PROJECT

Projects

Summary of Investment Information

Project Number

49498

Company Name

BANCO AGIBANK S.A

Date SPI Disclosed

Feb 12, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 31, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 31, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 24, 2025
Signed : Apr 24, 2025
Invested : May 29, 2025

Sector

Commercial Banking - General

Project Description

The proposed investment consists of a senior secured loan of up to US$75 million in Brazilian Reals equivalent to Banco Agibank S.A. (“Agibank” or the “Bank”), a well-established neobank focused on low-income customers in Brazil. The purpose of the investment is to support the Bank’s lending program to low-income and other underserved individuals such as the elderly and women.

Associated Advisory Engagement

IFC will provide advisory services to Agibank to develop its social financing framework in alignment with the Social Bond Principles (SBPs) of the International Capital Market Association (ICMA).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation