PROJECT

Projects

Summary of Investment Information

Project Number

45006

Company Name

Banco Daycoval S/A.

Date SPI Disclosed

Feb 24, 2021

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 26, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 9, 2024

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Mar 26, 2021
Signed : Mar 29, 2021
Invested : Apr 9, 2021

Sector

Commercial Banking - General

Project Description

The project consists of an A loan of up to US$130 million and mobilization from B lenders for up to US$270 million, to Banco Daycoval S.A. (Daycoval or the Bank). The proceeds will be used to finance small and medium enterprises (SMEs) enhancing their sustainability through financial inclusion (the Project). A portion of the loan will be channeled to specific sub-segments (i) a minimum of 20% of the loan will be on-lent to women-owned SMEs (WSMEs) and (ii) a minimum of 30% of the loan will be on-lent to SMEs located in financially underserved regions of Brazil (Underserved Region SMEs).

Associated Advisory Engagement

 n.a                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation