PROJECT

Projects

Summary of Investment Information

Project Number

45017

Company Name

BANCO SANTANDER BRASIL SA

Date SPI Disclosed

May 28, 2021

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jun 29, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 24, 2024

Department

CF1S7 - Regional Industry - FIG LAC/FIG Inv Ops - CLA

Industry

Financial Markets

Previous Events

Approved : Jun 25, 2021
Signed : Jun 29, 2021
Invested : Jul 1, 2021

Sector

Commercial Banking - General

Project Description

The indicative proposed investment consists of a 3-year loan of up to US$150 million to Banco Santander (Brasil) S.A. (“Santander” or the “Bank”), an existing IFC client since 2009. The proposed investment aims to continue supporting the Bank’s lending to climate-smart sub-projects, with a focus on Renewable Energy (“RE”), by providing financing for solar panel sub-loans (the “Project”). This Project is part of IFC’s strategy of fostering the greening of the banking sector in Brazil.

Associated Advisory Engagement

N/A                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation