Bradesco SME (IFC-37649)

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
Dec 18, 2015
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 Bradesco S/A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
$ 375.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2015-12-18 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 31, 2018

Disclosed by Bank Nov 20, 2015


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Project Description

This project provides large-scale funds to Banco Bradesco S.A., a Brazilian commercial bank. The funds will go towards loans to small and medium sized businesses in Brazil, with the goal of poverty reduction and capital flow to smaller-scale firms.

People Affected By This Project

By working with a Bank with significant national reach, the Project is expected to have a high development impact, in particular as it will enhance access to finance for SMEs in local economies. SME finance is a key priority for IFC and this project contributes to reducing the gap because it provides long-term support for SME lending through a financial intermediary that has one of the largest reaches in Brazil. This project is particularly relevant in the current economic recession.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Banco Bradesco was founded in 1943 as a commercial bank and is one of the largest commercial banks in Brazil and Latin America. The Bank’s voting shares are owned, directly and indirectly, by (i) Fundação Bradesco (56.62%); (ii) Aguiar Family (11.23%); (iii) BBD Participações S.A. (6.10%); (iv) Bank of Tokyo Mitsubishi (2.50%); and (v) free float (23.55%). Bradesco has a strong market reputation and is rated on a global scale BBB, Baa3 and BB+ by Fitch, Moody’s and S&P’s respectively, and AAA(bra), AAA.br and brAAA on a national scale.

Contact Information

Roberto Medeiros Paula
Banco Bradesco S.A.
Avenida Paulista, 1450, 2a SL, São Paulo, SP, Brazil
Tel: + 55 11 2178-5249
Fax: + 55 11 2178-5227
Email: mailto:4900.roberto@bradesco.com.br

ACCOUNTABILITY MECHANISM OF IFC

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/