PROJECT

Projects

Summary of Investment Information

Project Number

48408

Company Name

BANCO SAFRA S.A.

Date SPI Disclosed

Jul 2, 2024

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

C - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Apr 27, 2023

Sector

Commercial Banking - Trade

Project Description

The proposed project is an unfunded trade finance facility under IFC’s Global Trade Finance Program (GTFP) of up to US$100 million with Banco Safra S.A. (“Safra” or “the Bank”). The purpose of the proposed IFC trade line is to support Safra’s trade program. GTFP’s investment in the form of a trade line will offer confirming banks partial or full guarantees covering payment risk of the Bank in the Republic of Brazil for their trade-related transactions.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation