Banco ABN AMRO Real (BAAR) is a universal bank offering commercial and retail banking products to a diverse consumer and commercial base. The IIC credit line will provide funding for loans to small and medium-size Brazilian companies that require medium- or long-term financing for operations, or shorter-term financing for procuring needed goods and services from larger companies on better terms.
This is the IIC’s second operation with BAAR. It involves converting the original IIC loan into a credit line, thus allowing disbursements to vary in term and grace period and more easily match the needs of borrower companies.
This transaction is in line with the IIC’s efforts to support companies that form part of a supply chain, through which large companies supply or purchase goods and services from smaller companies. It also is in keeping with the Declaration of Nuevo León goal of tripling the amount of financing provided to micro, small, and medium-size enterprises by 2007.
ABN-AMRO Brazil Credit Line