Banco Industrial e Comercial S.A. (BicBanco)
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.
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.