Summary of Proposed Investment
Project Number
7127
Company Name
Banco Bradesco S/A.
Date SPI Disclosed
Mar 4, 1996
Country
Brazil
Industry
Financial Markets
Status
Completed
Sector
Commercial Banking - General
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Mar 29, 1996
Signed : Apr 22, 1997
Invested : May 21, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Brazil - Banco Bradesco, S.A. Syndicated Credit Line |
| Region | Latin America |
Sector
Project No007127
Projected Board DateMarch 31, 1996
Company NameBanco Bradesco, S.A.
Technical Partner and/or Major Shareholders
Bradesco’s major shareholders are: Cidade de Deus Cia. de Participacoes Comerciais (44.6% of common shares), Fundacao Bradesco (16.4%). The balance of Bradesco’s common shares is held over 2 million shareholders, including Deutsche Bank, Sanwa Bank, and Bradesco employees.
Project Cost Including proposed IFC investment
A US$100 million syndicated credit line, including: an A loan of up to US$40 million for the account of IFC, and a B loan of up to US$60 million for the account of participating banks.
Location of project and Description of site
Brazil
Description of Company and Purpose of Project
The project consists of a credit line which will provide critical US dollar medium-term financing for the expansion, modernization, and financial restructuring of small and medium-sized enterprises (SMEs) primarily located in the North and Northeast region of Brazil. Banco Bradesco’s vast branch network and strong balance sheet will provide the vehicle for getting a critical mass of resources to SMEs in a reliable way.
Environmental Category and Issues
This is a Financial Intermediary (FI) project according to IFC’s environmental review procedure. Bradesco will be required to undertake environmental reviews of sub-projects. IFC will assess Bradesco’s capability to carry out environmental reviews.
| Date SPI sent to PIC March 4, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
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