Original disclosure @ IFC website
Updated in EWS Jun 24, 2022
Disclosed by Bank Oct 11, 2021
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The indicative proposed investment consists of a 3-year loan of up to US$150 million to Banco Santander (Brasil) S.A. (“Santander” or the “Bank”), an existing IFC client since 2009. The Project aims to support the Bank’s consumer finance lending to healthcare services Micro, Small and Medium Enterprises (“MSMEs”) as well as doctors and health professionals to purchase medical equipment (“MedTech”) to meet the increased service demand to fight COVID and further equipping the Brazilian health system for future resilience (“the Project”). In addition, up to 30 percent of the loan may be used to finance working capital needs for MSMEs (MedTech manufacturers or distributors and healthcare services providers). As a result of the proposed use of proceeds, this Project is processed under the Global Health Platform (“GHP”), a US$4 billion IFC program with the objective of mobilizing private investment to close the healthcare supply gaps in the wake of Covid-19.
Banco Santander (Brasil) S.A.
Eugenio Zaccaro Pagotto
+55 (11) 3012-6753
Av. Juscelino Kubitschek, 2241/2235, Sao Paulo
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