Daycoval Gender (IFC-36812)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 31, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Daycoval S/A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 21, 2018

Disclosed by Bank Sep 20, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

This project consists of an A loan of up to US$100 million and additional mobilization of up to US$150 million, including a MCPP Loan and a B Loan, to Banco Daycoval S.A. (“Daycoval” or the “Bank”). Daycoval is a mid-size bank in Brazil. The proceeds will be used to finance small and medium enterprises (“SMEs”) and will allow IFC to leverage its own funds, enhancing SME’s sustainability through financial inclusion. A minimum of 25% of the total financing package will be channeled to women-owned SMEs, reaching the underserved women-owned business in Brazil

Investment Description
  • International Finance Corporation (IFC)

Daycoval was founded by the Dayan family (the “Sponsor”), which owns 85.2% of the capital of the Bank. The Bank’s treasury holds 13.2%. The remaining 1.6% is held by minority shareholders.

Private Actors

Daycoval was founded by the Dayan family, which owns 85.2% of the capital of the Bank. The Bank’s treasury holds 13.2%. The remaining 1.6% is held by minority shareholders.

Contact Information

Project Contact: Ricardo Gelbaum
Institutional and IR Officer, Banco Daycoval S.A.
Office Address: Avenida Paulista, 1793, 01311-200, São Paulo, Brazil
Contact No.: +55 (11) 3138-1024
Fax: +55 (11) 3138-0664
Email Address: Ricardo.gelbaum@bancodaycoval.com.br

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/