PROJECT

Projects

Summary of Investment Information

Project Number

49504

Company Name

Banco Daycoval S/A.

Date SPI Disclosed

Oct 10, 2024

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Nov 22, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 3, 2024
Signed : Dec 12, 2024
Invested : Dec 19, 2024

Sector

Commercial Banking - SME Finance

Project Description

 The proposed investment consists of a senior unsecured A Loan of up to US$150 million and a B Loan of up to US$310 million to Banco Daycoval (“Banco Daycoval” or the “Bank”), to support the expansion of the Bank’s micro, small, and medium enterprises (“MSMEs”) portfolio in Brazil, with a focus on women-owned MSMEs (“WMSMEs”) and MSMEs based in the Legal Amazon region.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation