Original disclosure @ IFC website
Updated in EWS Nov 16, 2020
Disclosed by Bank Sep 18, 2020
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According to IFC website, the investment envisages a senior debt facility of up to US$100 million to Banco Santander (Brasil) S.A. under IFC’s COVID-19 Working Capital Solutions (WCS) Crisis Response Facility. The proposed WCS loan consists of a one-year facility, renewable for up to one additional year, and will be allocated as follows: (i) US$50 million for the Bank’s climate-related lending program to Brazilian small and medium enterprises (SMEs) and/or individuals and (ii) US$50 million for the Bank’s working capital lending program to Brazilian SMEs, of which at least 20% of the loan proceeds will be earmarked to support women and women-owned/women-led enterprises.
Banco Santander (Brasil) S.A
Eugenio Zaccaro Pagotto
+55 (11) 3012-6753
Av. Juscelino Kubitschek, 2241/2235, Sao Paulo
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