Banco Schahin Financing Facility
Support Banco Schahin, a commercial bank in Brazil, to increase its consumer financing credit portfolio, to expand access to the international financial markets and to extend the tenor of its funding. The IDB loan would enable Schahin to expand its activity in paycheck deductible lending, particularly to public employees and Brazilian National Institute for Social Security ("INSS") retirees . The goal of the project is to expand access to consumer finance and enable a more competitive banking market to ultimately benefit consumers with lower spreads for consumer finance.

Project Detail

Country

Brazil

Project Number

BR-L1116

Approval Date

August 8, 2007

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 40,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 20,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1887A/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
1887B/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 1887A/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 1887B/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

Can’t find a document? Request information

 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-699390725-11
Environmental and Social Management Reports
Banco Schahin Lending Facility [1332908].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1079845749-912
Project Abstract
Banco Schahin Lending Facility [975945].PDF
May. 11, 2007
English
https://www.iadb.org/document.cfm?id=EZSHARE-1079845749-913
Environmental and Social Strategies
Banco Schahin Lending Facility [975949].PDF
May. 11, 2007
English

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