Rabobank Brasil

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Project Number: 
BR1129A-07
Expected Consideration Date by the Board: 
05/29/2012
Date Posted: 
04/27/2012
Company: 
Banco Rabobank International Brasil S.A.
Financing Requested: 
A Loan of US$15 million; B Loan of US$285 million
Sector: 
Financial Services
Location: 
Brazil
Country: 
Scope Objective: 

The objective of the proposed loan is to provide Banco Rabobank International Brasil S.A. with a subordinated loan that is, in accordance with National Monetary Council regulations, considered as Tier II capital of the Borrower. Ultimately, the loan proceeds will be used to provide financing to small and medium size clients (SMEs) of the Borrower. These SMEs in Brazil require medium- or long-term financing in order to assist in their operations, or short-term financing for procuring goods and services 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 the SMEs, which have limited access to financing with terms of more than one year.

Environmental Review: 

Environmental and Labor Issues:

This is a category III project according to the IIC’s environmental and labor review procedures because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. The Borrower 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 several officers to attend the IIC’s financial intermediary environmental training seminars. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.