China Eximbank provides $300 million loan to Banco do Brasil for trade financing purposes

📋 Staff Comments

1. This loan is coded as 'Vague OF' for the time being because the its level of financial concessionality (grant element) is unknown.
2. Banco do Brasil S.A. (English: Bank of Brazil) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and among the oldest banks in continuous operation in the world, it was founded by John VI, King of Portugal, on Wednesday, 12 October 1808. It is the second largest banking institution in Brazil, as well as the second largest in Latin America, and the seventieth largest bank in the world. Banco do Brasil is controlled by the Brazilian Government and is listed at the B3 stock exchange in São Paulo.
3. The borrowing terms of the loan were drawn from the following

📚 Sources & References

• https://api.mziq.com/mzfilemanager/v2/d/5760dff3-15e1-4962-9e81-322a0b3d0bbd/09955da0-2b96-56cb-71c5-190ec64b5fb2?origin=1 Sources: China Eximbank Deepened Cooperation with Banco do Brasil to Jointly Support the Growth of China-Brazil Economic and Trade Ties
• China-Latin America Finance Database
• 进出口银行与巴西银行深化合作 共同助力中巴经贸发展
• Banco do Brasil S.A. Reference Form 2021 Position 12/31/2020, 2019 reference form, 2022 reference form 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.