Active Development AidData Chinese Aid

CDB provides $600 million loan to Banco Santander (Brasil) for on-lending purposes

$600K USD

Funder	China Development Bank (CDB)
Recipient Organization	Banco Santander (Brasil) S.A
Country	Brazil
Start Date	May 01, 2023
End Date	Mar 30, 2028
Duration	1,795 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`102666`

Grant Description

CDB provides $600 million loan to Banco Santander (Brasil) for on-lending purposes In May 2023, China Development Bank and Banco Santander (Brasil) S.A. signed a $600 million facility (loan) agreement. The loan reportedly disbursed in full. Its borrowing terms are unknown.

However, it is known that $250 million was earmarked for ESG-related projects (e.g., wind energy, solar energy, hydroelectric power, landfills and biogas capture) undertaken by Brazilian companies.

📋 Staff Comments

Banco Santander (Brasil) S.A. is the Brazilian subsidiary of the Spanish Santander Group, headquartered in São Paulo, Brazil.
The Chinese project title is 桑坦德（巴西）银行授信项目.
This was the first loan issued under a $1 billion China-Latin America Special Loan for Development Cooperation (Empréstimo Especial de Cooperação e Desenvolvimento China-América Latina).

📚 Sources & References

国家开发银行：融通资金服务共赢助力共建“一带一路”高质量发展
中国国家开发银行实现桑坦德（巴西）银行6亿美元授信项目全额发放
中国国家开发银行实现对桑坦德（巴西）银行6亿美元授信项目全额发放
中国国家开发银行实现桑坦德（巴西）银行6亿美元授信项目全额发放
中国国家开发银行实现对桑坦德（巴西）银行6亿美元授信项目全额发放
Banco de Desenvolvimento da China emite crédito para cooperação e desenvolvimento China-América Latina
央视新闻客户端：中拉发展合作专项贷款首批6亿美元授信全额发放
中国国家开发银行实现桑坦德（巴西）银行6亿美元授信项目全额发放
国家开发银行：高质量落实峰会成果服务中国与共建国家互利共赢、共同发展
国家开发银行：融通资金服务共赢助力共建“一带一路”高质量发展 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Banco Santander (Brasil) S.A

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