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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
Link to source
Data sheet
BRAZIL COMMERCIAL BANKS GL II
Other links
Summary sheet
Brazil Commercial Banks Global Loan

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.

Link to source
Summary sheet
Brazil Commercial Banks Global Loan
Other links
Data sheet
BRAZIL COMMERCIAL BANKS GL II

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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