Summary of Proposed Investment
Project Number
25507
Company Name
Banco Fibra S/A.
Date SPI Disclosed
Jan 8, 2007
Country
Brazil
Industry
Financial Markets
Projected Board Date
Feb 15, 2007
Status
Completed
Sector
Commercial Banking - SME Finance
Date Revised SPI Disclosed
Apr 18, 2007
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : May 15, 2007
Signed : Jun 21, 2007
Invested : Jun 28, 2007
Project Description
Founded in 1988, Banco Fibra S.A. (Fibra or the Bank) is a leading mid-sized Brazilian bank with assets of R$9.8 billion ($4.6 billion) as of June 30, 2006 and ranked 19th among private-sector owned banks. It focuses its activities in commercial lending, with a client base of approximately 800 corporate clients:
- 50% are companies with annual sales between R$30 million and R$100 million (middle market);
- 25% are firms with annual revenues between R$100 million and R$400 million (upper middle market);
- the remaining 25% are considered to be large corporates, which the Bank defines as companies with annual sales in excess of R$100 million, but characterized by highly sophisticated and professional management.
The Bank is also active in the consumer finance segment, mainly through operational agreements with medium size retail stores, with approximately 380,000 retail clients and 1,000 sales points as of June 2006.
The project involves the investment of $50 million-equivalent, in a combination of debt and equity. The investment will be used by the Bank to further expand its lending activities involving middle market companies and to further improve their already sound corporate governance practices.
- 50% are companies with annual sales between R$30 million and R$100 million (middle market);
- 25% are firms with annual revenues between R$100 million and R$400 million (upper middle market);
- the remaining 25% are considered to be large corporates, which the Bank defines as companies with annual sales in excess of R$100 million, but characterized by highly sophisticated and professional management.
The Bank is also active in the consumer finance segment, mainly through operational agreements with medium size retail stores, with approximately 380,000 retail clients and 1,000 sales points as of June 2006.
The project involves the investment of $50 million-equivalent, in a combination of debt and equity. The investment will be used by the Bank to further expand its lending activities involving middle market companies and to further improve their already sound corporate governance practices.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Cassio von Gal, Executive Director
Av. Brig. Faria Lima, 3729 – 11º andar
04538-905 Sao Paulo – SP
Telephone: 11-3874-6903
Fax: 11-3847-6770
Av. Brig. Faria Lima, 3729 – 11º andar
04538-905 Sao Paulo – SP
Telephone: 11-3874-6903
Fax: 11-3847-6770
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster