PROJECT

Projects

Summary of Investment Information

Project Number

49294

Company Name

BANCO INDUSTRIAL DO BRASIL S.A.

Date SPI Disclosed

Feb 28, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 28, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 26, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 10, 2025
Signed : Apr 17, 2025
Invested : Apr 24, 2025

Sector

Commercial Banking - SME Finance

Project Description

The proposed investment consists of a US$105 million financing package for Banco Industrial do Brasil, S.A (“BIB” or the “Bank”) in Brazil, consisting of: (i) an up to US$35 million senior unsecured “A” loan for IFC’s own account (“A Loan”); (ii) an up to US$35 million unfunded mobilization through the MCPP FIG III program, in which IFC will transfer the risk to insurance companies; and (iii) an 2-year senior unsecured “B” Loan up to US$35 million (“B Loan”). The loan proceeds will be used to fund the growth of the Bank’s loan portfolios, with a minimum of (i) 40% to finance general micro, small and medium enterprises (MSMEs), (ii) 30% to women-owned MSMEs (WSMEs), (iii) 10% to MSMEs located in the Brazilian Legal Amazon (BLA) and (iv) 20% to finance payroll loans in the BLA.

For sub-projects under Platforms where the Board of Directors has delegated the approval authority to IFC management, the SII shall be disclosed 30 or 60 days, depending on the E&S rating, prior to the MOR-New Item submission date in Board Operations System (BOS).

Associated Advisory Engagement

IFC will provide advisory services to BIB to develop sustainable economic activities of MSMEs located in the Brazilian Legal Amazon, as well as to support the Bank’s position in the region by aiming to enhance its capacity to identify and build its local pipeline.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation