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Banco Daycoval: committed to Brazilian companies and green projects
Project
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Signature date
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Location
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Brazil
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Financing tool
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Financing amount (Euro)
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70901871
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Financing details
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USD 75m loan
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Customer
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Banco Daycoval
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Type of customer
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Financial institution
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Country of headquarters
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Brazil
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Project number
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PBR1080
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Environmental and social ranking
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IF-A
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Climate co-benefits
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Project with climate co-benefits
This information is given at the time of signature, without prejudice to any developments in the operation/project.
By joining forces with Proparco for the first time, Banco Daycoval aims to strengthen its environmental and social performance and develop its Climate Finance activity.
Client presentation
Founded in 1968, Banco Daycoval is wholly owned by the Dayan family. Based in Sao Paulo, this financial institution is well established throughout the country, and particularly supports SMEs.
Project description
Proparco has allocated a five-year USD 75m senior credit line to Banco Daycoval. This new partnership, announced following FELABAN's 57th Annual General Meeting, aims to support the development of the Brazilian bank’s portfolio of climate co-benefit loans.
Project impact
Through its positioning in the SME segment, the bank will contribute to the development of climate co-benefit loans for Brazilian companies specializing in renewable energies, energy efficiency, sustainable infrastructure and waste management projects.
The project will support local employment and also contribute to the achievement of Sustainable Development Goals 7 (“Affordable and clean energy”), 8 (“Decent work and economic growth”) and 13 (“Climate action”).