Rabobank Brasil

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Project Number: 
BR1129A-05
Expected Consideration Date by the Board: 
12/19/2008
Date Posted: 
11/14/2008
Company: 
Banco Rabobank International Brasil, S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
São Paulo
Country: 
Scope Objective: 
The proposed operation is to renew a loan granted to Banco Rabobank International Brasil, S.A. that matures in January 2009. The proceeds will be used to maintain and expand the bank’s activities connected to its portfolio of local receivable investment funds and its financing for small and medium-sized enterprises (SMEs) and individuals. In Brazil, SMEs and individuals require medium- or long-term financing to support their operations, or short-term financing to enable them to purchase the goods and services that they need from larger companies on better terms. Financing on appropriate terms will make it possible to generate direct and indirect employment and improve the financial structure of SMEs, which have limited access to financing with terms of more than one year.

The US$100 million IIC loan comprises an A loan of up to US$15 million and a B loan of up to US$85 million.
Environmental Review: 
This is a category III project according to the IIC's environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. The bank already has an environmental management system in place and is a signatory to the Equator Principles. To better understand the IIC’s requirements, Banco Rabobank International Brasil, S.A. has already sent two officers to attend the IIC financial intermediary environmental training workshop. In July 2007, at a seminar on the same subject, a Rabobank senior manager spoke about the bank’s experience in developing and implementing its environmental policy.