📋 Tender Overview
Project Number
49294
Company Name
BANCO INDUSTRIAL DO BRASIL S.A.
Date SPI Disclosed
Feb 28, 2025
Country
Brazil
Region
Latin America and the Caribbean
Projected Board Date
Mar 28, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Sector
Commercial Banking - SME Finance
Project Description
The proposed investment consists of a US$105 million financing package for Banco Industrial do Brasil, S.A ( BIB or the Bank ) in Brazil, consisting of: (i) an up to US$35 million senior unsecured A loan for IFC’s own account ( A Loan ); (ii) an up to US$35 million unfunded mobilization through the MCPP FIG III program, in which IFC will transfer the risk to insurance companies; and (iii) an 2-year senior unsecured B Loan up to US$35 million ( B Loan ). The loan proceeds will be used to fund the growth of the Bank’s loan portfolios, with a minimum of (i) 40% to finance general micro, small and medium enterprises (MSMEs), (ii) 30% to women-owned MSMEs (WSMEs), (iii) 10% to MSMEs located in the Brazilian Legal Amazon (BLA) and (iv) 20% to finance payroll loans in the BLA.
For sub-projects under Platforms where the Board of Directors has delegated the approval authority to IFC management, the SII shall be disclosed 30 or 60 days, depending on the E&S rating, prior to the MOR-New Item submission date in Board Operations System (BOS).
Associated Advisory Engagement
IFC will provide advisory services to BIB to develop sustainable economic activities of MSMEs located in the Brazilian Legal Amazon, as well as to support the Bank’s position in the region by aiming to enhance its capacity to identify and build its local pipeline.
