PROJECT

Projects

Summary of Investment Information

Project Number

48986

Company Name

SRT Santander Brasil

Date SPI Disclosed

Nov 10, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 14, 2023

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Nov 12, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2023
Signed : Dec 21, 2023

Sector

Commercial Banking - General

Project Description

The proposed investment consists of an up to 5-year Synthetic Risk Transfer (“SRT”) that IFC is analysing to provide approximately BRL706 million (US$141 million) unfunded guarantee to Banco Santander Brasil S.A. (“Santander Brazil” or “the Bank”), an existing IFC client since 2009. The guarantee will cover the credit risk of a portfolio of approximately BRL6.3 billion (US$1.2 billion) of a majority of trade finance loans. The project aims to expand access to climate finance, as the Bank will redeploy capital savings to increase its climate finance portfolio (the “Project”).

Associated Advisory Engagement

Not applicable

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation