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        BRAZIL COMMERCIAL BANKS GL II

        Signature(s)

        Amount
        € 73,661,810.43
        Countries
        Sector(s)
        Brazil : € 73,661,810.43
        Credit lines : € 73,661,810.43
        Signature date(s)
        18/12/2003 : € 24,553,936.81
        18/12/2003 : € 24,553,936.81
        22/12/2003 : € 24,553,936.81

        Summary sheet

        Release date
        1 October 2003
        Status
        Reference
        Signed | 18/12/2003
        20030322
        Project name
        Promoter - financial intermediary
        Brazil Commercial Banks Global Loan
        1. Banco Itaú BBA S.A. (Itaú BBA)
        2. União de Bancos Brasileiros S.A. (UNIBANCO)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        In the order of EUR 30 million (Itaú BBA) and of EUR 60 million (UNIBANCO)
        Not applicable
        Location
        Sector(s)
        Description

        The proposed line of credit will be targeted to subsidiaries or affiliates of EU companies in Brazil promoting small and medium-size investments in industry, agro-industry, commercial infrastructure, tourism and related services.

        Environmental aspects
        Procurement

        All sub-projects financed under the proposed loan will be required to comply with the relevant national legal framework, to be acceptable in environmental terms to EIB.

        EIB procurement guidelines for global loans will be applied.

        Comments

        Industry, agro-industry, commercial infrastructure, tourism and related services.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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