Banco Industrial e Comercial S.A. (BicBanco)

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or IDB Invest using the contact information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
BR1131A-02
Expected Consideration Date by the Board: 
09/26/2006
Date Posted: 
08/22/2006
Company: 
Banco Industrial e Comercial S.A. (BicBanco)
Financing Requested: 
Sector: 
Financial Services
Location: 
Scope Objective: 

The proposed loan to Banco Industrial e Comercial S.A. will be used to provide financing to small and medium-sized Brazilian companies, for working capital purposes.

Environmental Review: 

This is a Category III project according to the IIC’s environmental and labor review procedure because specific impacts may result that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. 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 policies. To better understand the IIC’s requirements, Banco Industrial e Comercial S.A. has already sent one of its officers to attend the IIC’s financial intermediary environmental training seminar.