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BR-L1338 : BIC Bank - access2services Facility

Project Status: Closed

The access2services Pilot Facility`s main objective is to explore efficient ways to increase commercially viable financing through financial institutions (FIs) to high positive social impact sectors. The proposed Facility entails long term financing to two key middle market banks (Banco BICE and BicBanco), which have expressed interest in increasing their portfolios in their core business as well as in the health and education sectors with support from the IDB.

Project Detail

Project Number
BR-L1338
Project Country
Brazil
Project Sector
FINANCIAL MARKETS
Project Subsector
CAPITAL MARKET DEVELOPMENT
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Closed
Operation Number
2675B/OC-BR-2

Financial Information

Project Number
BR-L1338
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/22/2011
Operation Number
2675B/OC-BR-1

Financial Information

Project Number
BR-L1338
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/22/2011
Operation Number
2675B/OC-BR-3

Financial Information

Project Number
BR-L1338
Project Status
Closed

IDB Financing

Financing type
PAR
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/22/2011
Operation Number
2675A/OC-BR-1

Financial Information

Project Number
BR-L1338
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/22/2011
Operation Number
2675A/OC-BR-2

Financial Information

Project Number
BR-L1338
Project Status
Closed

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Dec/22/2011

Project Information

Total Cost
USD 207,917,777
Country counterpart financing
USD 0
Amount
USD 49,728,256

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
BR-L1338;RG-L1043
November 04, 2011
Project Abstract
BR-L1338
July 19, 2011

Approved

Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
2675A/OC-BR-1;2675A/OC-BR-2;BR-L1338;RG-X1132
December 13, 2011
Agreement - Financial Closing - SCF
2675A/OC-BR-1;2675A/OC-BR-2;BR-L1338;RG-X1132
December 13, 2011