Release date: 3 November 2014
Promoter – Financial Intermediary
BANCO SANTANDER BRASIL SALocation
Description
The project concerned is a global loan that will make funds available to either SMEs, Mid-Caps or private sector entities undertaking investments in Brazil.
Objectives
The operation envisages support to local private sector development, in particular SMEs and Mid-Caps, which is one of the high-level horizontal objectives of the EIB’s revised external mandate.
Comments
This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The EIB carries out thorough due diligence on the intermediaries' capacity and procedures to adhere to the Bank’s standards and rules in administering EIB finance, notably on social and environmental principles, and, where appropriate, public consultation requirements.
Procurement
All final beneficiaries will be private sector entities, which are not subject to public procurement rules. Nevertheless, the Bank will require the promoter to ensure that implementation of the projects will be done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 28/05/2015
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).