Original disclosure @ IFC website
Updated in EWS Jun 28, 2021
Disclosed by Bank Jun 23, 2020
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The proposed project involves an investment of up to US$100 million in Banco Daycoval S.A (“Daycoval” or the “Bank”) under IFC’s COVID-19 Working Capital Solutions Crisis Response Facility. The proposed WCS loan consists of a one-year senior loan facility, renewable for up to one additional year, to support the Bank’s working capital and trade-related lending program to Brazilian small and medium enterprises, of which at least 20% will be targeted to women-owned SMEs.
Daycoval is a leading medium sized bank with a long and positive track record of providing credit to middle market companies. Daycoval also serves payroll, auto and home equity loans for its retail clients. It is a wholesale funded bank, with low leverage and solid financial performance. The Bank operates in Brazil through over 200 service outlets in 21 states and the Federal District, 45 corporate credit branches, 39 Daycred offices (dedicated to payroll-deductible loans), 6 Daycoval Câmbio (currency exchange) offices and 33 Daypag offices. As of December 2019, the Bank ranked 21st in terms of assets, with a market share of 0.38% (9th largest locally owned private bank in Brazil), and 14th in terms of loans, with a market share of 0.50%.
Banco Daycoval S.A
Inverstor Relations Director
+55 (11) 3138-1024
Av. Paulista 1793
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