Santander Brasil S.A (Santander Brazil or the Bank).
