PROJECT

Projects

Summary of Investment Information

Project Number

35470

Company Name

Banco Cooperativo Sicredi S/A.

Date SPI Disclosed

Dec 19, 2014

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jan 24, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 23, 2015
Signed : Oct 21, 2015

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The Project (“Bansicredi Gtee”) will provide Banco Cooperativo Sicredi (the “Bank” or “Bansicredi”) additional liquidity and is intended to support credit portfolio growth of the Sicredi System, whose membership is largely a target market that IFC cannot access directly. Bansicredi is the bank of the Sicredi System, the second largest cooperative system in Brazil, which includes 100 credit cooperatives, with 2.5 million members and 1,258 client service branches throughout Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation