PROJECT

Projects

Summary of Investment Information

Project Number

49260

Company Name

ITAU UNIBANCO SA

Date SPI Disclosed

Aug 5, 2024

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jul 3, 2024

Environmental Category

C - No Impact

Status

Active

Last Updated Date

May 3, 2026

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Nov 14, 2023
Invested : Apr 30, 2026

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$250 million with Itau Unibanco S.A. (“Itau” or “the Bank”). The purpose of the proposed IFC trade line is to support Itau’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