PROJECT

Projects

Summary of Investment Information

Project Number

31529

Company Name

Banco Indusval S/A

Date SPI Disclosed

Feb 20, 2013

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 22, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 17, 2013
Signed : Jul 31, 2013
Invested : Aug 23, 2013

Sector

Commercial Banking - General

Project Description

Banco Indusval & Partners (the “Bank”) is a mid-sized bank operating as a niche player in the Brazilian market, focusing on corporate credit and in the creation of customized services mostly to middle market and Corporate companies. This will be IFC’s fourth project with the Bank and the first project since the Bank’s admission of new partners in March 2011. The Project will make funds available to small and medium farmers, including those in frontier regions of Brazil and who IFC wouldn’t be able to reach directly.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation