17 Dec 2018
EUR 10 million
Infrastructure, transportation and telecom
|Date of loan:||25 Apr 2008|
|Customer:||Banco Itaú BBA S.A.|
|Amount in USD:||USD 20 million|
|Amount in EUR:||EUR 12.8 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The general loan programme totalling USD 20 million is aimed at financing small and medium-sized enterprises' projects involving NIB member country companies in Brazil. Projects in telecommunications, pulp and paper production as well as infrastructure development are a priority. Banco Itaú BBA started operations in 2003. Today it is the largest wholesale bank in Brazil.
Banco Itaú BBA's environmental procedures are regarded as satisfactory. Banco Itaú Holding is a signatory to the Equator Principles as well as the only Latin American bank that has remained in the Dow Jones Sustainability World Index since its creation. It is also a member of the Brazilian Business Council for Sustainable Development and the United Nations Environment Programme-Finance Initiative.