PROJECT

Projects

Summary of Investment Information

Project Number

34525

Company Name

ITAU UNIBANCO SA

Date SPI Disclosed

May 30, 2014

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jun 30, 2014

Environmental Category

FI-1 - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 5, 2014
Signed : Dec 30, 2014
Invested : Jan 22, 2015

Sector

Commercial Banking - General

Project Description

The project consists of a new lending facility from IFC to Itaú Unibanco S.A. acting directly or through one of its branches (“Itaú” or the “Bank”), the retail subsidiary of Itaú Unibanco Holdings (“IUH”). IUH is an existing partner to IFC and offers a wide range of financial services including banking services to individuals, micro, small and medium enterprises through Itaú and to large corporate clients through its brand Banco Itaú BBA S.A.

The project will support Itaú’s lending operations to companies located throughout Brazil, making climate smart investments (in areas such as renewable energy and energy efficiency), promoting the availability of financing to this sector.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation