PROJECT

Projects

Summary of Investment Information

Project Number

32730

Company Name

BANCO ABC BRASIL SA

Date SPI Disclosed

Apr 30, 2013

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 31, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Sep 10, 2013
Signed : Mar 6, 2014
Invested : Mar 17, 2014

Sector

Commercial Banking - General

Project Description

ABC Frontier (Project # 32730), consists of an A loan of up to US$30 million and a B Loan of up to US$50 million to Banco ABC Brasil (“Banco ABC”, “ABC Brasil” or the “Bank”). The Bank is a mid-sized bank in Brazil and an existing IFC client under the Global Trade Finance Program.

The above loan will support ABC Brasil’s lending operations to small and medium enterprises (“SMEs”) located in the frontier regions of Brasil, which encompasses the North, the Northeast and parts of the mid-western region.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation