PROJECT

Projects

Summary of Investment Information

Project Number

44697

Company Name

BANCO ALFA DE INVESTIMENTO S.A.

Date SPI Disclosed

Nov 17, 2020

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jan 20, 2021

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Oct 9, 2025

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 18, 2020
Signed : Dec 21, 2020
Invested : Dec 28, 2020

Sector

Commercial Banking - General

Project Description

The proposed investment consists of a financing package of up to US$215 million to Banco Alfa de Investimento S.A. (“Alfa” or the “Bank”) in Brazil, out of which IFC would commit an A-Loan up to US$150 million and would mobilize institutional investors to invest in an up to US$65 million B loan. The purpose of the proposed investment is to support climate-smart auto loans (mainly flex-fuel cars, which use both gasoline and ethanol, and hybrid/electric cars) in Brazil, in line with IFC’s strategic pillar in the country to support investments in climate-smart and modern technologies to mitigate climate impact (the “Project”).

Associated Advisory Engagement

                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation