PROJECT

Projects

Summary of Investment Information

Project Number

41734

Company Name

BANCO BRADESCO S.A.

Date SPI Disclosed

Oct 18, 2018

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Nov 19, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Feb 19, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 10, 2018
Signed : Dec 11, 2018
Invested : Dec 14, 2018

Sector

Commercial Banking - General

Project Description

  The project’s main objective is to support SME lending through a key financial intermediary, Banco Bradesco S.A. (the “Bank” or “Bradesco”). Addressing the lack of access to finance for SMEs is a strategic priority for IFC as it is a clearly identified constraint to shared prosperity and poverty reduction observed in many emerging economies. The Project will continue to support an existing relationship between IFC and Bradesco, one of the most solid financial groups in Latin America and that has deep footprint in the Brazilian economy.                                                 

Associated Advisory Engagement

                            

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation