Brazil Commercial Banks Global Loan

Promoter – Financial Intermediary

1. Banco Itaú BBA S.A. (Itaú BBA)
2. União de Bancos Brasileiros S.A. (UNIBANCO)

Location

• Brazil

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.

Comments

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

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

In the order of EUR 30 million (Itaú BBA) and of EUR 60 million (UNIBANCO)

Total cost (Approximate amount)

Not applicable

Environmental aspects

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.

Procurement

EIB procurement guidelines for global loans will be applied.

Status

Signed - 18/12/2003