📋 Tender Overview
Project Number
49498
Company Name
BANCO AGIBANK S.A
Date SPI Disclosed
Feb 12, 2025
Country
Brazil
Region
Latin America and the Caribbean
Projected Board Date
Mar 31, 2025
Environmental Category
FI-3
Status
Pending Approval
Last Updated Date
Feb 13, 2025
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Sector
Commercial Banking - General
Project Description
The proposed investment consists of a senior secured loan of up to US$75 million in Brazilian Reals equivalent to Banco Agibank S.A. ( Agibank or the Bank ), a well-established neobank focused on low-income customers in Brazil. The purpose of the investment is to support the Bank’s lending program to low-income and other underserved individuals such as the elderly and women.
Associated Advisory Engagement
IFC will provide advisory services to Agibank to develop its social financing framework in alignment with the Social Bond Principles (SBPs) of the International Capital Market Association (ICMA).
